Knight Frank, a global property advisor, has released the latest research from its Q1 2023 Data Centre Report, published in partnership with DC Byte, a leading data centre research and analytics platform.
The report provides a comprehensive overview of the data centre landscape in Asia-Pacific (APAC), focusing on the established markets of Tokyo, Shanghai, Sydney, Singapore and Hong Kong and fast-growing tier 2 markets of Mumbai, Seoul, Kuala Lumpur and Bangkok.
In Q1 2023, the total market capacity across these nine markets surpassed 13,400MW, with a 425MW increase since the start of the year – this includes live, under construction and phased power.
The positive trajectory across APAC is a result of both established and hyper-growth data centre markets leveraging the momentum of the previous four quarters. Much of this growth was fuelled by market expansions recorded in Mumbai and new capacity announcements in Bangkok, Kuala Lumpur and Tokyo.
Mumbai emerged as the standout growth story of Q1 2023, with the market’s total capacity expansion surpassing the 2,000MW milestone. Supply movements have moderated compared to previous quarters, with over 40% of its current live capacity absorbed throughout 2022.
Bangkok also experienced impressive growth, surging by nearly 30% since the start of the year. Building on the strong absorption witnessed in 2022, market players are actively expanding their presence and increasing their share of the market.Click below to share this article