Market Size of china data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 2.32 Thousand MW |
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Market Volume (2029) | 3.35 Thousand MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 7.64 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Data Center Market Analysis
The China Data Center Market size is estimated at 2.32 thousand MW in 2024, and is expected to reach 3.35 thousand MW by 2029, growing at a CAGR of 7.64% during the forecast period (2024-2029).
USD 4,293.05 Million
Market Size in 2024
USD 6,204.5 Million
Market Size in 2029
44.2%
CAGR (2017-2023)
7.6%
CAGR (2024-2029)
IT Load Capacity
2,317 MW
Value, IT Load Capacity, 2024
The IT load capacity of the Chinese data center market expected to reach a capacity of 3348.8 MW by 2029. Factors such as digital transactions, online gaming, and adoption of smart home automation, witnessed an increase in data consumption.
Total Raised Floor Space
Sq. Ft. 8.30 M
Volume, Raised Floor Space, 2024
The total raised floor area of the country is expected to reach 11.9 million sq. ft by 2029. Space DC Pte Ltd is expected to strengthen its position in the Chinese market with the launch of its 225 MW DC facility in Wuhan by 2024-25.
Installed Racks
414,758
Volume, Installed Racks, 2024
The total number of installed racks is expected to reach 599,433 units by 2029. Hebei is expected to house the maximum number of racks in the coming years.
# of DC Operators & DC Facilities
14 and 157
Volume, DC Facilities, 2024
DC facilities are shifting towards tier 4 standards due to the increasing uptime demand and 24/7 service continuity contracts. Digital Group has the highest number of Tier 4 certified facilities, in terms of IT load capacity.
Leading Market Player
29.5%
Market Share, Space DC Pte Ltd., 2023
Space DC Pte Ltd is a leading player in the Chinese data center market. It is expected to maintain its leading position by expanding its mega data center facilities in Hubei and Guangzhou during the forecast period.
Tier 3 data center accounted for majority share in terms of volume in 2023, Tier 4 is fastest growing segment
- Tier 3 data centers are the most preferred due to features such as on-site assistance, power, and cooling redundancy. The segment is expected to grow from 1,115.1 MW in 2022 to 1,874 MW by 2029 at a CAGR of 5.7%. These data centers are mainly chosen by companies for storing and processing business-critical data to cater to their growing business and scalability needs. There are around 110 Tier 3 data centers in the country, and around 37 upcoming data centers are under construction with Tier 3 specifications.
- Tier 4 data centers are the next most preferred by large businesses due to their performance, lower downtime, and 99.99% uptime. These data centers are relatively costly; however, the performance offered by them outweighs the price and supports the competitive and growing needs of large businesses. In 2022, the country had seven Tier 4 data centers owned by Princeton Digital Group and SpaceDC Pte Ltd.
- Tier 1 & 2 data centers are the least preferred due to their higher downtime durations, power and cooling redundancies, and on-site remote assistance. Since these data centers are relatively cheap compared to Tier 3 and Tier 4, small businesses and startup companies prefer them. Since Tier 1 & 2 data centers are the least preferred, stagnant growth could be seen during the forecast period.
Understand The Key Trends Shaping This Market
