Beijing Data Center Market Size (2024 - 2029)

Beijing Data Center Market Analysis

The Beijing Data Center Market size is estimated at 217.5 megawatt in 2024, and is expected to reach 335.42 megawatt by 2029, growing at a CAGR of 9.05% during the forecast period (2024-2029).

• A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with them.
• Beijing, the financial capital of China, witnessed an increase in data consumption due to factors such as financial transactions, online gaming, streaming content, the adoption of smart home automation, and emerging artificial intelligence industries, which triggered the growth of data centers in the region.
• Owing to growing carbon footprint emissions, Beijing has been at the forefront of regulations in the country since 2014. It has already prohibited the building and expanding data centers in central urban areas while diverting activity to surrounding Tianjin and Hebei. The city's local government released a draft plan to mandate that data centers completed in 2021 and after must include renewable energy in their power sources and incrementally increase the share of renewables by 10% each year to 100% by 2030. Higher power tariffs will hit existing data centers that do not meet efficiency standards. The government is also planning to phase out older facilities with PUE levels of over 2.0.
• Mega data centers are the most preferred type in Beijing. Their capacity is expected to increase consistently in the region. Being industrial and highly populated, Beijing has a growing demand for massive and mega data centers. On the other hand, small, medium, and large data centers are expected to witness stagnant growth over the years.

Beijing Data Center Industry Segmentation

A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services, as well as store and manage the data connected with those applications and services.

The Beijing data center market is segmented by DC size (small, medium, large, massive, mega), by tier type (tier 1 and 2, Tier 3, Tier 4), by absorption (utilized, colocation type [retail, wholescale, hyperscale], end user [cloud & IT, telecom, media & entertainment, government, BFSI, manufacturing, e-commerce], and non-utilized). The market sizes and forecasts are provided in terms of value (MW) for all the above segments.