Hebei Data Center Market Size (2024 - 2029)

Hebei Data Center Market Analysis

The Hebei data center market stood at 548.05 MW in 2022 and is expected to register a CAGR of 3.88% during the forecast period to reach a volume of 820.8 MW by the next six years.The main drivers anticipated to drive market expansion are the increasing demand for energy-efficient data centers, considerable investment by colocation and managed service providers, and expanding hyperscale data center buildings. Additionally, the development of big data, cloud computing, and the Internet of Things (IoT) has made it possible for businesses to invest in new data centers to preserve business continuity. Additionally, industrial development is expected to prosper due to the rising need for security, operational efficiency, improved mobility, and bandwidth. Software-based data centers boost industry growth by providing a higher level of automation.

• Artificial Intelligence (AI) can be applied to a data center's mechanical and electrical equipment, including data center hardware, to enable actionable insights and automation, saving money for the operator. This requires integrating traditional physics-based modeling approaches with state-of-the-art machine learning (ML) techniques using data from the Internet of Things (IoT) sensors. Many leading companies, such as telecom giant Huawei Technologies, are introducing AI-driven data centers, which help to improve network operations.
• With the rise of 5G, new applications like high-resolution cloud gaming, industrial IoT process control, and onsite AR guidance for workers that use 5G's super high speed, low latency, and machine-machine communications are expected to be introduced. With such applications, the 5G rollout will significantly impact many industries, including data center infrastructure and virtualized networking. Network and router upgrades are necessary for data centers to adapt to 5G and more significant updates to existing technologies, such as network functions virtualization (NFV) and software-defined networking (SDN). This will also result in the upgradation of the data center, which forms an essential component of data center network architectures.
• Going green is no longer simply an industrial goal but is being aggressively pursued to attain the goal of negative carbon footprints. Businesses and data center service providers are investigating energy efficiency, water usage, and waste output. Organizations like Microsoft aim to make their DC operations run entirely on renewable energy. Companies in the data center technology industry are also experimenting with Tesla Megapack for large-scale energy storage. This will aid in increasing the use of solar energy in large data centers. Businesses' climate action framework will undergo a dramatic paradigm shift in 2022.
• Moreover, development centers have undertaken a substantial study on energy efficiency in data centers, concentrating on optimal quality of service, effective resource utilization, and cost-cutting operations. They intend to reduce brown energy consumption by offering a load-balancing strategy that uses available green energy. Load balancing is based on renewable energy and has been used in several data centers. A workload and energy management plan was implemented to reduce network operational and energy costs. Combined cooling, heating, and power (CCHP) systems can also cut carbon emissions and air pollution while increasing resource energy efficiency dramatically.
• The outbreak of the COVID-19 pandemic affected data center construction in the market studied as it has delayed the construction of several new facilities. Ongoing construction from enterprises and colocation service providers witnessed a halt. Projects pipeline with openings across Q4 2020 and Q1 2021 are majorly affected. The same has been attributed to data center infrastructure-related supply chain disruptions. With problematic imports already in place, the situation worsened as many vendors are dependent on importing IT and power and cooling infrastructure solutions.

Hebei 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 and store and manage the data connected with those applications and services.

The Hebei Data Center Market is segmented by DC Size (Small, Medium, Large, Massive, Mega), by Tier Type (Tier 1&2, Tier 3, Tier 4), by Absorption (Utilized (Colocation Type (Retail, Wholesale, Hyperscale), End User ( Cloud & IT, Telecom, Media & Entertainment, Government, BFSI, Manufacturing, E-Commerce)), Non-Utilized). The market sizes and forecasts are provided in terms of value (MW) for all the above segments.