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Hong Kong Data Center Construction Market Market Size (2024 - 2029)

The Hong Kong data center construction market is projected to experience significant growth over the forecast period, with its market size expanding considerably. This growth is driven by the development of IT load capacity, raised floor space, and the installation of a substantial number of racks. Additionally, the construction of submarine cable systems is set to enhance connectivity, further contributing to the market's expansion.

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Market Size of Hong Kong Data Center Construction Industry

Hong Kong Data Center Construction Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 0.64 Billion
Market Size (2030) USD 1.77 Billion
CAGR (2024 - 2030) 18.68 %
Market Concentration High

Major Players

Hong Kong Data Center Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Hong Kong Data Center Construction Market Analysis

The Hong Kong Data Center Construction Market size is estimated at USD 0.64 billion in 2024, and is expected to reach USD 1.77 billion by 2030, growing at a CAGR of 18.68% during the forecast period (2024-2030).

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Hong Kong data center construction market is expected to reach 1777.91 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 6.3 million sq.ft. by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 318247 units by 2029. Tseung Kwan O-Hong Kong is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 12 submarine cable systems connecting Hong Kong, and many are under construction. One such submarine cable that is estimated to start service in 2025 is Asia Cable Link AC, which stretches over 6000 Kilometers with landing points from Hong Kong to China.

Hong Kong Data Center Construction 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. Under data center construction, we are tracking the capital expenditure that was incurred while building the existing DC facilities and also estimating the future capex based on upcoming DC facilities.

Hong Kong data center construction market is segmented by tier type (tier 1 and 2, tier 3, and tier 4), by data center size (small, medium, large, massive, and mega), by infrastructure (cooling infrastructure (air-based cooling, liquid-based cooling, evaporative cooling), power infrastructure (UPS systems, generators, power distribution Unit (PDU), racks and cabinets, servers, networking equipment, physical security infrastructure, design and consulting services, and other infrastructure), and end user ( IT & telecommunication, BFSI, government, healthcare, and other end user). The market sizes and forecasts are provided in values of USD for all the above segments.

Tier Type
Tier 1 and 2
Tier 3
Tier 4
Data Center Size
Small
Medium
Large
Mega
Massive
Infrastructure
Cooling Infrastructure
Air-based Cooling
Liquid-based Cooling
Evaporative Cooling
Power Infrastructure
UPS Systems
Generators
Power Distribution Unit (PDU)
Racks and Cabinets
Servers
Networking Equipment
Physical Security Infrastructure
Design and Consulting Services
Other Infrastructure
End-User
IT & Telecommunication
BFSI
Government
Healthcare
Other End User
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Hong Kong Data Center Construction Market Size Summary

The Hong Kong data center construction market is poised for significant growth, driven by increasing demand for digital infrastructure and advancements in telecommunications. The market is characterized by a robust expansion in IT load capacity, raised floor space, and the number of racks, with Tseung Kwan O emerging as a key hotspot due to its smart city projects and burgeoning IT businesses. The government's proactive approach in facilitating 5G network development is expected to further propel the demand for data centers, as low latency 5G technology enhances the need for cloud storage and real-time data access. The presence of major mobile network operators in Hong Kong underscores the critical role of data centers in supporting the rising number of smartphone users and internet penetration.

The market landscape is consolidated with a few major players, including Aurecon, BYME Engineering, Schneider Electric, Mitsubishi Electric, and Vertiv Group, who are actively investing in expanding their operations to meet the growing demand. Recent developments, such as AirTrunk's announcement to establish a second data center and ESR's sustainability-linked loan for a new facility, highlight the ongoing investments in the sector. These initiatives are expected to create opportunities for vendors and contribute to the market's growth trajectory. The strategic geographical locations, efficient transport infrastructure, and increasing automation in industries like manufacturing further bolster the demand for high-end data center facilities in Hong Kong.

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Hong Kong Data Center Construction Market Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Major Initiatives Undertaken by Governments to Promote Digital Economy and Connectivity Infrastructure

      2. 1.2.2 Rising Adoption of Hyperscale Data Centers

    3. 1.3 Market Restraints

      1. 1.3.1 Environmental, Cost, and Workforce-related Challenges

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Tier Type

      1. 2.1.1 Tier 1 and 2

      2. 2.1.2 Tier 3

      3. 2.1.3 Tier 4

    2. 2.2 Data Center Size

      1. 2.2.1 Small

      2. 2.2.2 Medium

      3. 2.2.3 Large

      4. 2.2.4 Mega

      5. 2.2.5 Massive

    3. 2.3 Infrastructure

      1. 2.3.1 Cooling Infrastructure

        1. 2.3.1.1 Air-based Cooling

        2. 2.3.1.2 Liquid-based Cooling

        3. 2.3.1.3 Evaporative Cooling

      2. 2.3.2 Power Infrastructure

        1. 2.3.2.1 UPS Systems

        2. 2.3.2.2 Generators

        3. 2.3.2.3 Power Distribution Unit (PDU)

      3. 2.3.3 Racks and Cabinets

      4. 2.3.4 Servers

      5. 2.3.5 Networking Equipment

      6. 2.3.6 Physical Security Infrastructure

      7. 2.3.7 Design and Consulting Services

      8. 2.3.8 Other Infrastructure

    4. 2.4 End-User

      1. 2.4.1 IT & Telecommunication

      2. 2.4.2 BFSI

      3. 2.4.3 Government

      4. 2.4.4 Healthcare

      5. 2.4.5 Other End User

Hong Kong Data Center Construction Market Market Size FAQs

The Hong Kong Data Center Construction Market size is expected to reach USD 0.64 billion in 2024 and grow at a CAGR of 18.68% to reach USD 1.77 billion by 2030.

In 2024, the Hong Kong Data Center Construction Market size is expected to reach USD 0.64 billion.

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