Singapore Data Center Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

The Singaporean Data Center Construction Market Report is Segmented by Tier Type (Tier 1 and 2, Tier 3, and Tier 4), Data Center Size (Small, Medium, Large, Massive, and Mega), Infrastructure (Cooling Infrastructure (Air-Based Cooling, Liquid-Based Cooling, and 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 and Telecommunication, BFSI, Government, Healthcare, and Other End Users). The Market Sizes and Forecasts are Provided in Value (USD) for all the Above Segments.

Singapore Data Center Construction Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2031)

Singapore Data Center Construction Market Size

Singapore Data Center Construction Market Summary
Study Period 2019 - 2031
Base Year For Estimation 2024
Forecast Data Period 2025 - 2031
Market Size (2025) USD 4.56 Billion
Market Size (2031) USD 6.02 Billion
CAGR (2025 - 2031) 4.76 %
Market Concentration Medium

Major Players

Singapore Data Center Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Singapore Data Center Construction Market with other markets in Technology, Media and Telecom Industry

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Singapore Data Center Construction Market Analysis

The Singapore Data Center Construction Market size is estimated at USD 4.56 billion in 2025, and is expected to reach USD 6.02 billion by 2031, at a CAGR of 4.76% during the forecast period (2025-2031).

  • The upcoming IT load capacity in the region is expected to reach more than 1,100 MW by 2030 for construction IT load capacity.
  • The construction of raised floor area for data centers in the region is expected to reach more than 5 million sq. ft by 2030 for under construction raised floor space.
  • The region's total number of racks to be installed is expected to reach above 165,000 units by 2030, with East Singapore expected to house the maximum number of racks by that time for planned racks.
  • The region is witnessing rising submarine cable projects. For instance, in April 2024, Viettel and Singtel signed a Memorandum of Understanding (MoU) to collaborate on a submarine cable project linking Singapore and Vietnam. Dubbed the Vietnam-Singapore Cable System (VTS), the cable is set for completion by Q2 2027. Singtel, the leading telco in Singapore, and Viettel Group, a telecom giant under Vietnam's military ownership, will jointly construct the cable. Each party will oversee the landing station in their respective nation. The cable, which has eight fiber pairs, is designed to achieve an extremely low latency of approximately 12 ms, establishing a new standard for connectivity between the two countries.
  • Singapore holds a significant share of the Asia-Pacific data center market owing to its strong network infrastructure, pro-business environment, economic and political stability, low corporate tax rate, and low risk of natural disasters relative to other countries. Many data center operators like SpaceDC have built green data centers to support sustainability requirements. Space DC is based in Jakarta over a 1.8-hectare campus to house two data centers. In order to power the facility, the company uses natural gas to produce electricity. It is focused on local natural resources to create green energy and reduce its carbon footprint.

The BFSI Segment is Expected to be the Fastest Growing Segment

  • Companies like Grab Holdings strategically collaborate to capitalize on the growing market. Its partnership with Singapore Telecommunications and GXS Bank offers digital banking services to the retail industry. Singaporean businesses Grab and tech company Sea have obtained "digital full bank" licenses, enabling them to accept deposits and provide local services to retail and corporate customers. They now serve more than 3 million customers.
  • Several fintech startups are expanding the market by attaining strategic partnerships with cloud service providers to automate their respective payment portals. In April 2022, Wallet Engine partnered with Mambu to fast-track the development of its innovative wallet-as-a-service offering, which aims to become the go-to solution for embedding financial services into any app.
  • The Singapore FinTech industry remains dynamic, a key economic expansion and financial innovation catalyst. In late 2022, Mr. Lawrence Wong, Singapore's Deputy Prime Minister and Minister for Finance, along with his role as Deputy Chairman of the Monetary Authority of Singapore (MAS), unveiled the updated Financial Services Industry Transformation Map (ITM) 2025. This revised ITM places a renewed focus on nurturing FinTech startups. Singapore, renowned for its openness and global appeal in FinTech, is expected to sustain industry growth despite a slight decline in funding in 2022 compared to the previous year. Thus, the rise of FinTech and online banking is expected to increase computing capacity and the data center market.
Singapore Data Center Construction Market: Volume Size of BFSI, MW, Singapore, 2022 - 2025

Singapore Data Center Construction Industry Overview

The Singaporean data center market is moderately consolidated. Significant companies, including Fortis Construction, DPR Construction, Aurecon Group Pty Ltd, Obayashi Corporation, and Artelia Group, are investing in and expanding the data construction market in Singapore.

July 2023: The Singapore Economic Development Board (EDB) and the Infocomm Media Development Authority (IMDA) announced the development of 80 MW capacity data centers with four operators, namely Equinix, GDS, Microsoft, and a consortium of AirTrunk, and ByteDance, to expand international connectivity. Such investments are driving opportunities for the vendors in the market.

Singapore Data Center Construction Market Leaders

  1. Fortis Construction

  2. DPR Construction

  3. Aurecon Group Pty. Ltd.

  4. Obayashi Corporation

  5. Artelia Group

  6. *Disclaimer: Major Players sorted in no particular order
Singapore Data Center Construction Market Concentration
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Singapore Data Center Construction Market News

  • August 2023: Singtel, in collaboration with the Infocomm Media Development Authority (IMDA), initiated the construction of a cutting-edge data center in Singapore. Dubbed DC Tuas, this eight-story facility, upon its scheduled completion in 2025, will boast an impressive 58 MW of IT load capacity spread over 120,000 sq. ft. The data center will seamlessly integrate with Singtel's cable landing station (CLS).
  • March 2023: Megawide Construction Corporation signed an agreement with a Singapore-based group to build a data center worth USD 300 million to support the pivoting of digital infrastructure in the country. The project involves the long-term development of a 69 MW colocation data center, resulting in opportunities for the vendors in the market.

Singapore Data Center Construction Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions And Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Research Framework
  • 2.2 Secondary Research
  • 2.3 Primary Research
  • 2.4 Data Triangulation and Insight Generation

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Growing Cloud Applications, AI, and Big Data
    • 4.2.1.2 Rising Adoption of Hyperscale Data Centers
    • 4.2.2 Market Restraints
    • 4.2.2.1 Increase In Power and Real Estate Costs
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Key Singapore Data Center Construction Statistics
    • 4.4.1 Number of Data Centers In Singapore, 2022 and 2023
    • 4.4.2 Data Center Under Construction in Singapore, In MW, 2024 - 2029
    • 4.4.3 Average Capex and Opex For the Singapore Data Center Construction
    • 4.4.4 Data Center Power Capacity Absorption In MW, Cities, Singapore, 2022 and 2023
    • 4.4.5 The Top CAPEX Spenders on Data Center Infrastructure in Singapore

5. MARKET SEGMENTATION

  • 5.1 Market Segmentation - By Infrastructure
    • 5.1.1 Market Segmentation - By Electrical Infrastructure
    • 5.1.1.1 Power Distribution Solution
    • 5.1.1.1.1 PDU - Basic and Smart - Metered and Switched Solutions
    • 5.1.1.1.2 Transfer Switches
    • 5.1.1.1.2.1 Static
    • 5.1.1.1.2.2 Automatic (ATS)
    • 5.1.1.1.3 Switchgear
    • 5.1.1.1.3.1 Low-voltage
    • 5.1.1.1.3.2 Medium-voltage
    • 5.1.1.1.4 Power Panels and Components
    • 5.1.1.1.5 Other Power Panels and Components
    • 5.1.1.2 Power Backup Solutions
    • 5.1.1.2.1 UPS
    • 5.1.1.2.2 Generators
    • 5.1.1.3 Service - Design and Consulting, Integration, and Support and Maintenance
    • 5.1.2 Market Segmentation - By Mechanical Infrastructure
    • 5.1.2.1 Cooling Systems
    • 5.1.2.1.1 Immersion Cooling
    • 5.1.2.1.2 Direct-to-chip Cooling
    • 5.1.2.1.3 Rear Door Heat Exchanger
    • 5.1.2.1.4 In-row and In-rack Cooling
    • 5.1.2.2 Racks
    • 5.1.2.3 Other Mechanical Infrastructure
    • 5.1.3 General Construction
  • 5.2 Market Segmentation - By Tier Type
    • 5.2.1 Tier 1 and 2
    • 5.2.2 Tier 3
    • 5.2.3 Tier 4
  • 5.3 Market Segmentation - By End User
    • 5.3.1 Banking, Financial Services, and Insurance
    • 5.3.2 IT and Telecommunications
    • 5.3.3 Government and Defense
    • 5.3.4 Healthcare
    • 5.3.5 Other End Users

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 AECOM
    • 6.1.2 Aurecon Group Pty Ltd
    • 6.1.3 Obayashi Corporation
    • 6.1.4 Artelia Group
    • 6.1.5 Rider Levett Bucknall
    • 6.1.6 DPR Construction
    • 6.1.7 Fortis Construction
    • 6.1.8 DSCO GROUP
    • 6.1.9 Jacobs Engineering Group
    • 6.1.10 Mercury Engineering
  • *List Not Exhaustive

7. INVESTMENTS ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

9. ABOUT US

**Subject to Availability
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Singapore 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 them. Under data center construction, the capital expenditure incurred while building the existing data center facilities is tracked, and the future capex is estimated based on upcoming data center facilities.

The Singaporean data center construction market is segmented by infrastructure (electrical infrastructure (power distribution solution (PDU, transfer switches, switchgear, power panels, and components)), power backup solution (UPS and generators), service - design and consulting, integration, and support and maintenance)), (mechanical infrastructure (cooling systems (immersion cooling, direct-to-chip cooling, rear door heat exchanger, and in-row and in-rack cooling)), racks, and other mechanical infrastructure)), and general construction)), tier type (Tier 1 and 2, Tier 3, and Tier 4), and end user (banking, financial services and insurance, IT and telecommunications, government, defense, healthcare, and other end users). The market size and forecasts are provided in value (USD) for all the above segments.

Market Segmentation - By Infrastructure Market Segmentation - By Electrical Infrastructure Power Distribution Solution PDU - Basic and Smart - Metered and Switched Solutions
Transfer Switches Static
Automatic (ATS)
Switchgear Low-voltage
Medium-voltage
Power Panels and Components
Other Power Panels and Components
Power Backup Solutions UPS
Generators
Service - Design and Consulting, Integration, and Support and Maintenance
Market Segmentation - By Mechanical Infrastructure Cooling Systems Immersion Cooling
Direct-to-chip Cooling
Rear Door Heat Exchanger
In-row and In-rack Cooling
Racks
Other Mechanical Infrastructure
General Construction
Market Segmentation - By Tier Type Tier 1 and 2
Tier 3
Tier 4
Market Segmentation - By End User Banking, Financial Services, and Insurance
IT and Telecommunications
Government and Defense
Healthcare
Other End Users
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Singapore Data Center Construction Market Research FAQs

How big is the Singapore Data Center Construction Market?

The Singapore Data Center Construction Market size is expected to reach USD 4.56 billion in 2025 and grow at a CAGR of 4.76% to reach USD 6.02 billion by 2031.

What is the current Singapore Data Center Construction Market size?

In 2025, the Singapore Data Center Construction Market size is expected to reach USD 4.56 billion.

Who are the key players in Singapore Data Center Construction Market?

Fortis Construction, DPR Construction, Aurecon Group Pty. Ltd., Obayashi Corporation and Artelia Group are the major companies operating in the Singapore Data Center Construction Market.

What years does this Singapore Data Center Construction Market cover, and what was the market size in 2024?

In 2024, the Singapore Data Center Construction Market size was estimated at USD 4.34 billion. The report covers the Singapore Data Center Construction Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Singapore Data Center Construction Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.

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Singapore Data Center Construction Industry Report

Statistics for the 2025 Singapore Data Center Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Data Center Construction analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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