Singapore Data Center Construction Market Size (2024 - 2029)

Singapore Data Center Construction Market Analysis

The Singapore Data Center Construction Market size is estimated at USD 4.35 billion in 2024, and is expected to reach USD 5.75 billion by 2030, growing at a CAGR of 4.76% during the forecast period (2024-2030).

• 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.

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.