Singapore Data Center Power Market Size (2024 - 2029)

Singapore Data Center Power Market Analysis

The Singapore Data Center Power Market size is estimated at USD 1.61 billion in 2024, and is expected to reach USD 1.93 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.

• Under Construction IT Load Capacity: The IT load capacity of the data center market will grow steadily and is expected to reach 1,016 MW by 2029.
• Under Construction Raised Floor Space: The total raised floor space in the country is expected to reach 3.3 million sq. ft by 2029.
• Planned Racks: The total number of installed racks is expected to reach 165,468 by 2029. West Singapore is expected to house the maximum number of racks over the years.
• DC Facilities: There are 46 colocation data center facilities in Singapore. The rising demand for more eco-friendly data processing facilities and revised regulatory norms will oversee a controlled expansion of the market studied.
• Leading Market Player: STT GDC Pte Ltd is the leading player in the Indonesian data center market and is further poised to continue its leadership by rolling out a massive data center with 33 MW capacity during the forecast period.
• The government considers power-saving measures such as subsidies to increase energy efficiency or productivity and moves toward a low-carbon system to solve the electricity problem and crisis. In support of the above policy and to reduce energy consumption, key market players are focusing on introducing efficient power management systems such as PDUs, busways, and UPS for the purpose of controlling unnecessary expenditures in data centers, which is expected to increase the market's growth.

Singapore Data Center Power Industry Segmentation

Data center power refers to the power infrastructure, including electrical components and electrical distribution systems, which provide the power necessary to operate and support the devices and servers within the data center. It includes various components and technologies designed to ensure a reliable, uninterruptible power supply for data center IT equipment, including uninterruptible power supplies (UPS), power distribution units (PDU), backup generators, and other power management solutions tailored to the specific needs of data centers. Data center operators achieve data center redundancy through duplicated components to maintain uninterrupted operations in the event of failure of some components and to maintain uptime during maintenance.

The Singaporean data center power market is segmented by power Infrastructure (electrical solution (UPS system, generators, power distribution solutions (PDU, switchgear, critical power distribution, transfer switches, remote power panels, and others)), and service) and end user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.