| Study Period | 2019 - 2031 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2031 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thailand Data Center Rack Market Analysis
The Thailand Data Center Rack Market is expected to register a CAGR of 5% during the forecast period.
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/region.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Philippines data center market is expected to reach more than 270 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 6 million sq. ft by 2029.
- Planned Submarine Cables: There are close to 12 submarine cable systems connecting Thailand, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 Kilometers with landing points from Songkhla, Thailand.
Thailand Data Center Rack Market Trends
IT & Telecommunication Segment holds the major share.
- In the next five years, Thailand will rapidly adopt hybrid cloud services, with 67% of respondents agreeing to the adoption plan. Digital media, financial services, retail, and manufacturing are the main cloud customers in this country, as Thai businesses planned to set out an effective cloud migration strategy to gain the benefits of digital transformation.
- Further, in the context of investment under new Thai regulations, in May 2022, Alibaba Cloud, the digital technology and intellectual backbone of Alibaba Group, launched its first data center in Thailand to bolster local businesses' digital innovation capabilities.
- The telecommunications sector in Thailand has a customer base of over 60 million, making it the major telecommunications sector in Southeast Asia, according to an industry expert. In addition, Google predicts Thailand to be the second-largest internet economy, worth USD 50 billion by 2025. Rollouts of its network to enhance quality and speed, along with investment in 5G technology, will be key areas of development.
- More than 85% of Thailand's population is expected to have 5G coverage by 2022. This is anticipated to support digital transformation in the economic, social, and government sectors catering to market growth.
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Full Rack is Expected to Grow Significantly
- In Thailand, due to growing space scarcity between various companies, the full rack has a majority of the market share. In order to cope with increasing rack capacity due to the rapid growth of mobile broadband, e-commerce, and the increase in Big Data Analytics combined with cloud computing, it is necessary to build a fully rack-equipped data center.
- At first, there was a limited focus on rack space in data centers; only size and cost were taken into account during deployment. Nevertheless, there is an opportunity for increased use of rack space in the data center as more and more users from different sectors, such as online banking, telecommunications, media and entertainment, and others, are adopting applications with higher density.
- In the last few years, Thailand's businesses and consumers have also started to get into e-commerce. The country is fertile ground for e-commerce to grow as a significant source of the economy, with strong levels of mobile phone penetration, Mobile Banking, and Social Media use.
- Companies increasingly rely on data centers for efficient management of their databases and storage, as they generate significant amounts of data every day. The main driving factor for data center rack usage is, therefore, the increased deployment of fully configured data centers. Also, the growth of the market is being influenced by the growing demand for IT services and investments made by large companies.
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Thailand Data Center Rack Industry Overview
The upcoming DC construction projects in the country will likely increase the demand for Data Center Racks in the coming years. The market is moderately consolidated with a few major players, such as Schneider Electric SE, Rittal GMBH & Co.KG, Vertiv Group Corp., Eaton Corporation, and Delta Electronics (Thailand) PCL. Currently dominate the market. These major players with a prominent market share focus on expanding their customer base across the region.
In August 2023, ST Telemedia Global Data Centres (STT GDC) Thailand planned to build a third data center facility with an IT load capacity of 2MW and is expected to go live by the end of 2023.
In May 2023, Telehouse launched its first Thai data center in Bangkok, which was initiated in January 2022; the 9,000 sqm (97,000 sq ft) facility offers 9.5MVA of capacity.
Thailand Data Center Rack Market Leaders
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Schneider Electric SE
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Rittal GMBH & Co.KG
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Vertiv Group Corp.
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Eaton Corporation
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Delta Electronics (Thailand) PCL.
- *Disclaimer: Major Players sorted in no particular order
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Thailand Data Center Rack Market News
- May 2023: Thai telco Interlink Telecom (Itel) announced plans to invest USD 20 million in its data center joint venture with Etix Everywhere in Bangkok.
- March 2023: NTT Global Data Centers announced plans to invest USD 90 million to develop a 12MW, 4,000 sqm facility in Bangkok.
Thailand Data Center Rack Industry Segmentation
A data center rack is a physical enclosure made up of usually steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.
The Thailand data center rack market is segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.
| By Rack Size | Quarter Rack |
| Half Rack | |
| Full Rack | |
| By End User | IT & Telecommunication |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End Users |
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Thailand Data Center Rack Market Research Faqs
What is the current Thailand Data Center Rack Market size?
The Thailand Data Center Rack Market is projected to register a CAGR of 5% during the forecast period (2025-2031)
Who are the key players in Thailand Data Center Rack Market?
Schneider Electric SE, Rittal GMBH & Co.KG, Vertiv Group Corp., Eaton Corporation and Delta Electronics (Thailand) PCL. are the major companies operating in the Thailand Data Center Rack Market.
What years does this Thailand Data Center Rack Market cover?
The report covers the Thailand Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand Data Center Rack Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.
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Thailand Data Center Rack Industry Report
Statistics for the 2025 Thailand Data Center Rack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Data Center Rack 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.
