[cs_content _p=’5520′][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]According to Arizton’s latest research report, the Internet data center market in China is projected to grow at a CAGR of 12.17% from 2023 to 2029. By 2029, the market size is expected to reach $77.37 billion, with a total area of 14.70 million sq. ft and a power capacity of 2860 MW.
Investment Surge in China’s Data Centers
The next few years will see aggressive investments in China’s data center market, driven by existing and new operators. The focus on renewable energy sources such as solar, hydro, and wind for powering data centers is on the rise, expected to continue throughout the forecast period.
Major Investment Moves
Chindata Group Privatization: In 2023, Chindata Group announced plans to become a privately held company, valued at $3.16 billion, following discussions with Bain Capital.
Guian Data Centre: Operated by China Unicom, this center features fully functional micro module rooms, and is part of China’s national big data infrastructure program launched in February 2022.
Cloud Service Providers Leading Demand
Prominent global cloud operators such as Microsoft, Alibaba Cloud, AWS, Tencent Cloud, and Huawei Cloud are driving the demand for wholesale colocation services in China. Over the next five years, these providers will lead capacity expansion, with various global organizations entering the market to establish a local presence.
Strategic Insights
The evolving strategies of key players and major investments from firms like Bain Capital and Blackstone highlight the dynamic nature of China’s data center and renewable energy sectors. The Guizhou province’s designation as one of the national computing hubs is accelerating data center projects, including those by Huawei Cloud and Midea Cloud.\n\n[/cs_content_seo][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content]
