China Data Center Market Size & Share Analysis - Growth Trends & Forecasts up to 2029

China Data Center Market Size & Share Analysis - Growth Trends & Forecasts up to 2029
The China Data Center Market is projected to register a CAGR of 8.57% Key HighlightsIT Load Capacity: The IT load capacity of the Chinese data center market may grow steadily and achieve a capacity of 3348.8 MW by 2029.Raised Floor Space: The total raised floor area of the country is expected to reach 11.9 million sq. ft by 2029.Installed Racks: The total number of installed racks is expected to reach 599,433 units by 2029. Hebei is expected to house the maximum number of racks in the coming years.DC Facilities: DC facilities are shifting toward tier 4 standards due to the increasing uptime demand and 24/7 service continuity contracts.Leading Market Player: Space DC Pte Ltd is a leading player in the Chinese data center market. It is expected to maintain its leading position by expanding its mega data center facilities in Hubei and Guangzhou during the forecast period.China Data Center Market TrendsTier 3 is the largest Tier Type Tier 3 data centers are the most preferred due to features such as on-site assistance, power, and cooling redundancy. The segment is expected to grow from 1,115.1 MW in 2022 to 1,874 MW by 2029 at a CAGR of 5.7%. These data centers are mainly chosen by companies for storing and processing business-critical data to cater to their growing business and scalability needs. There are around 110 Tier 3 data centers in the country, and around 37 upcoming data centers are under construction with Tier 3 specifications. Tier 4 data centers are the next most preferred by large businesses due to their performance, lower downtime, and 99.99% uptime. These data centers are relatively costly; however, the performance offered by them outweighs the price and supports the competitive and growing needs of large businesses. In 2022, the country had seven Tier 4 data centers owned by Princeton Digital Group and SpaceDC Pte Ltd. Tier 1 & 2 data centers are the least preferred due to their higher downtime durations, power and cooling redundancies, and on-site remote assistance. Since these data centers are relatively cheap compared to Tier 3 and Tier 4, small businesses and startup companies prefer them. Since Tier 1 & 2 data centers are the least preferred, stagnant growth could be seen during the forecast period. China Data Center Industry Overview The China Data Center Market is moderately consolidated, with the top five companies occupying 60.76%. The major players in this market are China Telecom Corporation Ltd, Chindata Group Holdings Ltd., Equinix, Inc., Space DC Pte Ltd. and Zenlayer Inc (sorted alphabetically).Additional Benefits: The market estimate (ME) sheet in Excel format 3 months of analyst support