Mumbai has emerged third on the list of top data centre markets in the Asia-Pacific region: Report
- IBEF
- May 23, 2023
As per a Knight Frank report, Mumbai has emerged third on the list of top data centre markets in the Asia-Pacific region with a capacity of 2,337 megawatt (MW). The first position was taken by Shanghai (2,692 MW) and was followed by Tokyo (2,575 MW).
The report titled Data Centre Q1 2023, published in collaboration with DC Byte, a data centre research and analytics platform, stated that the live capacity (operational capacity) stood at 270 MW with over half of the total capacity in the early stage at 1,272 MW and 11.55% of its capacity in the live segment.
In the Asia Pacific region, the research focuses on nine quickly emerging markets: Bangkok, Hong Kong, Kuala Lumpur, Mumbai, Seoul, Shanghai, Singapore, Sydney, and Tokyo. A high percentage of the capacity of Shanghai, Tokyo, Sydney, Singapore, and Hong Kong, is in the live segment, indicating higher levels of commissioning and demand.
Investors are using a variety of strategies, including mergers and acquisitions (M&As), joint ventures, and land acquisitions, to tap into this growing sector, as data centres gain significance as an asset class in the nation. Mumbai has emerged as an important beneficiary with a large increase in its total capacity as a representation of India's expanding data centre ecosystem, according to Mr. Shishir Baijal, Chairman and Managing Director at Knight Frank India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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