The Hong Kong Data Center Market Size, Share, Trends, & Investments By IT Infrastructure, By Electrical Infrastructure, By Mechanical Infrastructure, By Cooling Systems, By General Construction, & By Tier Standard. This Industry Analysis Covers The Market

Hong Kong Data Center Market - Investment Analysis & Growth Opportunities 2026-2031

HONG KONG DATA CENTER MARKET SIZE & OUTLOOK

The Hong Kong data center market size was valued at USD 3.62 billion in 2025 and is expected to reach USD 5.81 billion by 2031, growing at a CAGR of 8.19% during the forecast period. Hong Kong is a primary commercial center, offering strong regional connectivity as a gateway to mainland China. The country’s data center market is expected to transition from capacity build-out into value-rich infrastructure deployment, driven particularly by high-density AI-/GPU-based workloads, edge/latency-sensitive services, and cloud-hyperscale demand in the forecast period.

While land constraints will continue to cap broad-based expansion, they will reinforce premium pricing, higher rack densities, and a shift to vertical/retrofit developments. Furthermore, operators will deploy advanced cooling (liquid, immersion) and higher densities (20 kW to over 70 kW per rack). For example, the Hong Kong data center cooling system segment is set to grow strongly at a CAGR of 20.07% till 2031. In addition, with rising power consumption, pressure from regulators, tenants and investors will push green power sourcing, higher energy efficiency (lower PUE), and maybe hydrogen or renewable-energy PPAs.

Hong Kong has set an ambitious vision to combat climate change and promote sustainability. The country's goals include increasing the share of zero-carbon energy in the fuel mix for electricity generation to around 60%–70% before 2035 and reaching carbon neutrality before 2050. This vision aligns with the global efforts to mitigate climate change and underscores Hong Kong’s commitment to a sustainable future.

Submarine cables provide high-speed data transmission, reduce latency, as well as support the growing demand for broadband and cloud services; this is crucial for Hong Kong’s digital economy. Hong Kong has one upcoming cable, which will be operational by the end of 2025. For instance, in June 2025, PCCW Global, Sparkle, Telecom Egypt, and Zain Omantel International (ZOI) signed an MoU to develop the Asia–Africa–Europe-2 (AAE-2) subsea cable system, linking Hong Kong and Singapore to Italy. The system will feature terrestrial corridors across Thailand, the Arabian Peninsula, and Egypt, enhancing route diversity and resilience between Asia and Europe.

The cloud market in Hong Kong is expected to continue experiencing significant growth in the future. For instance, in April 2025, Airstar Bank completed its full migration to Tencent Cloud, marking a major step in its digital transformation since initiating the process in December 2023. The migration, carried out in phases, achieved a 100% success rate with no service disruptions; it now leverages Tencent’s multi-availability zone architecture in Hong Kong for enhanced resilience.

HONG KONG DATA CENTER MARKET - KEY HIGHLIGHTS

1. Hong Kong has about 54 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards.
2. Tseung Kwan O remains the central hub for data center development in Hong Kong, accounting for nearly 41.0% of the existing white floor data center space and approximately 25.7% of the upcoming supply. This solidifies its position as the dominant location for such facilities.
3. In July 2025, Goodman Group launched the Goodman Hong Kong Data Centre Partnership (GHKDC), a $2.7 billion investment vehicle that manages six data centers, totaling 180 MW of IT capacity across Hong Kong, including two under-construction entities. The partnership, backed by major global investors including PGGM, APG, and CPP Investments, will strengthen Goodman’s position in delivering large-scale, high-performance infrastructure for Asia’s growing digital economy.
4. As of Q1 2025, the average industrial electricity price in Hong Kong ranges between USD 0.17 and 0.19 per kWh, applicable to industries including data centers. The country’s stable and reliable electricity supply is primarily provided by CLP Power and Hongkong Electric Company, both of which play a vital role in sustaining Hong Kong’s expanding digital and hyperscale infrastructure.

WHY SHOULD YOU BUY THIS RESEARCH?

1. Market size available in the investment, area, power capacity, and Hong Kong colocation market revenue.
2. An assessment of the data center investment in Hong Kong by colocation, hyperscale, and enterprise operators.
3. Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
4. A detailed study of the existing Hong Kong data center market landscape, an in-depth industry analysis, and insightful predictions about the Hong Kongn data center market size during the forecast period.
5. Snapshot of existing and upcoming third-party data center facilities in Hong Kong
6. Facilities Covered (Existing): 54
7. Facilities Identified (Upcoming): 13
8. Coverage: 6+ Cities
9. Existing vs. Upcoming (Data Center Area)
10. Existing vs. Upcoming (IT Load Capacity)
11. Data center colocation market in Hong Kong
12. Colocation Market Revenue & Forecast (2022-2031)
13. Retail & Wholesale Colocation Revenue (2022-2031)
14. Retail & Wholesale Colocation Pricing
15. Hong Kong data center landscape market investments are classified into IT, power, cooling, and general construction services, with sizing and forecast.
16. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
17. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
18. A transparent research methodology and the analysis of the demand and supply aspects of the market.

HONG KONG DATA CENTER MARKET VENDOR LANDSCAPE

1. The market has the presence of several global IT infrastructure providers such as Arista Networks, Atos, Dell Technologies, Fujitsu, IBM and others that have made it easier to access advanced infrastructure in the market and have increased the competitiveness for new vendors in the market.
2. The presence of some of the major global support infrastructure providers, such as Fuji Electric, Legrand, Piller Power Systems, Schneider Electric and others, will ease the availability of advanced support infrastructure in the market.
3. The market has the presence of several local and global construction contractors who have been offering their services to several data center projects. For instance, BYME Engineering has provided its services to data center projects such as Digital Realty Data Center Phase 3 (HKG10) and Digital Savvis HKG10 Data Center (Phase 2).
4. Prominent data center operators include SUNeVision Holdings (iAdvantage), AirTrunk, Digital Realty, Equinix, DayOne (GDS Services), Global Switch, Goodman, iTech Tower Data Centre Services, and Vantage Data Centers. New entrants, such as Chinachem Group, ESR, TPG Angelo Gordon, and Mapletree, are making substantial investments in the region.
5. In addition, the country’s market has witnessed the emergence of several new players over the past few years. Notable entrants include Chinachem Group, ESR, TPG Angelo Gordon, and Mapletree Investments.

EXISTING VS. UPCOMING DATA CENTERS

1. Existing Facilities in the region (Area and Power Capacity)
2. Tseung Kwan O
3. Other States
4. List of Upcoming Facilities in the region (Area and Power Capacity)
5. Tseung Kwan O
6. Other States

REPORT COVERAGE:

This report analyses the Hong Kong data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, cooling systems, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

1. IT Infrastructure
2. Server Infrastructure
3. Storage Infrastructure
4. Network Infrastructure
5. Electrical Infrastructure
6. UPS Systems
7. Generators
8. Switches & Switchgears
9. PDUs
10. Other Electrical Infrastructure
11. Mechanical Infrastructure
12. Cooling Systems
13. Rack Cabinets
14. Other Mechanical Infrastructure
15. Cooling Systems
16. CRAC and CRAH
17. Chillers
18. Cooling Towers, Condensers and Dry Coolers
19. Other Cooling Units
20. General Construction
21. Core & Shell Development
22. Installation & commissioning Services
23. Building & Engineering Design
24. Fire Detection & Suppression Systems
25. Physical Security
26. Data Center Infrastructure Management (DCIM)
27. Tier Standard
28. Tier I & Tier II
29. Tier III
30. Tier IV

VENDOR LANDSCAPE

1. IT INFRASTRUCTURE PROVIDERS: Arista Networks, Atos, Cisco, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, IBM, Inspur, Lenovo, and NetApp.
2. DATA CENTER CONSTRUCTION CONTRACTORS & SUB-CONTRACTORS: Arup, AtkinsRealis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, and Studio One Design.
3. SUPPORT INFRASTRUCTURE PROVIDERS: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, Rehlko (Kohler), Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, and Vertiv.
4. DATA CENTER INVESTORS: AirTrunk, BDx Data Centers, CITIC Telecom International, China Mobile International, China Unicom, Digital Realty, Equinix, DayOne, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings, Telehouse, Towngas Telecom, and Vantage Data Centers.
5. NEW ENTRANTS: ESR, TPG Angelo Gordon and Mapletree.