Singapore Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

THE SINGAPORE DATA CENTER MARKET SIZE WAS VALUED AT USD 4.16 BILLION IN 2024 AND IS EXPECTED TO REACH USD 5.59 BILLION BY 2030, GROWING AT A CAGR OF 5.05% DURING THE FORECAST PERIOD

Singapore Data Center Market Report

Singapore Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

112 pages

12 tables

21 charts

1 region

01 countries

64 company

06 segments

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THE SINGAPORE DATA CENTER MARKET SIZE WAS VALUED AT USD 4.16 BILLION IN 2024 AND IS EXPECTED TO REACH USD 5.59 BILLION BY 2030, GROWING AT A CAGR OF 5.05% DURING THE FORECAST PERIOD

The Singapore Data Center Market Report Includes Size in Terms of

  1. IT Infrastructure: Server Infrastructure, Storage Infrastructure, and Network Infrastructure
  2. Electrical Infrastructure: UPS Systems, Generators, Transfer Switches & Switchgear, PDUs, and Other Electrical Infrastructure
  3. Mechanical Infrastructure: Cooling Systems, Racks, and Other Mechanical Infrastructure
  4. Cooling Systems: CRAC and CRAH Units, Chillers Units, Cooling Towers, Condensers, and Dry Coolers, and Other Cooling Units
  5. General Construction: Core & Shell Development, Installation & Commissioning Services, Building & Engineering Design, Fire Detection & Suppression Systems, Physical Security, and DCIM
  6. Tier Standard: Tier I & Tier II, Tier III, and Tier IV 

Get Insights on 44 Existing Data Centers and 05 Upcoming Facilities across Singapore

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SINGAPORE DATA CENTER MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (INVESTMENT)USD 5.59 Billion (2030)
MARKET SIZE (AREA)391 thousand sq. feet (2030)
MARKET SIZE (POWER CAPACITY)78 MW (2030)
CAGR - INVESTMENT (2024-2030)5.05%
COLOCATION MARKET SIZE (REVENUE)USD 3.02 Billion (2030)
HISTORIC YEAR2021-2023
BASE YEAR2024
FORECAST YEAR2025-2030
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SINGAPORE DATA CENTER MARKET SIZE

The Singapore data center market size was valued at USD 3.13 billion in 2024 and is expected to reach USD 5.59 billion by 2030, growing at a CAGR of 5.05% during the forecast period. Singapore boasts strong international connectivity (including international submarine cables), robust legal and intellectual property protections, supportive cross-border data flow policies, and a highly skilled tech talent workforce that serves international markets. However, land scarcity continues to hinder the growth of the Singapore data center market, particularly with the increasing demand driven by AI deployments. Singapore is one of the major markets in Southeast Asia, having an investment share of around 18.6% in the Southeast Asia data center market in 2024.

Johor-Singapore Special Economic Zone (JSSEZ) was launched in January 2025 as a promising destination for data center investment in Malaysia and Singapore. The region is located close to Singapore, which benefits companies aiming to expand their digital operations. Furthermore, the industrial electricity price is higher in Singapore (20 cents per kWh), compared with its counterparts in Southeast Asia, such as Vietnam and Malaysia. To overcome the limitations associated with high energy prices, operators are tapping into renewable sources. Moreover, in 2024, the cost of developing a data center in Singapore was around $150 - $300 per square feet, which is way higher than other destinations in APAC, such as China, South Korea, and Japan.

Singapore Data Center Market - Investment Analysis & Growth Opportunities 2025-2030


KEY HIGHLIGHTS

  1. Singapore is a key hub for digital infrastructure in the Asia Pacific region, due to its favorable regulatory regime, stable political setup, and comparatively low taxes. Though the country is very small in size, having only 278 square miles of area, the government policies have led to the establishment of more than 70 data centers in the country to date.
  2. The government is making efforts to provide up to 300 MW of data center capacity in the future, which is likely to be fully committed before construction begins, given the consistently high demand for operating data centers in Singapore. The initial 80 MW allocation is expected to add capacity between 2026 and 2028.
  3. The Singapore data center market has started witnessing growth in the market after lifting the ban on data center construction. Equinix, Microsoft, GDS Services, and AirTrunk were among the key operators receiving approvals from the government for data centers.
  4. In August 2024, Princeton Digital Group announced the acquisition of Yahoo’s Singapore data center. The facility’s total area was 5,400 square meters.
  5. As per the e-Conomy SEA 2024 report, Singapore ranks among the top countries in the world in terms of AI-related online searches. This reflects the presence of a large, young, and digitally native population that is readily embracing AI-powered solutions. The evolution of new reasoning AI models and the potential shortage in the supply of AI-ready data centers are further boosting the Singapore data center market.
  6. Since 2018, 80 of the world’s top 100 tech companies have established a presence in Singapore, including tech giants like Google, IBM, and Microsoft. Since the COVID-19 pandemic, new-age tech companies such as Zoom, PayPal, Tencent, and Alibaba have established their operations in the country.
  7. Data centers in Singapore entail high upfront costs, power tariffs, and operational and maintenance-related costs, which have made them a capital-intensive investment. Resultantly, collaborations between institutional investors and data center operators to accelerate data center expansion are increasing.
  8. The telecom sector accounted for around 12% of the colocation demand in 2024 in Singapore. In 2024, the colocation demand from the BFSI sector was around 11%. The share is likely to decline to around 8% by 2029, owing to the increased cloud migrations and hence, the cloud & IT sector’s rising market share.

WHY SHOULD YOU BUY THIS RESEARCH?

  1. Market size available in the investment, area, power capacity, and colocation market revenue.
  2. Data center investments in the area (thousand square feet) and power capacity (MW) across cities in the country.
  3. A detailed study of the existing Singapore data center market landscape, an in-depth market analysis, and insightful predictions about the Singapore data center market size during the forecast period.
  4. Snapshot of existing and upcoming third-party data center facilities in Singapore
  5. Facilities Covered (Existing): 44
  6. Facilities Identified (Upcoming): 05
  7. Coverage: 4 Locations
  8. Existing vs. Upcoming (Data Center Area)
  9. Existing vs. Upcoming (IT Load Capacity)
  10. Data center colocation market in Singapore
  11. Colocation Market Revenue & Forecast (2021-2030)
  12. Wholesale vs. Retail Colocation Revenue (2021-2030)
  13. Retail Colocation Pricing
  14. Wholesale Colocation Pricing
  15. The Singapore data center landscape market investments are classified into IT, electrical, mechanical, 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 market.
  18. A transparent research methodology and the analysis of the demand and supply aspects of the market.

SINGAPORE DATA CENTER MARKET VENDOR LANDSCAPE

  1. The Singapore data center market has the presence of several local and global data center operators, such as AWS, Microsoft, Meta, Equinix, ST Telemedia, Keppel, Singtel, Princeton Digital Group, Google, and others.
  2. The growing adoption of AI is prompting operators to redesign their facilities with liquid cooling systems, enabling customers to support AI workloads. Additionally, as part of sustainability initiatives, the use of HVO (hydrotreated vegetable oil) generators is expected to increase in the Singapore data center market during the forecast period.
  3. With the rise in sea levels and the premium growth of space on land, some companies are exploring the concept of floating data centers in the Singapore data center market. For instance, Keppel Data Centres’ Floating Data Center Park (FDCP) project alleviates land, water, and energy constraints of traditional data centers. The facility harnesses seawater for cooling, thereby increasing cooling efficiency by up to 80%.
  4. The Singapore data center market has started witnessing growth in the market after the government lifted the ban on data center construction in 2022. Equinix, Microsoft, GDS Services, and AirTrunk were among the key operators receiving approvals from the government for data centers.
  5. The key local colocation operators in the Singapore data center market include companies such as Keppel Data Centres, ST Telemedia Global Data Centres, Equinix, Digital Realty, StarHub, NeutraDC, Singtel, and NTT Global Data Centers, among others. As of December 2024, Singapore has the lowest colocation vacancy rate of around 1.4% in APAC, which is likely to be the same throughout the forecast period.

REPORT COVERAGE:

This report analyses the Singapore 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. Transfer Switches & Switchgear
  9. PDUs
  10. Other Electrical Infrastructure
  11. Mechanical Infrastructure
  12. Cooling Systems
  13. Racks
  14. Other Mechanical Infrastructure
  15. Cooling Systems
  16. CRAC and CRAH Units
  17. Chillers Units
  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. DCIM
  27. Tier Standard
  28. Tier I & Tier II
  29. Tier III
  30. Tier IV 

VENDOR LANDSCAPE

  1. IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, Inspur, Lenovo, MiTAC Holdings, Quanta Cloud Technology, Wiwynn, and NetApp.
  2. Data Center Construction Contractors & Sub-Contractors: AECOM, Arup, Aurecon, AtkinsRéalis, AWP Architects, Cundall, DSCO Group, Fortis Construction, Gammon Construction, Kienta Engineering Construction, LSK Engineering, Larsen & Toubro, NTT Facilities, PM Group, and Sato Kogyo.
  3. Support Infrastructure Providers: ABB, Airdale Air Conditioning, Bosch Security Systems, Caterpillar, Cummins, Eaton, Fuji Electric, HITEC Power Protection, Kohler, Legrand, Mitsubishi Electric, Nortek Data Center Cooling (DCC), Piller Power Systems, Rittal, Rolls-Royce, Schneider Electric, STULZ, and Vertiv.
  4. Data Center Investors: AirTrunk, Amazon Web Services, China Mobile, Digital Realty, Empyrion Digital, Equinix, Google, Global Switch, Iron Mountain, Keppel Data Centres, Meta, Microsoft, NTT DATA, Princeton Digital Group, Singtel, ST Telemedia Global Data Centres, and Telin Singapore.

SNAPSHOT

The Singapore data center market size is projected to reach USD 5.59 billion by 2030, growing at a CAGR of 5.05% from 2024 to 2030.

The following factors are likely to contribute to the growth of the Singapore data center market during the forecast period:

  1. Reliable Infrastructure and The Extensive Subsea Cable Network
  2. Transparent and Business-friendly Regulations
  3. Increased Adoption of AI and IoT Technology in Singapore
  4. E-commerce Growth

Base Year: 2024

Forecast Year: 2025-2030

The report considers the present scenario of the Singapore data center market and its market dynamics for 2025-2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the industry. 

The report includes the investment in the following areas:

  1. IT Infrastructure
  2. Server Infrastructure
  3. Storage Infrastructure
  4. Network Infrastructure
  5. Electrical Infrastructure
  6. UPS Systems
  7. Generators
  8. Transfer Switches & Switchgear
  9. PDUs
  10. Other Electrical Infrastructure
  11. Mechanical Infrastructure
  12. Cooling Systems
  13. Racks
  14. Other Mechanical Infrastructure
  15. Cooling Systems
  16. CRAC and CRAH Units
  17. Chillers Units
  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

IT Infrastructure Providers

  1. Arista Networks
  2. Atos
  3. Broadcom
  4. Cisco Systems
  5. Dell Technologies
  6. Hewlett Packard Enterprise
  7. Huawei Technologies
  8. IBM
  9. Inspur
  10. Lenovo
  11. MiTAC Holdings
  12. Quanta Cloud Technology
  13. Wiwynn
  14. NetApp

Data Center Construction Contractors & Sub-Contractors

  1. AECOM
  2. Arup
  3. Aurecon
  4. AtkinsRéalis
  5. AWP Architects
  6. Cundall
  7. DSCO Group
  8. Fortis Construction
  9. Gammon Construction
  10. Kienta Engineering Construction
  11. LSK Engineering
  12. Larsen & Toubro
  13. NTT Facilities
  14. PM Group
  15. Sato Kogyo

Support Infrastructure Providers

  1. ABB
  2. Airdale Air Conditioning
  3. Bosch Security Systems
  4. Caterpillar
  5. Cummins
  6. Eaton
  7. Fuji Electric
  8. HITEC Power Protection
  9. Kohler
  10. Legrand
  11. Mitsubishi Electric
  12. Nortek Data Center Cooling (DCC)
  13. Piller Power Systems
  14. Rittal
  15. Rolls-Royce
  16. Schneider Electric
  17. STULZ
  18. Vertiv

Data Center Investors

  1. AirTrunk
  2. Amazon Web Services
  3. China Mobile
  4. Digital Realty
  5. Empyrion Digital
  6. Equinix
  7. Google
  8. Global Switch
  9. Iron Mountain
  10. Keppel Data Centres
  11. Meta
  12. Microsoft
  13. NTT DATA
  14. Princeton Digital Group
  15. Singtel
  16. ST Telemedia Global Data Centres
  17. Telin Singapore

SINGAPORE DATA CENTER MARKET FAQs

What is the growth rate of the Singapore data center market?

The Singapore data center market is projected to grow at a CAGR of 5.05% during the forecast period.

How big is the Singapore data center market?

The Singapore data center market will witness investments of USD 5.59 billion by 2030.

What factors are driving the Singapore data center market?

Reliable infrastructure, extensive subsea cable network, transparent & business-friendly regulations, increased adoption of AI and IoT technology, and e-commerce growth will drive Singapore’s data center market.

How much MW of power capacity will be added across Singapore during 2025-2030?

Around 452.0 MW of power capacity will be added across Singapore during 2025-2030.

LIST OF EXHIBITS


Exhibit 1: Singapore Data Center Market: Historical vs Present & Forecast

Exhibit 2: Singapore Data Center Market Snapshot

Exhibit 3: Existing and Upcoming Third-party Data Centers Investment in Singapore (Million Square Feet & MW)

Exhibit 4: Reciprocal Tariffs Imposed by the U.S. in Some of Key Countries

Exhibit 5: Tariffs Imposed on the U.S. Imports by Key Trade Partners

Exhibit 6: Singapore Data Center Market Investment: Market Size & Forecast ($ Million)

Exhibit 7: Singapore Data Center Market Area: Market Size & Forecast (Thousand Square Feet)

Exhibit 8: Singapore Data Center Market Power Capacity: Market Size & Forecast (MW)

Exhibit 9: Colocation Services Revenue in Singapore: Market Size & Forecast ($ Million)

Exhibit 10: Retail vs Wholesale Colocation Services Revenue in Singapore: Market Size & Forecast ($ Million)

Exhibit 11: Industry Market Share (%) of Colocation Services in Singapore

Exhibit 12: Retail vs Wholesale Colocation Pricing

Exhibit 13: Factors for the E-commerce Growth in Singapore

Exhibit 14: Advantages of Singapore for Data Center Establishment

Exhibit 15: Singapore Data Center Market by IT Infrastructure: Market Size & Forecast ($ Million)

Exhibit 16: Singapore Data Center Market by Electrical Infrastructure: Market Size & Forecast ($ Million) 45

Exhibit 17: Singapore Data Center Market by Mechanical Infrastructure: Market Size & Forecast ($ Million)

Exhibit 18: Singapore Data Center Market by Cooling Systems: Market Size & Forecast ($ Million)

Exhibit 19: Break Up of Data Center Construction Cost

Exhibit 20: Singapore Data Center Market by General Construction: Market Size & Forecast ($ Million)

Exhibit 21: Singapore Data Center Market by Tier Standards: Market Size & Forecast ($ Million)


LIST OF TABLES


Table 1: List of Key Upcoming Data Center Projects in Singapore

Table 2: List of Key Upcoming Submarine Cables

Table 3: Development on Sustainability in Data Centers in Singapore

Table 4: Singapore Data Center Market Size & Forecast (2021-2030)

Table 5: Singapore Data Center Colocation Service Revenue by Colocation Type ($ Million) (2021-2030)

Table 6: Singapore Data Center Market by Infrastructure ($ Million) (2021-2030)

Table 7: Singapore Data Center Market by IT Infrastructure ($ Million) (2021-2030)

Table 8: Singapore Data Center Market by Electrical Infrastructure ($ Million) (2021-2030)

Table 9: Singapore Data Center Market by Mechanical Infrastructure ($ Million) (2021-2030)

Table 10: Singapore Data Center Market by Cooling Systems ($ Million) (2021-2030)

Table 11: Singapore Data Center Market by General Construction ($ Million) (2021-2030)

Table 12: Singapore Data Center Market by Tier Standards ($ Million) (2021-2030)

1. EXISTING & UPCOMING THIRD-PARTY DATA CENTERS IN SINGAPORE

1.1. Historical Market Scenario

1.2. Data Center IT Load Capacity

1.3. Data Center White Floor Area Space

1.4. Existing Vs Upcoming Data Center Capacity by Region

1.5. List of Upcoming Projects

2. INVESTMENT OPPORTUNITIES IN SINGAPORE

2.1. Microeconomic & Macroeconomic Factors for Singapore Market

2.2. Impact of Ongoing Tariff War

2.3. Investment Opportunities in Singapore

2.4. Investment by Area

2.5. Investment by Power Capacity

3. DATA CENTER COLOCATION MARKET IN SINGAPORE

3.1. Colocation Services Market in the Singapore

3.2. Retail vs Wholesale Data Center Colocation

3.3. Colocation Pricing (Quarter Rack, Half Rack, & Full Rack) & Add-ons

4. MARKET DYNAMICS

4.1. Market Enablers

4.2. Market Trends

4.3. Market Restraints

5. MARKET SEGMENTATION

5.1. IT Infrastructure: Market Size & Forecast

5.2. Electrical Infrastructure: Market Size & Forecast

5.3. Mechanical Infrastructure: Market Size & Forecast

5.4. General Construction Services: Market Size & Forecast

6. TIER STANDARDS INVESTMENT

6.1. Tier I & II

6.2. Tier III

6.3. Tier IV

7. KEY MARKET PARTICIPANTS

7.1. IT Infrastructure Providers

7.2. Construction Contractors

7.3. Support Infrastructure Providers

7.4. Data Center Investors

8. APPENDIX

8.1. Market Derivation

8.2. Data Center Site Selection Criteria

8.3. Quantitative Summary

8.4. List of Abbreviations

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Frequently Asked Questions

What is the growth rate of the Singapore data center market?

The Singapore data center market is projected to grow at a CAGR of 5.05% during the forecast period.

How big is the Singapore data center market?

The Singapore data center market will witness investments of USD 5.59 billion by 2030.

What factors are driving the Singapore data center market?

Reliable infrastructure, extensive subsea cable network, transparent & business-friendly regulations, increased adoption of AI and IoT technology, and e-commerce growth will drive Singapore’s data center market.

How much MW of power capacity will be added across Singapore during 2025-2030?

Around 452.0 MW of power capacity will be added across Singapore during 2025-2030.