Thailand Data Center Market - Investment Analysis & Growth Opportunities 2024-2029

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11 tables

16 charts

1 region

1 countries

56 company

6 segments

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THE THAILAND DATA CENTER MARKET SIZE WAS VALUED AT USD 790 MILLION IN 2023 AND IS EXPECTED TO REACH USD 1.19 BILLION BY 2029, GROWING AT A CAGR OF 7.14% DURING THE FORECAST PERIOD

The Thailand Data Center Market Report Includes Size in Terms of

  • IT Infrastructure: Servers, Storage Systems, and Network Infrastructure
  • Electrical Infrastructure: UPS Systems, Generators, Transfer Switches & Switchgears, PDUs, and Other Electrical Infrastructure
  • Mechanical Infrastructure: Cooling Systems, Rack Cabinets, and Other Mechanical Infrastructure
  • Cooling Systems: CRAC & CRAH Units, Chiller Units, Cooling Towers, Condensers & Dry Coolers, and Other Cooling Units
  • General Construction: Core & Shell Development, Installation & Commissioning Services, Engineering & Building Design, Fire Detection & Suppression Systems, Physical Security, and DCIM
  • Tier Standard: Tier I & Tier II, Tier III, and Tier IV

Get Insights on 32 Existing Data Centers and 07 Upcoming Facilities across Thailand

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THAILAND DATA CENTER MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (INVESTMENT)USD 1.19 Billion (2029)
MARKET SIZE (AREA)170 thousand sq. Feet (2029)
MARKET SIZE (POWER CAPACITY)35 MW (2029)
CAGR INVESTMENT (2023-2029)7.14%
COLOCATION MARKET SIZE (REVENUE)USD 335 Million (2029)
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
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MARKET OUTLOOK

The Thailand data center market will witness investments of USD 1.19 billion by 2029, growing at a CAGR of 7.14% during the forecast period. Thailand is moving toward the vision of a digital-first, AI-powered nation. The Thai government signed a new Memorandum of Understanding (MoU) with Microsoft to develop Thailand as a key hub for AI in the APAC region by establishing an AI Centre of Excellence.

The Thailand data center market is growing as a potential colocation powerhouse with a surge in data center investments from existing and new colocation operators. Further, government initiatives supporting the digital economy, including passing a bill to exempt data centers from VAT and growing reliance on technology, will likely contribute immensely to the market expansion. Also, CtrlS Datacenters, the new company, partnered with National Telecom Public Company Limited (NT) to establish a new data center campus in Chonburi. The new campus will be linked to several NT cable landing stations (CLS) and will include the development of a new teleport on-site. 

The Thailand data center market has experienced significant growth in recent years, driven by increasing demand for digital services, cloud computing, and expanding internet connectivity. With a growing economy and a focus on technological advancement, the region has become a prominent hub for data center investment. Furthermore, the increasing investment in renewable energy, from solar to power data centers, is a major attraction for companies in the Thailand data center market. For instance, Etix Everywhere’s data center, named Etix Bangkok's #1 facility, has installed solar panels on the roof with a capacity of 830 kWp.

KEY HIGHLIGHTS

  • Thailand has around 32 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards. The Thailand data center market has some local and global operators such as NTT DATA, True IDC, Internet Thailand, SUPERNAP Thailand, ST Telemedia Global Data Centres, and others.  
  • The adoption of cloud-based services in the country is growing due to major cloud service providers' establishment of cloud regions. While Alibaba Cloud, Tencent Cloud, and Huawei Cloud have their presence in Thailand, Amazon Web Services (AWS), Microsoft, and Google plan to establish their dedicated cloud regions in the country.
  • In Thailand, telecom operators are AIS, Dtac, True Corporation, Interlink Telecom (Itel), and others. For instance, Interlink Telecom (Itel) plans to invest USD 20 million in its data center by partnering with Etix Everywhere.
  • Increasing investments in prime locations such as Bangkok will increase land prices, which may cause operators to shift their focus to emerging locations such as Chon Buri and others during the forecast period.
  • The hyperscale self-built investment by Microsoft, Google, and AWS will likely increase in the Thailand data center market during the forecast period.

WHY SHOULD YOU BUY THIS RESEARCH?

  • Market size is available in terms of investment, area, power capacity, and Thailand colocation market revenue.
  • An assessment of the data center investment in Thailand by colocation, hyperscale, and enterprise operators.
  • Investments in the area (square feet) and power capacity (MW) across cities in the country.
  • A detailed study of the existing Thailand data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.
  • Snapshot of existing and upcoming third-party data center facilities in Thailand
    • Facilities Covered (Existing): 32
    • Facilities Identified (Upcoming): 07
    • Coverage: 5+ Cities
    • Existing vs. Upcoming (Area)
    • Existing vs. Upcoming (IT Load Capacity)
  • Data Center Colocation Market in the Thailand
    • Colocation Market Revenue & Forecast (2023-2029)
    • Wholesale vs. Retail Colocation Revenue (2023-2029)
    • Retail Colocation Pricing
    • Wholesale Colocation Pricing
  • The Thailand data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  • This is a comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and market prospects.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
  • A transparent research methodology and the analysis of the demand and supply aspects of the market.

VENDOR LANDSCAPE

  • Some of the key investors in the Thailand data center market are AIS Business (CSL), Chindata Group, Etix Everywhere, Internet Thailand (INET), NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, SUPERNAP Thailand, True IDC, Telehouse, WHA Group and others.
  • Several global companies are entering the Thailand data center market and expanding their presence by offering colocation services. For instance, in May 2023, KDDI (Telehouse) opened its first data center in Bangkok, Thailand, with an investment of around USD 74 million.
  • In November 2023, Amazon Web Services (AWS), Google, and Microsoft planned to spend USD 8.46 billion in Thailand to enhance and expand their data center infrastructure. Amazon Web Services (AWS) intends to build a data center in the region, with an investment of USD 5 billion spread over 15 years.
  • True IDC has announced its plan to invest around USD 28 million to expand its data center and cloud business in the country. From 2024 to 2027, the company will expand the campuses of True IDC East Bangna and True IDC North Muangthong data centers.
  • The colocation operators partner with local real estate or conglomerate companies to enter the Thailand data center market; for instance, Evolution Data Centres partnered with Central Pattana PCL, a Thai property developer, to build a new data center in Bangkok.

EXISTING VS. UPCOMING DATA CENTERS

  • Existing Facilities in the Region (Area and Power Capacity)
    • Bangkok
    • Other Cities
  • List of Upcoming Facilities in the Region (Area and Power Capacity)
    • Bangkok
    • Other Cities

REPORT COVERAGE:

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

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • Transfer Switches & Switchgears
    • PDUs
    • Other Electrical Infrastructure
  • Mechanical Infrastructure
    • Cooling Systems
    • Rack Cabinets
    • Other Mechanical Infrastructure
  • Cooling Systems
    • CRAC & CRAH Units
    • Chiller Units
    • Cooling Towers, Condensers & Dry Coolers
    • Other Cooling Units
  • General Construction
    • Core & Shell Development
    • Installation & Commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression Systems
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV

VENDOR LANDSCAPE

  • IT Infrastructure Providers: Arista Networks, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
  • Data Center Construction Contractors & Sub-Contractors: Arup, Architects 49, Chaan, Finishing Touch Design Studio, Meinhardt Group, Plan Architect, PPS Group, QTCG.
  • Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Cyber Power Systems, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, STULZ, Siemens, Vertiv.
  • Data Center Investors: AIS Business (CSL), Alibaba Cloud, Chindata Group, Edge Centres, Etix Everywhere, Internet Thailand (INET), NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, SUPERNAP Thailand, Tencent Cloud, True IDC, Telehouse, WHA Group.
  • New Entrants: Amazon Web Services, AIS-Singtel & Gulf Energy, CtrlS Datacenters, Evolution Data Centres, Google.

Frequently Asked Questions

How big is the Thailand data center market?

Thailand data center market will witness investments of USD 1.19 billion by 2029.

How many existing and upcoming data center facilities exist in Thailand?

Thailand has around 32 existing and seven upcoming data center facilities.

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

The Thailand data center market is projected to grow at a CAGR of 7.14% during the forecast period.

How many MW of power capacity will be added across Thailand during 2024 to 2029?

Over 180 MW of power capacity will be added across Thailand during 2024 to 2029.

What factors are driving the Thailand data center market?

Adopting cloud infrastructure, inland cable and fiber connectivity growth, and rising recognition of big data & IoT will drive the Thailand data center industry.

Who are the key investors in the Thailand data center market?

The key investors in the Thailand data center market are Etix Everywhere, NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, True IDC, CtrlS Datacenters, Evolution Data Centres, and others.

The Thailand data center market size is projected to reach USD 1.19 billion by 2029, growing at a CAGR of 7.14% from 2023 to 2029.

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

  • Improvement in Inland and Submarine Connectivity
  • Increasing Adoption  of Cloud Services
  • Big Data & IoT Technology Driving Data Center Investments

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the Thailand data center market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market. 

The report includes the investment in the following areas:

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • Transfer Switches & Switchgears
    • PDUs
    • Other Electrical Infrastructure
  • Mechanical Infrastructure
    • Cooling Systems
    • Rack Cabinets
    • Other Mechanical Infrastructure
  • Cooling Systems
    • CRAC & CRAH Units
    • Chiller Units
    • Cooling Towers, Condensers & Dry Coolers
    • Other Cooling Units
  • General Construction
    • Core & Shell Development
    • Installation & Commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression Systems
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV

VENDOR LANDSCAPE

IT Infrastructure Providers

  • Arista Networks
  • Atos
  • Cisco Systems
  • Dell Technologies
  • Fujitsu
  • Hewlett Packard Enterprise
  • Huawei Technologies
  • IBM
  • Inspur
  • Lenovo
  • NetApp

Data Center Construction Contractors & Sub-Contractors

  • Arup
  • Architects 49
  • Chaan
  • Finishing Touch Design Studio
  • Meinhardt Group
  • Plan Architect
  • PPS Group
  • QTCG

Support Infrastructure Providers

  • ABB
  • Airedale
  • Caterpillar
  • Cummins
  • Cyber Power Systems
  • Delta Electronics
  • Eaton
  • Fuji Electric
  • HITEC Power Protection
  • KOHLER
  • Legrand
  • Mitsubishi Electric
  • Piller Power Systems
  • Rittal
  • Schneider Electric
  • STULZ
  • Siemens
  • Vertiv

Data Center Investors

  • AIS Business (CSL)
  • Alibaba Cloud
  • Chindata Group
  • Edge Centres
  • Etix Everywhere
  • Internet Thailand (INET)
  • NTT DATA
  • OneAsia Network
  • ST Telemedia Global Data Centres
  • SUPERNAP Thailand
  • Tencent Cloud
  • True IDC
  • Telehouse
  • WHA Group

New Entrants

  • Amazon Web Services
  • AIS-Singtel & Gulf Energy
  • CtrlS Datacenters
  • Evolution Data Centres
  • Google

Exhibit 1             Third-Party Data Centers Snapshot

Exhibit 2             Third-Party Data Center Snapshot by Cities

Exhibit 3             Area Developed by Cities (Thousand Square Feet)

Exhibit 4             Power Capacity by Cities (MW)

Exhibit 5             Data Center Market Size & Forecast by Investment ($ Million)

Exhibit 6             Data Center Market Size & Forecast by Area 2022−2028  (Thousand Square Feet)

Exhibit 7             Market Size & Forecast by Power Capacity 2022−2028  (MW)

Exhibit 8             Data Center Colocation Service Revenue: Market Size & Forecast by 2022−2028  ($ Million)

Exhibit 9             Retail vs. Wholesale Colocation Revenue: Market Size & Forecast by 2022−2028  ($ Million)

Exhibit 10           Retail & Wholesale Colocation Pricing 2022

Exhibit 11           Market Size & Forecast by IT Infrastructure 2022−2028  ($ Million)

Exhibit 12           Market Size & Forecast by Electrical Infrastructure 2022−2028  ($ Million)

Exhibit 13           Market Size & Forecast by Mechanical Infrastructure 2022−2028  ($ Million)

Exhibit 14           Market Size & Forecast by Cooling Systems 2022−2028  ($ Million)

Exhibit 15           Market Size & Forecast by General Construction 2022−2028  ($ Million)

Exhibit 16           Market Size & Forecast by Tier Standards 2022−2028  ($ Million)

 

List of Tables

Table 1               List of Upcoming Data Center Projects

Table 2               Data Center Site Selection Criteria

Table 3               Overall Market Size & Forecast 2022−2028

Table 4               Market Size & Forecast by Colocation Service Type ($ Million)

Table 5               Market Size & Forecast by Infrastructure 2022−2028  ($ Million)

Table 6               Market Size & Forecast by IT Infrastructure 2022−2028  ($ Million)

Table 7               Market Size & Forecast by Electrical Infrastructure 2022−2028  ($ Million)

Table 8               Market Size & Forecast by Mechanical Infrastructure 2022−2028  ($ Million)

Table 9               Market Size & Forecast by Cooling Systems 2022−2028  ($ Million)

Table 10             Market Size & Forecast by General Construction 2022−2028  ($ Million)

Table 11             Investment Market Size & Forecast by Tier Standards 2022−2028  ($ Million)

Chapter 1 : Existing & Upcoming Third-Party Data Centers In Thailand

  • Historical Market Scenario
  • 30+ Unique Data Center Properties
  • Data Center IT Load Capacity
  • Data Center White Floor Area Space
  • Existing Vs Upcoming Data Center Capacity by Cities
  • Cities Covered
    • Bangkok
  • Other Cities
  • List of Upcoming Data Center Facilities

Chapter 2: Investment Opportunities In Thailand

  • Microeconomic and Macroeconomic factors of the Thailand Market
  • Data Center Investments
  • Investment by Area
  • Investment by Power Capacity

Chapter 3: Data Center Colocation Market In Thailand

  • Colocation Services Market in Thailand
  • Data Center Demand across Industries in the Thailand
  • Retail vs Wholesale Data Center Colocation
  • Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & Add-ons

Chapter 4: Market Dynamics

  • Market Drivers
  • Market Trends
  • Market Restraints

Chapter 5: Market Segmentation

  • IT Infrastructure: Market Size & Forecast
  • Electrical Infrastructure: Market Size & Forecast
  • Mechanical Infrastructure: Market Size & Forecast
  • General Construction Services: Market Size & Forecast

Chapter 6: Tier Standard Investment

  • Tier I & II
  • Tier III
  • Tier IV

Chapter 7: Key Market Participants

  • IT Infrastructure Providers
  • Construction Contractors
  • Support Infrastructure Providers
  • Data Center Investors
  • New Entrants

Chapter 8: Appendix

  • Market Derivation
  • Quantitative Summary 

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Frequently Asked Questions

How big is the Thailand data center market?

Thailand data center market will witness investments of USD 1.19 billion by 2029.

How many existing and upcoming data center facilities exist in Thailand?

Thailand has around 32 existing and seven upcoming data center facilities.

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

The Thailand data center market is projected to grow at a CAGR of 7.14% during the forecast period.

How many MW of power capacity will be added across Thailand during 2024 to 2029?

Over 180 MW of power capacity will be added across Thailand during 2024 to 2029.

What factors are driving the Thailand data center market?

Adopting cloud infrastructure, inland cable and fiber connectivity growth, and rising recognition of big data & IoT will drive the Thailand data center industry.

Who are the key investors in the Thailand data center market?

The key investors in the Thailand data center market are Etix Everywhere, NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, True IDC, CtrlS Datacenters, Evolution Data Centres, and others.