Northeast Asian countries including Shanghai, Tokyo, and Hong Kong have emerged as the leading data center markets in the Asia-Pacific (APAC) region, according to a report by Knight Frank.
According to a report by Knight Frank, Shanghai, Tokyo have emerged as the leading data center markets in the Asia-Pacific (APAC) region. The report, titled ‘Data Centre Q1 2023,’ was developed in collaboration with data center research and analytics platform DC Byte, focusing on nine rapidly growing markets in APAC: Hong Kong, Shanghai and Tokyo.
Knight Frank stated that Shanghai (2,692 MW), Tokyo (2,575 MW), and have taken the top spots in terms of data center market size in the APAC region. The report also highlighted that Shanghai, Tokyo and Hong Kong have a significant portion of their capacity in the live segment, indicating a higher level of operational data centers and strong demand.
Shanghai, Hong Kong and Tokyo are among the markets included in Knight Frank’s data center Q1 2023 quarterly report. Asia Pacific (APAC) experienced strong growth and these three regions contributed to this growth. The report mentioned that Tokyo will add more than 50MW of new installed capacity in the first quarter of 2023.
There is a lot of interest in primary market opportunities in Tokyo, with operators such as ST Telemedia and STACK Infrastructure having pipeline projects in the city. In February 2023, AirTrunk held a groundbreaking ceremony for the next phase of development at its TOK2 hyperscale campus. The report highlighted that market activity in Tokyo was driven by established players and newcomers such as Digital Edge.