2025年全球数据中心指数报告_31页_13mb

2025 Global Data Centre Index Summary

Core Content

The 2025 Global Data Centre Index highlights the rapid growth of the global data centre market, driven by increasing demand for IT capacity, particularly from public cloud and AI. However, the sector is facing significant supply constraints, especially in power availability, which is limiting the ability to meet this demand.

Main Trends and Findings

• Global Demand Growth:

  • IT capacity demand has consistently outpaced supply growth over the past five years.
  • In 2024, global take-up reached 12,975MW, up 30% from 2023.
  • Public cloud accounts for 52% of known take-up, while AI constitutes only 11% but is growing rapidly at a rate of doubling annually since 2022.

• Supply Growth Dynamics:

  • Live Supply increased by 26GW from 2019 to 2024, with a 17.6% CAGR.
  • Under Construction (U/C) Supply grew by 50.3GW with a 31.4% CAGR.
  • Committed Supply increased by 37.0GW with a 37.0% CAGR.
  • Early Stage (ES) Supply grew by 86.1GW with a 90.5% CAGR.
  • Total Supply has seen significant expansion, but the growth is not evenly distributed across regions.

• Regional Breakdown:

  • Americas:
    • Dominates global data centre growth, accounting for 87% of total tracked capacity.
    • The US leads with 91% of new live supply in 2024.
    • Experiences a slowdown in U/C pipeline growth, with a 18.8% CAGR for live supply.
    • Growth is concentrated in both traditional and alternative markets, including tertiary locations like Iowa and Indiana.
    • Power constraints and permitting delays are major bottlenecks.
  • APAC:
    • Recorded the strongest CAGR in live supply at 19.3%.
    • Growth is driven by digital policies, cloud adoption, and the emergence of new markets like India and Malaysia.
    • The APAC region also sees strong Early Stage Supply growth, with 76% of the 22GW growth coming from India, Malaysia, Australia, Japan, and Thailand.
    • The region is less affected by rent inflation compared to the Americas and EMEA.
  • EMEA:
    • Experiences slower live supply growth at 13.3% CAGR.
    • Power constraints, limited land availability, and strict regulations are key challenges.
    • The Nordic region and the Gulf Cooperation Council (GCC) are notable growth areas, driven by renewable energy and supportive policies.

Key Insights

• Supply vs. Demand Imbalance:

  • Demand continues to outpace supply, with a 3,000-point increase in demand indexes compared to a 1,000-point increase in supply indexes in 2024.
  • Colocation rents have risen by over 30% in the US, EMEA, and Latin America, but remain stable in APAC.

• AI as a Demand Driver:

  • AI has become a major driver of demand, but its impact on the supply side is still limited, as dedicated AI deployments only account for 11% of known take-up.
  • The demand for AI is expected to continue growing, putting further pressure on the supply chain.

• Construction Bottlenecks:

  • The rate of new schemes commencing construction has slowed in the past 18 months, despite increased commitments.
  • Power constraints and permitting delays are major factors affecting the development timeline.

• Market Consolidation:

  • The high capital requirements and power limitations may lead to market consolidation, especially in the US.
  • Alternative power solutions and strategic land acquisition are being leveraged to overcome these challenges.

Key Definitions

• Live Supply: Operational IT power, whether let or not.
• Under Construction (U/C) Supply: IT power currently undergoing mechanical and electrical installation.
• Committed Supply: IT Load that is highly likely to be added to the market, with necessary elements secured.
• Pipeline Supply: Sum of Under Construction and Committed Supply.
• Qualified Supply: Sum of Live, U/C, and Committed Supply.
• Early Stage (ES) Supply: IT Load that has been announced or speculated but lacks all necessary elements for development.

Projections

• Americas Live Supply:

  • Projected to reach 53.8GW by 2029, with a lower estimate of 47.4GW.
  • Growth is expected to be driven by the need for AI and high-performance computing infrastructure.

• APAC Live Supply:

  • Projected to grow from 13.2GW in 2024 to 32.8GW in 2029, with a lower bound of 28.4GW.
  • AI is expected to drive further growth, though the impact is yet to be fully realized.

• EMEA Live Supply:

  • Expected to grow at a slower pace than the Americas and APAC, with continued challenges in power and land availability.

Conclusion

The global data centre sector is in a phase of rapid expansion, but supply constraints—particularly in power and land—are creating bottlenecks that may slow the pace of development. While demand remains robust, especially from public cloud and AI, the industry must innovate in sustainable and efficient power solutions to meet future needs. The Americas continues to lead in supply growth, but the sector is witnessing a shift towards alternative and emerging markets. The APAC and EMEA regions are also experiencing strong growth, albeit at a slower pace than the Americas. The coming years will likely see a more pronounced supply-demand gap, with potential for market consolidation and a greater focus on alternative power sources and strategic land acquisition.