Please Wait.....
Report
Hong Kong Data Center Construction - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 90 Pages I Mordor Intelligence
The Hong Kong Data Center Market size is projected to register a CAGR of 13.25% during the forecast period.
Key Highlights
-Under Construction IT Load Capacity: The upcoming IT load capacity of the Hong Kong data center construction market is expected to reach 1777.91 MW by 2029.
-Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 6.3 million sq.ft. by 2029.
-Planned Racks: The country's total number of racks to be installed is expected to reach 318247 units by 2029. Tseung Kwan O-Hong Kong is expected to house the maximum number of racks by 2029.
-Planned Submarine Cables: There are close to 12 submarine cable systems connecting Hong Kong, and many are under construction. One such submarine cable that is estimated to start service in 2025 is Asia Cable Link AC, which stretches over 6000 Kilometers with landing points from Hong Kong to China.
Hong Kong Data Center Construction Market Trends
IT and Telcom Segment is Expected to Gain Significant Market Share
- The demand for the telecom segment is expected to increase with the increase in the number of smartphone users in Hong Kong. According to the Census and Statistics Department of Hong Kong, the smartphone penetration rate between April 2021 to July 2021 was 92.9%, which indicates an increased number of users.
- The number of people using the internet in China was 5.07 million in 2012, which is expected to increase to 7.05 million by 2029. The average time spent by users in Hong Kong on smartphones is estimated to be around 3 hours and 31 minutes. The growing number of smartphone users in Hong Kong is expected to propel the growth of the telecom segment in the country.
- Further, the government of Hong Kong is adopting a multi-pronged approach in facilitating the development and application of the 5G network and plans to launch 5G services very soon. The low latency rate of 5G technology would likely drive the demand for cloud storage, real-time data accessing, and streaming. Data centers would likely not only expand but also need upgrades amid this network transformation.
- Moreover, in 2022, there were five dominating mobile network operators active in Hong Kong. The five operators were: China Mobile Hong Kong Company Limited, Hong Kong Telecommunications Limited, Hutchison Telephone Company Limited, SmarTone Mobile Communications Limited, and CSL Mobile Limited. These players have been constant, and with the rising population, the dependency of these operators on data centers has increased, resulting in increased construction of data centers in the country.
Tseung Kwan O is the most preferred hotspot in Hong Kong
- Tseung Kwan O is the most preferred hotspot in Hong Kong, which is expected to increase from an IT load capacity of 228.9 MW in 2022 to 476.9 MW by 2029 at a CAGR of 8.6%. The hotspot has gained traction due to numerous smart city projects, growing IT businesses, and a rising number of users using digitized applications for streaming content, playing online games, and others.
- Owing to the above-mentioned factors, companies that provide better services to consumers have increased their rack capacities, thus increasing the IT load consumption of hotspots.
- Chai Wan is an industrial region, and automation in the industry is expected to trigger the demand for data centers in the country.
- Due to the requirements made by the manufacturing industry and the IT industry, companies require high-end specification facilities such as tier 4 facilities. Owing to the growing business requirements, the Chai Wan market is expected to grow from 110.8 MW in 2023 to 293.8 MW by 2029 at a CAGR of 17.6%.
- Geographically, Wan Chai is the crossroads between the Central District, the Western District (West Point/Central), and the Eastern District (Causeway Bay/North Point). The boulevard connects major development areas along the north coast of Hong Kong Island. Transport infrastructure is efficient, comfortable, and easily accessible.
Hong Kong Data Center Construction Industry Overview
The Hong Kong data center construction market is consolidated with a few major players, which are Aurecon, BYME Engineering, Schneider Electric, Mitsubishi Electric, and Vertiv Group.
In June 2023, AirTrunk announced to establish a second data center in Hongkong to support the demand for digital infrastructure. The company aims to establish 15 MW and expects to operate by 2024. Such investments provide opportunities for the vendors studied in the market.
In August 2023, ESR secured a Sustainability-Linked Loan (SLL) of USD 250 million to develop a data center of 21.3 MW in Hong Kong. Such developments are providing opportunities for the vendors studied in the market.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumption & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Major Initiatives Undertaken by Governments to Promote Digital Economy and Connectivity Infrastructure
4.2.2 Rising Adoption of Hyperscale Data Centers
4.3 Market Restraints
4.3.1 Environmental, Cost, and Workforce-related Challenges
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5 Key Industry Statistics
5.1 Planned/Under Construction IT Load Capacity
5.2 Planned/Under Construction Raised Floor Space
5.3 Planned/Under Construction Submarine Cable
6 MARKET SEGMENTATION
6.1 Tier Type
6.1.1 Tier 1 and 2
6.1.2 Tier 3
6.1.3 Tier 4
6.2 Data Center Size
6.2.1 Small
6.2.2 Medium
6.2.3 Large
6.2.4 Mega
6.2.5 Massive
6.3 Infrastructure
6.3.1 Cooling Infrastructure
6.3.1.1 Air-based Cooling
6.3.1.2 Liquid-based Cooling
6.3.1.3 Evaporative Cooling
6.3.2 Power Infrastructure
6.3.2.1 UPS Systems
6.3.2.2 Generators
6.3.2.3 Power Distribution Unit (PDU)
6.3.3 Racks and Cabinets
6.3.4 Servers
6.3.5 Networking Equipment
6.3.6 Physical Security Infrastructure
6.3.7 Design and Consulting Services
6.3.8 Other Infrastructure
6.4 End-User
6.4.1 IT & Telecommunication
6.4.2 BFSI
6.4.3 Government
6.4.4 Healthcare
6.4.5 Other End User
7 COMPETITIVE LANDSCAPE
8 Company Profiles
8.1 Aurecon
8.2 Telkomsigma
8.3 NTT Communications Corporation
8.4 XL Axiata Tbk PT (Princeton Digital Group)
8.5 GTN Data Center
8.6 Arup Group
8.7 Lintasarta
8.8 Indosat Tbk PT
8.9 BYME Engineering
8.10 Mitsubishi Electric
8.11 Schneider Electric
8.12 PT. Faasri Utama Sakti
8.13 JupiterDC
8.14 Biznet Networks
8.15 Project Planning Service
8.16 Gulf Energy Development Public Company Limited
8.17 Space DC Pte Ltd
8.18 Vertiv Group
9 INVESTMENT ANALYSIS
10 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security