2025年全球数据中心市场发展报告

GlobalDataCentre

Index2025GLOBALDATACENTRE

INDEXContentsForeword

03ExecutiveSummary

04Introduction&

Methodology05Key

Definitions

06Section

I:GlobalGrowth

07Section

II:

RegionalGrowth

12Regional

Live

Supply

Growth

13Regional

Pipeline

Supply

Growth

15Regional

Early

Stage

Supply

Growth

18Global

Live

Supply

Growth

Projections

20Section

III:Americas

Regional

Focus22RegionalSupplyGrowth

23Qualified

Supply

Projections

25AmericasGrowth

Index

262

©Copyright

DC

Byte

2025ForewordThe

2025editionofthe

Global

Data

Centre

Index,clearly

shows

three

key

trends—demandisstrongerthanever,

investorappetite

for

digital

infrastructure

is

increasing,

but

the

industry

facesaseriouschallenge

in

itsability

to

meet

both

current

and

future

demand.The

lack

ofavailable

powerforever

largerdata

centre

schemes

is

possibly

the

most

talked-

about

challenge

inthe

datacentresector.Thisyear,

our

research

provides

tangible

evidence

thata

lack

ofavailable

capacitywithinthegrid

has

started

to

have

an

impact

on

the

rateof

development.Our

datashowsthatanaccelerating

commitmentto

develop

new

data

centre

capacity

is

notcoincidingwithan

increase

in

projects

underconstruction.Thistrend,

first

observed

in

theAPAC

region

in

2023,

can

now

beseen

inthe

UnitedStates,wherea

hitherto

uninhibited

rate

of

increase

inconstruction

begantoflattenout

in

mid-2024.Theslowdown

inthe

rateofconstruction

commencing

is

in

complete

contrast

to

demand,with

recordglobaltake-up

increasing

by30%on

2023figures

for

a

total

of

12,975MW

across

bothcolocationandself-buildschemes.

Public

cloud

remains

the

largest

user

of

space

with52%of

knowntake-up.WhileAI

has

beendiscussed

as

a

major

driver

of

demand

for

digitalinfrastructure,dedicatedAIdeploymentonly

accountedfor

11%

of

take-up.

Demand

from

AI

take-up

is

however

increasing

rapidlyand

has

roughlydoubledeachyear

since

2022.Thereareseveral

possibleoutcomesforthe

sector.

Excess

demand

and

a

constrained

supplypipelinewill

intheshortterm

most

likely

leadto

continued

increases

in

colocation

rents

which

we

havealreadyobserved

in

EMEAandAmericas

regions,and

which

we

predict

will

also

follow

ontoAPAC

inthe

near

future.Aspecialthankstotheanalysts

of

DC

Bytewho

patiently

reviewed

seven-and-a-half

thousand

data

centreschemes

overthe

pastyearto

producethis

report.

I

hopeyou

find

it

as

informative

aswe

have.Ed

GalvinFounderand

Chief

Evangelist

3

©Copyright

DC

Byte

2025GLOBALDATACENTRE

INDEXExecutiveSummaryThefundamental

driver

ofthe

data

centresector,

demandfor

IT

capacity,

has

never

beenstronger.

Buttheverysuccess

of

theindustry

placesa

new

challengefor

its

participantstosolve

the

emergingsupply

challenge.Theabilityof

developersto

bringto

market

enough

supplyto

keep

pace

with

demand

is

showing

clearsignsofchallenge

in

our

latest

analysis.•Live

Supply

grew

by

26GW

from

2019

to

2024,

a

30%

increase

in

the

rate

of

growth

seenfrom2018to

2023.Since

2019,

new

capacity

delivered

each

year

has

increased

by

2.2x.•The

rateof

newschemescommencing

construction

between

2019

and

2024

has

increased

by4x,generallytrendingwiththe

increase

in

live

capacity.

In

the

past

18

months,

however,

growthofthe

Under

Construction

pipeline

hasslowed.•New

committed

schemes

in

2024,

have

increased

by

3.7x

since

2019

and

is

far

outpacingthegrowth

in

Liveand

Under

Constructioncapacity.That,

combinedwith

the

trends

in

the

Under

Construction

pipeline,

illustratesthecurrent

bottleneckthe

industry

isexperiencing

ineffortsto

bringfuture

capacity

to

market.Attheendof

2024,the

distribution

of

new

live

supply

growth

hasfavoured

the

United

Stateswith

62%of

IT

power

being

built

in

the

region

in

2024compared

to

50%in

2023.

Before

2023,

thedistributionof

new

ITcapacityacross

EMEA,APAC

andAmericas

regions

remained

broadlyproportional

at25%,25%and

50%

respectively.Onthedemandside,take-up

of

all

capacity

(both

self-build

and

colocation)jumped

by

29.8%

comparedto

2023andcontinuesan

unbroken

chain

ofyear-on-year

increases

since

2015.

The

abilityforthe

industrytoservicesuch

demand

is

becoming

strained,

with

space

increasinglysoldfurther

upthedevelopment

pipeline.•Sold

LiveSupply

has

increased

by

2.3xsince

2019whilethe

amount

of

capacity

sold

while

underconstruction

has

increased

by

2.8x.Spacesold

beforeconstruction

saw

the

steepest

growth,

increasing

byastaggering

33x.•Rents

have

consequently

increased

inthe

most

developed

marketsglobally,

but

has

not

surfacedasa

universaltrend,withAPACyet

to

be

fully

impacted

by

this.TheAmericas

remaintheglobal

leading

regiononall

accounts

of

supply,

with

87%

of

totaltrackedcapacitywithinthe

UnitedStates.The

market

now

witnesses

the

impact

of

generative

AIand

high-performancecomputingdemand

needs,stacked

on

the

continuing

surge

inhyperscaleandcloud

activity.•Supplychallenges—particularly

powerconstraints—inthe

primary

markets

across

North

Americaare

leadingtosignificantgrowth

informerly

alternative

markets.•Indexedgrowth

rates

pointto

standout

markets

includingAlberta,

Indiana

and

Bogota.Alberta’s

rapidgrowth

has

been

driven

largely

byasingle

largescale

project,

indicative

of

increasingoccurrencesofgigawatt

levelschemes

announced

globally.

4

©Copyright

DC

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2025GLOBALDATACENTRE

INDEXMethodologyDC

Byteadoptsa

bottom-up

approach

ingenerating

market-levelanalytics

builtfrom

coverageofeach

individualfacility.

A

unique

range

ofsourcesare

used,

ranging

fromsatelliteobservation

imageryto

parsingofficial

earnings

releasesand

public

planning

documents,speakingwithstakeholders,and

physicalonsite

inspections.All

datacollectedand

presented

inthis

publication

is

tothe

bestof

DC

Byte’s

knowledgeandexperience.TheGlobal

Indextracksgrowth

over

a

five-year

timeline

from

2019to

2024.

Supply

anddemandareanalysed

at

a

global

level,

along

withsupplygrowthacross

the

three

majorregions:Americas,APAC,and

EMEA.Thereportalso

includesafocused

analysis

oftheAmericas,featuringa

comparative

index

highlightinggrowthacross

key

markets,basedondata

captured

in

February

2025.IntroductionThe

Global

Index

providesdata-driven

insights

intothe

current

data

centre

market

landscape.

Thequantitativeand

qualitative

insights

areamassedfromtrackingover

7,500

individual

datacentres

acrossthe

globe.Section

Iexamines

howglobal

supply

anddemand

havegrownoverthe

past

five

years.Section

II

provides

insight

into

regionaldynamicsviaanalysesof

supply

categories

in

theAmericas,Asia

Pacific(APAC)and

Europe,

Middle

East,andAfrica

(EMEA).Section

III

isa

regionalfocuson

theAmericas,

withthe

region

notedasthe

global

leader

on

allaccounts

of

supply.Notes:*

Datafor

Mainland

China

is

referential,and

only

based

on

key

operators

inthe

major

metros.*

Coverageof

Russia

has

haltedsincethe

Russia-Ukrainewar.

New

developmentssince,

if

any,

will

not

have

been

captured

inthe

data.

5

©Copyright

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2025GLOBALDATACENTRE

INDEXKey

DefinitionsLiveSupplyDetermined

IT

powerthat

isoperational

whether

it

is

let

or

not.UnderConstruction(U/C)SupplyUnder

ConstructionSupply

istheestimated

IT

powerthat

iscurrently

havingthe

mechanical

andelectrical

plant

installedto

support

it.CommittedSupplyCommittedSupply

istheestimated

IT

Loadthatweare

highly

confidentwill

be

addedtoa

market’s

overallsupply.This

supply

hasthe

required

elements

(government,

land,power,

etc.)secured,

orwill

be

developed

by

an

operatorwithastrong

and

reliable

trackrecord.

CommittedSupplycouldtake

the

form

ofadata

centre

schemewhich

has

yet

to

start

construction,

or

it

may

refertoshellspace

inanexistingdata

centre.The

difference

being

thatshellspace

cantypically

be

fitted

outin

3-6

months,whileascheme

that

has

yet

tostartconstruction

might

take

1-2years.CommittedSupplydoes

not

mean

sold

space.PipelineSupplyPipelineSupply

isthe

sum

of

UnderConstructionandCommitted

Supply.QualifiedSupplyQualifiedSupply

isthesum

of

Live,

Under

Construction,andCommitted

Supply.EarlyStage(ES)SupplyEarlyStageSupply

isthe

IT

Load

that

has

been

announcedorspeculated,

but

hasyettosecure

all

ofthe

required

elements

(government,

land,

power,

etc.)for

development.We

do

not

hold

fullconfidence

inthe

development

potentialofthissupplyand

it

may

require

a

major

client

precommitmentfordevelopmenttotake

place.TotalSupplyTotalSupply

isthe

sum

of

allfour

supply

categories:

Live,

Under

Construction,Committed,and

EarlyStage

Supply.

6

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2025GLOBALDATACENTRE

INDEXSection

I:GlobalGrowth

7

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2025GLOBALDATACENTRE

INDEXTheexponentialgrowth

insupply

isspread

unevenly

across

the

categories

of

Live,

UnderConstructionand

Committed.

New

livesupply

has

doubled,

butthisgrowth

rate

isfar

higher

in

the

pipelinecategories.

Under

Constructioncapacity

has

increasedfourfoldwhile

committedschemes

have

increasedsevenfold.Thegap

in

pipelinecapacitygrowth

versus

new

live

capacity

growth

reflectsgrowingsupplyconstraints.

Moreover,the

acceleration

of

committed

projectsversusschemes

havingshovels

inthegroundfurther

underscores

these

challenges.

Lengthening

developmenttimelines

have

been

driven

by

permitting

delays,supply

chain

disruptionsand

land

and

powerconstraints.Global

data

centregrowth

hasscaled

new

heights

overthe

pastfive

years.While

data

centresupply

hasacceleratedsignificantly,

demand

has

outpacedthisgrowthat

every

stage

of

development.This

isthe

keyfindingofour

index

of

added

supply

and

demand

eachyear

from

2019

to

2024.2019

2020

2021

2022

2023

2024

Live

Under

ConstructionCommitted8006004002000Global

Supply

Index(2019

=

100)6904022248

©Copyright

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2025GLOBALDATACENTRE

INDEXIT

GWTheanalysis

of

demandshowsasimilar

picture

to

supply.

Whiledemandfor

live

capacity

has

doubled,

pre-lease

demand

hassurgedwith

pre-leased

under

construction

capacitygrowingthreefold,whilst

pre-leases

of

committed

capacity

havegrown

by

33times.Demandcontinuestooutpacesupply.

In

2024,

the

index

of

tracked

supply

showed

a

1,000point

increase,whereas

demand

indexes

rose

by

overthreetimesthe

rate,

increasing

by

3,000

points.This

reinforcesawideningsupply-demand

gap.Thestarkdifferentials

in

underconstructionand

committed

pre-leases

highlight

anotherindustrytrendof

leasestructures

indata

centre

operations

having

reshaped

over

theyears.Space

is

being

reservedfurther

inadvance,shiftingfromtraditional

anchor

tenancy

models

to

customercommitmentssignedwell

beforeconstruction

commences.This

consequentshift

in

demand

exceedingsupply

has

ledto

rent

inflation,

mostevident

in

the

UnitedStatesand

Europe,the

Middle

EastandAfrica

(EMEA).

Colocation

rents

in

these

regions

have

risen

by

over

30%

inthe

last

24

months,

driven

bytheacceleratedtake-upof

capacityrelativetothe

lower

rate

of

increase

in

capacity

coming

online.Thistrend

is

most

notable

inthe

most

developed

datacentre

marketsand

nottheAsia

Pacific

(APAC)

region,where

rent

inflation

has

remained

relativelystable,withthestronggrowth

of

Live

Supply

capacity

outpacing

that

of

theother

regions.Global

Demand

Index(2019

=100)2019

2020

2021

2022

2023

20243302284232

Live

Under

ConstructionCommitted9

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2025ITGW

(

Log10

)100GLOBALDATACENTRE

INDEX1000100Asthis

rapid

expansion

continues,

questions

of

oversupplyarising

from

potentiallyslowing

demand

have

emerged.

Ourtrendanalysis

on

demand—byaccount

ofvolumeand

increasinglyadvancedpre-leases—indicates

otherwise.

Onallaccounts,

demand

hasundoubtedly

exceededsupply,and

can

be

expectedto

continue

on

thistrajectorywithadded

demand

driversalongside

increasingsupply

bottlenecks.DiscussionsonAIasa

keydemand

driver

have

proliferated

industry

conversations,

followingthe

landmarkavailabilityof

ChatGPTtothegeneral

public

in

November

2022,

and

othergenerativeAI

platformssince.WhileAI

holdsthe

potentialtotip

the

scales

towards

being

the

dominantabsorberof

datacentrecapacity,

our

data

supports

that

it

is

still

in

the

infancy

stages

of

impactingglobal

datacentre

demand.2019

2020

2021

2022

2023

2024YearlyGrowthinGlobal

Leased

Capacity15105010

©Copyright

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Byte

2025GLOBALDATACENTRE

INDEXIT

GWOuranalysis

highlightsthat

public

cloud

continuestoserve

as

the

bedrock

of

data

centre

demand,

drivingapproximately

50%

ofcapacitytake-up

in

recentyears.

By

comparison,AI—whilegrowingrapidly—constituted

11%

of

the

known

take-up

use

cases

in

2024.Theaccelerating

paceof

pre-leaseactivity

pittedagainst

increasing

supply

bottlenecks

suggests

thatdemandwillcontinueto

outstrip

available

infrastructure.

Looking

ahead,the

industry’sbiggestchallengewill

be

innovation

insustainablesolutionsto

the

most

pressing

supply-sidechallenges—particularly

power

resourcingfor

mature

markets—to

deliver

capacityatthespeed

of

demand.

Others,

Financial

Institutions,PublicSectors,

MSP/SaaSetc.

AI

Social

Media

Public

Cloud100%75%50%25%0%2019

2020

2021

2022

20232024TopThree

UsesofGlobal

Demand39%11%50%31%11%6%52%37%6%8%49%33%12%55%41%9%50%45%3%11%41%11

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2025GLOBALDATACENTRE

INDEXIT

GW

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2025Section

II:RegionalGrowth12GLOBALDATACENTRE

INDEXOverthe

past

12

months,

91%of

newlyadded

livesupply

hascome

fromthe

United

States(US),with

the

remaining

8%and

2%

splitacrossCanadaand

LatinAmerica

(LATAM)respectively.Theconsistencyof

this

continued

expansion

isattributabletothe

abundance

and

subsequentemergenceof

alternative

markets

inthe

US,astraditional

primary

markets

have

facedvarious

limitations.Sincethe

beginningofthe

spike

documented

in

Q3

2022,

regionalsupplygrowth

hasrepeatedafairly

consistent

cycle.

First,stakeholders

identifya

marketas

capableof

meeting

demand.Thisgarners

morewidespreadattentionand

investment,eventuallysnowballing

intoasignificant

runon

new

datacentreschemes

for

severalyears.This

persists

untilthe

identified

market

GW

growth17.6%

CAGRfrom2019-2024

globallybecomescongestedandconstrained

by

poweravailability.At

this

point,

operators

shift

their

focustoalternative,typically

untapped

marketscapable

of

meeting

demand

at

afaster

rate.Thistrend

has

beenevidenced

intheevolution

of

markets

likeAtlanta,

Columbus,

Phoenix,

and

othertop-tier

marketsthatwereonceconsidered

secondary

to

major

metropolitan

areas

andtraditionaltech

hubs

like

NewYork,

NorthernVirginia,SiliconValleyand

Chicago.

Recently,with

evenfewer

major

metros

lefttoturnto,the

next

phase

in

the

development

cycle

has

seen

developers

increasinglytargetingtertiary

markets

like

Iowa,

North

Carolina,and

Indiana.TheAmericas

remainsthe

dominant

hub

of

data

centregrowthglobally,

maintaininga

marketshare

of

LiveSupply

equallingthe

restof

the

world

combined

from2019

to2024.

Americas

APAC

EMEA26.3Regional

LiveSupplyGrowthRegional

LiveSupplyGrowth2520151013

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2025GLOBALDATACENTRE

INDEXIT

GW50TheemergenceofAI,

and

its

lack

of

latencydependencycontinuestofuel

this

trend.This

has

helpedtheAmericascontinue

to

bringsignificant

newsupplyonline,with

Live

Supply

inthe

region

recordingan

18.8%five-yearCompoundAnnualGrowth

Rate(CAGR).Despite

powerconstraintsobserved

in

the

variousaforementioned

markets,the

rate

of

LiveSupply

introduction

hascontinued

to

increase.APAConceagainexperiencedthe

strongestgrowth

in

Live

Supply

at

19.3%from

2019to

2024.Alongside

persistentgrowth

inthedeveloped

marketsofAustralia,

China,Japan,

andSingapore,emerging

markets

such

asIndiaand

Malaysiacontributedapproximately

900MWand450MW

respectivelyofthe7.5GWof

Live

ITgrowth

duringthis

period.Beyondthe

pandemic’sacceleration

ofdigitalisation,overarchingfactorswhichhavesince

influencedthe

region’scontinualgrowth,

includetheemergence

of

digitalpolicies,

particularly

inthe

newly

boomingmarkets—suchas

India’s

Digital

India

initiative

and

Malaysia’s

Digital

Economy

Blueprint—and

thegrowing

popularityof

data

centres

as

aprofitableand

resilientalternativeasset

class

for

investments

inthe

region.Theacquisition

ofAPAC

platformAirTrunk

in

2024

recordsas

the

largestdatacentre

transaction

globally,withthe

platformvaluedat

over

US$16

billion.Emerging

markets

have

experienced

rapidgrowth

inaccelerated

pipelinedelivery

tomeet

previously

underserved

demand.

Forinstance,theJohor

market

hasexperiencedasurge

ingrowth,

dueto

its

ability

to

serveasaspillover

marketfor

Singapore,

when

the

latter

placeda

moratorium

on

new

data

centre

construction

in

2019.

Consequently,theJohor

marketobservedasteep

growth

in

LiveSupply

at

a

CAGR

of

145%

from

2019

to

2024.EMEA’s

measuredgrowth

in

LiveSupplyat13.3%from

2019to2024,

is

comparativelyslowerthantheAmericasandAPAC.

Reasons

forthis

include

powerconstraints,

particularly

ingreen

energy,the

limitedavailability

oflandwhichcan

drive

up

costs

and

slowdowndevelopment,and

a

stricter

regulatory

environment,amongstothers.

Growth

hasbeenfuelled

by

bothestablished

marketsand

emergingsubregions.

Despiteconstraints,established

FLAP-D

markets

LondonandDublin

havecontinuedto

perform,

eachadding

598MWand

540MWof

LiveSupply,

respectively.The

upcomingsecondary

market

of

Madrid

hasaddedover

240MW

of

the4.8GWof

Live

ITgrowth

duringthis

period.Meanwhile,

LiveSupply

inthegrowing

Middle

Eastand

NorthAfrica(MENA)

markets

more

thantripledoverthe

five-year

period,

withMENAcontributing

7%of

EMEA’s

LiveSupply

asof

2024.Thesurge

in

Live

Supply

in

theMENA

data

centre

market

can

largely

beattributedtothe

regionoccupying

a

strategic

geographic

locationaswellas

a

range

ofgovernment

initiatives,digitaltransformation,

increased

internet

usage,cloudadoption

and

hyperscaleexpansion.Americas18.8%CAGRAPAC19.3%

CAGREMEA13.3%

CAGR14

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2025GLOBALDATACENTRE

INDEXRegional

PipelineSupplyGrowthIT

GW403020100

Americas

APAC

EMEAThesubstantial

increase

in

both

Committedand

Under

Constructiongrowth

ratesfrom2022onward

isthe

product

of

numerousfactors,

most

notablytheAmericas—andthe

USspecifically—servingasthe

initial“landing

point”forAI-related

demandandthecontinuedwidespreadadoption

of

cloud-

basedservices.

In

particular,the

rise

ofLarge-Language

Modeltraining

hastriggered

a

hyperscale-ledarms

raceto

developinfrastructurecapableof

handlingthese

high

densityworkloads.This

has

ledtoa

marked

increase

in

large-scale

developments,from

hyperscaleself-builds,to

build-to-suitandwholesalecolocationprojects

of

equalsize.The

US

market

remains

well

positionedtofieldthe

bulk

of

this

rising

demanddueto

itsabundance

of“scalable”landthatoffersthe

advantageous

combination

GW

growth31.4%

CAGRfrom2019-2024

globallyof

developable

landandaccessible

power.

Campusescapableof

deploying

hundreds

of

MWsand

increasingly,

upto

1GW+of

ITcapacityare

not

yet

being

developed

elsewhere

in

the

world

atthesamevolume,or

projectedspeed

to

market.

This

has

prompted

significant

action

fromstakeholdersacrossthe

board—from

regional

utilities

clamping

down

on

power

commitments

in

attemptstofree

up“stranded

power,”tostategovernments

introducing

newtax

incentives

to

attract

large-scaledevelopments,tothe

passingofthe

Chips

and

Science

Act

in

2022

aimed

at

fillingthe

increaseddemandforsemiconductors

domestically,

aswell

as

other

legislative

efforts.TheAmericascontinueto

betheglobal

leaderforfuture

pipelinecapacity,

recordingover30GWofgrowthin

Pipeline

Supply

between

2019and

2024.Regional

PipelineSupplyGrowth50.315

©Copyright

DC

Byte

2025GLOBALDATACENTRE

INDEXplanned

projectsspreadacrossestablishedand

emerging

markets.

Mirroring

theAmericasregion,thegrowth

in

pipelinecapacity

is

primarilyaccounted

for

by

steady

growth

ofCommittedSupply.

Market

leadersare

leveragingtheexpertise,

relationships,

and

track

records

toexpandtheirfootprints

inexisting

and

new

markets.Applications

for

more

power

and

newlandacquisitionsaddtothe

pipeline

in

established

markets,while

in

others

this

has

beenachievedthrough

partnershipswith

large

localconglomeratesorthrough

the

acquisition

of

pre-

existing

platformsorassets.

CommittedSupplygrowth

is

skewed

toward

established

marketswhere

clarity

of

policiesand

regulations

makethe

processof

marketentry

smoother

relative

to

more

nascent

markets.Lookingahead,

severalsignificantchallenges

areemergingforthe

market.

The

comparative2024

growthratesof

Under

Construction(+3.4GW)versusCommitted

(+12.5GW)

highlight

a

growing