2026年第2季度全球数据中心市场报告 2Q 2026 Global Data Center Market Report

2Q2026Global

DataCenterMarketReport

+24PreparedbydatacenterHawk's29marketexpertsworldwide.

FROMTHEFIELD

Whatourregionaldirectorsareseeing

"Everybody'schasingpower,andthey'rechasingcheaperpower."

"Developerscansecureland,permits,evenutilityagreements,andstillstruggleto

leaseuntilthey'reclosertoenergization."

SteveSasse

VP,BusinessDevelopment&LATAM

LATAMreport→

EdSocia

Director,NorthAmerica

NAreport→

"Landisscarce,energyisscarce.Landwithenergyisreallyscarce."

DavidSandars

RegionalDirector,EMEA

EMEAreport→

"Power-surplusandwater-surplusmarketsarebecomingthebigwinners."

DediIskandar

RegionalDirector,APAC

APACreport→

02

EXECUTIVESUMMARY

Thequarterinfivetakeaways

Demandkeptclimbingin2Q2026,butthequarter'srealstoryisdivergence:growthreachedmoremarketsthanever,evenasahandfulofleadersstillcapturedmostofit.

Broadbutuneven

Everyregiongrew,butgrowthwaslopsided:thetypicalmarketrosejust3.5%whilethetop

quartilejumped32%.

Thebiggestmarketspulledahead

NorthAmericaabsorbedtwoofeverythreenewmegawatts,withAustin,DallasandWestTexasleadingtheworldandTexasalonerivalingmostregions.

Themapisshifting

Europe'sestablishedFLAP-DcorecooledasdemandshiftedtotheNordicsandSouthernEurope,bothofwhichsetnewleasingrecordsthisquarter.

Powersetsthemap

Cheaper,fasterpowerkeepsredrawingthemap,pullingdemandintoemergingmarketsfromWestTexastoSoutheastAsiaandtheGulf.

Hardertobuild

Risingconstructioncosts,tightercreditandmountinglocaloppositionnowdecideasmanydeals

aspoweravailabilitydoes.

03HAWK

WHERETHEGROWTHIS

Afewmarketscapturemostofthegrowth

Eachmarketsizedbynetabsorptionsince4Q2025,shadedbyyear-over-yeargrowth.Austin,DallasandWestTexasabsorbedthemost,whilefast-growingnewcomerssuchasFinland,MilanandSydneypunchedwellabovetheirsize.

Year-over-yeargrowth:Under20%20–50%50–100%Over100%Source:datacenterHawkPlatform,2Q2026

04HAWK

FORWARDCOMMITMENT

Wheretomorrow'scapacitydwarfs

today's

Operatorsareplacingtheirbiggestforwardbetsinsmaller,newermarketsscalingfromalow

base.Rankingeachmarket'spipelineagainstitscurrentfootprintshowswherecapacity,and

pricing,couldmovenext.

Pipeline-to-commissionedratio,100+MWmarkets

Denmark19.0x

FortWayne16.2x

Calgary15.3x

Zaragoza13.5x

Finland13.4x

Richmond12.7x

Lisbon9.5x

Madrid9.4x

Source:

datacenterHawkPlatform

,2Q2026

05HAWK

Leasepricerangebyregion

North

AmericaEuropeAPAC

LATAM

MiddleEast

Source:datacenterHawkPlatform,2Q2026

Yearago

+7.1%

+0.5%

-6.9%

-1.8%Flat

2026

PRICINGDIRECTION

LeaseratesrisingintheWest,easinginAPAC

Wholesaleleasepricingsplitalongregionallines.ScarcitypushedrateshigheracrossNorth

AmericaandEurope,whileAPACeasedasnew

hyperscalesupplycameonline.TheMiddleEast

remainedthemostexpensiveregiontolease,andheldroughlyflat.

06HAWK

CONSTRUCTION&PIPELINE

Avastpipeline,

front-loadedtoNorthAmerica

Operatorsincreasinglybuildspeculativelyto

compresstime-to-power.Roughly223GWof

colocationcapacityisnowunderconstructionorplannedglobally,andmorethanhalfofitsitsinNorthAmerica.

Globalcolocationpipelinebyregion·223GW

223

GWPIPELINE

NorthAmerica

54%

Europe

23%

APAC

17%

MiddleEast

4%

LATAM

2%

Colocationunderconstruction+plannedpower.Source:

datacenterHawkPlatform

,2Q2026

07HAWK

REGULATION&SENTIMENT

Thenon-powerconstraintsshapingsiteselection

Powerdecidesmostdeals;asecondlayeroffrictionincreasinglydecidestherest.Fivethemessurfacedacrosstheregionsthisquarter.

Oppositionrising

MoratoriumsandlocaloppositionspreadonbothsidesoftheAtlantic,oftenoutpacingstateornationalpolicy.

Mega-campuspushback

Grid&ratepayerrules

:::

Communitiesturnedagainstthelargestplannedcampusesthisquarter,fromNorthernVirginiatoEurope'scorehubs.

IntheU.S.,newinterconnectionrulesincreasinglyshiftgrid-upgradecostsontodatacentersthemselves.

Datasovereignty

Rulesonwheredatacanlivearesteeringbuyerstowardregionalreusability.

Positiveincentives

Finlandandothersactivelycourtdevelopment,asharpcontrasttothepushback.

08HAWK

REGIONALSNAPSHOTS

WhereH1demandlanded

NorthAmericastillabsorbedtwoofeverythreenewmegawatts,buteveryregiongrewthishalf,severalatarecordpace.Fulldetailsitsineachregionalreport.

19.6

GWABSORBEDH1

NorthAmerica13.0GW

report→

APAC

3.3GW

report→

Europe

2.3GW

report→

MiddleEast

562MW

report→

LATAM368MW

report→

2026YTDabsorptionbyregion,19.6GWtotal.Source:

datacenterHawkPlatform

,2Q2026

09HAWK

WHYTHISDATAISDIFFERENT

Verifiedatthesource

Everyfigurehereissourceddirectlyfromoperatorrelationships,verifiedbyanin-regionresearch

team,andrefreshedquarterly.

+24

:::

460+

Marketscovered

10,500+

Facilitiestracked