South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 - Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea
CHICAGO, April 24, 2024 /PRNewswire/ -- According to Arizton's latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.
In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.
In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.
In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.
In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.
Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy?the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.
South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.
KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic - 36 MW, hydro - 18.6 MW, fuel cells - 51.9 MW, wind - 58.4 MW, and biomass - 325 MW.
Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.
Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.
Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.
An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.
Investments in the area (square feet) and power capacity (MW) across cities in the country.
A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.
Snapshot of existing and upcoming third-party data center facilities in South Korea
Facilities Covered (Existing): 35
Facilities Identified (Upcoming): 19
Coverage: 12+ Cities
Existing vs. Upcoming (Area)
Existing vs. Upcoming (IT Load Capacity)
Data Center Colocation Market in South Korea
Colocation Market Revenue & Forecast (2023-2029)
Wholesale vs. Retail Colocation Revenue (2023-2029)
Retail Colocation Pricing
Wholesale Colocation Pricing
The South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
A transparent research methodology and the analysis of the demand and supply aspects of the industry.
? The Report Includes the Investment in the Following Areas:
IT Infrastructure
Servers
Storage Systems
Network Infrastructure
Electrical Infrastructure
UPS Systems
Generators
Transfer Switches & Switchgears
PDUs
Other Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Rack Cabinets
Other Mechanical Infrastructure
Cooling Systems
CRAC & CRAH Units
Chiller Units
Cooling Towers, Condensers & Dry Coolers
Economizers & Evaporative Coolers
Other Cooling Units
General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression Systems
Physical Security
Data Center Infrastructure Management (DCIM)
Tier Standard
Tier I & Tier II
Tier III
Tier IV
Geography
Seoul
Other Cities
Vendor Landscape
IT Infrastructure Providers
Arista Networks
Atos
Cisco Systems
Dell Technologies
Fujitsu
Hewlett Packard Enterprise
IBM
Inspur
Intel
Lenovo
NetApp
Data Center Construction Contractors & Sub-Contractors
BEHIVE Architects
DPR Construction
GS E&C
HanmiGlobal
Hyundai Engineering & Construction
ISG
POSCO ICT
SAMOO Architects & Engineers
Samsung C&T
Support Infrastructure Providers
ABB
Caterpillar
Cummins
Delta Electronics
Eaton
Fuji Electric
Legrand
Mitsubishi Electric
Piller Power Systems
Rittal
Rolls-Royce
Schneider Electric
STULZ
Vertiv
Data Center Investors
Actis
Digital Realty
Dreammark1
Digital Edge
Equinix
Hostway IDC
Kakao Corp
KT Corp
LG Uplus
LG CNS
Naver
NHN Corp
SOLISIDC
SK Broadband
New Entrants
Empyrion DC
ESR
OneAsia Network
Princeton Digital Group
Pure Data Centres Group
SC Zeus Data Centers
ST Telemedia Global Data Centres
STACK Infrastructure
Key Questions Answered in the Report:??? How big is the South Korea data center market? How many existing and upcoming data center facilities exist in South Korea? How much MW of power capacity will be added across South Korea during 2024-2029? What factors are driving the South Korea data center market? What is the growth rate of the South Korea data center market? Who are the key investors in the South Korea data center market?
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