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Subject: MRR

The Australia Data Center Market Size Will Witness Investments of $7.71 Billion by 2029 - Get Insights on 135 Existing Data Centers and 23 Upcoming Facilities across Australia - Arizton


CHICAGO, May 9, 2024 /PRNewswire/ -- According to Arizton's latest research report, the Australia data center market is growing at a CAGR of 3.22% during 2023-2029.

To Know More, Click: https://www.arizton.com/market-reports/australia-data-center-market-investment-analysis

Australia Data Center Market Report Scope

Report Attributes

Details

Market Size (Investment)

USD 7.71 Billion (2029)

Market Size (Area)

1,460.0 thousand sq. Feet (2029)

Market Size (Power Capacity)

303.0 MW (2029)

CAGR Investment (2023-2029)

3.22 %

Colocation Market Size (Revenue)

USD 2.05 Billion (2029)

Historic Year

2020-2022

Base Year

2023

Forecast Year

2024-2029


The data center market in Australia has been witnessing significant growth in investments over the past few years. It is expected to grow at an absolute growth rate of around 20% between 2023-2029. Australia is among the top destinations for data center investments in the APAC region.

Sydney, Melbourne, and Perth are the primary data center hubs hosting most data centers in the country. Canberra, Brisbane, Darwin, and other cities are among the emerging locations in Australia with abundant land availability for data center development.

Investment Opportunities

Rising Procurement of Renewable Energy in Australia Boosting the Market Opportunities

In 2022, according to IRENA, solar energy accounted for around 61% of Australia's overall renewable energy capacity, followed by wind, hydro, and bioenergy (in decreasing order), from which renewable power is extracted for all the sustainable energy needs of the country. Australia aims to achieve its target of zero carbon emissions by 2050. The country announced plans to reach almost 43% less emission than in 2005.

According to the Australia National Electricity Market (NEM), the renewable energy share in the country is expected to reach around 41% by 2030. By 2025, Australia aims to achieve 100% instantaneous renewable energy for its main grid, starting with a half-hour period and gradually increasing to cover hours and days. This transition will be facilitated by an increase in wind, solar, and energy storage solutions to meet the country's new target of 82% renewables by 2030. The retirement of coal-based power generation facilities in the coming years will contribute to this goal.

Microsoft in Australia Recent Development During 2022-2024:

Why Should You Buy This Research? 

Market Segmentation

Vendor Landscape

Key Questions Answered in the Report:

Q: How big is the Australia data center market?

Q: How much MW of power capacity will be added across Australia from 2024 to 2029?

Q: What is the growth rate of the Australia data center market?

Q: What factors are driving the Australia data center market?

Q: Which cities are included in the Australia data center market report?

Get the Detailed TOC @ https://www.arizton.com/market-reports/australia-data-center-market-investment-analysis

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About Us:????????????????????????????????????????????????????? 

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.??????????????????????????????????????????????????? 

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.???????????????????????????????????????????????????? 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.?????????????????????????????????????????????????????????? 

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SOURCE Arizton Advisory & Intelligence


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