The Singapore data center rack market reached a volume of 141,428 in the previous year, and it is further projected to register a CAGR of 2.7% during the forecast period. The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country/region.
The upcoming DC construction projects in the country will likely increase the demand for Data Center Racks in the coming years. The Singapore Data Center Rack Market is moderately consolidated with a few major players, such as Eaton Corporation, Black Box Corporation, Schneider Electric SE, Vertiv Group Corp., and Dell Inc. in the market. These major players, with a prominent market share, focus on expanding their regional customer base.
In August 2023, Singtel announced its new data center facility in Singapore. It is an eight-story building that will provide 58 MW of capacity for an IT load of over 120,000 square feet and is expected to go live in 2025.
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