plans to expand to over two gigawatts across approximately 18 projects . Key markets of focus include Australia , Japan , Korea , India and Malaysia .
Cloud and AI growth at ESR Data Centres The data centre market in the APAC region is influenced by both global and local factors . One of the key comparisons is the US market , which has grown from 8GW in 2020 to 17GW in 2024 and is projected to reach 30GW by 2030 .
APAC , currently at 10GW , is expected to follow a similar growth trajectory . This expansion is driven by rising demand for cloud services , with public cloud revenue set to grow at a 13.8 % CAGR , from US $ 526bn in 2023 , to US $ 882bn by 2027 .
The global colocation market is also expanding at an 11.3 % CAGR , while hyperscaler demand is growing even faster , at 20 % CAGR from 2021 to 2026 . APAC is seeing strong demand signals , leading to a ‘ land grab ’ by hyperscalers ,
esr . com 7