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.
To Know More, Download the Free Sample
Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report
Attributes
|
Details
|
Market Size
(Investment)
|
USD 7.22 Billion
(2029)
|
Market Size
(Area)
|
688 thousand sq. Feet
(2029)
|
Market Size (Power
Capacity)
|
143 MW
(2029)
|
CAGR Investment
(2023-2029)
|
8.43 %
|
Colocation Market
Size (Revenue)
|
USD 1.42 Billion
(2029)
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
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.
Buy this Research @
https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase
Benefit
- 1hr of free analyst discussion
- 10% off on customization
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
-
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?
Get the Detailed TOC @
https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
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