City
Epaper

Mumbai records sharpest increase in data centre capacity across A-Pac: Knight Frank

By ANI | Published: August 03, 2021 1:53 PM

Mumbai added 56 megawatt of supply Q1 2021 to clock the sharpest increase in data centre capacity across Asia Pacific region, global property consultancy Knight Frank said on Tuesday.

Open in App

Mumbai added 56 megawatt of supply Q1 2021 to clock the sharpest increase in data centre capacity across Asia Pacific region, global property consultancy Knight Frank said on Tuesday.

That took the financial capital's total supply at 753MW, according to its latest report published in partnership with leading data centre research and analytics platform DC Byte.

The report cited that EMEA (Europe, the Middle East and Africa) markets have seen rise of 4 per cent in uptake in the Q1 2021, to 120MW with a 10 per cent increase in new supply overall, totalling to more than 180MW.

In Asia Pacific markets, total supply increased by about 200MW in Q1 2021, reflecting a similar pace to 2020 take up -- recorded just over 800MW, making a total supply of 5800MW across the region.

Mumbai registered the sharpest increase supply. Pandemic influenced push for digital services resulted into an acceleration of new supply in 2020 with an additional 252MW or 50 per cent added to its development pipeline.

This marked up the total supply to 697MW in the year 2020. Between 2016 and 2019, Mumbai's IT power capacity increased from 148MW to 456MW.

The Q1 report 2021, which provides comprehensive coverage of 28 key markets, tracked significant pandemic-driven data usage shift in 2020, which in turn magnified the traditional 'buy' cycle and led to record developments in the global data centres market.

This year the data shows it is apparent that while some markets have kept up with this pace others, mostly tier 2 cities have reported little supply growth in early 2021.

Shishir Baijal, Chairman and Managing Director at Knight Frank India, said Mumbai is among the better-established data centre hubs in A-Pac region. The city's location has a strategic importance as a landing destination for undersea data-cables connecting the east and west.

The presence of an established telecom industry in India and the push for digital services during the pandemic has further fuelled the growth of data centres in Mumbai, said Baijal.

"The rise of emerging markets in A-Pac has brought Mumbai under the focus of multiple international operators who wish to establish themselves in this region," he said.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Europe, the Middle East and AfricaShishir baijalasiamumbaiKnight FrankKnight frank global
Open in App

Related Stories

MaharashtraMumbai Lok Sabha Election 2024: BJP's Piyush Goyal Richest Candidate, UBT's Sanjay Patil Owns Least Assets

EntertainmentCheck Out: Amyra Dastur Shimmers in a Golden Saree; Says ‘Winging It – Life, Eyeliner, Everything’

MaharashtraMumbai Local Deaths: 139 Lives Lost in Three Months from Overcrowded Train Falls

BusinessMumbai Property Registration Sees 11% Increase in April

MaharashtraMumbai Coastal Road: Extended Traffic Hours as Lotus and Amarson Garden Junctions to be Open for 16 Hours Daily

Business Realted Stories

BusinessGovt's firm stand on buying Russian oil saves $8 billion in India's import bill

BusinessAdani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled

BusinessAdani Power grows 29 pc YoY in Q4 FY24 to Rs 13,787 cr, revenue grows 37 pc to Rs 50,960 cr

BusinessMaruti Suzuki sold 1.68 lakh while Hyundai India sold 63,701 vehicles in April 2024

BusinessIFFCO receives FCO approval for nano zinc liquid, nano copper liquid fertilisers