Data centre expansion across Asia-Pacific is no longer a future trend. It is measurable, capital-intensive and accelerating.

The regional market is forecast to grow at a compound annual growth rate of around 12%, reaching approximately US$53.6 billion by 2028.

Singapore and Hong Kong remain anchor markets, with 173MW and 79MW of capacity under construction respectively, while Japan, Indonesia and Vietnam are scaling rapidly through expanding subsea cable networks.

Australia reflects the same trajectory. As reported by Insurance Business, more than 300 data centres are already in operation, with capacity expected to rise from around 1.3–1.4GW in 2025 to approximately 1.8GW within three years. This growth is not evenly distributed.

Facilities cluster around power, fibre connectivity and water access. That clustering is efficient for operators, but it concentrates exposure for insurers and increases the likelihood of correlated loss.

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