India’s data center market to open $35 bn window for industrial equipment makers: Report
New Delhi: India’s industrial equipment manufacturers will likely dig a capex opportunity of $35 billion, profiting from India’s growing data center (DC) industry, says Nomura. The Indian DC industry is growing at a rapid speed with DC IT load increasing from ~350MW in 2019 to ~1.5-1.6GW in 2025, reflecting a ~29% CAGR versus ~20% globally, it said.
The brokerage firm noted that the DC industry is expected to grow to “~7GW, at a CY25-30F CAGR of +30%” unlocking attractive opportunities for industrial equipment manufacturers.
