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The Global Spectrometry Market size is expected to reach $15.8 billion by 2028, rising at a market growth of 5.6% CAGR during the forecast period

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New York, Nov. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Spectrometry Market Size, Share & Industry Trends Analysis Report By Type, By End User, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06364763/?utm_source=GNW
In the field of medicine, spectroscopic techniques such as magnetic resonance images and Fourier transform infrared scanning are employed for illness diagnosis. Due to their superior sensitivity, low noise, and higher quantum efficiency compared to their competitors, back-illuminated CCDs are the most popular choice for spectroscopy.

Heart rate (HR) sensors use spectrometric CCDs. Deep-depletion HR sensors are made of high-resistivity silicon to attain high ef?ciency in the near-infrared band. Four times the thicker depleting area in silicon is produced at 1000 nm, increasing quantum efficiency by two to four times. These sensors are controlled with wells completely depleted of electrons for high spatial resolution by providing a bias voltage at gate terminals.

Dual-port cameras for HR sensors can run at a speed of 16 MHz. Indium gallium arsenide is the ideal material for this range because Si-based CCDs have operational restrictions above roughly 1100 nm in wavelength (InGaAs). The InGaAs-based CCDs can function in the 850–1700 nm wavelength range. However, compared to silicon, they have a substantially higher dark current.

Spectrometry in the IR area has several special challenges. Due to the region’s inherent low energy, the spectrometer’s energy transfer must be enhanced. Many substances that are transparent to the visible spectrum cannot transmit infrared light; optical glass, for instance, is IR-opaque, necessitating the use of specialized substances like nanocrystals of NaCl, KBr, or AgCl for window materials. Water is a strong absorber and is therefore not a good solvent. The most frequently used region is where blackbody radiation from the spectrometer’s components peaks and this region also has a large backdrop of stray radiation.

COVID-19 Impact Analysis

The market for mass spectrometry was significantly impacted by the unanticipated COVID-19 pandemic. Spectrometry is widely accepted in test applications in the pharmaceutical, food & beverage, and biological research sectors. The creation of new pharmaceuticals, the repurposing of new drugs, and the rise in pharmaceutical product production have all led to a greater need for safety and quality controls in the pharmaceutical sector. Spectrometry is becoming more and more popular in various industries due to stringent government requirements and rising quality maintenance demands.

Market Growth Factor

R&D Investments Are Rising in The Biotechnology and Pharmaceutical Sectors

Over the past two decades, pharmaceutical corporations have dramatically expanded their R&D spending. Investments in important areas like biopharmaceuticals and customized medicine are what fuel research in the biotechnology and pharmaceutical industries. From the early stages of drug discovery to late-stage research and clinical trials, mass spectrometry is essential to the pharmaceutical business. Consequently, it is anticipated that rising financing in the pharmaceutical and biotechnology sectors will fuel the expansion of the spectrometry market.

Opportunities for Growth in Emerging Nations

The mass spectrometry market has numerous potentials to expand in developing nations like China and India. Due to the Greenfield projects being established in numerous end-user sectors in these two nations, China and India together produce a significant amount of interest in single mass spectrometers and mixed spectrometry equipment. Strong biopharmaceutical industries exist in these nations, and it is anticipated that they will play a significant role in the expansion of the spectrometry and chromatography industries.

Market Restraining Factor

The Price of Premium Products Is Too High

Since spectrometry equipment includes cutting-edge features and functions, their cost is higher. In addition to the system’s purchase price, the system’s cost to conform to industry norms is also highly costly. The need for mass spectrometers has increased over time as a result of technological developments and improved operating efficiency. However, system costs have gone up due to technical advancements. The cost of a spectrometer affects end customers’ choice to buy it. Because pharmaceutical businesses need so many of these systems, the capital cost rises dramatically.

Type Outlook

Based on the Type, the Spectrometry Market is segmented into Molecular Spectrometry, Mass Spectrometry, and Atomic Spectrometry. The mass spectrometry segment witnessed a significant revenue share in the spectrometry market in 2021. MS is a potent instrument frequently employed in forensic, biotechnology, pharmacological, and clinical research for the examination of a broad spectrum of compounds. Mass spectroscopy process improvements have made it possible to offer test findings quickly and with excellent resolution.

End User Outlook

On the basis of End-User, the Spectrometry Market is divided into Pharmaceutical & Biotechnology Companies, Government, Research & Academic Institutes, and Others. The pharmaceutical & biotechnology companies segment procured the largest revenue share in the spectrometry market in 2021. It is because the equipment is essential for accurate, high-caliber results. Ultraviolet (UV) spectrophotometry is the best method for detecting and contrasting organic compounds.

Regional Outlook

Region-wise, the Spectrometry Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered the highest revenue share in the spectrometry market in 2021. This is due to a sizable number of important firms, including Thermo Fisher Scientific, Agilent Technologies, Waters Corporation, and others, being present in the area. In addition, numerous groups and organizations are functioning in this area that works to develop and promote cutting-edge spectrometry products and technology.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Thermo Fisher Scientific, Inc. is the major forerunner in the Spectrometry Market. Companies such as Agilent Technologies, Inc., PerkinElmer, Inc., Bruker Corporation are some of the key innovators in Spectrometry Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Danaher Corporation, Agilent Technologies, Inc., Shimadzu Corporation, PerkinElmer, Inc., Endress+Hauser AG, LECO Corporation, Waters Corporation, Bruker Corporation and Kore Technology Ltd.

Recent Strategies deployed in Spectrometry Market

Partnerships, Collaborations and Agreements:

Aug-2022: Agilent Technologies joined hands with Bright Giant, which manufactures optoelectronic devices to source, detect and control light. Through this collaboration, the companies aimed to launch improved non-targeted metabolomics workflows utilizing AI-based methods and assign scientists to make impactful novel discoveries. Additionally, this collaboration focused on integrating Bright Giant’s expertise in artificial intelligence solutions for small molecule analysis with Agilent’s state-of-the-art mass spectrometry technology.

Jun-2022: Thermo Fisher Scientific Inc., the world leader in serving science, and TransMIT GmbH Center for Mass Spectrometric Developments have announced a co-marketing agreement to promote the use of a mass spectrometry imaging (MSI) platform for spatial multi-omics applications in pharma and clinical labs. This co-marketing agreement will provide integrated solutions for mass spectrometry imaging, offering a label-free approach to map the distribution of a wide range of both known and unknown compounds directly sampled from biological tissue.

Acquisition & Mergers:

Apr-2022: Bruker Corporation completed the acquisition of IonSense, the developer of ambient DART ionization technology. This acquisition would ultimately allow more consumers to have access to the power of mass spectrometry for today’s analytical requirements.

Mar-2022: Thermo Fisher Scientific, has acquired Max Analytical Technologies. Max Analytical has developed Fourier-transform infrared (FT-IR) spectroscopy –based gas analysis solutions for process monitoring, source testing, and ambient air monitoring. Its systems are used extensively in semiconductor manufacturing, industrial process monitoring, and environmental health and safety applications. The Max Analytical portfolio complements Thermo Fisher’s line of FT-IR instruments, software, and services, and expands the breadth of Thermo’s vibrational spectroscopy products.

Feb-2022: Agilent Technologies took over ACIES, advanced artificial intelligence (AI) technology designed by Virtual Control. With this acquisition, Agilent would combine the software into its gas chromatography and mass spectrometry (GS/MS) platforms to enhance productivity, performance, and precision. Additionally, Agilent acquired the software and other assets associated with ACIES as part of the transaction, and the main members of the ACIES team also evolved into Agilent employees.

Product Launches and Product Expansion:

Aug-2022: Shimadzu Europe introduced IRXross Fourier-transform infrared (FTIR) spectrophotometer. The FTIR model delivers outstanding top-level performance, along with an exceptional S/N ratio, resolution, measurement pace, and relief of use. Moreover, operator’s unknown with FTIR spectrophotometry can simply analyze samples by easily determining the objective of the analysis and the extension they are utilizing.

Jun-2022: Agilent Technologies introduced 6475 triple quadrupoles LC/MS system, 5977C GC/MSD, plus the 7000E GC/TQ and the 7010C GC/TQ describe the advanced revolution in Agilent’s 50-plus year history in mass spectrometry. The latest LC/TQ and GC/TQ products present built-in instrument intelligence to streamline lab procedures. Additionally, these new innovative and intelligent LC/MS and GC/MS systems are developed to create the lives of the consumer more comfortable.

Jun-2022: Waters Corporation introduced the latest instruments, software, and product improvements. This launch includes the new Xevo G3 quadrupole time-of-flight (QTof) mass spectrometer, Waters SELECT SERIES Multi-Reflecting Time of Flight (MRT) mass spectrometer, and CONFIRM Sequence – a new oligonucleotide sequencing validation software for the waters_connect software platform and an electrospray ionization origin for the high-resolution.

Jun-2022: Bruker Corporation launched XFlash 7 detector series for its QUANTAXTM energy dispersive X-ray spectrometer (EDS) systems. The system permits chemical analysis of material models in electron microscopes with maximum pace, dependability, and sensitivity. Moreover, with many unique and new elements, XFlash 7 consumers in academic and industrial research would benefit from higher productivity, additional increased analytical performance, and lower price of ownership.

Jun-2022: Bruker Corporation unveiled DART-EVOQ triple quadrupole mass spectrometer for high-throughput quantitative analyses. The DART-EVOQ does not demand chromatography separations for applied industry analysis in food/beverage, environmental, industrial, forensics, security, and pharmaceutical workflows. Additionally, Bruker reveals the first applications with the launch of the DART-EVOQ system that expands relevance and performance for fast PoN mass spec measurements.

Jun-2022: Shimadzu launched Shimadzu LCMS-2050 high-performance liquid chromatograph mass spectrometer. The Shimadzu LCMS-2050 is utilized for development and research, and quality management in fields including chemistry, pharmaceuticals, and food. Moreover, the single quadrupole LC-MS attains a user-friendly interface, heightened basic performance, and a packed structure.

Jun-2022: PerkinElmer introduced the GC 2400 Platform, an advanced, automated gas chromatography (GC), headspace sampler, and GC/mass spectrometry (GC/MS) solution. The GC 2400 Platform is designed to assist lab teams to streamline lab operations, forcing accurate results, and performing more adaptable monitoring. Additionally, the automated GC 2400 Platform permits teams at any expertise level to better supervise and monitor their GC analyses from the sample via results so they can concentrate on high-value actions in their businesses and labs.

Apr-2022: Waters Corporation launched the Xevo TQ Absolute system, the most precise and packed benchtop tandem mass spec in its category. The new high-performance mass spectrometer is up to 15X more sensitive for quantifying negatively ionizing compounds than its precursor and is 45% less and operates up to 50% smaller electricity and gas supply than further high-performance tandem quadrupole mass spectrometers open in the industry. Additionally, this is accomplished with a new direction on optimal probe positioning for both robustness and sensitivity and source protection that helps miscalculate source contaminants by the sample matrix or mobile phase salts.

Feb-2022: Thermo Fisher Scientific introduced SureSTART, a new suite Of Chromatography And Mass Spectrometry Consumables. The new portfolio contains a new cluster of caps, vials, kits, inserts, well plates, and mats that enhances analytical performance and sample safety for chromatography and mass spectrometry consumer in routine and research laboratories, through a various range of sectors including pharma, clinical, biopharma, food, academia and environmental. Moreover, SureSTART consumables are developed from high-quality materials that fulfill both the performance and price needs of consumers, delivering the assurance they require to analyze difficult analytes.

Sep-2021: Thermo Fisher unveiled Thermo Scientific Delta Q Isotope Ratio Mass Spectrometer. Advanced net zero mass spectrometers are developed to allow precise analysis with tremendous accuracy and precision. Moreover, with enhanced specifications, such as an advancement in software to Qtegra ISDS to dramatically enhance ease-of-use and laboratory productivity, the system’s carbon footprint would be neutralized, permitting scientists to carry out their work while decreasing their environmental effects.

Scope of the Study

Market Segments covered in the Report:

By Type

• Molecular Spectrometry

• Mass Spectrometry

• Atomic Spectrometry

By End User

• Pharmaceutical & Biotechnology Companies

• Government, Research & Academic Institutions

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Thermo Fisher Scientific, Inc.

• Danaher Corporation

• Agilent Technologies, Inc.

• Shimadzu Corporation

• PerkinElmer, Inc.

• Endress+Hauser AG

• LECO Corporation

• Waters Corporation

• Bruker Corporation

• Kore Technology Ltd.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06364763/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
Logo: https://mma.prnewswire.com/media/1317764/2860789/Cayman_Enterprise_City_Logo.jpg
FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event

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The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement 
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.

“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription. 
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
 
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Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton

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CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.

The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities 
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
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Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
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
DCIM
Tier Standard
Tier I & Tier II
Tier III
Tier IV
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