1、REPORTSavills ResearchEuropean Data CentresNavigating the new data-centric frontiersEuropean Commercial May 2024Savills Data Centre Advisory EMEAWebsiteS Data Centres:Navigating The New Data-Centric FrontiersEuropean Data Centres:Navigating The New Data-Centric FrontiersIntroductionP5 Empowered By A

2、I P7 The Energy ConundrumP13 Tech Giants Green PowerP19 Extensive Infrastructure Development plansP21 Costs On The RiseP23 Rising Supply But Still Struggling To Keep PaceP25 Investors Increasing Focus On Data CapitalisationP27 Conclusions&OutlookSummaryThe expanding footprint of AI applications acro

3、ss an array of industries is ushering in a paradigm shift within the realm of data centres,prompting a recalibration of priorities.Amidst this evolution,sustainability considerations and escalating expenses emerge as formidable hurdles.Balancing technological innovation,environmental stewardship,and

4、 financial viability is imperative for the sectors continued growth and resilience.Despite the high number of new data centres anticipated to be built by 2028,the market is expected to remain largely undersupplied across Europe.We believe that prime yields,currently standing at 5-6%on the continent,

5、will remain stable for most of the year,with aslight inward movement towards the end of the year as market dynamics evolve.Scott Newcombe,Head of Data Centre Advisory EMEAKey pointsThe European AI market will reach 76.5bn this year,up by 25.9%compared to 2023,and then show an annual growth rate of 1

6、5.9%until 2030.In Europe,the average Power Usage Effectiveness(PUE)has decreased from 1.74 in 2005 to a current average of 1.20.Twenty more submarine cables,accounting for 10%of the existing infrastructure are due for completion by 2027,adding roughly 150,000 kilometres of cables to the European net