Goldman Sachs: Global Data Center Capacity May Reach 273GW by 2030; Five-Year Investment Demand of About $8.5 Trillion

TechFlow reported on November 3 that Goldman Sachs published a research report raising its 2030 global data center capacity forecast from 217GW to 273GW, a significant increase from about 103GW in 2025, with a compound annual growth rate of about 21%. The bank expects global data center capacity to add about 170GW over the next five years; based on the rule-of-thumb assumption of $50 billion of investment per GW, the corresponding potential capital expenditure is about $8.5 trillion.

Goldman Sachs also raised its 2030 U.S. data center capacity forecast from 125GW to 152GW, expecting a cumulative addition of 103GW after 2025, accounting for about 60% of global new capacity over the same period. Goldman Sachs believes that the rapid expansion of new cloud service providers such as Neocloud to meet GPU demand is also one of the important reasons for the upward revision of the U.S. capacity forecast.

Source: TechFlow