New Delhi, June 3 -- India's industrial equipment manufacturers will likely dig a capex opportunity of USD 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 per cent CAGR versus ~20 per cent 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.

"We estimate incremental capacity of ~5.1GW until CY30F will provide a capex opportunity of USD 35 billion, a majority of which will be captured by industrial equipment manufacturers sup...