Data centre spending to hit $32 trillion

CUMULATIVE AI DATA CENTRE CAPITAL EXPENDITURE, 2026-50
CENTRAL SCENARIO ($ trillions)

Americas
(of which
U.S.: 15.07)
16.46

Asia-Pacific
8.22

Europe
5.62

Middle East: 1.10

Africa: 0.25

Global total:
31.64

SLOWER
AI ADOPTION
SCENARIO

21.56

11.13
(10.22)

5.44

3.96

0.83

0.21

FASTER
AI ADOPTION
SCENARIO

49.68

27.12
(25.39)

13.92

6.92

1.42

0.31

Spending data in 2025 U.S.
dollars – figures rounded

If AI adoption accelerates
beyond central forecast,
data centre spending could
reach $50 trillion over next 25 years –
dwarfing global investment in railways, internet and electrification

Sources: Bloomberg, PricewaterhouseCoopers
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