Goldman raises 2030 global data-center capacity forecast to 273GW

According to an IT Home report dated November 3, 2026, Goldman Sachs published a research report the previous day raising its 2030 global data center capacity forecast to 273GW, up from a prior estimate of 217GW. The report notes that this would represent a substantial increase over the roughly 103GW of capacity in 2025, implying a compound annual growth rate of about 21 percent. Goldman Sachs projects that approximately 170GW of new data center capacity will be added globally over the next five years. Applying an experience-based assumption of $50 billion in investment per GW, the firm estimates this corresponds to potential capital expenditure of roughly $8.5 trillion. On the regional side, the report raises the 2030 US data center capacity forecast from 125GW to 152GW, with cumulative additions of 103GW after 2025 accounting for roughly 60 percent of total global capacity growth over the same period. The report identifies the rapid expansion of Neocloud and other new cloud service providers seeking to meet GPU demand as one of the key reasons for the upward revision of the US forecast. As of the IT Home article's publication, this represents the latest publicly available forecast from Goldman Sachs, and no subsequent adjustments have been reported.