Data Centre Central "Upgrading market outlook. Digging deeper into 800VDC..."

Research evidence excerpt

Data Centre Central "Upgrading market outlook. Digging deeper into 800VDC..."

Powered by Lab Global7 JulyResearch2026ab Evidence UBS YES

Data Centre Central Equities

Europe including UKUpgrading market outlook. Digging deeper into

800VDC with a Primer and Expert Call Industrial

Andre Kukhnin

Analyst

andre.kukhnin@ubs.com

+44-20-7567 2162

UBS Global Data Central 2.0 Jingyi Zheng

Welcome to our second edition of the UBS Global Data Centre Central – our new, one- Analyst

stop shop product bringing together our key research, insights and newsflow on the jingyi.zheng@ubs.com

Data Centre / AI theme (DCC 1.0). +44-20-7568 3962

Dini Magoon

What is key in today’s piece? Analyst

We build out further our work on 800VDC power architecture transition with an dini.magoon@ubs.com

+44-20-7567 4037 introduction of an 800VDC Primer and a dedicated Expert Call (23 July at 2pm

UKT, register here) Hemal Bhundia, CFA

Raise our forecasts for Data Centre Equipment market growth hemal.bhundia@ubs.com

+44-20-7901 6515

Build out further valuation and positioning tracking across the AI/Data

Centre ecosystem Ed Hussey

Offer our views on latest newsflow including Meta's push to sell excess AI edward.hussey@ubs.com

compute capacity, Google's liquid-to-air cooling sidecar, and France's data centre +44-20-7568 3946

build-out progress. Sven Weier

Raising market outlook for DC Equipment space sven.weier@ubs.com

We now forecast the Data Centre Equipment market (€m/revenue terms) to grow +49-69-1369 8278

25% in 2026, 20% in 2027 and 10-15% in 2028-2030 vs previously 20-25% in Christopher Leonard

2026, 15-20% in 2027 and 10-15% in 2028-30. The key drivers for the upgrade Analyst

are 1/ Strong Q1 orders performance across the key players and consistently chris.leonard@ubs.com