Deep Research · 2026-06-24
How large is the APAC data-center power opportunity for Meridian?
Question: What serviceable power-and-cooling opportunity do APAC data-center builds create for Meridian?
Announced APAC hyperscale builds imply a serviceable power-and-cooling opportunity of roughly $1.9B, of which $90–140M is realistically addressable near-term given a cross-BU offer.
Opportunity sizing
Starting from announced megawatts across confirmed APAC builds and applying power-and-cooling spend per megawatt, the serviceable pool is approximately $1.9B. Meridian's near-term addressable share depends on assembling a combined Energy Systems and Building Technologies offer.
| Segment | Serviceable ($M) |
|---|---|
| Power distribution | 1100 |
| Cooling controls | 800 |
Where to focus
Sundara and Nexa are the two highest-conviction targets given active build signals and, for Nexa, an existing automation relationship.
- ·Sundara: three sites in build
- ·Nexa: captive $600M build
Competitive note
Helios has already won at least one data-center power contract, so speed matters. A coordinated cross-BU account team is the recommended response.
Evidence
Three APAC hyperscale data-center builds announced in H1 2026.
Contradicting evidence
- Grid-interconnection delays are slipping the energization dates of several announced APAC data-center sites. — Industry press
Data-center power & cooling attach ~$1.9B serviceable for Meridian.
Announced MW × power/cooling $ per MW
Contradicting evidence
- Some analysts warn APAC data-center demand is being pulled forward, raising overbuild risk into 2028. — GrowthIQ analysis
- Grid-interconnection delays are slipping the energization dates of several announced APAC data-center sites. — Industry press
Regional analyst confirmed two Hyderabad sites are in procurement.