Australia’s burgeoning data centre market is set to nearly double to $40 billion over the next four years as companies invest big in AI platforms, according to a new CBRE report.

But even that forecast could be higher if power-supply constraints did not cap the sector that burst into prominence last month following the sale of AirTrunk to Blackstone in a deal valuing the operator at $23.5 billion, CBRE data centre research head Sass Jalili said.