Data Centre Nordics 2022 to 2026 Report

Table of Contents

• Press release
• Methodology
• Executive Summary
• Acquisitions
• New Data Centre Development in the Nordic region                                                                                                                        

The Danish Data Centre Landscape                                                                                

• Methodology
• Acquisitions/Mergers 2019 to to-date
• Data Centre Development in Denmark
• Summary Box - Denmark Data Centre Summary
• Data Centre third-party Data Centre Providers and Facilities in Denmark
• Key Danish Data Centre Provider Profiles
• Danish Data Centre raised floor space forecast - in m2 (2022 to 2026)
• Danish Data Centre Customer Power (DCCP) forecast - in MW (2022 to 2026)
• Danish Data Centre Power Costs - in Euro per kWH
• The Key Danish Data Centre Clusters
• Danish Data Centre Pricing Forecast - in rack space, m2 space & per kW rentals (2022 to 2026)
• Danish Data Centre Revenues Forecast - in millions of Euro per annum (2022 to 2026)
• Danish Public Cloud Revenues - in millions of Euro per annum (2022 to 2026)
• The Key Trends in the Danish Data Centre Market
• Danish Data Centre Outlook

 The Finnish Data Centre Landscape

• Summary Box - Finnish Data Centre Landscape Summary 
• Methodology
• Acquisitions/Mergers 2019 to to-date
• Data Centre Development in Finland
• Summary Box - Finnish Data Centre Landscape Summary
• Data Centre third-party Data Centre Providers and Facilities in Finland
• The Key Finnish Data Centre Provider Profiles
• Finnish Data Centre raised floor space forecast - in m2 (2022 to 2026)
• Finnish Data Centre Customer Power (DCCP) forecast - in MW (2022 to 2026)
• Finnish Data Centre Power Costs - in Euro per kWH
• The Key Finnish Data Centre Clusters
• Finnish Data Centre Pricing forecast - in rack space, m2 space & per kW rentals (2022 to 2026)
• Finnish Data Centre Revenues forecast - in millions of Euro per annum (2022 to 2026)
• Finnish Public Cloud Revenues forecast - in millions of Euro per annum (2022 to 2026)
• The Key Trends in the Finnish Data Centre Market
• Finnish Data Centre Outlook

The Icelandic Data Centre Landscape

• Methodology
• Digital Statistics Summary
• The key 3rd party Data Centre Providers & Facilities in Iceland
• The key Data Centre Provider Profiles
• Icelandic Data Centre Space Forecast
• Icelandic Data Centre Power Forecast
• Icelandic Data Centre Power in kWH
• The Key Data Centre Clusters in Iceland
• Icelandic Data Centre Pricing Forecast
• An Icelandic Data Centre Revenue Forecast
• An Icelandic Public Cloud Forecast
• The Key Trends for the Icelandic Data Centre Market
• The Outlook for the Icelandic Data Centre Market 

The Norwegian Data Centre Landscape

• Methodology
• Data Centre Development in Norway
• Summary Box - Norwegian Data Centre Landscape Summary
• Data Centre third-party Data Centre Providers and Facilities in Norway
• Key Norwegian Data Centre Provider Profiles
• Norwegian Data Centre raised floor space forecast - in m2 (2022 to 2026)
• Norwegian Data Centre Customer Power (DCCP) forecast - in MW (2022 to 2026)
• Norwegian Data Centre Power - in kWH
• The Key Norwegian Data Centre Clusters
• Norwegian Data Centre Pricing - in rack space, m2 space & per kW rentals (2022 to 2026)
• Norwegian Data Centre Revenues - in millions of Euro per annum (2022 to 2026)
• Norwegian Public Cloud Revenues - in millions of Euro per annum (2022 to 2026)
• The Key Trends in the Norwegian Data Centre Market
• Norwegian Data Centre Outlook

The Swedish Data Centre Landscape

• Methodology
• Summary Box - Swedish Data Centre Summary
• Data Centre third-party Data Centre Providers and Facilities in Sweden
• The key Swedish Data Centre Provider Profiles
• Swedish Data Centre raised floor space forecast - in m2 (2022 to 2026)
• Swedish Data Centre Customer Power (DCCP) forecast - in MW (2022 to 2026)
• Swedish Data Centre Power Costs - in Euro per kWH
• The Key Swedish Data Centre Clusters
• Swedish Data Centre Forecast Pricing - in rack space, m2 space & kW rentals (2022 to 2026)
• Swedish Data Centre Revenues - in millions of Euro per annum (2022 to 2026)
• Swedish Public Cloud Revenues - in millions of Euro per annum (2022 to 2026)
• The Key Trends in the Swedish Data Centre Market
• Swedish Data Centre Outlook

List of Figures

Summary:
Figure 1: Total DC Space and Power for each surveyed country in the Nordics - beginning 2022
Figure 2: Total number of Data Centre Providers and Data Centre Facilities
Figure 3: A table showing the spread of Average Data Centre pricing rack space (from the lowest to the highest rate) in Euro per month - beginning 2022
Figure 4: A chart showing the utility cost in Euro per kWH for selected European Countries including Nordic countries
Figure 5: A table summarising Data Centre and Public Cloud Revenue growth in the Nordic in millions of Euro per annum - from 2022 to 2026
Figure 6: A table showing the total amount of Data Centre projects, new space & percentage growth  
Figure 7: A table showing a list of the new Data Centres to be launched from 2021 onwards
 
Denmark
Figure 1 - A simplified map of Denmark
Figure 2 - A table summarizing the key Data Centre Providers and Facilities in Denmark
Figure 3 - A picture showing the proposed DigiPlex Data Centre campus at Hoje-Taastrap, Denmark
Figure 4 - A map showing the location of GlobalConnect Data Centre facilities
Figure 5 - A pie chart showing key Data Centre Provider market share (by Data Centre raised floor space) as of the beginning of 2022 in percent
Figure 6 - A map showing the location of the GlobalConnect Data Centre facilities
Figure 7 - A chart showing the forecast Danish Data Centre raised floor space from the beginning of 2022 to the beginning of 2026 in m2
Figure 8 - A chart showing the forecast Danish Data Centre DCCP from the beginning of 2022 to the beginning of 2026 in MW
Figure 9 - A chart showing the average Data Centre rack space, m2 & kW rentals in Euro per month (2022 to 2026)
Figure 10 - A photograph showing the Apple Data Centre facility at Viborg in Denmark
Figure 11 - A chart showing forecast Danish Data Centre Revenues - in millions of Euro per annum (2022 to 2026)
Figure 12 - A chart showing forecast Danish Public Cloud Revenues - in millions of Euro per annum (2022 to 2026)
 
Finland
Figure 1 - A simplified map of Finland
Figure 2 - A table summarizing the key Data Centre Providers and Facilities in Finland
Figure 3 - A pie chart showing key Finnish Data Centre Provider market share by Data Centre raised floor space in m2 in percent as of the beginning of 2022
Figure 4 - A table showing the Ficolo Data Centre facilities in Finland
Figure 5 - A picture showing the solar power generated on the 28/2/22 at Ficolo’s The Rock DC
Figure 6 - A table showing the Equinix Data Centre facilities in Finland
Figure 7 - A photograph showing the Hetzner Online Helsinki Data Centre facility
Figure 8 - A chart showing the forecast Finnish Data Centre raised floor space from the beginning of 2022 to the beginning of 2026 in m2
Figure 9 - A chart showing the forecast Finnish Data Centre DCCP in MW from the beginning of 2022 to the beginning of 2026 in MW
Figure 10 - A chart and table showing the forecast average Data Centre rack space, m2 & kW rentals - in Euro per month (2022 to 2026)
Figure 11 - A chart showing the forecast Data Centre revenues from the beginning of 2022 to the beginning of 2026 in millions of Euro pa
Figure E12- A chart showing the forecast Public Cloud revenues from the beginning of 2022 to the beginning of 2026 in millions of Euro pa
 
Iceland
Figure 1 - A schematic showing the route of the proposed IRIS subsea cable system
Figure 2 - A simplified map of Iceland
Figure 3 - A table showing the key 3rd party Data Centre Providers & Facilities in Iceland 
Figure 4 - A picture showing a container in the Thor Data Centre facility
Figure 5 - A picture showing the North Mjolnir Data Centre campus
Figure 6 - A picture showing the construction phase of the Reykjavik DC
Figure 7 - A picture showing the Verne Global Data Centre facility
Figure 8 - A chart showing the forecast Icelandic Data Centre raised floor space from the beginning of 2022 to the beginning of 2026 - in m2 per annum
Figure 9 - A pie chart showing the key Data Centre Provider market share in Iceland by raised floor space - in percent
Figure 10 - A chart showing forecast Icelandic Data Centre Customer Power in MW per annum - from mid 2022 to mid 2026
Figure 11 - A chart showing the utility cost in Euro per kWH for selected European Countries including Iceland
Figure 12 - A table showing the utility industrial pricing in Euro per kWH for selected European Countries
Figure 13 - A chart showing forecast average Icelandic Data Centre Pricing (standard rack space, m2 & kW rentals) from the beginning of 2022 to the beginning of 2026 - in Euro per month 
Figure 14 - A table showing the spread of Data Centre rack space Pricing (from lowest to highest) for selected European Countries - in Euro per month
Figure 15 - A chart showing forecast Icelandic Data Centre Revenues in millions of Euro per annum - from the beginning of 2022 to the beginning of 2026
Figure 16 - A chart showing forecast Icelandic Public Cloud Revenues in millions of Euro per annum - from the beginning of 2022 to the beginning of 2026
 
Norway
Figure 1 - A simplified map of Norway
Figure 2 - A table summarizing the key Data Centre Providers and Facilities in Norway
Figure 3 - A pie chart showing the key Norwegian Data Centre Providers by Data Centre raised floor space in percent (as of the beginning of 2022)
Figure 4 - A table showing the Equinix Data Centre facilities in Norway
Figure 5 - A chart showing the forecast Norwegian Data Centre raised floor space from the beginning of 2022 to the beginning of 2026 in m2
Figure 6 - A chart showing the forecast Norwegian Data Centre DCCP in MW from the beginning of 2022 to the beginning of 2026 in MW
Figure 7 - A chart showing the industrial electricity cost in kWH for selected European Countries (in Euro per kWH)
Figure 8 - A chart and table showing the forecast average Data Centre rack space, m2 & kW rentals - in Euro per month (2022 to 2026)
Figure 9 - A table showing the spread of average Data Centre pricing rack space (from the lowest rate to the highest rate) in Euro per month
Figure 10 - A chart showing forecast Norwegian Data Centre Revenues - in millions of Euro per annum (2022 to 2026)
Figure 11 - A chart showing forecast Norwegian Public Cloud Revenues - in millions of Euro per annum (2022 to 2026)

Sweden
Figure 1 - A simplified map of Sweden
Figure 2 - A table summarizing the key Data Centre Providers and Facilities in Sweden
Figure 3 - A pie chart showing the key Swedish Data Providers - in raised floor space
Figure 4 - A picture showing the EcoDataCenter Falun facility
Figure 5 - A map showing the location of the Equinix Stockholm Data Centre facilities
Figure 6 - A table showing the Interxion Data Centre facilities in Sweden by raised floor space in percent as of the beginning of 2022
Figure 7 - A chart showing the forecast Swedish Data Centre raised floor space from the beginning of 2022 to the beginning of 2026 in m2
Figure 8 - A chart showing the forecast Swedish Data Centre DCCP in MW from the beginning of 2022 to the beginning of 2026 in MW
Figure 9 - A chart showing the industrial electricity cost in kWH for selected European Countries (in Euro per kWH)
Figure 10 - A chart and table showing the average Forecast Data Centre rack space, m2 & kW rentals in Euro per month (2022 to 2026)
Figure 11 - A table showing the spread of average Data Centre rack space pricing (from the lowest rate to the highest rate) in Euro per month
Figure 12 - A chart showing the forecast Swedish Data Centre Revenues - in millions of Euro per annum (2022 to 2026)
Figure 13 - A chart showing the forecast Swedish Public Cloud Revenues - in mil of Euro p/annum

Executive Summary

The Data Centre Nordics 2022 to 2026 report analyses the Denmark, Finland, Iceland, Norway and Sweden third-party Data Centre and Cloud markets over the period – and finds that the region has received new investment from international investors attracted by the potential for growth in low-cost power & renewable energy locations.
 
The Data Centre Nordics 2022 to 2026 report provides an update of the Data Centre Landscape in each market including subsea cable connectivity, Data Centre space, Data Centre power, Data Centre pricing and Data Centre revenues for each country over the period. It also provides a forecast for Public Cloud revenues in each of the five countries.     
 
From the report, the analyst finds that the Nordic Region is dominated by the Swedish and Norwegian markets - which each have around 120,000 m2 of third-party Data Centre raised floor space - but with the power of over 187 MW and 222 MW of power.
 
Norway and Sweden benefit from an abundance of low-cost renewable power with a wide range of Data Centres, ranging from HPC (High Performance Computing) facilities to wholesale campus facilities and colocation services.
 
The Nordics Region is attracting a series of inward investors. In Iceland at North and Verne Global, the two largest Icelandic Data Centre Providers have been acquired by Partners Group and D9 Infrastructure respectively with both companies announcing expansion plans. In Norway, wholesale Data Centre Provider Green Mountain has been acquired by Israeli property company Azrieli for USD $850 million and DigiPlex has been purchased by private equity fund IPI Partners, who have rebranded DigiPlex as STACK Infrastructure in March 2022.
 
The boom in Data Centre A&M activity in the Nordics Region reflects the high potential for future growth, as the Data Centre Providers switch from their domestic market to other markets, with at North developing their first non-Icelandic facility in Sweden - with plans for another facility with 50 MW of power in another undisclosed location underlying the next phase for the Nordic Data Centre - international expansion.   
 
The recent announcement of a new Data Centre facility development at the Falun campus of EcoDataCenter in central Sweden shows the unique characteristics of renewable Data Centres - based on a net zero carbon footprint using renewable power and connectivity to a municipal heating network.   
 
With the emphasis on low-cost renewable energy and the ability to significantly lower the Data Centre carbon footprint by deploying applications in the Nordics, the analyst finds that there is an opportunity for the Nordic Region to continue to expand its market reach and challenge the established Tier 1 European markets based on the most favourable energy costs in Europe.

• atNorth 
• Azrieli
• D9 Infrastructure 
• DigiPlex 
• EcoDataCenter 
• Green Mountain
• IPI Partners
• Verne Global

Methodology

The analyst researches its reports typically within a three-month period. All of its reports are based on primary and secondary research including interviews with relevant companies/operators covered in the report. The analyst also draws on its extensive in-house database and its contacts in the field of telecommunications it has established since the company was launched in 2006.

The analyst has 26-years of experience in the field of telecoms pricing both mobile and fixed. They have a network of consultants as well as a multi-lingual research team, with languages spoken French, German, Polish and Spanish.