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The Nordic Data Center Colocation Market was valued at USD 844 Million in 2023, and is expected to reach USD 1.61 billion by 2029, rising at a CAGR of 11.42%. Speak directly to the analyst to clarify any post sales queries you may have.
KEY HIGHLIGHTS
- In the Nordic region, data centers are a reliable source of eco-friendly electricity and a climate that naturally lowers the requirement for costly cooling systems.
- Data center operators are placing more value on the sustainability benefits offered by the Nordics. In addition, as high-performance computing (HPC) becomes prevalent, the abundant electricity supply in many parts of the region will be crucial for meeting the significant power needs of future data centers.
- Facilities in the Nordic data center colocation market seek ways to reduce power expenses. Companies like atNorth and Borealis are testing a platform created by a local start-up called Snerpa Power. This platform aims to assist businesses in predicting their electricity usage and enables them to automatically make bids in the market to aid grid operators in balancing supply and demand.
- As high-performance computing (HPC) becomes common and the demand for data applications keeps growing, companies must explore data storage options beyond the usual places.
KEY MARKET TRENDS
Sustainable Initiatives
The Nordic countries are committed to becoming carbon-neutral, striving to be the most sustainable and interconnected region globally. Further, collaboration to ensure reliable, cost-effective, and eco-friendly energy is essential for reaching this goal. Among these nations - Sweden, Norway, Finland, and Denmark - there's a growing adoption of solar PV technology following a recent increase in installations. Norway, ranked seventh globally for hydropower and the largest in Europe, has a remarkable hydropower system.Adoption of Artificial Intelligence (AI)
The Nordic countries are increasingly committed to adopting AI. As the overall trend of AI usage continues to grow, companies in these nations are increasing their investments in AI development. Governments across the Nordic region are also taking action to incorporate AI into their operations. For instance, in October 2023, the Norwegian Ministry of Defence introduced a strategy to integrate AI to enhance Norway's security and defense policies.SEGMENTATION INSIGHTS
The Nordic data center colocation market consists of three main parts: electrical infrastructure, mechanical infrastructure, and general construction. These parts are closely connected and rely on each other. Thanks to the cool weather in the region, most facilities utilize free cooling systems instead of investing in advanced cooling technology. However, some underground facilities, like Verne Global's, still use liquid cooling. Reliable power backup facilities such as UPS systems and generators are essential to keep these centers operational. In addition, ensuring physical security and fire safety is crucial for smooth day-to-day operations, protecting against external threats and internal risks.The report includes the investment in the following areas:
Segmentation by Colocation Services
- Retail Colocation
- Wholesale Colocation
Segmentation by Support Infrastructure
- Electrical Infrastructure
- Mechanical Infrastructure
- General Construction
Segmentation by Electrical Infrastructure
- UPS Systems
- Generators
- Transfer Switches & Switchgear
- PDUs
- Other Electrical Infrastructure
Segmentation by Mechanical Infrastructure
- Cooling Systems
- Racks
- Other Mechanical Infrastructure
Segmentation by Cooling Systems
- CRAC & CRAH Units
- Chiller Units
- Cooling Towers, Condensers & Dry Coolers
- Economizers & Evaporative Coolers
- Other Cooling Units
Segmentation by Cooling Techniques
- Air-based Cooling
- Liquid-based Cooling
Segmentation by General Construction
- Core & Shell Development
- Installation & Commissioning Services
- Engineering & Building Design
- Fire Detection & Suppression
- Physical Security
- DCIM/BMS Solutions
Segmentation by Tier Standards
- Tier I & II
- Tier III
- Tier IV
GEOGRAPHICAL ANALYSIS
Facilities in the Nordic data center colocation market are expanding rapidly, driven by the region's abundant, low-cost renewable energy and natural cooling capabilities. The climate and resources in the Nordics present great opportunities for data center operators to capitalize on these advantages, reducing costs and improving energy efficiency. Unlike other areas, the colder temperatures here allow for natural free cooling. However, global supply chain issues are causing frequent delays in obtaining necessary power and temperature installations, leading to difficulties meeting project deadlines. Nevertheless, Norway, Denmark, and Sweden are leading the way in driving developments across the Nordic region.Segmentation by Nordic
- Denmark
- Norway
- Sweden
- Finland & Iceland
VENDOR LANDSCAPE
Many significant players, including Green Mountain, atNorth, Stack Infrastructure, DATAROOM, Verne Global, Equinix, and Digital Realty, are investing in the Nordic data center colocation market. In addition, newcomers such as Elementica, Hyperco, and Prime Data Center are making their mark in the Nordic data center colocation market. Major colocation operators from around the globe are expected to join in investing in the region. This growing investment in regional data centers will pave the way for even more future investments.Prominent Data Center Investors
- atNorth
- Borealis Data Centers
- Bulk Infrastructure
- Conapto
- Digital Realty
- Green Mountain
- GlobalConnect
- Verne Global
- Evroc
- Equinix
- Prime Data Center
- EcoDataCenter
- AQ Compute
- Lefdal Mine Datacenter
- NDC-GARBE Data Centers Europe
- STACK Infrastructure
New Entrants
- Elementica
- Hyperco
- STORESPEED
KEY QUESTIONS ANSWERED:
1. What is the growth rate of the Nordic data center colocation market?2. How big is the Nordic data center colocation market?
3. What is the estimated market size in terms of area in the Nordic data center colocation market by 2029?
4. What are the key trends in the Nordic data center colocation market?
5. How many MW of power capacity is expected to reach the Nordic data center colocation market by 2029?
Table of Contents
1. Report Coverage
3. Premium Insights
4. Introduction
5. Market Opportunities & Trends
6. Market Growth Enablers
7. Market Restraints
8. Market Landscape
9. Colocation Services
10. Support Infrastructure
11. Electrical Infrastructure
12. Mechanical Infrastructure
13. Cooling Systems
14. Cooling Techniques
15. General Construction
16. Tier Standards
17. Nordic
18. Competitive Landscape
19. Prominent Data Center Investors
20. New Entrants
21. Quantitative Summary
22. Appendix
List of Exhibits
List of Tables
Companies Mentioned
- atNorth
- Borealis Data Centers
- Bulk Infrastructure
- Conapto
- Digital Realty
- Green Mountain
- GlobalConnect
- Verne Global
- Evroc
- Equinix
- Prime Data Center
- EcoDataCenter
- AQ Compute
- Lefdal Mine Datacenter
- NDC-GARBE Data Centers Europe
- STACK Infrastructure
- Elementica
- Hyperco
- STORESPEED
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 248 |
| Published | October 2024 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value ( USD | $ 844 Million |
| Forecasted Market Value ( USD | $ 1615 Million |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Denmark, Finland, Iceland, Norway, Sweden |
| No. of Companies Mentioned | 19 |
