Nordic Data Center Market - Industry Outlook & Forecast 2022-2027

Nordic Data Center Market - Industry Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Nordic Data Center Market Report

Nordic data center market witnessed investments of USD 5.24 billion in 2021 and will witness investments of USD 10.21 billion by 2027, growing at a CAGR of 11.76 % during 2022-2027.

The Nordics is a favorable investment area for hyperscale, colocation, and cryptocurrency data centers. Hyperscale data center operators have opted to open many self-built cloud data centers in the Nordics to support local and regional customers. The adoption of cloud-based services, big data analytics, and IoT services has grown significantly by local enterprises across the Nordics, boosting local colocation demand in the market.

The following factors are likely to contribute to the growth of the Nordics data center market –

  • Increase in Connectivity (Submarine Cables & Internal Connectivity)
  • Impact 5G Fueling Data Center Deployment
  • Increasing Adoption of District Heating Concept
  • Growing Artificial Intelligence Adoption
  • Growing Government/Industry Initiatives
  • Impact Innovations in the Data Center Industry
KEY HIGHLIGHTS
  • Nordic is expected to witness over USD 8 billion of cumulative investments through the development of data centers by hyperscale operators during 2022-2027.
  • Digital Realty, Equinix, Green Mountain, atNorth, and Hetzner Online are the prominent data center operators that invested around 20% of the total investment in 2021. Data center operators are likely to make more investments in the region.
  • In terms of investments by data center operators, the Denmark data center market is leading with around 30% of total investments in the Nordics, followed by Sweden and Norway.
  • The data center operators and associations signed a European Green Deal to reduce greenhouse gas and nullify greenhouse gas emissions across Europe. The awareness of renewable energy procurement will increase along with the construction of data center facilities in the region. This will drive demand for the carbon-free data center.
NORDIC DATA CENTER MARKET SEGMENTS

The Nordics data center market is segmented on the basis of-
  • Infrastructure
  • IT infrastructure
  • Electrical Infrastructure
  • Mechanical Infrastructure
  • Cooling Systems
  • Cooling Technique
  • General Construction
  • Tier Standard
  • Facility
  • Geography
NORDICS DATA CENTER MARKET SEGMENTATION
  • IT Infrastructure: High-performance computing workloads will drive the demand for HPC systems in Nordics data centers. The majority of these workloads are non-critical in nature. Also, hyperscale operators consider deploying in Nordic as cold-storage facilities or disaster recovery centers.
  • UPS Systems: Over USD 1.7 billion will be spent on procurement and deployment of UPS systems and batteries across Nordic data centers during 2022-2027. In Nordic countries, the adoption of lithium-ion batteries is increasing. In 2020, Ecodatacenter partnered with Schneider Electric to develop an ultra-low-carbon-footprint data center in Falun by installing Galaxy VX UPS with lithium-ion and MasterPact MTZ solutions.
  • Cooling Systems: Around USD 1.5 will be spent on procuring and deployment of free cooling chillers, economizers, and evaporative cooling units for data centers in Nordics during 2022-2027. Along with air-based cooling, the data center operators are likely to adopt liquid emersion cooling for the data centers. For instance, in 2020, Iceotope partnered with Schneider Electric and Avnet to provide the chassis-level liquid immersion cooling solution to EcoDataCenter’s colocation facility in Sweden.
Market Segmentation by Infrastructure
  • IT Infrastructure
  • Electrical Infrastructure
  • Mechanical Infrastructure
  • General Construction
Market Segmentation by IT Infrastructure
  • Server Infrastructure
  • Storage Infrastructure
  • Network Infrastructure
Market Segmentation by Electrical Infrastructure
  • UPS Systems
  • Generators
  • Transfer Switches & Switchgear
  • Power Distribution Units
  • Other Electrical Infrastructure
Market Segmentation by Mechanical Infrastructure
  • Cooling Systems
  • Racks
  • Other Mechanical Infrastructure
Market Segmentation by Cooling Systems
  • CRAC & CRAH Units
  • Chiller Units
  • Cooling Towers
  • Condensers & Dry Coolers
  • Evaporative Coolers
  • Other Cooling Units
Market Segmentation by Cooling Technique
  • Air-Based Cooling Technique
  • Liquid-Based Cooling Technique
Market Segmentation by General Construction
  • Core & Shell Development
  • Installation & Commissioning Services
  • Engineering & Building Design
  • Physical Security
  • Fire Detection & Suppression
  • DCIM/BMS
Market Segmentation by Tier Standard
  • Tier I & II
  • Tier III
  • Tier IV
Market Segmentation by Facility
  • Hyperscale Data Centers
  • Enterprise Data Centers
  • Colocation Data Centers
GEOGRAPHICAL ANALYSIS
  • Denmark: Denmark to record a CAGR of about 19.15% during 2021-2027. Digital Realty, Facebook, and Google are Denmark's major data center investors. Denmark has an abundance of renewable energy, and the government is focussing on the generation of green energy. The Denmark government is focusing on attracting investments from various operators providing various incentives, developing areas for data centers. Facebook, Google, and DigiPlex have several acres of land for data center development or expansion in Denmark.
  • Norway: Norway to record a CAGR of around 20% during 2021-2027. In June 2021, the Norwegian data center industry announced the establishment of Norsk Datasenterindustri (Norwegian Data Center Industry), an industry association to strengthen the data center industry in Norway. The association includes data center operators, including Digiplex and Green Mountain, as well as power companies such as Ringerikskraft and Statkraft. It will come under the umbrella of IKT-Norge.
Market Segmentation by Geography
  • Sweden
  • Finland
  • Denmark
  • Norway
  • Iceland
VENDOR LANDSCAPE
  • In October 2021, NetApp acquired a cloud optimization platform “CloudCheckr” which will provide security, maintenance, and also optimize cloud resources.
  • Caverion acquired RPH Linc AB, a systems integrator for various electrical security for various customers in Stockholm, Sweden.
  • Hyperscale providers continue to dominate through the adoption of ODM solutions through their self-built facilities and collocated cloud regions across the Nordics, thus fuelling demand for hyperscale data centers in the Nordic region.
Prominent IT Infrastructure Providers
  • Arista Networks
  • Atos
  • Broadcom
  • Cisco Systems
  • Dell Technologies
  • Hewlett Packard Enterprise (HPE)
  • Huawei Technologies
  • IBM
  • Juniper Networks
  • Lenovo
  • NetApp
  • Oracle
Prominent Support Infrastructure Providers
  • ABB
  • Alfa Laval
  • Carrier
  • Caterpillar
  • Cummins
  • Eaton
  • HITEC Power Protection
  • Legrand
  • NetNordic
  • Reillo Elettronica
  • Rittal
  • Rolls-Royce Power Systems
  • Schneider Electric
  • Socomec
  • STULZ
  • Trane Technologies
  • Vertiv Group
Prominent Construction Contractors
  • Arup Group
  • Coromatic
  • Caverion
  • COWI
  • Designer Group
  • RED
  • Dornan
  • Exyte
  • Gottlieb Paludan Architects
  • Granlund Group
  • MT Hojgaard
  • Mace Group
  • ISG
  • Sweco
  • Mercury
  • Ramboll Group
  • YIT
Prominent Data Center Investments
  • Apple
  • AQ Compute
  • atNorth
  • Bahnhof
  • DigiPlex
  • Digital Realty
  • EcoDataCenter
  • Equinix
  • Green Mountain
  • Google
  • Facebook
  • Microsoft
KEY QUESTIONS ANSWERED:

1. Which region is expected to grow the highest CAGR during the forecast period?

2. What are the various trends in the Nordic Data Center market?

3. Who are the key players in the Nordic Data center market?

4. What is the size and share of the Nordic data center market?

5. What is the COVID-19 impact on the Data center market in Nordic?


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Market Segments
4.3.1 Market Segmentation by Infrastructure
4.3.2 Market Segmentation by IT Infrastructure
4.3.3 Market Segmentation by Electrical Infrastructure
4.3.4 Market Segmentation by Mechanical Infrastructure
4.3.5 Market Segmentation by Cooling Systems
4.3.6 Market Segmentation by Cooling Techniques
4.3.7 Market Segmentation by General Construction
4.3.8 Market Segmentation by Facility Type
4.3.9 Market Segmentation by Tier Standards
4.3.10 Market Segmentation by Geography
4.4 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Market Snapshot
7.2 Data Center Site Selection Criteria
7.2.1 Key
7.3 List of Submarine Cables
8 Market Opportunities & Trends
8.1 Increase in Connectivity (Submarine Cables & Internal Connectivity)
8.2 5G Fueling Data Center Deployment
8.3 Increasing Adoption of District Heating Concept
8.4 Growing Artificial Intelligence Adoption
8.5 Growing Government/Industry Initiatives
8.6 Innovations in Data Center Industry
9 Market Growth Enablers
9.1 Covid-19 To Boost Data Center Investments
9.2 Carbon-Free Data Centers
9.3 Rising Adoption of Cloud-Based Services
9.4 Growing Investments in Data Centers
9.5 Big Data and IOT Boost Data Center Investments
9.6 Free Cooling Lowers Pue of Data Centers
10 Market Restraints
10.1 Lack of Skilled Workforce
10.2 Security Challenges in Data Centers
10.3 High Procurement Cost of Efficient Infrastructure
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Area: Market Size & Forecast
11.4 Power Capacity: Market Size & Forecast
11.5 Five Forces Analysis
11.5.1 Threat of New Entrants
11.5.2 Bargaining Power of Suppliers
11.5.3 Bargaining Power of Buyers
11.5.4 Threat of Substitutes
11.5.5 Competitive Rivalry
12 Facility
12.1 Investment: Market Snapshot & Growth Engine
12.2 Area: Market Snapshot & Growth Engine
12.3 Power Capacity: Market Snapshot & Growth Engine
12.4 Colocation Data Centers
12.4.1 Market Overview
12.4.2 Investment: Market Size & Forecast
12.4.3 Area: Market Size & Forecast
12.4.4 Power Capacity: Market Size & Forecast
12.5 Hyperscale Data Centers
12.5.1 Market Overview
12.5.2 Investment: Market Size & Forecast
12.5.3 Area: Market Size & Forecast
12.5.4 Power Capacity: Market Size & Forecast
12.6 Enterprise Data Centers
12.6.1 Market Overview
12.6.2 Investment: Market Size & Forecast
12.6.3 Area: Market Size & Forecast
12.6.4 Power Capacity: Market Size & Forecast
13 Infrastructure
13.1 Market Snapshot & Growth Engine
13.2 IT Infrastructure
13.2.1 Market Overview
13.2.2 Market Size & Forecast
13.3 Electrical Infrastructure
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.4 Mechanical Infrastructure
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.5 General Construction
13.5.1 Market Overview
13.5.2 Market Size & Forecast
14 IT Infrastructure
14.1 Market Snapshot & Growth Engine
14.2 Server Infrastructure
14.2.1 Market Overview
14.2.2 Market Size & Forecast
14.3 Storage Infrastructure
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.4 Network Infrastructure
14.4.1 Market Overview
14.4.2 Market Size & Forecast
15 Electrical Infrastructure
15.1 Market Snapshot & Growth Engine
15.2 UPS Systems
15.2.1 Market Overview
15.2.2 Market Size & Forecast
15.3 Generators
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.4 Transfer Switches & Switchgear
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Power Distribution Units
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.6 Other Electrical Infrastructure
15.6.1 Market Overview
15.6.2 Market Size & Forecast
16 Mechanical Infrastructure
16.1 Market Snapshot & Growth Engine
16.2 Cooling Systems
16.2.1 Market Overview
16.2.2 Market Size & Forecast
16.3 Racks
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.4 Other Mechanical Infrastructure
16.4.1 Market Overview
16.4.2 Market Size & Forecast
17 Cooling Systems
17.1 Market Snapshot & Growth Engine
17.2 CRAC & CRAH Units
17.2.1 Market Overview
17.2.2 Market Size & Forecast
17.3 Chiller Units
17.3.1 Market Overview
17.3.2 Market Size & Forecast
17.4 Cooling Towers, Condensers & Dry Coolers
17.4.1 Market Overview
17.4.2 Market Size & Forecast
17.5 Economizers & Evaporative Coolers
17.5.1 Market Overview
17.5.2 Market Size & Forecast
17.6 Other Cooling Units
17.6.1 Market Overview
17.6.2 Market Size & Forecast
18 Cooling Technique
18.1 Market Snapshot & Growth Engine
18.2 Air-Based Cooling Techniques
18.2.1 Market Overview
18.2.2 Market Size & Forecast
18.3 Liquid-Based Cooling Techniques
18.3.1 Market Overview
18.3.2 Market Size & Forecast
19 General Construction
19.1 Market Snapshot & Growth Engine
19.2 Core & Shell Development
19.2.1 Market Overview
19.2.2 Market Size & Forecast
19.3 Installation & Commissioning Services
19.3.1 Market Overview
19.3.2 Market Size & Forecast
19.4 Engineering & Building Design
19.4.1 Market Overview
19.4.2 Market Size & Forecast
19.5 Fire Detection & Suppression
19.5.1 Market Overview
19.5.2 Market Size & Forecast
19.6 Physical Security
19.6.1 Market Overview
19.6.2 Market Size & Forecast
19.7 DCIM/BMS Solutions
19.7.1 Market Overview
19.7.2 Market Size & Forecast
20 Tier Standards
20.1 Market Snapshot & Growth Engine
20.2 Overview of Tier Standards
20.3 Tier I & II
20.3.1 Market Overview
20.3.2 Market Size & Forecast
20.4 Tier III
20.4.1 Market Overview
20.4.2 Market Size & Forecast
20.5 Tier IV
20.5.1 Market Overview
20.5.2 Market Size & Forecast
21 Geography
21.1 Market Snapshot & Growth Engine
21.2 Area: Snapshot & Growth Engine
21.3 Power Capacity: Snapshot & Growth Engine
22 Denmark
22.1 Market Snapshot
22.1.1 Market Overview
22.2 Investment: Market Size & Forecast
22.3 Area: Market Size & Forecast
22.4 Power Capacity: Market Size & Forecast
22.5 Support Infrastructure: Market Size & Forecast
23 Norway
23.1 Market Snapshot
23.1.1 Market Overview
23.2 Investment: Market Size & Forecast
23.3 Area: Market Size & Forecast
23.4 Power Capacity: Market Size & Forecast
23.4.1 Support Infrastructure: Market Size & Forecast
24 Sweden
24.1 Market Snapshot
24.1.1 Market Overview
24.2 Investment: Market Size & Forecast
24.3 Area: Market Size & Forecast
24.4 Power Capacity: Market Size & Forecast
24.4.1 Support Infrastructure: Market Size & Forecast
25 Finland
25.1 Market Snapshot
25.1.1 Market Overview
25.2 Investment: Market Size & Forecast
25.3 Area: Market Size & Forecast
25.4 Power Capacity: Market Size & Forecast
25.4.1 Support Infrastructure: Market Size & Forecast
26 Iceland
26.1 Market Snapshot
26.1.1 Market Overview
26.2 Investment: Market Size & Forecast
26.3 Area: Market Size & Forecast
26.4 Power Capacity: Market Size & Forecast
26.5 Support: Market Size & Forecast
27 Competitive Landscape
27.1 IT Infrastructure
27.2 Electrical Infrastructure
27.3 Mechanical Infrastructure
27.4 General Construction
28 Prominent It Infrastructure
28.1 ARISTA NETWORKS
28.1.1 Business Overview
28.1.2 Product Offerings
28.2 ATOS
28.2.1 Business Overview
28.2.2 Product Offerings
28.3 BROADCOM
28.3.1 Business Overview
28.3.2 Product Offerings
28.4 CISCO SYSTEMS
28.4.1 Business Overview
28.4.2 Product Offerings
28.5 DELL TECHNOLOGIES
28.5.1 Business Overview
28.5.2 Product Offerings
28.6 HEWLETT PACKARD ENTERPRISE
28.6.1 Business Overview
28.6.2 Product Offerings
28.7 HUAWEI TECHNOLOGIES
28.7.1 Business Overview
28.7.2 Product Offerings
28.7.3 Key News:
28.8 IBM
28.8.1 Business Overview
28.8.2 Product Offerings
28.9 JUNIPER NETWORKS
28.9.1 Business Overview
28.9.2 Product Offerings
28.10 LENOVO
28.10.1 Business Overview
28.10.2 Product Offerings
28.11 NETAPP
28.11.1 Business Overview
28.11.2 Product Offerings
28.12 ORACLE
28.12.1 Business Overview
28.12.2 Product Offerings
29 Prominent Support Infrastructure
29.1 ABB
29.1.1 Business Overview
29.1.2 Product Offerings
29.2 ALFA LAVAL
29.2.1 Business Overview
29.2.2 Product Offerings
29.3 CARRIER
29.3.1 Business Overview
29.3.2 Product Offerings
29.4 CATERPILLAR
29.4.1 Business Overview
29.4.2 Product Offerings
29.5 CUMMINS
29.5.1 Business Overview
29.5.2 Product Offerings
29.6 EATON
29.6.1 Business Overview
29.6.2 Product Offerings
29.7 HITEC-POWER PROTECTION
29.7.1 Business Overview
29.7.2 Product Offerings
29.8 LEGRAND
29.8.1 Business Overview
29.8.2 Product Offerings
29.9 NETNORDIC
29.9.1 Business Overview
29.9.2 Product Offerings
29.10 RIELLO ELETTRONICA (RIELLO UPS)
29.10.1 Business Overview
29.10.2 Product Offerings
29.11 RITTAL
29.11.1 Business Overview
29.11.2 Product Offerings
29.12 ROLLS-ROYCE POWER SYSTEMS
29.12.1 Business Overview
29.12.2 Product Offerings
29.13 SCHNEIDER ELECTRIC
29.13.1 Business Overview
29.13.2 Product Offerings
29.14 SOCOMEC
29.14.1 Business Overview
29.14.2 Product Offerings
29.15 STULZ
29.15.1 Business Overview
29.15.2 Product Offerings
29.16 TRANE TECHNOLOGIES (INGERSOLL RAND)
29.16.1 Business Overview
29.16.2 Product Offerings
29.17 VERTIV
29.17.1 Business Overview
29.17.2 Product Offerings
30 Prominent Construction Contractors
30.1 ARUP
30.1.1 Business Overview
30.1.2 Service Offerings
30.2 COROMATIC (E. ON)
30.2.1 Business Overview
30.2.2 Service Offerings
30.3 CAVERION
30.3.1 Business Overview
30.3.2 Service Offerings
30.4 COWI
30.4.1 Business Overview
30.4.2 Service Offerings
30.5 DESIGNER GROUP
30.5.1 Business Overview
30.5.2 Service Offerings
30.6 RED
30.6.1 Business Overview
30.6.2 Service Offerings
30.7 DORNAN
30.7.1 Business Overview
30.7.2 Service Offerings
30.8 EXYTE (M+W GROUP)
30.8.1 Business Overview
30.8.2 Service Offerings
30.9 GOTTLIEB PALUDAN ARCHITECTS
30.9.1 Business Overview
30.9.2 Service Offerings
30.10 GRANLUND GROUP
30.10.1 Business Overview
30.10.2 Service Offerings
30.11 MT HOJGAARD
30.11.1 Business Overview
30.11.2 Service Offerings
30.12 MACE GROUP
30.12.1 Business Overview
30.12.2 Service Offerings
30.13 ISG
30.13.1 Business Overview
30.13.2 Service Offerings
30.14 SWECO
30.14.1 Business Overview
30.14.2 Service Offerings
30.15 MERCURY
30.15.1 Business Overview
30.15.2 Service Offerings
30.16 RAMBOLL GROUP
30.16.1 Business Overview
30.16.2 Service Offerings
30.17 YIT
30.17.1 Business Overview
30.17.2 Service Offerings
31 Prominent Data Center Investors
31.1 APPLE
31.1.1 Business Overview
31.1.2 Service Offerings
31.2 AQ COMPUTE
31.2.1 Business Overview
31.2.2 Service Offerings
31.3 ATNORTH (PARTNERS GROUP)
31.3.1 Business Overview
31.3.2 Service Offerings
31.4 BAHNHOF
31.4.1 Business Overview
31.4.2 Service Offerings
31.5 DIGIPLEX (IPI PARTNERS)
31.5.1 Business Overview
31.5.2 Service Offerings
31.6 DIGITAL REALTY
31.6.1 Business Overview
31.6.2 Service Offerings
31.7 ECODATACENTER
31.7.1 Business Overview
31.7.2 Service Offerings
31.8 EQUINIX
31.8.1 Business Overview
31.8.2 Service Offerings
31.9 GREEN MOUNTAIN
31.9.1 Business Overview
31.9.2 Service Offerings
31.10 VERNE GLOBAL
31.10.1 Business Overview
31.10.2 Service Offerings
31.11 GOOGLE
31.11.1 Business Overview
31.11.2 Service Offerings
31.12 FACEBOOK
31.12.1 Business Overview
31.12.2 Service Offerings
31.13 MICROSOFT
31.13.1 Business Overview
31.13.2 Service Offerings
32 Report Summary
32.1 Key Takeaways
33 Quantitative Summary
33.1 Nordics Data Center Market
33.1.1 Investment: Market Size & Forecast
33.1.2 IT Investment: Market Size & Forecast
33.1.3 Investment: Market Size & Forecast
33.2 Market Segmentation
33.2.1 IT Infrastructure: Market Size & Forecast
33.2.2 Electrical Infrastructure: Market Size & Forecast
33.2.3 Mechanical Infrastructure: Market Size & Forecast
33.2.4 General Infrastructure: Market Size & Forecast
33.2.5 Cooling Systems: Market Size & Forecast
33.2.6 Cooling Techniques: Market Size & Forecast
33.2.7 Tier Standards: Market Size & Forecast
33.2.8 Facility Investment: Market Size & Forecast
33.2.9 Area: Market Size & Forecast
33.2.10 Power Capacity: Market Size & Forecast
33.3 Market By Geography
33.3.1 Investment: Market Size & Forecast
33.3.2 Area: Market Size & Forecast
33.3.3 Power Capacity: Market Size & Forecast
33.4 Denmark
33.4.1 Investments: Market Size & Forecast
33.4.2 Infrastructure: Market Size & Forecast
33.5 Norway
33.5.1 Investments: Market Size & Forecast
33.5.2 Infrastructure: Market Size & Forecast
33.6 Sweden
33.6.1 Investments: Market Size & Forecast
33.6.2 Infrastructure: Market Size & Forecast
33.7 Finland
33.7.1 Investments: Market Size & Forecast
33.7.2 Infrastructure: Market Size & Forecast
33.8 Iceland
33.8.1 Investments: Market Size & Forecast
33.8.2 Infrastructure: Market Size & Forecast
34 Appendix
34.1 Abbreviations

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