The Sweden Data Center Power Market size is estimated at USD 201.80 million in 2024, and is expected to reach USD 279.20 million by 2029, growing at a CAGR of 3.89% during the forecast period (2024-2029).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
An increasing need for data storage has resulted in an upsurge in the number of data centers, and the rising usage of data centers has increased electricity consumption in the country. The country has made clear progress in increasing competition in electricity and natural gas markets. It has reduced the use of fossil fuels and increased the share of renewable energy to achieve the energy policy goal of 100% renewable electricity production by 2040. The country’s economy is also becoming less energy-intensive. Moreover, to further reduce energy consumption, key market players are introducing efficient power management systems such as PDUs, busways, and UPS to control unnecessary expenditures in data centers, which is expected to increase market growth.
The upcoming DC construction projects in the country will increase the demand for the Swedish data center power market in the coming years. The Swedish data center power market is moderately consolidated, with some players, including ABB Ltd, Cummins Inc., Eaton Corporation, Legrand Group, and Vertiv Group Corp. These major players, with a prominent market share, focus on expanding their regional customer base.
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