The Swedish Data Center Rack Market reached a volume of around 62,000 in the previous year, and it is further projected to register a CAGR of 5.7% during the forecast period. 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.
The Sweden Data Center Rack Market is moderately competitive and has gained a competitive edge in recent years. In terms of market share, a few major players, such as Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise (HPE), ENOC SYSTEM AB, and Schneider Electric SE, currently dominate the market. These major players with a prominent market share focus on expanding their customer base across foreign countries.
In June 2023, Swedish startup Evroc planned to open a number of hyperscale data centers across Europe. The company raised EUR 13 million (USD 13.9 million) in a pre-seed round but will increase that to EUR 3 billion (USD 3.2 billion) over the next two years as it develops and operates two hyperscale data centers in Europe. The new DC facilities would increase the demand for data center racks in the coming years.
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