Nordic Data Center Construction Market Poised to Hit $2.57 Billion by 2028 – Arizton

According to Arizton’s latest research report, the Nordic data center construction market will grow at a CAGR of 7.33% during 2022-2028.

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In Europe, the Nordics region is preferable for data center development by some major hyperscale and colocation operators. Hyperscale operators such as Google, Microsoft, Apple, Meta (Facebook) Oracle, among others, opted to open their self-built cloud regions to support the high demand from regional and local customers. In cloud adoption, public and hybrid cloud environments are witnessing strong growth. The local enterprise has significantly adopted cloud-based services, IoT services, and big data analytics, which have boosted the local colocation demand in the market. The Nordics data center market received investments from local colocation operators such as atNorth, AQ Compute, and Hetzner Online. Government entities in Nordic countries are moving toward digitalization and are constructing data centers to support their digital transformation goals.

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Key Insights

• Denmark has topped the list amongst Nordic countries, investing more than USD 500 million in 2022. Sweden and Norway followed Denmark in terms of high investments in 2022.
• Operators are signing PPA with renewable energy providers to increase sustainability by decreasing their carbon footprint. For instance, Telia and Telenor signed a PPA with Better Energy for a solar park construction in Denmark.
• There is increased growth in cloud regions set up by multiple hyperscale data center operators, such as Google, Microsoft, AWS, Oracle, and Meta.
• There is an increase in initiatives being taken by various governments across the regions to make the respective countries carbon-neutral in the future. Operators are moving through more sustainable construction methods like wood and mycelium.
• Supply chain disruptions, increasing inflation rates, shortage of skilled workforce, and political disturbances in Russia will likely hurt the market.

In Nordics, renewable energy sources such as wind, geothermal, and hydro are abundant. Operators are aligning their goals with the carbon-neutral goals of the respective countries. For instance, Green Mountain, a colocation operator, uses 100% of renewable energy in its data center operations.

Denmark is setting up energy islands to harness the resources in the Baltics and will be the first in the world. They will have the capacity to not only supply Denmark but also supply neighboring countries. Also, Nordic Governments are releasing policies relating to sustainability and energy reuse. For instance, the Swedish Government released energy policies such as the Electricity Certificate System to ensure energy is used through renewable energy sources such as solar, wind, hydro, or geothermal. Various countries are providing tax incentives for investors based locally or even globally, which will aid in constructing data centers. The Government of Denmark launched a Green Tax Reform and green R&D, which falls under the Danish Recovery and Resilience Plan, for which a USD 250 million investment is planned. Further, Norway has an abundance of hydropower supply; therefore, the government provides favorable and flexible tax rates on the consumed electricity to the industries which are energy intensive.

Investments Overview

• Danish digital competitiveness ranked 4th among 64 countries in 2022, according to the IMD World Digital Competitiveness Ranking. The Danish Information and Communications Technology (ICT) industry is valued at around $35 billion. It is highly developed and focuses mainly on software services and development.
• The Digital Growth Strategy, 2025 of Denmark aims to contribute toward the digital transformation of the whole country. This is done by collaborating with sectors and industries such as social partners and trading associations.
• Copenhagen is a major destination for data center development as it hosts major ICT companies and has a strong start-up ecosystem.
• Sweden is one of the industrially advanced countries in the Nordics. The data centers being developed currently are well aligned with long-term sustainability goals. Sweden is very favorable for data center development due to low taxes on green investments and low power costs. The country stands at the forefront of excellence in technology, stability, and sustainability driving immense data center investments.
• Stockholm is a major contributor to data center investments as more than half of the internet traffic of the Nordics flows through it. It is one of the largest markets for colocation in the Nordics, having more than 125 network providers and a population of 350 million in the vicinity of its data centers.

The report includes the investment in the following areas: 

Facility

• Hyperscale Data Centers
• Enterprise Data Centers
• Colocation Data Centers

Infrastructure

• Electrical Infrastructure
• Mechanical Infrastructure
• General Construction

Electrical Infrastructure

• UPS Systems
• Generators
• Transfer Switches & Switchgear
• PDUs
• Other Electrical Infrastructure

Mechanical Infrastructure

• Cooling Systems
• Racks
• Other Mechanical Infrastructure

Cooling Systems

• CRAC and CRAH Units
• Chillers Units
• Cooling Towers, Condensers, and Dry Coolers
• Economizers & Evaporative Coolers
• Other Cooling Units

Cooling Techniques

• Air-based Cooling
• Liquid-based Cooling

General Construction

• Core & Shell Development
• Installation & Commissioning Services
• Engineering & Building Design
• Fire Detection & Suppression
• Physical Security
• DCIM/BMS Solutions

Tier Standard

• Tier I & Tier II
• Tier III
• Tier IV

Geography

• Denmark
• Sweden
• Norway
• Finland & Iceland

Major Vendors

Prominent Support Infrastructure

• 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

Prominent Construction Contractors

• Arup
• Coromatic
• Caverion
• COWI
• Designer Group
• RED
• Dornan
• EXYTE (M+W GROUP)
• Gottlieb Paludan Architects
• Granlund Group
• MT Hojgaard
• Mace Group
• ISG
• Sweco
• Mercury
• Ramboll Group
• YIT

Prominent Data Center Investors

• Apple
• AQ Compute
• atNorth
• Bahnhof
• DigiPlex (IPI Partners)
• Digital Realty
• EcoDataCenter
• Equinix
• Green Mountain
• Hyperco
• Verne Global
• Google
• Meta
• Microsoft

Check Out Some of the Top-Selling Research Reports:  

Western Europe Data Center Construction Market – Industry Outlook & Forecast 2023-2028

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Europe Data Center Colocation Market – Industry Outlook & Forecast 2022-2027

Europe Data Center Power Market – Industry Outlook & Forecast 2022-2027

Table of Content

1 RESEARCH METHODOLOGY 

2 RESEARCH OBJECTIVES 

3 RESEARCH PROCESS 

4 SCOPE & COVERAGE 

4.1 MARKET DEFINITION 

4.2 BASE YEAR 

4.3 SCOPE OF THE STUDY 

4.3.1 MARKET SEGMENTATION BY FACILITY TYPE 

4.3.2 MARKET SEGMENTATION BY INFRASTRUCTURE 

4.3.3 MARKET SEGMENTATION BY ELECTRICAL INFRASTRUCTURE 

4.3.4 MARKET SEGMENTATION BY MECHANICAL INFRASTRUCTURE 

4.3.5 MARKET SEGMENTATION BY COOLING SYSTEM 

4.3.6 MARKET SEGMENTATION BY COOLING TECHNIQUES 

4.3.7 MARKET SEGMENTATION BY GENERAL CONSTRUCTION 

4.3.8 MARKET SEGMENTATION BY TIER STANDARDS 

4.3.9 MARKET SEGMENTATION BY GEOGRAPHY 

5 REPORT ASSUMPTIONS & CAVEATS 

5.1 KEY CAVEATS 

5.2 CURRENCY CONVERSION 

5.3 MARKET DERIVATION 

6 MARKET AT A GLANCE 

7 PREMIUM INSIGHTS 

7.1 KEY MARKET HIGHLIGHTS 

7.2 KEY TRENDS IN THE NORDICS DATA CENTER CONSTRUCTION MARKET

8 INTRODUCTION 

8.1 MARKET OVERVIEW 

8.2 DATA CENTER DESIGN CERTIFICATIONS 

8.2.1 UPTIME INSTITUTE TIER STANDARDS 

8.2.2 LEED CERTIFICATION 

8.2.3 TIA 942 CERTIFICATION 

9 MARKET OPPORTUNITIES & TRENDS 

9.1 5G DEPLOYMENTS FUELING DATA CENTER INVESTMENTS 

9.2 DISTRICT HEATING GROWTH 

9.3 INCREASING ADVANCES IN AI 

9.4 GOVERNMENT SUPPORT/INITIATIVES FOR DATA CENTER CONSTRUCTION 

9.5 INNOVATIONS IN DATA CENTER CONSTRUCTION 

10 MARKET GROWTH ENABLERS 

10.1 RISING AWARENESS OF CARBON NEUTRALITY 

10.2 INCREASING CLOUD SERVICES ADOPTION 

10.3 BIG DATA & IOT DRIVING DATA CENTER INVESTMENTS 

10.4 USE OF FREE COOLING TO REDUCE PUE 

11 MARKET RESTRAINTS 

11.1 DEARTH OF SKILLED WORKFORCE 

11.2 SECURITY ISSUES IMPACTING DATA CENTER DEVELOPMENTS 

11.3 SUPPLY CHAIN ISSUES 

12 MARKET LANDSCAPE 

12.1 MARKET OVERVIEW 

12.2 MARKET SIZE & FORECAST 

12.3 AREA: MARKET SIZE & FORECAST 

12.4 POWER CAPACITY: MARKET SIZE & FORECAST 

12.5 FIVE FORCES ANALYSIS 

12.5.1 THREAT OF NEW ENTRANTS 

12.5.2 BARGAINING POWER OF SUPPLIERS 

12.5.3 BARGAINING POWER OF BUYERS 

12.5.4 THREAT OF SUBSTITUTES 

12.5.5 COMPETITIVE RIVALRY 

13 FACILITY TYPE 

13.1 INVESTMENT: MARKET SNAPSHOT & GROWTH ENGINE 

13.2 AREA: MARKET SNAPSHOT & GROWTH ENGINE 

13.3 POWER CAPACITY: MARKET SNAPSHOT & GROWTH ENGINE 

13.4 HYPERSCALE DATA CENTERS 

13.4.1 MARKET OVERVIEW 

13.4.2 INVESTMENT: MARKET SIZE & FORECAST 

13.4.3 AREA: MARKET SIZE & FORECAST 

13.4.4 POWER CAPACITY: MARKET SIZE & FORECAST 

13.5 COLOCATION DATA CENTERS 

13.5.1 MARKET OVERVIEW 

13.5.2 INVESTMENT: MARKET SIZE & FORECAST 

13.5.3 AREA: MARKET SIZE & FORECAST 

13.5.4 POWER CAPACITY: MARKET SIZE & FORECAST 

13.6 ENTERPRISE DATA CENTERS 

13.6.1 MARKET OVERVIEW 

13.6.2 INVESTMENT: MARKET SIZE & FORECAST 

13.6.3 AREA: MARKET SIZE & FORECAST 

13.6.4 POWER CAPACITY: MARKET SIZE & FORECAST 

14 INFRASTRUCTURE 

14.1 MARKET SNAPSHOT & GROWTH ENGINE 

14.2 ELECTRICAL INFRASTRUCTURE 

14.2.1 MARKET OVERVIEW 

14.2.2 MARKET SIZE & FORECAST 

14.3 MECHANICAL INFRASTRUCTURE 

14.3.1 MARKET OVERVIEW 

14.3.2 MARKET SIZE & FORECAST 

14.4 GENERAL CONSTRUCTION 

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 INVESTMENT: MARKET SNAPSHOT & GROWTH ENGINE 

21.2 AREA: MARKET SNAPSHOT & GROWTH ENGINE 

21.3 POWER CAPACITY: MARKET 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 SWEDEN 

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 

23.5 SUPPORT INFRASTRUCTURE: MARKET SIZE & FORECAST 

24 NORWAY 

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 

24.5 SUPPORT INFRASTRUCTURE: MARKET SIZE & FORECAST 

25 FINLAND & ICELAND 

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 

25.5 SUPPORT INFRASTRUCTURE: MARKET SIZE & FORECAST 

26 COMPETITIVE LANDSCAPE 

26.1 ELECTRICAL INFRASTRUCTURE 

26.2 MECHANICAL INFRASTRUCTURE 

26.3 GENERAL CONSTRUCTION 

26.1 DATA CENTER INVESTORS 

30 REPORT SUMMARY 

30.1 KEY TAKEAWAYS 

31 QUANTITATIVE SUMMARY 

32 APPENDIX 

32.1 ABBREVIATIONS 

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