Finland Data Center Market - Investment Analysis & Growth Opportunities 2025-2030

FINLAND DATA CENTER MARKET SIZE & OUTLOOK

The Finland data center market size was valued at USD 398 million in 2024 and is expected to reach USD 5.23 billion by 2030, growing at a CAGR of 53.6% during the forecast period. Finland is regarded as a favorable business destination due to its strategic location between Western Europe and Asia, offering seamless connectivity to both markets. Its well-developed logistics and trade networks support strong import-export ties with major economies like Germany, China, and the US. The country's stable political climate, transparent regulatory environment, and business-friendly policies have consistently attracted multinational companies. These factors contribute to the country's growing reputation as a gateway for international business operations in Northern Europe. Finland accounted for a share of around 4.6% in the Nordic data center market in 2024.

Finland is host to an expanding network of foreign cloud service providers, such as Microsoft, which is constructing extensive facilities there, and Google, which is already active in the nation. These large-scale investments highlight Finland's rise to prominence as Northern Europe's dependable cloud hub. Furthermore, the Finland data center market is full of potential, especially in brownfield redevelopment, AI infrastructure, and sustainable heat reuse. Projects including the Varanto seasonal thermal storage and the hydrogen-ready parks in Pori reflect Finland’s commitment to energy innovation. With the continued focus on climate resilience, AI-readiness, and global connectivity, Finland is poised to become a Northern European powerhouse in the digital infrastructure sector.

KEY HIGHLIGHTS

1. Finland’s cold climate, with average annual temperatures falling below 6°C, offers ideal conditions for natural free cooling in data centers, significantly reducing energy consumption for cooling infrastructure.
2. The Finnish government aims for carbon neutrality by 2035, supported by national strategies focused on clean energy, digitalization, and circular economy practices, with substantial investments in low-carbon technologies and sustainable infrastructure.
3. The number of facilities is increasing in the Finland data center market, particularly in Helsinki, Espoo, and Tampere. This is estimated to witness immense growth. The country is one of the developing and emerging markets for data center development in the Nordics. Over 90% of buildings in Helsinki are connected to district heating, making it one of Europe’s most advanced urban heating networks. The city continues to expand its reach and integrate renewable and recycled energy sources, including data center heat.
4. About 40%–48% of Finland’s energy mix comes from renewables (wind, hydro, bioenergy), with the growing wind and nuclear energy sources complementing district heating, making low-carbon power widely accessible. As of Q1 2025, the average industrial electricity price ranged between $0.17 to $0.19 per kWh.

WHY SHOULD YOU BUY THIS RESEARCH?

1. Market size available in the investment area, power capacity, and the Finland colocation market revenue.
2. Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
3. A detailed study of the existing Finland data center market landscape, an in-depth market analysis, and insightful predictions about the Finland data center market size during the forecast period.
4. Snapshot of existing and upcoming third-party data center facilities in Finland
5. Facilities Covered (Existing): 20
6. Facilities Identified (Upcoming): 04
7. Coverage: 6+ Locations
8. Existing vs. Upcoming (Data Center Area)
9. Existing vs. Upcoming (IT Load Capacity)
10. Data center colocation market in Finland
11. Colocation Market Revenue & Forecast (2021-2030)
12. Wholesale vs. Retail Colocation Revenue (2021-2030)
13. Retail Colocation Pricing
14. Wholesale Colocation Pricing
15. The Finland data center landscape market investments are classified into IT, power, cooling, and general construction services, with sizing and forecast.
16. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
17. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
18. A transparent research methodology and the analysis of the demand and supply aspects of the industry.

FINLAND DATA CENTER MARKET VENDOR LANDSCAPE

1. The Finland data center market is defined by a mix of global operators and local developers. Major international firms, such as Equinix, Google, and Verne Global, maintain significant operations in the country. Furthermore, local players, including Elisa, Herman IT, and Telia Finland, are investing heavily in energy-efficient and sustainable facilities.
2. New entrants and venture-backed developers have been looking to capitalize on Finland’s green energy, cold climate, and advanced fiber infrastructure. The financial and public sectors of Finland are expected to embrace quicker digital transformation, with the completion of the construction of Microsoft’s data center in the southern region.
3. The Finland data center market has the presence of major cloud operators such as Google. Microsoft is planning to have three cloud regions in Helsinki, Finland. Microsoft is currently developing three data center facilities in Espoo, Vihti, and Kirkkonummi.

The Finland data center market has the presence of several colocation data center operators such as Elisa, Equinix, Herman IT, Telia Group, and Ficolo. The market is witnessing a boom with the entry of atNorth, Green Mountain, Stack Infrastructure, Bulk Infrastructure, and STORESPEED. In Finland specifically, operators like Telia are already expanding capacity to meet annual capacity increases driven by AI workloads, which require much higher power and cooling densities. As AI adoption continues, colocation providers are upgrading facilities with liquid cooling and optimized power delivery to support rack densities well above traditional 7 kW, gearing up for sustained AI-driven growth.

EXISTING VS. UPCOMING DATA CENTERS

1. Existing Facilities in the Region (Area and Power Capacity)
2. Helsinki
3. Other Cities
4. List of Upcoming Facilities in the Region (Area and Power Capacity)
5. Helsinki
6. Other Cities

VENDOR LANDSCAPE

1. IT Infrastructure Providers: Arista Networks, Atos, Dell Technologies, Extreme Networks, Hewlett Packard Enterprise, Huawei Technologies, IBM, Juniper Networks, NEC, and Oracle.
2. Data Center Construction Contractors & Sub-Contractors: AFRY, Destia Oy, Fluor Corporation, Granlund Group, Kirby Group Engineering, Olla Architecture, RED Engineering Design, Ramboll, Haskoning, Sundstrom, Winthrop Technologies, Bravida, Caverion, NCC, and Sweco. 
3. Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, HITEC Power Protection, Legrand, Rittal, Schneider Electric, STULZ, Trane, and Vertiv.
4. Data Center Investors: Elisa, Equinix, Google, Data‑Enter Oy, Telia Finland, and Verne Global.
5. New Entrants: atNorth, Borealis Data Center, Edgnex Data Centres By DAMAC, Microsoft, Polarnode, and STORESPEED.