Nordic Data Center Construction Market - Industry Outlook & Forecast 2024-2029

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05 countries

52 company

09 segments

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THE NORDIC DATA CENTER CONSTRUCTION MARKET SIZE WAS VALUED AT USD 1.88 BILLION IN 2023 AND IS EXPECTED TO REACH USD 3.18 BILLION BY 2029, GROWING AT A CAGR OF 9.17%.

The Nordic Data Center Construction Market Research Report Includes Size, Share, and Growth in Terms of

  • Facility Type: Colocation Data Centers, Hyperscale Data Centers, and Enterprise Data Centers
  • Infrastructure: Electrical Infrastructure, Mechanical Infrastructure, and General Construction
  • Electrical Infrastructure: UPS Systems, Generators, Transfer Switches & Switchgear, PDUs, and Other Electrical Infrastructure
  • Mechanical Infrastructure: Cooling Systems, Racks, and Other Mechanical Infrastructure
  • Cooling Systems: CRAC and CRAH Units, Chillers Units, Cooling Towers, Condensers, Dry Coolers, Economizers & Evaporative Coolers, and Other Cooling Units
  • Cooling Techniques: Air-based Cooling and Liquid-based Cooling
  • General Construction: Core & Shell Development, Installation & Commissioning Services, Engineering & Building Design, Physical Security, Fire Detection & Suppression, and DCIM/BMS Solutions
  • Tier Standards: Tier I & Tier II, Tier III, and Tier IV
  • Geography: Nordic (Denmark, Norway, Sweden, Finland, and Iceland)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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NORDIC DATA CENTER CONSTRUCTION MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE - INVESTMENT (2029)USD 3.18 Billion
MARKET SIZE - INVESTMENT (2023)USD 1.88 Billion
CAGR - INVESTMENT (2023-2029)9.17%
MARKET SIZE - AREA (2029)1,663 Thousand Square Feet
POWER CAPACITY (2029)345 MW
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
MARKET SEGMENTSFacility Type, Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Cooling Systems, Cooling Techniques, General Construction, Tier Standards, and Geography
REGIONAL ANALYSISNordic (Denmark, Norway, Sweden, Finland, and Iceland)
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INDUSTRY OUTLOOK

The Nordic data center construction market was valued at USD 1.88 billion in 2023 and is expected to reach USD 3.18 billion by 2029, growing at a CAGR of 9.17% during the forecast period. The Nordic region's commitment to sustainability and environmental responsibility further enhances its attractiveness as a hub for data center investments. With a strong focus on renewable energy sources and innovative strategies for reusing waste heat, the Nordic countries are leading the way in sustainable data center development. Initiatives, such as Sweden's transition to renewable energy sources for data centers and Denmark's investment in green infrastructure, exemplify the region's dedication to reducing carbon emissions and promoting environment-friendly practices in the data center industry.

Achieving energy efficiency is a central focus within the data center industry, intending to attain a Power Usage Effectiveness (PUE) of 1.0, thereby indicating maximal energy utilization for server operations. To achieve this goal, many businesses are adopting innovative strategies such as recycling the waste heat generated by data centers and repurposing it for secondary applications. This approach is particularly relevant in Nordic countries, where formal requirements for heat reuse by data centers are in place, making the region a prime location for sustainable data center development.

Favorable business environments and government policies have positioned the region as a prime destination for data center operators seeking to serve local and global markets. Tax incentives, research and development funding, and support for digital transformation initiatives attract domestic and international investors to the region, driving the Nordic data center construction market. The presence of major hyperscale cloud providers, such as Google, AWS, and Microsoft Azure, further solidifies the Nordic region's status as a key player in the global data center market.

Moreover, the strategic geographic location and the connectivity advantages of the Nordic region make it an ideal location for data center operators looking to establish a presence in the digital economy. With robust infrastructure and high-speed internet connectivity, the region offers a competitive edge for businesses seeking to capitalize on the growing demand for data-intensive services.

In conclusion, the Nordic data center construction market is experiencing robust growth driven by factors such as the rapid deployment of 5G technology, innovative construction techniques, sustainability initiatives, and government support. As the region prioritizes technological advancements and environmental responsibility, it remains poised for continued expansion and investment in the data center industry. With strategic advantages and a commitment to sustainability, the Nordic region is well-positioned to maintain its leadership position in the global data center market over the forecast period.

KEY TRENDS

The Surge in 5G Connectivity in Edge Data Center Investments

  • The swift adoption of 5G technology has led to a surge in data generation, driving increased investments in edge data centers. Edge computing, facilitated by seamless 5G connectivity, distributes computing resources closer to data sources, reducing the burden on centralized data centers. Notably, the low latency and increased capacity of 5G technology enables efficient data processing, fostering the development of smart cities and connected infrastructure.
  • Denmark boasts a robust 99.3% 5G coverage, showcasing impressive connectivity speeds and low latency. Initiatives, including the 5G award program, demonstrate a commitment to technological advancements, which catalyze the increased construction of edge data centers. 
  • Norway's progress in 5G deployment, reaching 82% household coverage, reflects a transformative impact on local networks, fostering innovations and sustainable growth in the telecom industry. Norway is poised for continued expansion in edge data center constructions owing to the fact that Norwegian operators are testing their own 5G networks and carrying out initiatives such as the shutdown of copper networks in favor of fiber optics.
  • Sweden's leadership in global mobile download speeds and ambitious 5G innovation programs has solidified its position as a 5G adopter. The extensive 5G network coverage and innovative services create a conducive environment for the rising construction of edge data centers. Collaborations between telecom companies and technology providers, such as Telia's partnership with Ericsson, aim to accelerate 5G adoption and industry transformation, enhancing Sweden's international competitiveness.
  • These developments underscore the relationship between 5G technology and edge computing, setting the stage for accelerated growth and the construction of edge data centers in the Nordic data center construction market.

Awareness of Carbon Neutrality

  • Denmark, relying on renewable sources for 75% of its power needs, showcases its commitment through initiatives such as Prime Denmark's sustainable expansion using 100% renewable energy and biofuel backup generators (implemented as of July 2023).
  • With its high proportion of renewable energy, Norway attracts international clients; for instance, in January 2023, ByteDance partnered with Green Mountain to build a data center that operates exclusively on renewable energy.
  • In November 2022, Volkswagen AG collaborated with Green Mountain, a CO₂-neutral data center operator in Norway, to achieve net carbon neutrality by 2027. Similarly, in January 2023, ByteDance decided to achieve carbon-neutral operations by 2030, leading to collaborations with Green Mountain for a data center in Norway.
  • Initiatives, such as the atNorth Power Purchase Agreement (PPA) in Iceland, signed in July 2023, and Google's cloud region in Norway, powered entirely by renewable energy and launched in November 2022, highlight investments in renewable energy infrastructure; this is contributing to a more resilient and sustainable data center landscape in the Nordic data center construction market.

High Adoption of Artificial Intelligence (AI)

  • AI National Strategies and Innovation Ecosystems (2019-2021): Countries including Sweden, Denmark, and Norway have developed national strategies to promote AI innovation and growth. The AI market in Sweden is projected to exceed USD 10 billion by 2030, while Denmark focuses on responsible AI leadership and fostering innovation-friendly environments. Norway's AI National Strategy, launched in January 2020, aims to strengthen industries, such as energy and healthcare, with AI technologies; this strategy is supported by initiatives such as the Norwegian Open Artificial Intelligence Lab (NAIL).
  • The increasing demand for AI, big data analytics, and cloud computing drives the Nordic data center construction market. For instance, Sweden and Finland actively promote themselves as data center hotspots, offering incentives such as tax breaks and expedited permitting processes. Additionally, in June 2022, Linköping University in Sweden announced its plan to host the Arrhenius supercomputer, reflecting the region's commitment to advancing data center infrastructure.
  • Collaborations between industry players and the government and thriving start-up ecosystems further accelerate the Nordic region's AI growth. In June 2022, Denmark's Nyt Hospital Nordsjælland (NHN) project utilized AI to save costs. AI startups, such as Veo, Corti, and Huddly, are leveraging AI solutions to address the various industry challenges across the region.

Growth in the District Heating Systems

  • Nordic countries, including Sweden, Norway, and Denmark, mandate heat reuse by data centers, promoting sustainability. For example, in 2022, Stack Infrastructure connected its Oslo data center to district heating, benefiting 5,000 homes. Furthermore, the 2023 expansion of Conapto in Stockholm led to the use of renewable energy and district heating. On the other hand, Prime is planning a sustainable campus in Denmark.
  • In 2023, Johnson Controls acquired Hybrid Energy AS in Norway; in 2022, Elisa collaborated with Helen in Finland to utilize waste heat produced by data centers. These partnerships and initiatives highlight the industry's efforts to augment district heating and repurpose waste heat to benefit communities.
  • Hyperco's expansion in Finland in 2022 and Green Mountain's plans in Norway in the same year signify continued growth. Both projects integrated waste-heat re-usage, supporting the local district heating networks and sustainability goals.

SEGMENTATION INSIGHTS

  • The emergence of microgrids and on-site power generation systems has led to increased energy storage and sustainable energy, thereby leading to increased savings and improved resiliency. The surge in carbon emissions is a major challenge for data centers. Fuel cells are being installed to improve the efficiency of data centers and overcome the challenges associated with carbon emissions. Fuel cells can support significant energy loads for energy reliability, safety, stability, and reduced costs.
  • Adopting Uninterruptible Power Supply (UPS) systems is a key driver, particularly in the Nordic data centers, where lithium-ion batteries are gaining traction for backup power.
  • The European market for UPS systems, dominated by key providers, favors systems with capacities ranging from 500 kVA to 1,000 kVA. Smart-grid UPS systems, featuring smaller footprints and high efficiency, are becoming prevalent and aligning with the rising adoption of renewable energy.
  • Diesel Rotary Uninterruptible Power Supply (DRUPS) systems are gaining popularity in the generator market, driven by their combination of battery and flywheel UPS topology.
  • The integration of intelligent controls addresses maintenance challenges. Hydrogen Vegetable Oil (HVO) is emerging as a sustainable biofuel option, contributing to carbon reduction.
  • As the data center landscape evolves, the integration of edge data centers influences UPS procurement, especially with capacities below 500 kVA. Monitored and intelligent/switched PDUs gain traction in Europe for end-to-end power monitoring.
  • The abundant renewable power sources, particularly wind power and favorable colder climates, position the Nordic countries as ideal for extensive free cooling. These nations offer a minimum of 4,000 hours of annual free cooling, fostering increased methods such as air/water-side economizers and indirect evaporative coolers.
  • Modern data centers are increasingly aligning their constructions with industry standards. The ASHRAE data center cooling guidelines and Uptime Institute’s Tier standards are becoming integral.
  • Tier III facilities are shifting toward 2N redundancy for Computer Room Air Conditioner (CRAC) and Computer Room Air Handler (CRAH) units. In contrast, Tier IV facilities adopt 2N+1 redundant configurations in cooling systems.
  • The installation and commissioning phase is integral, ensuring critical components' seamless integration and functionality. Architectural and engineering design services play a pivotal role in shaping the overall structure of the data center.
  • The evolution of data center design has seen a transformative shift from traditional enterprise facilities to the rapid growth of hyperscale and edge-dominated centers. While these segments surge, enterprise data centers embrace standardized designs featuring prefabricated components.

GEOGRAPHICAL ANALYSIS

  • Sweden maintained a steady increase in data center area; the country is estimated to reach 312 thousand square feet in 2029 and account for a power capacity expansion from 51 MW in 2023 to 69 MW in 2029. Sweden is attracting global players, such as Amazon Web Services (AWS), Google, and Microsoft Azure, as the country accounts for favorable incentives for businesses and strategic investments, including the Digital Transformation Infrastructure Plan. Stockholm dominates as an investment destination, with emerging markets poised for growth, including Ostersund and Avesta.
  • Denmark holds a significant position in the Nordic data center construction market, with a steady increase in area and power capacity and the surging of investments to USD 530 million in 2023; this highlights the commitment to infrastructure expansion. The Denmark data center construction market has surged recently, attracting major tech players, including Facebook, Google, and Apple. The country's access to renewable energy, exemplified by projects like the Havfrue submarine cable, has bolstered its reputation as a top-tier digital hub. Aligning with its 2020-2030 digital industry plan, Denmark aims to become a leading Nordic and pan-European data center hub, integrating centers into the district heating system and promoting energy efficiency.
  • Norway experienced significant investment growth, reaching USD 620 million in 2023, along with recording the expansion initiatives in area and power capacity to accommodate the rising data demands. Initiatives, including the data center strategy and enhanced data protection laws, bolster industry growth, attracting cloud service providers such as IBM, Amazon Web Services (AWS), Google, and Microsoft Azure.
  • Finland and Iceland present unique investment opportunities in the Nordic data center construction market. Finland's robust tech landscape and focus on sustainability make it attractive for businesses, with Helsinki being the preferred location. Iceland's abundant renewable energy sources and commitment to environmental responsibility offer cost-effective and eco-friendly data center operations. Iceland saw a remarkable spike in investment from USD 96 million in 2022 to USD 125 million in 2023, indicating a robust growth trajectory in data center constructions. Although witnessing relatively stable investment levels, Iceland demonstrated consistent growth in area and power capacity, emphasizing its role as an emerging player in the Nordic data center market.

VENDOR LANDSCAPE

  • ABB, Alfa Laval, Carrier, Caterpillar, and Cummins are the key players in the Nordic data center construction market. ABB offers comprehensive solutions, including automation, while Alfa Laval specializes in cooling. Carrier provides innovative cooling and heating solutions, Caterpillar offers integrated power systems, and Cummins focuses on power generation and monitoring. Their combined expertise ensures reliable and efficient data center operations.
  • Arup, Coromatic (E.ON), Caverion, Cowi, and Designer Group are prominent construction contractors in the Nordic data center construction market.
  • Arup contributed around USD 360 million worth of construction services to Equinix data centers across Europe, prioritizing sustainability and safety in the post-COVID-19 era.
  • Designer Group's involvement in designing and building a 36 MW data center in Oslo underscores its proficiency in delivering comprehensive mechanical and electrical solutions.
  • The major data center investors in the Nordic data center construction market include tech giants such as Apple, Google Meta, Microsoft, and Equinix. The prominent colocation investors in the data center include DigiPlex, AQ Compute, Green Mountain, Hyperco, Bahnof, and Lefdal Mine Datacenter.

Frequently Asked Questions

How big is the Nordic data center construction market?

The Nordic data center construction market size by investment was valued at USD 1.88 billion in 2023 and is expected to reach USD 3.18 billion by 2029.

What is the estimated market size in terms of area in the Nordic data center construction market by 2029?

Regarding area, the Nordic data center construction market is expected to reach 1,663 thousand square feet by 2029.

What are the key trends in the Nordic data center construction market?

Increase in edge data center investments due to 5G deployments, growth in district heating systems, growth in artificial intelligence, government support for data center development, and innovative data center construction techniques are some key trends in the Nordic data center construction market.

What is the growth rate of the Nordic data center construction market?

The Nordic data center construction market share by investment is growing at a CAGR of 9.17% from 2023-2029.

How many MW of power capacity is expected to reach the Nordic data center construction market by 2029?

In the Nordic data center construction market, power capacity is expected to reach 345 MW by 2029.

The Nordic data center construction market size by investment will reach USD 3.18 billion by 2029, growing at a CAGR of 9.17% from 2023 to 2029.

The following factors are likely to contribute to the growth of the Nordic data center construction market during the forecast period:

  • Carbon Neutrality Awareness
  • Adoption of Cloud-Based Services
  • Increase in Submarine Cable Connectivity
  • Adoption of Free Cooling Systems by Data Centers

Base Year: 2023

Forecast Year: 2024-2029

The study considers the present scenario of the Nordic data center construction market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the industry. It profiles and examines leading companies and other prominent ones operating in the industry.

The report includes the investment in the following areas: 

  • Facility Type
    • Colocation Data Centers
    • Hyperscale Data Centers
    • Enterprise 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
    • Physical Security
    • Fire Detection & Suppression
    • DCIM/BMS Solutions
  • Tier Standards
    • Tier I & Tier II
    • Tier III
    • Tier IV

Geography

  • Nordic
    • Denmark
    • Norway
    • Sweden
    • Finland
    • Iceland

Major Vendors

  • Key Data Center Support Infrastructure Providers
    • ABB
      • Business Overview
      • Service Offerings
    • Alfa Laval
    • Carrier
    • Caterpillar
    • Cummins
    • Eaton
    • HITEC Power Protection
    • Legrand
    • NetNordic
    • Reillo Elettronica (Riello UPS)
    • Rittal
    • Rolls-Royce Power Systems
    • Schneider Electric
    • Socomec
    • STULZ
    • Trane Technologies (Ingersoll Rand)
    • Vertiv
  • Prominent Construction Contractors
    • Arup
      • Business Overview
      • Service Offerings
    • Coromatic (E.ON)
    • Caverion
    • COWI
    • Designer Group
    • Ethos Engineering
    • 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
      • Business Overview
      • Service Offerings
    • AQ Compute
    • atNorth (Partners Group)
    • Bahnhof
    • DigiPlex (IPI Partners)
    • Digital Realty
    • EcoDataCenter
    • Equinix
    • Green Mountain
    • Hyperco
    • Lefdal Mine Datacenter
    • Orange Business Services
    • STACK Infrastructure
    • Verne Global
    • Google
    • Meta (Facebook)
    • Microsoft

Exhibit 1: Market Derivation
Exhibit 2: Carbon Neutrality Goals
Exhibit 3: Market Overview
Exhibit 4: Nordic Data Center Constrcution Market Historical Market Overview
Exhibit 5: Impact of Key Driving Factors 2023 & 2029
Exhibit 6: Nordic Data Center Construction Market 2020–2029 ($ billion)
Exhibit 7: Nordic Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 8: Nordic Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 9: Nordic Data Center Construction Market by Infrastructure ($ million)
Exhibit 10: Market Snapshot Investment 2023
Exhibit 11: Nordic Colocation Data Center Construction Market by Investment 2020–2029 ($ million)
Exhibit 12: Nordic Colocation Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 13: Nordic Colocation Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 14: Nordic Hyperscale Data Center Construction Market by Investment 2020–2029 ($ million)
Exhibit 15: Nordic Hyperscale Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 16: Nordic Hyperscale Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 17: Nordic Enterprise Data Center Construction Market by Investment 2020–2029 ($ million)
Exhibit 18: Nordic Enterprise Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 19: Nordic Enterprise Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 20: Market Snapshot
Exhibit 21: Nordic Data Center Construction Market by Electrical Infrastructure 2020–2029 ($ million)
Exhibit 22: Nordic Data Center Construction Market by Mechanical Infrastructure 2020–2029 ($ million)
Exhibit 23: Data Center Construction Cost Index ($/watt)
Exhibit 24: Nordic Data Center Construction Market by General Construction 2020–2029 ($ million)
Exhibit 25: Cumulative Investment Opportunity by Electrical Infrastructure (2024-2029)
Exhibit 26: Nordic Data Center Construction Market by UPS Systems 2020–2029 ($ million)
Exhibit 27: VRLA Batteries vs. Lithium-Ion Batteries in UPS Systems (Power)
Exhibit 28: Visual description of a smart-grid UPS system
Exhibit 29: Nordic Data Center Construction Market by Generators 2020–2029 ($ million)
Exhibit 30: HVO benefits
Exhibit 31: Nordic Data Center Construction Market by Transfer Switch & Switchgears 2020–2029  ($ million)
Exhibit 32: Nordic Data Center Construction Market by PDUs 2020–2029 ($ million)
Exhibit 33: Nordic Data Center Construction Market by PDUs 2020–2029 ($ billion)
Exhibit 34: Cumulative Investment Opportunity by Mechanical Infrastructure (2024-2029)
Exhibit 35: Segmentation of Cooling Systems
Exhibit 36: Nordic Data Center Construction Market by Cooling Systems 2020-2029 ($ million)
Exhibit 37: Nordic Data Center Construction Market by Racks 2020-2029 ($ million)
Exhibit 38: Nordic Data Center Construction Market by Other Mechanical Infrastructure 2020-2029 ($ million)
Exhibit 39: Cumulative Investment Opportunity by Cooling Systems (2024-2029)
Exhibit 40: Nordic Data Center Construction Market by CRAC & CRAH Units 2020-2029 ($ million)
Exhibit 41: Visual Description of CRAC & CRAH Units
Exhibit 42: Nordic Data Center Construction Market by Chiller Units 2020-2029 ($ million)
Exhibit 43: Nordic Data Center Construction Market by Cooling Towers, Condensers, & Dry Coolers 2020-2029 ($ million)
Exhibit 44: Nordic Data Center Construction Market by Economizers & Evaporative Coolers 2020-2029 ($ million)
Exhibit 45: Nordic Data Center Construction Market by Other Cooling Units 2020-2029 ($ million)
Exhibit 46: Cumulative Investment Opportunity by Cooling Techniques (2024-2029)
Exhibit 47: Nordic Data Center Construction Market by Air-based Cooling Techniques 2020-2029 ($ million)
Exhibit 48: Nordic Data Center Construction Market by Liquid-based Cooling Techniques 2020-2029 ($ million)
Exhibit 49: Two-phase Liquid Immersion Cooling System
Exhibit 50: Cumulative Investment Opportunity by General Construction (2024-2029)
Exhibit 51: Nordic Data Center Construction Market by Core & Shell Development 2020-2029 ($ million)
Exhibit 52: Nordic Data Center Construction Market by Installation & Commissioning Services 2020-2029 ($ million)
Exhibit 53: Nordic Data Center Construction Market by Engineering & Building Design 2020-2029 ($ million)
Exhibit 54: Nordic Data Center Construction Market by Physical Security 2020-2029 ($ billion)
Exhibit 55: Nordic Data Center Construction Market by Fire Detection & Suppression 2020-2029 ($ million)
Exhibit 56: Nordic Data Center Construction Market by DCIM/BMS Solutions 2020-2029 ($ million)
Exhibit 57: DCIM benefits
Exhibit 58: Cumulative Investment Opportunity by Tier Standards 2024-2029
Exhibit 59: Nordic Data Center Construction Market by Tier I & II Standards 2020-2029 ($ million)
Exhibit 60: Nordic Data Center Construction Market by Tier III Standards 2020-2029 ($ billion)
Exhibit 61: Nordic Data Center Construction Market by Tier IV Standards 2020-2029 ($ million)
Exhibit 62: Nordic Data Center Construction Market by Investment 2020–2029 ($ million)
Exhibit 63: Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 64: Nordic Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 65: Nordic Data Center Construction Market by Infrastructure 2020–2029 (MW)
Exhibit 66: Denmark Data Center Construction Market Overview
Exhibit 67: Denmark Data Center Construction Market 2020–2029 ($ million)
Exhibit 68: Denmark Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 69: Denmark Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 70: Denmark Data Center Construction Market by Support Infrastructure 2020–2029 ($ million)
Exhibit 71: Norway Data Center Construction Market Overview
Exhibit 72: Norway Data Center Construction Market 2020–2029 ($ million)
Exhibit 73: Norway Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 74: Norway Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 75: Denmark Data Center Construction Market by Support Infrastructure 2020–2029 ($ million)
Exhibit 76: Sweden Data Center Construction Market Overview
Exhibit 77: Sweden Data Center Construction Market 2020–2029 ($ million)
Exhibit 78: Sweden Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 79: Sweden Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 80: Sweden Data Center Construction Market by Support Infrastructure 2020–2029 ($ million)
Exhibit 81: Finland Data Center Construction Market Overview
Exhibit 82: Finland Data Center Construction Market 2020–2029 ($ million)
Exhibit 83: Finland Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 84: Finland Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 85: Finland Data Center Construction Market by Support Infrastructure 2020–2029 ($ million)
Exhibit 86: Iceland Data Center Construction Market Overview
Exhibit 87: Iceland Data Center Construction Market 2020–2029 ($ million)
Exhibit 88: Iceland Data Center Construction Market by Area 2020–2029 (thousand square feet)
Exhibit 89: Iceland Data Center Construction Market by Power Capacity 2020–2029 (MW)
Exhibit 90: Iceland Data Center Construction Market by Support Infrastructure 2020–2029 ($ million)
Exhibit 91: Site Selection Criteria

LIST OF TABLES

Table 1: Upcoming Submarine Cables Connecting Nordic Countries
Table 2: List of Upcoming Data Center Projects in Nordics
Table 3: Nordic Data Center Construction Market by Geography 2020–2029
Table 4: Nordic Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 5: Nordic Data Center Construction Market by Electrical Infrastructure 2020–2029 ($ million)
Table 6: Nordic Data Center Construction Market by Mechanical Infrastructure 2020–2029 ($ million)
Table 7: Nordic Data Center Construction Market by Cooling Systems 2020–2029 ($ million)
Table 8: Nordic Data Center Construction Market by Cooling Techniques 2020–2029 ($ million)
Table 9: Nordic Data Center Construction Market by General Construction 2020–2029 ($ million)
Table 10: Nordic Data Center Construction Market by Tier Standards 2020–2029 ($ million)
Table 11: Nordic Data Center Construction Market by Investment by Facility Type 2020–2029 ($ million)
Table 12: Nordic Data Center Construction Market by Area by Facility Type 2020–2029 (thousand square feet)
Table 13: Nordic Data Center Construction Market by Power Capacity by Facility Type 2020–2029 (MW)
Table 14: Nordic Data Center Construction Market by Geography 2020–2029 ($ million)
Table 15: Nordic Data Center Construction Market by Geography 2020–2029 (thousand square feet)
Table 16: Nordic Data Center Construction Market by Geography 2020–2029 (MW)
Table 17: Nordic Data Center Construction Market by Geography 2020–2029
Table 18: Nordic Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 19: Norway Data Center Construction Market by Geography 2020–2029
Table 20: Norway Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 21: Sweden Data Center Construction Market by Geography 2020–2029
Table 22: Sweden Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 23: Finland Data Center Construction Market by Geography 2020–2029
Table 24: Finland Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 25: Iceland Data Center Construction Market by Geography 2020–2029
Table 26: Iceland Data Center Construction Market by Infrastructure 2020–2029 ($ million)
Table 27: Currency Conversion Table (2016-2023)

1. REPORT COVERAGE
1.1. WHAT’S INCLUDED
1.2. SEGMENTAL COVERAGE
1.2.1. Market Segmentation by Facility Type
1.2.2. Market Segmentation by Infrastructure
1.2.3. Market Segmentation by Electrical Infrastructure
1.2.4. Market Segmentation by Mechanical Infrastructure
1.2.5. Market Segmentation by Cooling System
1.2.6. Market Segmentation by Cooling Techniques
1.2.7. Market Segmentation by General Construction
1.2.8. Market Segmentation by Tier Standards
2. MARKET AT A GLANCE
3. PREMIUM INSIGHTS
3.1. MARKET OVERVIEW
3.2. KEY TRENDS
3.2.1. The surge in 5G connectivity in edge data center investments
3.2.2. Awareness of carbon neutrality
3.2.3. High adoption of Artificial Intelligence (AI)
3.2.4. Growth in district heating systems
3.3. SEGMENTATION ANALYSIS
3.4. GEOGRAPHICAL ANALYSIS
3.5. VENDOR ANALYSIS
4. INTRODUCTION
4.1. HISTORICAL MARKET OVERVIEW
4.2. DATA CENTER DESIGN CERTIFICATIONS
4.2.1. Uptime Institute Tier Standards
4.2.2. LEED certification
4.2.3. TIA 942 certification
5. MARKET OPPORTUNITIES & TRENDS
5.1. INCREASE IN EDGE DATA CENTER INVESTMENTS DUE TO 5G DEPLOYMENTS
5.2. GROWTH IN DISTRICT HEATING SYSTEMS
5.3. GROWTH IN ARTIFICIAL INTELLIGENCE
5.4. GOVERNMENT SUPPORT FOR DATA CENTER DEVELOPMENT
5.5. INNOVATIVE DATA CENTER CONSTRUCTION TECHNIQUES
6. MARKET GROWTH ENABLERS
6.1. CARBON NEUTRALITY AWARENESS
6.2. ADOPTION OF CLOUD-BASED SERVICES
6.3. INCREASE IN SUBMARINE CABLE CONNECTIVITY
6.4. ADOPTION OF FREE COOLING SYSTEMS BY DATA CENTERS
7. MARKET RESTRAINTS
7.1. LACK OF SKILLED WORKFORCE
7.2. CYBERSECURITY ISSUES HAMPERING DATA CENTER INVESTMENTS
7.3. SUPPLY CHAIN ISSUES IMPACTING THE PROCUREMENT OF DATA CENTER CONSTRUCTION MATERIALS
8. MARKET LANDSCAPE
8.1. INVESTMENT: MARKET SIZE & FORECAST
8.2. AREA: MARKET SIZE & FORECAST
8.3. POWER CAPACITY: MARKET SIZE & FORECAST
8.4. INFRASTRUCTURE: MARKET SIZE & FORECAST
9. FACILITY TYPE
9.1. MARKET SNAPSHOT
9.2. COLOCATION DATA CENTERS
9.2.1. Investment: Market Size & Forecast
9.2.2. Area: Market Size & Forecast
9.2.3. Power Capacity: Market Size & Forecast
9.3. HYPERSCALE DATA CENTERS
9.3.1. Investment: Market Size & Forecast
9.3.2. Area: Market Size & Forecast
9.3.3. Power Capacity: Market Size & Forecast
9.5. ENTERPRISE DATA CENTERS
9.5.1. Investment: Market Size & Forecast
9.5.2. Area: Market Size & Forecast
9.5.3. Power Capacity: Market Size & Forecast
10. INFRASTRUCTURE
10.1. MARKET SNAPSHOT
10.2. KEY HIGHLIGHTS
10.3. ELECTRICAL INFRASTRUCTURE
10.3.1. Market Overview
10.3.2. Investment: Market Size & Forecast
10.4. MECHANICAL INFRASTRUCTURE
10.4.1. Market Overview
10.4.2. Investment: Market Size & Forecast
10.5. GENERAL CONSTRUCTION
10.5.1. Market Overview
10.5.2. Investment: Market Size & Forecast
11. ELECTRICAL INFRASTRUCTURE
11.1. MARKET SNAPSHOT
11.2. UPS SYSTEMS
11.2.1. Market Overview
11.2.2. Investment: Market Size & Forecast
11.3. GENERATORS
11.3.1. Market Overview
11.3.2. Investment: Market Size & Forecast
11.4. TRANSFER SWITCHES & SWITCHGEARS
11.4.1. Market Overview
11.4.2. Investment: Market Size & Forecast
11.5. PDUS
11.5.1. Market Overview
11.5.2. Investment: Market Size & Forecast
11.6. OTHER ELECTRICAL INFRASTRUCTURE
11.6.1. Market Overview
11.6.2. Investment: Market Size & Forecast
12. MECHANICAL INFRASTRUCTURE
12.1. MARKET SNAPSHOT
12.2. COOLING SYSTEMS
12.2.1. Market Overview
12.2.2. Investment: Market Size & Forecast
12.3. RACKS
12.3.1. Market Overview
12.3.2. Investment: Market Size & Forecast
12.4. OTHER MECHANICAL INFRASTRUCTURE
12.4.1. Market Overview
12.4.2. Investment: Market Size & Forecast
13. COOLING SYSTEMS
13.1. MARKET SNAPSHOT
13.2. CRAC & CRAH UNITS
13.2.1. Market Overview
13.2.2. Investment: Market Size & Forecast
13.3. CHILLER UNITS
13.3.1. Market Overview
13.3.2. Investment: Market Size & Forecast
13.4. COOLING TOWERS, CONDENSERS, and DRY COOLERS
13.4.1. Market Overview
13.4.2. Investment: Market Size & Forecast
13.5. ECONOMIZERS & EVAPORATIVE COOLERS
13.5.1. Market Overview
13.5.2. Investment: Market Size & Forecast
13.6. OTHER COOLING UNITS
13.6.1. Market Overview
13.6.2. Investment: Market Size & Forecast
14. COOLING TECHNIQUES
14.1. MARKET SNAPSHOT
14.2. AIR-BASED COOLING TECHNIQUES
14.2.1. Market Overview
14.2.2. Investment: Market Size & Forecast
14.3. LIQUID-BASED COOLING TECHNIQUES
14.3.1. Market Overview
14.3.2. Investment: Market Size & Forecast
15. GENERAL CONSTRUCTION
15.1. MARKET SNAPSHOT
15.2. CORE & SHELL DEVELOPMENT
15.2.1. Market Overview
15.2.2. Investment: Market Size & Forecast
15.3. INSTALLATION & COMMISSIONING SERVICES
15.3.1. Market Overview
15.3.2. Investment: Market Size & Forecast
15.4. ENGINEERING & BUILDING DESIGN
15.4.1. Market Overview
15.4.2. Investment: Market Size & Forecast
15.5. PHYSICAL SECURITY
15.5.1. Market Overview
15.5.2. Investment: Market Size & Forecast
15.6. FIRE DETECTION & SUPPRESSION
15.6.1. Market Overview
15.6.2. Investment: Market Size & Forecast
15.7. DCIM/BMS SOLUTIONS
15.7.1. Market Overview
15.7.2. Investment: Market Size & Forecast
16. TIER STANDARDS
16.1. MARKET SNAPSHOT
16.2. TIER I & TIER II
16.2.1. Market Overview
16.2.2. Investment: Market Size & Forecast
16.3. TIER III
16.3.1. Market Overview
16.3.2. Investment: Market Size & Forecast
16.4. TIER IV
16.4.1. Market Overview
16.4.2. Investment: Market Size & Forecast
17. GEOGRAPHY
17.1. NORDIC
17.1.1. Market Overview
17.1.2. Investment: Market Snapshot & Growth Engine
17.1.3. Area: Market Snapshot & Growth Engine
17.1.4. Power Capacity: Market Snapshot & Growth Engine
17.1.5. Infrastructure: Market Snapshot & Growth Engine
17.2. DENMARK
17.2.1. Market Overview
17.2.2. Investment: Market Size & Forecast
17.2.3. Area: Market Size & Forecast
17.2.4. Power Capacity: Market Size & Forecast
17.2.5. Market by Infrastructure
17.3. NORWAY
17.3.1. Market Overview
17.3.2. Investment: Market Size & Forecast
17.3.3. Area: Market Size & Forecast
17.3.4. Power Capacity: Market Size & Forecast
17.3.5. Market by Infrastructure
17.4. SWEDEN
17.4.1. Market Overview
17.4.2. Investment: Market Size & Forecast
17.4.3. Area: Market Size & Forecast
17.4.4. Power Capacity: Market Size & Forecast
17.4.5. Market by Infrastructure
17.5. FINLAND
17.5.1. Market Overview
17.5.2. Investment: Market Size & Forecast
17.5.3. Area: Market Size & Forecast
17.5.4. Power Capacity: Market Size & Forecast
17.5.5. Market by Infrastructure
17.6. ICELAND
17.6.1. Market Overview
17.6.2. Investment: Market Size & Forecast
17.6.3. Area: Market Size & Forecast
17.6.4. Power Capacity: Market Size & Forecast
17.6.5. Market by Infrastructure
18. COMPETITIVE LANDSCAPE
18.1. ELECTRICAL INFRASTRUCTURE
18.2. MECHANICAL INFRASTRUCTURE
18.3. GENERAL CONSTRUCTION
18.4. DATA CENTER INVESTORS
19. KEY DATA CENTER SUPPORT INFRASTRUCTURE PROVIDERS
19.1. ABB
19.1.1. Business overview
19.1.2. Product offerings
19.2. ALFA LAVAL
19.2.1. Business overview
19.2.2. Product offerings
19.3. CARRIER
19.3.1. Business overview
19.3.2. Product offerings
19.4. CATERPILLAR
19.4.1. Business overview
19.4.2. Product offerings
19.5. CUMMINS
19.5.1. Business overview
19.5.2. Product offerings
19.6. EATON
19.6.1. Business overview
19.6.2. Product offerings
19.7. HITEC Power Protection
19.7.1. Business Overview
19.7.2. Product offerings
19.8. LEGRAND
19.8.1. Business overview
19.8.2. Product offerings
19.9. NETNORDIC
19.9.1. Business overview
19.9.2. Product offerings
19.10. RIELLO ELETTRONICA (RIELLO UPS)
19.10.1. Business overview
19.10.2. Product offerings
19.11. RITTAL
19.11.1. Business overview
19.11.2. Product offerings
19.12. ROLLS-ROYCE POWER SYSTEMS
19.12.1. Business overview
19.12.2. Product offerings
19.13. SCHNEIDER ELECTRIC
19.13.1. Business overview
19.13.2. Product offerings
19.14. SOCOMEC
19.14.1. Business overview
19.14.2. Product offerings
19.15. STULZ
19.15.1. Business overview
19.15.2. Product offerings
19.16. TRANE TECHNOLOGIES (INGERSOLL RAND)
19.16.1. Business overview
19.16.2. Product offerings
19.17. VERTIV
19.17.1. Business overview
19.17.2. Product offerings
20. PROMINENT CONSTRUCTION CONTRACTORS
20.1. ARUP
20.1.1. Business Overview
20.1.2. Service offerings
20.2. COROMATIC (E.ON)
20.2.1. Business overview
20.2.2. Service offerings
20.3. CAVERION
20.3.1. Business overview
20.3.2. Service offerings
20.4. COWI
20.4.1. Business overview
20.4.2. Service offerings
20.5. DESIGNER GROUP
20.5.1. Business overview
20.5.2. Service offerings
20.6. ETHOS ENGINEERING
20.6.1. Business overview
20.6.2. Service offerings
20.7. RED
20.7.1. Business overview
20.7.2. Service offerings
20.8. DORNAN
20.8.1. Business overview
20.8.2. Service offerings
20.9. EXYTE (M+W GROUP)
20.9.1. Business overview
20.9.2. Service offerings
20.10. GOTTLIEB PALUDAN ARCHITECTS
20.10.1. Business overview
20.10.2. Service Offerings
20.11. GRANLUND GROUP
20.11.1. Business overview
20.11.2. Service offerings
20.12. MT HOJGAARD
20.12.1. Business overview
20.12.2. Service offerings
20.13. MACE GROUP
20.13.1. Business overview
20.13.2. Service offerings
20.14. ISG
20.14.1. Business overview
20.14.2. Service offerings
20.15. SWECO
20.15.1. Business overview
20.15.2. Service offerings
20.16. MERCURY
20.16.1. Business overview
20.16.2. Service offerings
20.17. RAMBOLL GROUP
20.17.1. Business overview
20.17.2. Service offerings
20.18. YIT
20.18.1. Business overview
20.18.2. Service offerings
21. PROMINENT DATA CENTER INVESTORS
21.1. APPLE
21.1.1. Business overview
21.1.2. Service offerings
21.2. AQ COMPUTE
21.2.1. Business overview
21.2.2. Service offerings
21.3. ATNORTH (PARTNERS GROUP)
21.3.1. Business overview
21.3.2. Service offerings
21.4. BAHNHOF
21.4.1. Business overview
21.4.2. Service offerings
21.5. DIGIPLEX (IPI PARTNERS)
21.5.1. Business overview
21.5.2. Service offerings
21.6. DIGITAL REALTY
21.6.1. Business overview
21.6.2. Service offerings
21.7. ECODATACENTER
21.7.1. Business overview
21.7.2. Service offerings
21.8. EQUINIX
21.8.1. Business overview
21.8.2. Service offerings
21.9. GREEN MOUNTAIN
21.9.1. Business overview
21.9.2. Service offerings
21.10. HYPERCO
21.10.1. Business overview
21.10.2. Service offerings
21.11. LEFDAL MINE DATACENTER
21.11.1. Business overview
21.11.2. Service offerings
21.12. ORANGE BUSINESS SERVICES
21.12.1. Business overview
21.12.2. Service offerings
21.13. STACK INFRASTRUCTURE
21.13.1. Business overview
21.13.2. Service offerings
21.14. VERNE GLOBAL
21.14.1. Business Overview
21.14.2. Service offerings
21.15. GOOGLE
21.15.1. Business overview
21.15.2. Service offerings
21.16. META (FACEBOOK)
21.16.1. Business overview
21.16.2. Service offerings
21.17. MICROSOFT
21.17.1. Business overview
21.17.2. Service offerings
22. QUANTITATIVE SUMMARY
22.1. NORDIC DATA CENTER CONSTRUCTION MARKET
22.1.1. Investment: Market Size & Forecast
22.1.2. Infrastructure: Market Size & Forecast
22.2. MARKET SEGMENTATION
22.2.1. Electrical Infrastructure: Market Size & Forecast
22.2.2. Mechanical Infrastructure: Market Size & Forecast
22.2.3. Cooling Systems: Market Size & Forecast
22.2.4. Cooling Techniques: Market Size & Forecast
22.2.5. General Construction: Market Size & Forecast
22.2.6. Tier Standards: Market Size & Forecast
22.2.7. Facility Type: Market Size & Forecast by Investment
22.2.8. Facility Type: Market Size & Forecast by Area
22.2.9. Facility Type: Market Size & Forecast by Power Capacity
22.3. MARKET BY GEOGRAPHY
22.3.1. Investment: Market Size & Forecast
22.3.2. Area: Market Size & Forecast
22.3.3. Power Capacity: Market Size & Forecast
22.4. DENMARK
22.4.1. Investment: Market Size & Forecast
22.4.2. Infrastructure: Market Size & Forecast
22.5. NORWAY
22.5.1. Investment: Market Size & Forecast
22.5.2. Infrastructure: Market Size & Forecast
22.6. SWEDEN
22.6.1. Investment: Market Size & Forecast
22.6.2. Infrastructure: Market Size & Forecast
22.7. FINLAND
22.7.1. Investment: Market Size & Forecast
22.7.2. Infrastructure: Market Size & Forecast
22.8. ICELAND
22.8.1. Investment: Market Size & Forecast
22.8.2. Infrastructure: Market Size & Forecast
23. APPENDIX
23.1. LIST OF ABBREVIATIONS
23.2. SITE SELECTION CRITERIA
23.3. CURRENCY CONVERSION

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Frequently Asked Questions

How big is the Nordic data center construction market?

The Nordic data center construction market size by investment was valued at USD 1.88 billion in 2023 and is expected to reach USD 3.18 billion by 2029.

What is the estimated market size in terms of area in the Nordic data center construction market by 2029?

Regarding area, the Nordic data center construction market is expected to reach 1,663 thousand square feet by 2029.

What are the key trends in the Nordic data center construction market?

Increase in edge data center investments due to 5G deployments, growth in district heating systems, growth in artificial intelligence, government support for data center development, and innovative data center construction techniques are some key trends in the Nordic data center construction market.

What is the growth rate of the Nordic data center construction market?

The Nordic data center construction market share by investment is growing at a CAGR of 9.17% from 2023-2029.

How many MW of power capacity is expected to reach the Nordic data center construction market by 2029?

In the Nordic data center construction market, power capacity is expected to reach 345 MW by 2029.