Sweden Data Center Market - Investment Analysis & Growth Opportunities 2024-2029

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13 tables

22 charts

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60 company

7 segments

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THE SWEDEN DATA CENTER MARKET SIZE WAS VALUED AT USD 1.51 BILLION IN 2023 AND IS EXPECTED TO REACH USD 2.73 BILLION BY 2029, GROWING AT A CAGR OF 10.35% DURING THE FORECAST PERIOD

The Sweden Data Center Market Report Includes Size in Terms of

  • IT Infrastructure: Servers, Storage Systems, and Network Infrastructure
  • Electrical Infrastructure: UPS Systems, Generators, 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, and Dry Coolers, Economizers & Evaporative Coolers, and Other Cooling Units
  • General Construction: Core & Shell Development, Installation & Commissioning Services, Engineering & Building Design, Fire Detection & Suppression, Physical Security, and DCIM
  • Tier Standard: Tier I & Tier II, Tier III, and Tier IV
  • Geography: Stockholm and Other Cities

Get Insights on 36 Existing Data Centers and 09 Upcoming Facilities across the Sweden

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SWEDEN DATA CENTER MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE (INVESTMENT)USD 2.73 Billion (2029)
MARKET SIZE (AREA)312 thousand sq. feet (2029)
MARKET SIZE (POWER CAPACITY)69 MW (2029)
CAGR INVESTMENT (2023-2029)10.35%
COLOCATION MARKET SIZE (REVENUE)USD 535 Million (2029)
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
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MARKET INSIGHTS

The Sweden data center market size will witness investments of USD 2.73 billion by 2029, growing at a CAGR of 10.35% during the forecast period. Prominent cloud services providers like Microsoft, Oracle, and Amazon Web Services, as well as local hyperscale cloud providers like Evroc, have established themselves in Sweden. In 2023, Evroc plans to launch its AI Cloud flagship data center in Stockholm. Also, the surge in demand for hyperscale and colocation services in Sweden is driven by critical sectors like manufacturing, healthcare, BFSI, and government agencies. In 2024, T.Loop acquired a data center in Stockholm with plans to expand to 30 centers by 2026.

The Sweden data center market is booming because of foreign investment, rapid digitization, DESI framework, government support, cloud, IoT, 5G, and edge computing. Also, in Sweden, industries such as manufacturing, education, mining, construction, agriculture, healthcare, and public services embrace IoT technology. For example, in 2024, Ericsson collaborated with KTH Royal Institute of Technology and eight other partners on the DETERMINISTIC6G effort with a focus on integrating 6G and Time Sensitive Networking (TSN). Furthermore, Sweden currently has 4 FTZs in Stockholm, Jonkoping, Goteborg, and Malmo. These Free Trade Zones provide benefits such as tax breaks, increased connectivity, and data center infrastructure.

KEY HIGHLIGHTS

  • Stockholm, Gothenburg, Malmö, and Lulea have emerged as top destinations in the Sweden data center market for investments, powered by an expanding pool of STEM graduates and more foreign investment, resulting in higher data center deployments and job possibilities.
  • Inland connection in Sweden is improving, thanks to the establishment of significant internet exchange points such as Netnod IX Stockholm, Stockholm Internet eXchange (STHIX), and Euro-IX. Major telecom companies such as Telenor, Telia, and Tele2 have commercially introduced 5G in Sweden.
  • Sweden aims for carbon neutrality by 2045, with a projected electricity demand of 300 terawatt-hours by 2040. So, beginning in 2025, new data centers in the Sweden data center market, such as EcoDataCenter, plan to reuse their waste heat by incorporating it into district heating systems to give warmth to neighboring households and companies.
  • In Sweden, municipalities leverage Big Data and AI to enhance urban functionality and services; for example, Helsingborg, a city dedicated to Smart City initiatives, partners with Univrses (leading Smart City solutions provider). They employ universities' innovative 3DAI City computer vision technology for urban surveillance and management, optimizing city operations.
  • Sweden’s target for 2030 is to reach a 4.5% ICT specialists rate and employ 20 million people aged 15 to 74 using the DESI framework.

WHY SHOULD YOU BUY THIS RESEARCH?

  • Market size is available in terms of investment, area, power capacity, and Sweden's colocation market revenue.
  • An assessment of the data center investment in Sweden by colocation, hyperscale, and enterprise operators.
  • Investments in the area (square feet) and power capacity (MW) across cities in the country.
  • A detailed study of the existing Sweden data center market landscape, an in-depth market analysis, and insightful predictions about industry size during the forecast period.
  • Snapshot of existing and upcoming third-party data center facilities in Sweden
    • Facilities Covered (Existing): 36
    • Facilities Identified (Upcoming): 09
    • Coverage: 9+ Cities
    • Existing vs. Upcoming (Area)
    • Existing vs. Upcoming (IT Load Capacity)
  • Data Center Colocation Market in Sweden
    • Market Revenue & Forecast (2023-2029)
    • Retail & Whole Colocation Pricing
  • The Sweden data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
  • A transparent research methodology and the analysis of the demand and supply aspects of the industry.

VENDOR LANDSCAPE

  • Providers in the Sweden data center market include Digital Realty, EcoDataCenter, atNorth, Conapto, Ember, Equinix, GlobalConnect, Northern Data, Servercentralen, and STACK Infrastructure.
  • The Sweden data center market has a presence of global cloud service providers such as Microsoft and Google. Local cloud service providers include Akamai Technologies, Bahnhof, Glesys, and Multigrid.
  • In Sweden, leading colocation, cloud data centers, and hyperscalers rapidly establish renewable energy partnerships with major vendors such as Vattenfall, Jämtkraft, Deep Wind Offshore, and Neoen. For instance, Microsoft has entered into 24/7 Power Purchase Agreements (PPAs), collaborating with Vattenfall in Sweden.
  • New entrants such as Evroc, HIVE Digital Technologies, and T.Loop are entering the Sweden data center market and acquiring significant growth opportunities.

EXISTING VS. UPCOMING DATA CENTERS

  • Existing Facilities in the Region (Area and Power Capacity)
    • Stockholm
    • Other Cities
  • List of Upcoming Facilities in the Region (Area and Power Capacity)

REPORT COVERAGE:

This report analyses the Sweden data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • 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
  • General Construction
    • Core & Shell Development
    • Installation & Commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV
  • Geography
    • Stockholm
    • Other Cities

VENDOR LANDSCAPE

  • IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, IBM, Lenovo, NetApp.
  • Data Center Construction Contractors & Sub-Contractors: AFEC, Bravida, Coromatic, Dornan, DPR Construction, Granlund, Kirby Group Engineering, Mercury, NCC, Red Engineering, Skansa, STS Group, Sweco, Swedish Modules.
  • Support Infrastructure Providers: ABB, Alfa Laval, Caterpillar, Carrier, Cummins, Eaton, FlaktGroup, HITEC Power Protection, KOHLER-SDMO, Legrand, NetNordic, Rittal, Riello UPS, Rolls-Royce, Schneider Electric, Socomec, STULZ, Swegon, Vertiv.
  • Data Center Investors: atNorth, Bahnhof, Conapto, Digital Realty, EcoDataCenter, Ember, Equinix, GleSYS, Google, Meta (Facebook), Microsoft, Multigrid, Northern Data, STACK Infrastructure.
  • New Entrants: Evroc, Hive Digital Technologies, STORESPEED, T.Loop.

Frequently Asked Questions

How big is the Sweden data center market?

The Sweden data center market is expected to grow to USD 2.73 billion by 2029

How many data centers are there in Sweden?

There are 36 existing data centers and 09 upcoming data centers identified in Sweden.

What is the growth rate of the Sweden data center market?

There are 36 existing data centers and 09 upcoming data centers identified in Sweden.

What are the driving factors in the Sweden data center market?

The Swedish data center market is driven by foreign investment, rapid digitization, DESI framework, government support, cloud, IoT, 5G, and edge computing.

The Sweden data center market size is projected to reach USD 2.73 billion by 2029, growing at a CAGR of 10.35% from 2023 to 2029.

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

  • Adoption of Cloud-based Services Driving Data Center Investments
  • Procurement of Renewable Energy Sources Driving Data Center Growth
  • Accelerated Digitization with Submarine Cable Deployments

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the Sweden data center market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market

The report includes the investment in the following areas:

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • 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
  • General Construction
    • Core & Shell Development
    • Installation & Commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV
  • Geography
    • Stockholm
    • Other Cities

VENDOR LANDSCAPE

  • IT Infrastructure Providers
    • Arista Networks
    • Atos
    • Broadcom
    • Cisco Systems
    • Dell Technologies
    • Hewlett Packard Enterprise
    • Huawei Technologies
    • IBM
    • Lenovo
    • NetApp
  • Data Center Construction Contractors & Sub-Contractors
    • AFEC
    • Bravida
    • Coromatic
    • Dornan
    • DPR Construction
    • Granlund
    • Kirby Group Engineering
    • NCC
    • Red Engineering
    • STS Group
    • Skansa
    • Sweco
    • Swedish Modules (KeyPlants)
  • Support Infrastructure Providers
    • ABB
    • Alfa Laval
    • Caterpillar
    • Carrier
    • Cummins
    • Eaton
    • FlaktGroup
    • HITEC Power Protection
    • KOHLER-SDMO
    • Legrand
    • NetNordic
    • Rittal
    • Riello UPS
    • Rolls-Royce
    • Schneider Electric
    • Socomec
    • STULZ
    • Swegon
    • Vertiv
  • Data Center Investors
    • atNorth
    • Bahnhof
    • Conapto
    • Digital Realty
    • EcoDataCenter
    • Ember
    • Equinix
    • GleSYS
    • Google
    • Meta (Facebook)
    • Microsoft
    • Multigrid
    • Northern Data
    • STACK Infrastructure
  • New Entrants
    • Evroc
    • Hive Digital Technologies
    • STORESPEED
    • T.Loop

Exhibit 1 Third-Party Data Centers Snapshot
Exhibit 2 Third-Party Data Center Snapshot by Cities
Exhibit 3 Area Developed by Cities (Thousand Square Feet)
Exhibit 4 Power Capacity by Cities (MW)
Exhibit 5 Data Center Market Size & Forecast by Investment 2022−2028 ($ Million)
Exhibit 6 Data Center Market Size & Forecast by Area 2022−2028 (Thousand Square Feet)
Exhibit 7 Data Center Market Size & Forecast by Power Capacity 2022−2028 (MW)
Exhibit 8 Data Center Colocation Service Revenue: Market Size & Forecast by 2022−2028 ($ Million)
Exhibit 9 Retail vs. Wholesale Colocation Revenue: Market Size & Forecast by 2022−2028 ($ Million)
Exhibit 10 Retail & Wholesale Colocation Pricing
Exhibit 11 Market Size & Forecast by IT Infrastructure 2022−2028 ($ Million)
Exhibit 12 Market Size & Forecast by Electrical Infrastructure 2022−2028 ($ Million)
Exhibit 13 Market Size & Forecast by Mechanical Infrastructure 2022−2028 ($ Million)
Exhibit 14 Market Size & Forecast by Cooling Systems 2022−2028 ($ Million)
Exhibit 15 Market Size & Forecast by General Construction 2022−2028 ($ Million)
Exhibit 16 Market Size & Forecast by Tier Standards 2022−2028 ($ Million)
Exhibit 17 Data Center Market Size & Forecast in Stockholm by Investment 2022−2028 ($ Million)
Exhibit 18 Data Center Market Size & Forecast in Stockholm by Area 2022−2028 (Thousand Square Feet)
Exhibit 19 Data Center Market Size & Forecast in Stockholm by Power Capacity 2022−2028 (MW)
Exhibit 20 Data Center Market Size & Forecast in Other Cities by Investment 2022−2028 ($ Million)
Exhibit 21 Data Center Market Size & Forecast in Other Cities by Area 2022−2028 (Thousand Square Feet)
Exhibit 22 Data Center Market Size & Forecast in Other Cities by Power Capacity 2022−2028 (MW)

LIST OF TABLES

Table 1 List of Upcoming Data Center Projects
Table 2 Data Center Site Selection Criteria
Table 3 Overall Market Size & Forecast 2022−2028
Table 4 Market Size & Forecast by Infrastructure 2022−2028 ($ Million)
Table 5 Market Size & Forecast by Colocation Service Type 2022−2028 ($ Million)
Table 6 Market Size & Forecast by IT Infrastructure 2022−2028 ($ Million)
Table 7 Market Size & Forecast by Electrical Infrastructure 2022−2028 ($ Million)
Table 8 Market Size & Forecast by Mechanical Infrastructure 2022−2028 ($ Million)
Table 9 Market Size & Forecast by Cooling Systems 2022−2028 ($ Million)
Table 10 Market Size & Forecast by General Construction 2022−2028 ($ Million)
Table 11 Market Size & Forecast by Tier Standards 2022−2028 ($ Million)
Table 12 Stockholm Investment Market Size & Forecast 2022−2028
Table 13 Other Cities Investment Market Size & Forecast 2022−2028

1.    Existing & Upcoming Third-Party Data Centers in Sweden
1.1.    Historical Market Scenario
1.2.    35+ Unique Data Center Properties
1.3.    Data Center IT Load Capacity
1.4.    Data Center White Floor Area
1.5.    Existing Vs Upcoming Data Center Capacity by Cities
1.6.    Cities Covered
1.6.1.    Stockholm
1.6.2.    Other Cities
1.7.    List of Upcoming Data Center Facilities

2.    Investment Opportunities in Sweden
2.1.    Microeconomic and Macroeconomic factors for Sweden
2.2.    Investment Opportunities in the Sweden
2.3.    Investment by Area
2.4.    Investment by Power Capacity

3.    Data Center Colocation Market in Sweden
3.1.    Colocation Services Market in the Sweden
3.2.    Retail vs Wholesale Data Center Colocation
3.3.    Retail & Colocation Pricing

4.    Market Dynamics
4.1.    Market Drivers
4.2.    Market Trends
4.3.    Market Restraints

5.    Market Segmentation
5.1.    IT Infrastructure: Market Size & Forecast
5.2.    Electrical Infrastructure: Market Size & Forecast
5.3.    Mechanical Infrastructure: Market Size & Forecast
5.4.    Break-up of Construction Cost 2022
5.5.    General Construction Services: Market Size & Forecast

6.    Tier Standard Investment
6.1.    Tier I & II
6.2.    Tier III
6.3.    Tier IV

7.    Geography
7.1.    Stockholm
7.2.    Other Cities

8.    Key Market Participants
8.1.    IT Infrastructure Providers
8.2.    Construction Contractors
8.3.    Support Infrastructure Providers
8.4.    Data Center Investors

9.    Appendix
9.1.    Market Derivation
9.2.    Quantitative Summary

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Frequently Asked Questions

How big is the Sweden data center market?

The Sweden data center market is expected to grow to USD 2.73 billion by 2029

How many data centers are there in Sweden?

There are 36 existing data centers and 09 upcoming data centers identified in Sweden.

What is the growth rate of the Sweden data center market?

There are 36 existing data centers and 09 upcoming data centers identified in Sweden.

What are the driving factors in the Sweden data center market?

The Swedish data center market is driven by foreign investment, rapid digitization, DESI framework, government support, cloud, IoT, 5G, and edge computing.