The increasing investments made by colocation providers such as Apple, Facebook, Google, and Amazon Web Service (AWS) will augment the growth of the Nordic data center construction market.
Arizton’s recent market research report on the Nordic data center construction market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by electrical construction (UPS systems, generators, transfer switch and switchgear, rack PDU, and other electrical infrastructure), by mechanical construction (cooling systems, rack, and other infrastructure), by general construction (building development, installation and commissioning, services, building design, physical security, and DCIM), by country (Denmark, Finland, Iceland, Norway, and Sweden), and offers detailed competitive analysis.
The Nordic data center construction market is expected to generate revenues of approximately $6 billion by 2023, growing at a CAGR of more than 8% during 2018-2023. The deployment of new facilities of Tier 3 and Tier 4 standards will revolutionize the market in the Nordic region.
The top 3 drivers and trends contributing to the development of the Nordic data center construction market are discussed below:
Availability of Renewable Energy Source
The wide availability of renewable energy sources to power facilities will augment the growth of the Nordic data center construction market. The major facilities in the Nordic region are powered by renewable energy sources. Hyperscale operators and colocation providers are establishing new facilities in the Nordic region with renewable energy sources to reduce the cost of electricity and to operate facilities with minimal carbon emission. Renewable energy produced in the Nordic region is contributed by hydro and wind power sources. The increasing efforts by local government and energy producers to promote the use of renewable energy sources will fuel the development of the sustainable market in the Nordic region. Data center operators are procuring renewable energy before the development of the facilities in the Nordic region. Norway is the major leader in the renewable energy capacity production, followed by Sweden and Finland in the Nordic data center construction market. Iceland industries operate 100% of through renewable sources, whereas facilities investment in the country is led by cryptocurrency organizations. The use of renewable energy sources will revolutionize the Nordic market during the forecast period.
Free Cooling Facilitates Operating Facilities at Low PUE
The growing focus on reducing the environmental impact of facilities is augmenting the adoption of free cooling systems in the Nordic data center construction market. The implementation of efficient cooling and power infrastructure and free cooling solutions will help to reduce the OPEX and CAPEX in facilities across the Nordic region. The facilities taking advantage of free cooling technique across the Nordic region will reduce the energy consumption of data centers cooling infrastructure and maintain PUE of less than 1.20. The development of the innovative design of facilities, adopting innovative power, and cooling technologies will reduce PUEs and promote the development of the Nordic data center construction market. The facility operators investing in Nordic region will benefit from free cooling solutions with around 8,400 hours a year and reduce energy consumption by 50% in the market. Modular facilities are designed to reduce complexity and add more flexibility through dynamic allocation of resources as per the operator’s needs. The deployment of modular facilities is also aimed at reduced PUE of below 1.1 in the Nordic region.
Increase in Construction of Hyperscale Facilities
The rising number of investments made by Facebook, Apple, Google, and Amazon Web Service (AWS) for the deployment of hyperscale facilities will propel the growth of the Nordic data center construction market. Apple is investing over $960 million on its Viborg facility in Denmark and has also planned an Aabenraa Fjord facility with an investment of over $900 million in the Nordic region. Facebook is building its Odense facility with covering an area of over 600,000 square feet in the market. These investments will provide benefits for infrastructure providers, construction contractors, sub-contractors, installation and commissioning service providers, and architectural and engineering firms in the Nordic data center construction market. The influx of big investments in the region will improve the digital economy of the country, state and city, providing thousands of local construction and facilities operation jobs in the Nordic market.
The leading vendors in the Nordic data center construction market are ABB, Eaton, Rittal, Schneider Electric, STULZ, Vertiv, AECOM, DPR Construction, HDR Architecture, MACE Group, Mercury Engineering, NCC, and Skanska.
The complete overview of the latest market research report on Nordic data center construction market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Jan 19, 2021
UV Disinfectant Market: A Highly Competitive Market
The increasing need for the adoption of air pollution control equipment, especially in developing re...
Jan 19, 2021
How is the Europe Leading the Multiparameter Patient Monitoring System Market?
The demand for advanced medical devices to monitor real-time vital signs is rising, which in turn is...
Jan 15, 2021
Significance of Technology Development in Disinfectant Spray Market
Europe is known as the largest market for disinfectant and sanitizer across the globe....