The Nordic Data Center Construction Market Is Expected To Grow At A CAGR Of 7.33% During 2023-2028


(MENAFN- GlobeNewsWire - Nasdaq)

New York, May 25, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Nordic Data Center Construction Market - Industry Outlook & Forecast 2023-2028" -
. 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 centers operators, such as Google, Microsoft, AWS, Oracle, and Meta.
. There is an increase in initiatives being taken by various government
s 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
.
5G DEPLOYMENTS FUELING DATA CENTER INVESTMENTS
. Nordic countries are deploying 5G rapidly, driving investment
s in data centers, especially edge data centers.
. In July 2022, Eltel and Telenor Norway signed an agreement for USD 36-40 million for 2023-2024 for upgrading and strengthening the telecommunication
network of Telenor 5G in Denmark.
. Telenor and Tele2 combined to form a joint venture known as Net4Mobility which expects to cover 90% Swedish population with 5G by the end of the year 2023 and 100% by 2024.
. Iceland is showing tremendous signs of 5G progression. Síminn, an Icelandic network operator, has targets for nationwide 5G coverage by the end of 2022.
INCREASING CLOUD SERVICES ADOPTION IS BOOSTING THE MARKET GROWTH
Nordic companies mainly opt for a hybrid cloud approach by enjoying public and private cloud benefits such as enhanced security. Companies across Nordics are shifting their workloads to the cloud to strengthen their digitalization goals and enjoy cloud advantages. For instance, a Swedish bank
migrated its services to the AWS cloud to analyze customer behavior and make data-driven decisions effectively. Hyperscale cloud services providers such as AWS, Google, Microsoft, Oracle, and Meta are increasing their service capabilities for supporting businesses.
RISING AWARENESS OF CARBON-NEUTRALITY
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.
Tax Incentives Boosting Data Center Construction
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.
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
COMPETITIVE ANALYSIS
. Some major Nordic data center construction
market
vendors include companies Arup, Caverion, Cowi, Designer Group, RED, and Granlund Group.
. These vendors are collaborating with operators to provide reliable construction
solutions. For instance, Keysource provided its planning, engineering, and construction
services to Namsos Datasenter (NDS) for edge data center construction
.
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
KEY QUESTIONS ANSWERED
1. How big is the Nordic data center construction
market
?
2. What is the growth rate of the Nordic data center construction
market
?
3. What is the estimated market
size in terms of area in the Nordic data center construction
market
by 2028?
4. What factors drive the Nordic data center construction
market
growth?
5. How many MW of power capacity is expected to reach the Nordic data center construction
market
by 2028?
Read the full report:
About reportlinker
ReportLinker is an award-winning market
research solution. Reportlinker finds and organizes the latest industry
data so you get all the market
research you need - instantly, in one place.
__________________________




MENAFN25052023004107003653ID1106316290


GlobeNewsWire - Nasdaq

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.