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Belgium Data Center Power Market Size (2024 - 2029)

The Belgium Data Center Power Market is projected to experience growth driven by factors such as the rising demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and increased investments by domestic players. The market's expansion is further supported by the development of IT load capacity, raised floor space, and the installation of racks, particularly in Brussels. Belgium's efforts to enhance competition in electricity and natural gas markets, reduce fossil fuel usage, and increase renewable energy share contribute to the market's growth. Additionally, key players are focusing on efficient power management systems to control expenditures, further boosting the market's potential.

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Market Size of Belgium Data Center Power Industry

Belgium Data Center Power Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 156.90 Million
Market Size (2029) USD 181.20 Million
CAGR (2024 - 2029) 2.10 %
Market Concentration Medium

Major Players

Belgium Data Center Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Belgium Data Center Power Market Analysis

The Belgium Data Center Power Market size is estimated at USD 156.90 million in 2024, and is expected to reach USD 181.20 million by 2029, growing at a CAGR of 2.10% during the forecast period (2024-2029).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.

Under Construction IT Load Capacity: The upcoming IT load capacity of the Belgium data center market is expected to reach 260 MW by 2029.

Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase more than 1.3 million sq. ft by 2029.

Planned Racks: The country's total number of racks to be installed is expected to reach 65,000 units by 2029. Brussels will likely house the maximum number of racks by 2029.

An increasing need for data storage has resulted in an upsurge in the number of data centers, and the rising usage of data centers has increased electricity consumption in the country. Belgium has made clear progress in increasing competition in electricity and natural gas markets. It has reduced the use of fossil fuels and increased the share of renewable energy. The country’s economy is also becoming less energy intensive. Moreover, to further reduce energy consumption, key market players are focusing on introducing efficient power management systems such as PDUs, busways, and UPS for the purpose of controlling unnecessary expenditures in data centers, which is expected to increase market growth.

Planned Submarine Cables: Nearly five submarine cable systems connect Belgium, and many are under construction.

Belgium Data Center Power Industry Segmentation

Data center power refers to the power infrastructure, including electrical components and electrical distribution systems, that provide the power necessary to operate and support the devices and servers within the data center. It includes various components and technologies designed to ensure a reliable, uninterruptible power supply for data center IT equipment, including uninterruptible power supplies (UPS), power distribution units (PDU), backup generators, and other power management solutions tailored to the specific needs of data centers. Data center operators achieve data center redundancy through duplicated components to maintain uninterrupted operations in the event of failure of some components and to maintain uptime during maintenance.

The Belgian data center power market is segmented by power infrastructure (electrical solutions (UPS system, generators, power distribution solutions (PDU, switchgear, critical power distribution, transfer switches, remote power panels, others)), and service) and by end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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Belgium Data Center Power Market Size Summary

The Belgium data center power market is experiencing steady growth, driven by the increasing demand for cloud computing services and the need for enhanced data storage solutions. This demand is further fueled by government regulations on local data security and significant investments from domestic players. The market is characterized by the expansion of IT infrastructure, including the construction of new data centers and the installation of advanced power management systems such as PDUs, busways, and UPS. These systems are crucial for optimizing power consumption and managing the growing electricity needs of data centers, which are becoming more prevalent due to the rise in digital services and connected devices. The country's commitment to reducing fossil fuel use and increasing renewable energy sources also supports the market's growth, as it aligns with the global trend towards sustainable energy solutions.

The market is moderately concentrated, with a few major players like Schneider Electric SE, Fujitsu Ltd, and Cisco Technology Inc. dominating the landscape. These companies are focusing on expanding their international presence and enhancing their product offerings through strategic collaborations and technological advancements. The increasing penetration of 5G technology and the proliferation of smart devices are contributing to the rising data traffic, which in turn drives the demand for more data centers and efficient power systems. Additionally, partnerships and innovations, such as the use of hydrogen fuel cells for backup power, are expected to further propel the market. As the demand for cloud-based applications and intelligent power distribution units grows, the Belgium data center power market is poised for continued expansion over the forecast period.

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Belgium Data Center Power Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Adoption of Mega Data Centers and Cloud Computing

      2. 1.2.2 Increasing Demand to Reduce Operational Costs

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Installation and Maintenance

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Infrastructure

      1. 2.1.1 Electrical Solution

        1. 2.1.1.1 UPS Systems

        2. 2.1.1.2 Generators

        3. 2.1.1.3 Power Distribution Solutions

          1. 2.1.1.3.1 PDU

          2. 2.1.1.3.2 Switchgear

          3. 2.1.1.3.3 Critical Power Distribution

          4. 2.1.1.3.4 Transfer Switches

          5. 2.1.1.3.5 Remote Power Panels

          6. 2.1.1.3.6 Others

      2. 2.1.2 Service

    2. 2.2 End User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End Users

Belgium Data Center Power Market Size FAQs

The Belgium Data Center Power Market size is expected to reach USD 156.90 million in 2024 and grow at a CAGR of 2.10% to reach USD 181.20 million by 2029.

In 2024, the Belgium Data Center Power Market size is expected to reach USD 156.90 million.

Belgium Data Center Power Market Report Snapshots

Belgium Data Center Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)