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Belgium Data Center Rack Market Size (2024 - 2029)

The Belgium data center rack market is experiencing growth driven by the increasing demand for cloud computing among small and medium-sized enterprises, adherence to government regulations for local data security, and rising investments from domestic players. The market's expansion is reflected in the anticipated increase in IT load capacity and raised floor space, alongside a significant rise in the number of racks planned for installation. Additionally, the development of submarine cable systems is set to enhance connectivity, further supporting the market's growth trajectory.

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Market Size of Belgium Data Center Rack Industry

Belgium Data Center Rack Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
Historical Data Period 2019 - 2022
CAGR (2024 - 2030) 0.90 %
Market Concentration Medium

Major Players

Belgium Data Center Rack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Belgium Data Center Rack Market Analysis

The Belgium Data Center Rack Market is expected to register a CAGR of 0.9% during the forecast period.

The Belgian data center rack market reached a volume of over 62,000 in the previous year, and it is further projected to register a CAGR of 0.9% during the forecast period. 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 above 260 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 1.3 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 65,800 units by 2029. Brussels is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 5 submarine cable systems connecting Belgium, and many are under construction. In April 2023, a new submarine cable project is planned in the country to connect Belgium with the United Kingdom and the Netherlands.

Belgium Data Center Rack Industry Segmentation

A data center rack is a physical enclosure made up of usually steel housing an electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.

Belgium's data center rack market is segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

Rack Size
Quarter Rack
Half Rack
Full Rack
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Belgium Data Center Rack Market Size Summary

The Belgian data center rack market is experiencing steady growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments from local players. The market is characterized by a rising need for data center infrastructure to support the burgeoning digital economy, particularly in the e-commerce and mobile broadband sectors. The integration of new technologies such as AI, big data, and blockchain is further propelling the demand for hyperscale data centers, which offer robust and scalable cloud networks. This trend is supported by the Belgian government's investments in IT infrastructure, particularly in the Flanders region, which provides incentives for research and development in ICT and cloud computing.

The market is moderately competitive, with major players like Schneider Electric SE, Vertic Group Corp., Rittal GMBH & Co.KG, Eaton Corporation, and Norden dominating the landscape. These companies are focusing on expanding their international presence and enhancing their product offerings to meet the growing demand for data center racks. Recent developments, such as Google's plans to build new data centers in Belgium and Eaton's launch of an Open Rack v3 compatible solution, highlight the ongoing expansion and innovation within the market. The increasing reliance on full-rack data centers to manage large volumes of data and support the rapid growth of e-commerce and cloud services is a key factor driving market expansion.

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Belgium Data Center Rack Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rapid adoption of Cloud Services in the country

      2. 1.2.2 Significant growth in Data generation

    3. 1.3 Market Restraints

      1. 1.3.1 Increasing number of Data Security Breaches

      2. 1.3.2 Low Availability of Resources

    4. 1.4 Value Chain / Supply Chain Analysis

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

      1. 1.5.1 Bargaining Power of Buyers/Consumers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      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 Rack Size

      1. 2.1.1 Quarter Rack

      2. 2.1.2 Half Rack

      3. 2.1.3 Full Rack

    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 Rack Market Size FAQs

The Belgium Data Center Rack Market is projected to register a CAGR of 0.9% during the forecast period (2024-2030)

Schneider Electric SE, Vertic Group Corp., Rittal GMBH & Co.KG, Eaton Corporation and Norden Communication are the major companies operating in the Belgium Data Center Rack Market.

Belgium Data Center Rack Market Report Snapshots

Belgium Data Center Rack Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)