Market Size of Denmark Data Center Cooling Industry
| Study Period | 2018 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 70 Million |
| Market Size (2030) | USD 86.5 Million |
| CAGR (2024 - 2030) | 3.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Denmark Data Center Cooling Market Analysis
The Denmark Data Center Cooling Market size is estimated at USD 70 million in 2024, and is expected to reach USD 86.5 million by 2030, growing at a CAGR of 3.30% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investments by domestic players are some of the major factors driving the demand for data centers in the country.
- Under Construction IT Load Capacity: The IT load capacity of Denmark’s data center rack market is expected to reach 320 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 1.1 million sq. ft by 2029.
- Planned Racks: The country's total number of racks installed is expected to reach 63,000 units by 2029. Copenhagen is expected to house the maximum number of racks by 2029. The climate in Denmark is moderate, with precipitation evenly distributed throughout the year. It has an average annual temperature of 8.3 °C and a mean annual precipitation of 746 mm. Depending upon climatic conditions, the DC cooling is done in the DC facilities.
- Planned Submarine Cables: There are nearly 30 submarine cable systems connecting Denmark, and many are under construction. One such submarine cable, which was expected to start service in 2023, is the Digital E4; it stretches over 70 km with landing points from Ronne, Denmark, to Tejn, Denmark.
Denmark Data Center Cooling Industry Segmentation
Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. This is important because data centers house many computer servers and network equipment that generate heat during operation. Efficient cooling systems are used to dissipate this heat and prevent equipment from overheating, ensuring continued reliable operation of the data center. Various methods, such as air conditioning, liquid cooling, and hot/cold aisle containment, are commonly used to control temperature and humidity in data centers.
Denmark’s data center cooling market is segmented by cooling technology (air-based cooling (CRAH, chillers and economizers, cooling towers, and others), liquid-based cooling (immersion cooling and direct-to-chip cooling), and evaporative cooling) and end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
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Denmark Data Center Cooling Market Size Summary
The Denmark data center cooling market is poised for steady growth, driven by the increasing demand for cloud computing and the need for robust data security measures. The market is experiencing a surge in investments from domestic players, spurred by government regulations and the rising adoption of technologies such as artificial intelligence, big data, and blockchain. The moderate climate in Denmark, with its evenly distributed precipitation and cool temperatures, provides a conducive environment for data center operations. This climate advantage, coupled with the growing number of submarine cable systems, is expected to enhance the country's data center infrastructure, particularly in Copenhagen, which is anticipated to host the majority of the data center racks.
The market is moderately consolidated, with key players like Iceotope Technologies, Stulz GmbH, Rittal GMBH & Co.KG, Schneider Electric SE, and Vertiv Group Corp. leading the charge in expanding their regional presence. Technological advancements in cooling solutions, such as liquid cooling, are gaining traction due to their energy efficiency and superior heat transfer properties. These innovations are crucial for managing high-density computing environments and are increasingly being integrated into data centers to meet the growing demand for energy-efficient cooling solutions. The ongoing construction projects and the rising internet penetration and smartphone usage in Denmark are expected to further bolster the demand for data center cooling infrastructure in the coming years.
Denmark Data Center Cooling Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Trend of High-Performance Computing across Europe
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1.2.2 Growing Rack Power Density
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1.3 Market Restraints
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1.3.1 High Initial Investments
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1.4 Value Chain/Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 Cooling Technology
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2.1.1 Air-based Cooling
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2.1.1.1 CRAH
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2.1.1.2 Chiller and Economizer
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2.1.1.3 Cooling Tower
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2.1.1.4 Others
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2.1.2 Liquid-based Cooling
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2.1.2.1 Immersion Cooling
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2.1.2.2 Direct-to-Chip Cooling
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2.2 End User
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2.2.1 IT & Telecommunication
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2.2.2 BFSI
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2.2.3 Government
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2.2.4 Media & Entertainment
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2.2.5 Other End User
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Denmark Data Center Cooling Market Size FAQs
How big is the Denmark Data Center Cooling Market?
The Denmark Data Center Cooling Market size is expected to reach USD 70 million in 2024 and grow at a CAGR of 3.30% to reach USD 86.5 million by 2030.
What is the current Denmark Data Center Cooling Market size?
In 2024, the Denmark Data Center Cooling Market size is expected to reach USD 70 million.
