Market Size of Norway Data Center Power Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 256.10 Million |
| Market Size (2029) | USD 393.80 Million |
| CAGR (2024 - 2029) | 8.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Norway Data Center Power Market Analysis
The Norway Data Center Power Market size is estimated at USD 256.10 million in 2024, and is expected to reach USD 393.80 million by 2029, growing at a CAGR of 8.90% 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 data center market in Norway 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 by more than 1.5 million sq. ft by 2029.
- Planned racks: The country's total number of racks to be installed is expected to reach 81,000 units by 2029. Oslo will likely house the maximum number of racks by 2029.
- Planned submarine cables: There are close to 15 submarine cable systems connecting Norway, and many are under construction.
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. Norway 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 drive the market’s growth.
Norway 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 a 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 data center power market in Norway is segmented by power infrastructure (electrical solutions (UPS systems, generators, power distribution solutions (PDU, switchgear, critical power distribution, transfer switches, remote power panels, and other power distribution solutions)), and service) and end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
Norway Data Center Power Market Size Summary
The Norway data center power market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from domestic players. The market is characterized by a rising need for data storage, which has led to the proliferation of data centers and a corresponding increase in electricity consumption. Norway's commitment to reducing fossil fuel use and enhancing renewable energy sources has positioned it as a competitive player in the electricity and natural gas markets. This shift is further supported by the adoption of efficient power management systems, such as PDUs, busways, and UPS, which help control costs and optimize energy use in data centers. The growing penetration of connected devices and the surge in digital services, including e-commerce and cloud computing, are key factors fueling the demand for data center power solutions.
The market landscape in Norway is moderately concentrated, with major players like Schneider Electric SE, Fujitsu Ltd, Cisco Technology Inc., Eaton Corporation, and ABB Ltd dominating the scene. These companies are expanding their global footprint through strategic collaborations and product innovations, while mid-size and smaller firms are also gaining traction by securing new contracts and exploring untapped markets. The introduction of advanced technologies, such as intelligent PDUs and eco-friendly backup power solutions, is driving further growth in the sector. The increasing adoption of 5G technology and the rise of mega data centers are expected to further boost the demand for data center power infrastructure, highlighting the critical role of efficient power management in supporting Norway's digital transformation journey.
Norway Data Center Power 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 Rising Adoption of Mega Data Centers and Cloud Computing
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1.2.2 Increasing Demand to Reduce Operational Costs
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1.3 Market Restraints
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1.3.1 High Cost of Installation and Maintenance
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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 By Power Infrastructure
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2.1.1 Electrical Solution
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2.1.1.1 UPS Systems
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2.1.1.2 Generators
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2.1.1.3 Power Distribution Solutions
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2.1.1.3.1 PDU
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2.1.1.3.2 Switchgear
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2.1.1.3.3 Critical Power Distribution
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2.1.1.3.4 Transfer Switches
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2.1.1.3.5 Remote Power Panels
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2.1.1.3.6 Other Power Distribution Solutions
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2.1.2 Service
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2.2 By 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 Users
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Norway Data Center Power Market Size FAQs
How big is the Norway Data Center Power Market?
The Norway Data Center Power Market size is expected to reach USD 256.10 million in 2024 and grow at a CAGR of 8.90% to reach USD 393.80 million by 2029.
What is the current Norway Data Center Power Market size?
In 2024, the Norway Data Center Power Market size is expected to reach USD 256.10 million.
