Who are the key players in Norway Data Center Rack Market?

Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise (HPE), Rittal GMBH & Co.KG and Schneider Electric SE are the major companies operating in the Norway Data Center Rack Market. Read More

What years does this Norway Data Center Rack Market cover, and what was the market size in 2023?

In 2023, the Norway Data Center Rack Market size was estimated at 0.10 million units. The report covers the Norway Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Norway Data Center Rack Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

Norway Data Center Rack Market Size

Market Size of Norway Data Center Rack Industry

Study Period	2019 - 2030
Base Year For Estimation	2023
Market Volume (2024)	0.11 Million units
Market Volume (2030)	0.21 Million units
CAGR (2024 - 2030)	10.90 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Norway Data Center Rack Market Analysis

The Norway Data Center Rack Market size in terms of production volume is expected to grow from 0.11 Million units in 2024 to 0.21 Million units by 2030, at a CAGR of 10.90% during the forecast period (2024-2030).

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 Norway data center market is expected to reach more than 600 MW by 2029.
Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 3 million sq. ft by 2029.
Planned Racks: The country's total number of racks to be installed is expected to reach above 1,74,000 units by 2029. Oslo and Vestland are expected to 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. In November 2022, Norway would spend another NOK 43 million (USD 4.3 million) to purchase new technology that will identify threats to submarine fiber optic cables and allow critical sections of the cables to be inspected.

Norway Data Center Rack Industry Segmentation

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

Norway 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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Norway Data Center Rack Market Size Summary

The Norwegian data center rack market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from local players. The market is characterized by a shift towards full-rack data center infrastructure, which is becoming more prevalent due to the rapid expansion of mobile broadband networks and the surge in big data analytics. The country's commitment to renewable energy sources is facilitating the development of smart cities and the implementation of IoT and other smart technologies, further boosting data consumption and the need for data center racks. The e-commerce sector's growth and the rising use of social media and streaming services are also contributing to the increased demand for data processing facilities.

The competitive landscape of the Norwegian data center rack market is moderately competitive, with major players like Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise, Rittal GMBH & Co.KG, and Schneider Electric SE holding significant market shares. Recent developments, such as Green Mountain AS's partnership with TikTok and Eaton Corporation's launch of an Open Rack v3 compatible solution, highlight the market's dynamic nature. Expansion projects by companies like Bulk Infrastructure Group AS and Namsos Datasenter underscore the ongoing investments in data center infrastructure, which are expected to drive future demand for data center racks. The market's growth is further supported by the adoption of Industry 4.0 standards, IoT solutions, and artificial intelligence, which are enhancing productivity and efficiency across various sectors.

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Norway Data Center Rack Market Size - Table of Contents

1. Market Dynamics
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increased use of E-commerce platform and online banking
  2. 1.2.2 Fiber Connectivity Network Expansion in the country
3. 1.3 Market Restraints
  1. 1.3.1 Increasing stringent data security laws in the country
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. 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

Norway Data Center Rack Market Size FAQs

How big is the Norway Data Center Rack Market?

The Norway Data Center Rack Market size is expected to reach 0.11 million units in 2024 and grow at a CAGR of 10.90% to reach 0.21 million units by 2030.