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Sweden Data Center Construction Market Size (2024 - 2029)

The Sweden data center construction market is anticipated to experience significant growth, with an increase in market size driven by the rising IT load capacity and the expansion of raised floor areas. The market's expansion is further supported by the installation of a substantial number of racks, particularly concentrated in Stockholm. Additionally, the development of submarine cable systems, such as the N0r5ke Viking 2, is expected to enhance connectivity, contributing to the market's growth trajectory.

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Market Size of Sweden Data Center Construction Industry

Sweden Data Center Construction Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 0.84 Billion
Market Size (2030) USD 1.53 Billion
CAGR (2024 - 2030) 10.70 %
Market Concentration Medium

Major Players

Sweden Data Center Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sweden Data Center Construction Market Analysis

The Sweden Data Center Construction Market size is estimated at USD 0.84 billion in 2024, and is expected to reach USD 1.53 billion by 2030, growing at a CAGR of 10.70% during the forecast period (2024-2030).

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Swedish data center construction market is expected to reach more than 340 MW by 2030.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase by more than 1.7 million sq. ft by 2030.
  • Planned Racks: The country's total number of racks to be installed is expected to reach more than 87,000 units by 2030. Stockholm may house the maximum number of racks by 2030.
  • Planned Submarine Cables: There are close to 12 submarine cable systems connecting Sweden, and many are under construction. One such submarine cable, estimated to be built by the end of 2024, is N0r5ke Viking 2, which stretches over 9,000 km with landing points at Lagunen, Sweden; Tananger, Norway; Stavanger, Norway; Oslo; Lista, Norway; Kristiansand, Norway; Larvik, Norway; Håvik, Norway; Haugesund, Norway; Horten, Norway; Bunnefjorden, Norway; Egersund, Norway; Bergen, Norway; and Arendal, Norway.

Sweden Data Center Construction Industry Segmentation

Data center construction combines physical processes used to construct a data center facility. It chains construction standards with data center operational environment requirements.

The Swedish data center construction market is segmented by infrastructure (electrical infrastructure (power distribution solutions (PDU, transfer switches, switchgear, power panels and components, and other power distribution solutions)), power back-up solutions (UPS and generators), and service – design and consulting, integration, support and maintenance), mechanical infrastructure (cooling systems (immersion cooling, direct-to-chip cooling, rear door heat exchanger, and in-row and in-rack cooling), racks, and other mechanical infrastructure), and general construction), tier type (tier I and II, tier III, and tier IV), and end user (banking, financial services and insurance, IT and telecommunications, government and defense, healthcare, and other end users).

By Infrastructure
By Electrical Infrastructure
Power Distribution Solutions
PDU - Basic and Smart - Metered and Switched Solutions
Transfer Switches
Static
Automatic (ATS)
Switchgear
Low-voltage
Medium-voltage
Power Panels and Components
Other Power Distribution Solutions
Power Back-up Solutions
UPS
Generators
Service - Design and Consulting, Integration, Support and Maintenance
By Mechanical Infrastructure
Cooling Systems
Immersion Cooling
Direct-to-Chip Cooling
Rear Door Heat Exchanger
In-row and In-rack Cooling
Racks
Other Mechanical Infrastructure
General Construction
By Tier Type
Tier I and II
Tier III
Tier IV
By End User
Banking, Financial Services, and Insurance
IT and Telecommunications
Government and Defense
Healthcare
Other End Users
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Sweden Data Center Construction Market Size Summary

The Sweden data center construction market is experiencing significant growth, driven by increasing demand for data center services across various sectors. The market is characterized by a robust expansion in IT load capacity and raised floor area, with Stockholm emerging as a key hub due to its vibrant tech startup scene and entrepreneurial spirit. The telecommunications and cloud segments are anticipated to be the primary revenue generators, while the manufacturing sector is poised for substantial growth, fueled by Industry 4.0 initiatives. The Swedish government's focus on digitalization, e-health, and online education further propels the demand for data center infrastructure, as it aims to enhance digital accessibility and medical services through significant investments.

The market landscape is fairly consolidated, with major players like AECOM, Dornan(Engineering Works), and EcoDataCenter leading the charge in infrastructure development. These companies are actively investing in new facilities and renewable energy solutions to meet the growing demand and sustainability goals. Stockholm's data centers are particularly notable for their commitment to operating on 100% renewable energy, aligning with the city's ambitious zero CO2 emissions target. The expansion of data center facilities in regions such as Falun and Pitea is also crucial for alleviating economic pressure on Stockholm and fostering growth in other parts of the country. This strategic development underscores the market's potential for continued expansion and innovation in the coming years.

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Sweden Data Center Construction Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 By Infrastructure

      1. 1.1.1 By Electrical Infrastructure

        1. 1.1.1.1 Power Distribution Solutions

          1. 1.1.1.1.1 PDU - Basic and Smart - Metered and Switched Solutions

          2. 1.1.1.1.2 Transfer Switches

            1. 1.1.1.1.2.1 Static

            2. 1.1.1.1.2.2 Automatic (ATS)

          3. 1.1.1.1.3 Switchgear

            1. 1.1.1.1.3.1 Low-voltage

            2. 1.1.1.1.3.2 Medium-voltage

          4. 1.1.1.1.4 Power Panels and Components

          5. 1.1.1.1.5 Other Power Distribution Solutions

        2. 1.1.1.2 Power Back-up Solutions

          1. 1.1.1.2.1 UPS

          2. 1.1.1.2.2 Generators

        3. 1.1.1.3 Service - Design and Consulting, Integration, Support and Maintenance

      2. 1.1.2 By Mechanical Infrastructure

        1. 1.1.2.1 Cooling Systems

          1. 1.1.2.1.1 Immersion Cooling

          2. 1.1.2.1.2 Direct-to-Chip Cooling

          3. 1.1.2.1.3 Rear Door Heat Exchanger

          4. 1.1.2.1.4 In-row and In-rack Cooling

        2. 1.1.2.2 Racks

        3. 1.1.2.3 Other Mechanical Infrastructure

      3. 1.1.3 General Construction

    2. 1.2 By Tier Type

      1. 1.2.1 Tier I and II

      2. 1.2.2 Tier III

      3. 1.2.3 Tier IV

    3. 1.3 By End User

      1. 1.3.1 Banking, Financial Services, and Insurance

      2. 1.3.2 IT and Telecommunications

      3. 1.3.3 Government and Defense

      4. 1.3.4 Healthcare

      5. 1.3.5 Other End Users

Sweden Data Center Construction Market Size FAQs

The Sweden Data Center Construction Market size is expected to reach USD 0.84 billion in 2024 and grow at a CAGR of 10.70% to reach USD 1.53 billion by 2030.

In 2024, the Sweden Data Center Construction Market size is expected to reach USD 0.84 billion.

Sweden Data Center Construction Market Report Snapshots

Sweden Data Center Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)