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Sweden Data Center Cooling Market Size (2024 - 2029)

The Sweden data center cooling market is experiencing growth driven by the country's favorable climate, which reduces the need for extensive cooling systems. The development of urban data centers and the rise of cooling-as-a-service are significant factors contributing to the market's expansion. As the IT load capacity and construction of raised floor areas increase, along with the installation of a substantial number of racks, the market size is expected to grow. Additionally, the connectivity provided by submarine cable systems enhances Sweden's attractiveness for data centers, further influencing the market's growth trajectory.

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Market Size of Sweden Data Center Cooling Industry

Sweden Data Center Cooling Market Summary
Study Period 2018 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 87 Million
Market Size (2030) USD 202.90 Million
CAGR (2024 - 2030) 15.10 %
Market Concentration High

Major Players

Sweden Data Center Cooling Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sweden Data Center Cooling Market Analysis

The Sweden Data Center Cooling Market size is estimated at USD 87 million in 2024, and is expected to reach USD 202.90 million by 2030, growing at a CAGR of 15.10% during the forecast period (2024-2030).

  • Sweden's very cold climate makes it an attractive location for data centers, offsetting the need for major server cooling systems. However, urban data centers are increasingly important as the 'edge' of the network develops. Cooling-as-a-service is one advantage they have over remote sites, leading to major market demand.
  • The upcoming IT load capacity of the Swedish data center market is expected to reach more than 500 MW by 2030. The country's construction of raised floor area is expected to reach more than 2 million sq. ft by 2030.
  • The country's total number of racks to be installed is expected to reach more than 87K units by 2030. Stockholm is expected to house the maximum number of racks by 2030. Close to 26 submarine cable systems are connecting Sweden, and many are under construction. One such submarine cable that is estimated to start service in 2024 is N0r5ke Viking 2, which stretches over 9,000 km with landing points from Lagunen, Sweden.

Sweden Data Center Cooling Industry Segmentation

Data center cooling is a set of techniques and technologies to maintain optimal operating temperatures in data center environments. Data center cooling is critical as data center facilities 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.

The Swedish data center cooling market is segmented into technology (air-based cooling [chillers and economizers, CRAH, cooling towers, and other air-based cooling technologies] and liquid-based cooling (immersion cooling, direct-to-chip cooling, and rear-door heat exchanger]), type of data center (hyperscaler, enterprise, and colocation), and end-user industry (IT and telecom, retail and consumer goods, healthcare, media and entertainment, federal and institutional agencies, and other end-user industries). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Cooling Technology
Air-based Cooling
Chiller and Economizer
CRAH
Cooling Tower (covers direct, indirect & two-stage cooling)
Others
Liquid-based Cooling
Immersion Cooling
Direct-to-Chip Cooling
Rear-Door Heat Exchanger
By Type
Hyperscalers (owned & Leased)
Enterprise (On-premise)
Colocation
By End user Vertical
IT & Telecom
Retail & Consumer Goods
Healthcare
Media & Entertainment
Federal & Institutional agencies
Other end-users
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Sweden Data Center Cooling Market Size Summary

The Sweden data center cooling market is experiencing significant growth, driven by the country's favorable climate and renewable energy resources. The cold climate reduces the need for extensive cooling systems, making Sweden an attractive location for data centers. However, the rise of urban data centers and the development of edge networks are increasing the demand for advanced cooling solutions, such as cooling-as-a-service. The market is also benefiting from Sweden's low power prices, largely due to hydropower, which attracts telecom companies seeking to reduce their carbon footprint and operational costs. The expansion of mobile networks, particularly with the rollout of 5G, is further fueling investments in data center infrastructure, necessitating efficient cooling technologies to support high-density racks and increased data traffic.

The market is characterized by the adoption of innovative cooling solutions, including liquid cooling and free cooling methods, which are essential for maintaining the reliability of high-density IT systems. Companies like Interxion and Conapto are leveraging seawater and rainwater harvesting to reduce energy and water consumption, respectively. The industry is also witnessing investments from major cloud providers such as Google, Microsoft, and Amazon, who are establishing data centers in Sweden to promote sustainable business practices. Key players in the market, including Submer Technologies, FlaktGroup Holding GmbH, and Excool Ltd., are focusing on expanding their market presence through strategic collaborations and the introduction of environmentally friendly cooling solutions. Recent advancements, such as STULZ's CyberCoolFree Cooling Booster and Daikin's R-32 chillers, highlight the industry's commitment to sustainability and efficiency in data center cooling.

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Sweden Data Center Cooling Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Key cost considerations for Cooling

      1. 1.2.1 Analysis of the key cost overheads related to DC operations with an eye on DC Cooling

      2. 1.2.2 Comparative Study of the cost and operational considerations related to each Cooling technology - based on key factors such as design complexity, PUE, advantages, drawbacks, extent of utilization of natural weather conditions)

      3. 1.2.3 Key innovations and developments in Data Center Cooling

      4. 1.2.4 Key energy efficiency practices adopted in Data Centers

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Cooling Technology

      1. 2.1.1 Air-based Cooling

        1. 2.1.1.1 Chiller and Economizer

        2. 2.1.1.2 CRAH

        3. 2.1.1.3 Cooling Tower (covers direct, indirect & two-stage cooling)

        4. 2.1.1.4 Others

      2. 2.1.2 Liquid-based Cooling

        1. 2.1.2.1 Immersion Cooling

        2. 2.1.2.2 Direct-to-Chip Cooling

        3. 2.1.2.3 Rear-Door Heat Exchanger

    2. 2.2 By Type

      1. 2.2.1 Hyperscalers (owned & Leased)

      2. 2.2.2 Enterprise (On-premise)

      3. 2.2.3 Colocation

    3. 2.3 By End user Vertical

      1. 2.3.1 IT & Telecom

      2. 2.3.2 Retail & Consumer Goods

      3. 2.3.3 Healthcare

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Federal & Institutional agencies

      6. 2.3.6 Other end-users

Sweden Data Center Cooling Market Size FAQs

The Sweden Data Center Cooling Market size is expected to reach USD 87 million in 2024 and grow at a CAGR of 15.10% to reach USD 202.90 million by 2030.

In 2024, the Sweden Data Center Cooling Market size is expected to reach USD 87 million.

Sweden Data Center Cooling Market Report Snapshots

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