Sweden Data Center Power Market Size (2024 - 2029)

Sweden Data Center Power Market Analysis

The Sweden Data Center Power Market size is estimated at USD 201.80 million in 2024, and is expected to reach USD 279.20 million by 2029, growing at a CAGR of 3.89% 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.

• IT Load Capacity: The IT load capacity of the Swedish data center market may grow steadily and reach 400 MW by 2029.
• Raised Floor Space: The country's total raised floor area is expected to reach 1.2 million sq. ft by 2029.
• Installed Racks: The country's total number of installed racks is expected to reach 87,000 units by 2029. Stockholm may house the maximum number of racks by 2029.
• Planned Submarine Cables: Nearly 26 submarine cable systems are connecting Sweden, 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. The country 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 to achieve the energy policy goal of 100% renewable electricity production by 2040. The country’s economy is also becoming less energy-intensive. Moreover, to further reduce energy consumption, key market players are introducing efficient power management systems such as PDUs, busways, and UPS to control unnecessary expenditures in data centers, which is expected to increase market growth.

Sweden Data Center Power Industry Segmentation

Data center power refers to the power infrastructure, including electrical components and electrical distribution systems, which provide the power necessary to operate and support the devices and servers within the 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 redundancy through duplicated components to maintain uninterrupted operations in the event of failure of some components and to maintain uptime during maintenance.

The Swedish data center power market 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 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.