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Sweden Data Center Power Market Size (2024 - 2029)

The Sweden Data Center Power Market is projected to experience growth driven by factors such as the rising demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and increased investments by domestic players. The market's expansion is supported by the growing need for data storage, which has led to a surge in data centers and increased electricity consumption. Sweden's commitment to renewable energy and efforts to reduce energy consumption through efficient power management systems are also contributing to the market's development.

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Market Size of Sweden Data Center Power Industry

Sweden Data Center Power Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 201.80 Million
Market Size (2029) USD 279.20 Million
CAGR (2024 - 2029) 3.89 %
Market Concentration Medium

Major Players

Sweden Data Center Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Power Infrastructure
Electrical Solution
UPS Systems
Generators
Power Distribution Solutions
PDU
Switchgear
Critical Power Distribution
Transfer Switches
Remote Power Panels
Other Solutions
Service
End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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Sweden Data Center Power Market Size Summary

The Sweden data center power market is poised for 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 steady expansion in IT load capacity, raised floor space, and the number of installed racks, with Stockholm anticipated to host the majority of these facilities. The country's commitment to renewable energy and the reduction of fossil fuel dependency aligns with its energy policy goals, fostering a conducive environment for data center growth. Key market players are introducing advanced power management systems to optimize energy consumption, further propelling market expansion.

The cloud segment emerges as the primary driver of data center services in Sweden, supported by the telecom sector's investments in expanding 5G coverage. The rise in mobile data traffic, fueled by improved device capabilities and increased internet connectivity, underscores the growing need for data processing and storage facilities. Government initiatives and the widespread adoption of digital technologies are enhancing broadband connectivity, thereby boosting demand for online cloud platforms. The introduction of intelligent power distribution units and energy-efficient products by major players is expected to enhance operational efficiency and reduce environmental impact, contributing to the market's growth trajectory during the forecast period.

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Sweden Data Center Power Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Adoption of Mega Data Centers and Cloud Computing

      2. 1.2.2 Increasing Demand to Reduce Operational Costs

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Installation and Maintenance

    4. 1.4 Value Chain/Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Infrastructure

      1. 2.1.1 Electrical Solution

        1. 2.1.1.1 UPS Systems

        2. 2.1.1.2 Generators

        3. 2.1.1.3 Power Distribution Solutions

          1. 2.1.1.3.1 PDU

          2. 2.1.1.3.2 Switchgear

          3. 2.1.1.3.3 Critical Power Distribution

          4. 2.1.1.3.4 Transfer Switches

          5. 2.1.1.3.5 Remote Power Panels

          6. 2.1.1.3.6 Other Solutions

      2. 2.1.2 Service

    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

Sweden Data Center Power Market Size FAQs

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

In 2024, the Sweden Data Center Power Market size is expected to reach USD 201.80 million.

Sweden Data Center Power Market Report Snapshots

Sweden Data Center Power Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)