Denmark Data Center Construction Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.94 Billion |
| Market Size (2030) | USD 1.98 Billion |
| CAGR (2024 - 2030) | 13.17 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Denmark Data Center Construction Market Analysis
The Denmark Data Center Construction Market size is estimated at USD 0.94 billion in 2024, and is expected to reach USD 1.98 billion by 2030, growing at a CAGR of 13.17% during the forecast period (2024-2030).
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Danish data center construction market is expected to reach more than 300 MW by 2030.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to be more than 1.3 thousand sq. ft by 2030.
- Planned Racks: The country's total number of racks to be installed is expected to reach more than 63.9 thousand units by 2030. Copenhagen is expected to house the maximum number of racks by 2030.
- Planned Submarine Cables: There are close to 20 submarine cable systems connecting Denmark, and many are under construction.
Denmark Data Center Construction Market Trends
The IT and Telecommunications Segment to Record Significant Market Share
- With an impressive 99.3% 5G coverage, Denmark stands out for its exceptional connectivity speeds and minimal latency. The country's dedication to technological progress is evident through initiatives like the 5G award program, which, in turn, spurs the construction of more data centers.
- Rising cloud adoption, fueled by advancements in technologies such as AI, big data, and blockchain, is propelling Denmark's market. Notably, the country's data center construction market has witnessed a significant uptick, drawing in tech giants like Facebook, Google, and Apple, bolstering the nation's cloud computing infrastructure.
- The looming 5G wave is prompting telecom companies to invest in the data center market. Denmark, for example, aims to extend its broadband strategy to reach 98% of households and businesses, offering 1 Gbps download speeds by 2025.
- In August 2023, Ericsson and TDC NET activated Denmark's inaugural 5G Standalone (SA) network, heralding a new era of possibilities for consumers. This move not only propels growth in the country's data center industry but also incentivizes operators to either expand their existing facilities or construct new ones to meet the escalating demands for data processing.
Tier 3 Data Centers were Expected to Record Significant Market Share in 2023
- Denmark's data center construction market is steadily expanding, prompting service providers to embrace tier 3 standards. This shift has led to a notable uptick in tier 3 colocation facilities across the nation. By 2023, Denmark had already established more than 25 tier 3 data centers, and with approximately 5 more in the pipeline, all striving for tier 3 certification.
- Leading the construction of tier 3 data centers are key players such as Interxion (Digital Realty Trust Inc.), Stack Infrastructure Inc., and GlobalConnect. Notably, Copenhagen is poised for a substantial uptick in data center construction activities within Denmark.
- The rising wave of digitization is poised to drive substantial growth for tier 3 data centers in the coming years. This growth is fueled by key factors such as the ubiquitous use of smartphones and the rapid expansion of e-commerce, social media, and fintech industries. For instance, as of January 2024, Denmark boasted 4.72 million social media users, representing an impressive 79.7% of its total population. These trends collectively bode well for the proliferation of tier 3 data centers.
Denmark Data Center Construction Industry Overview
The Danish data center construction market is moderately fragmented, with key players such as MT Højgaard Holding and Mercury Engineering. Notably, major data center corporations are intensifying their investments in Denmark, primarily focusing on expanding and building new facilities. This uptick in investments directly correlates with the growing demand for advanced data processing and storage capabilities.
October 2023: atNorth, a data center provider, unveiled its plans to broaden its operations into Denmark, setting up a cutting-edge facility in Ballerup, a suburb of Greater Copenhagen. The initial phase of this project is slated to launch in Q4 2024, just 12 months after the commencement of construction. This new site, dubbed DEN01, signifies atNorth's ninth data center and solidifies its footprint in four out of the five Nordic nations.
Denmark Data Center Construction Market Leaders
-
Mercury Engineering
-
COWI A/S
-
Per Aarsleff A/S
-
Coromatic Group AB
-
MT Hojgaard Holding
*Disclaimer: Major Players sorted in no particular order
Denmark Data Center Construction Market News
- February 2023: Prime Data Centers officially announced its expansion into Denmark as part of its broader strategy to bolster its presence in Europe, the Middle East, and Africa. The company is set to establish a cutting-edge 124 MW data center campus in the region.
- December 2023: Penta Infra initiated the construction of a colocation data center in Hamburg, Germany. The new facility, spanning 2,500 sq. m (26,900 sq. ft) of white space, is slated to be operational by early 2025, boasting a capacity of 4.4 MW.
Denmark Data Center Construction Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions And Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Research Framework
- 2.2 Secondary Research
- 2.3 Primary Research
- 2.4 Data Triangulation and Insight Generation
3. EXECUTIVE SUMMARY
4. MARKET INSIGHT
- 4.1 Market Overview
-
4.2 Market Dynamics
- 4.2.1 Market Drivers
- 4.2.1.1 Government Support for Digitization, and 5G Deployment to Drive Market Growth
- 4.2.1.2 Rising Demand for Cloud Based Services to Drive Market Growth
- 4.2.2 Market Restraints
- 4.2.2.1 Growing Environmental Concerns to Hinder Market Growth
-
4.3 Industry Attractiveness - Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitutes
- 4.3.5 Intensity of Competitive Rivalry
-
4.4 Key Denmark Data Center Construction Statistics
- 4.4.1 Number of Data Centers In Denmark, 2022 and 2023
- 4.4.2 Data Center Under Construction in Denmark, In MW, 2024 - 2029
- 4.4.3 Average Capex and Opex for the Danish Data Center Construction
- 4.4.4 Data Center Power Capacity Absorption In MW, Selected Cities, Denmark, 2022 and 2023
- 4.4.5 The top CAPEX Spenders on Data Center Infrastructure in Denmark
5. MARKET SEGMENTATION
-
5.1 By Infrastructure
- 5.1.1 By Electrical Infrastructure
- 5.1.1.1 Power Distribution Solution
- 5.1.1.1.1 PDU - Basic and Smart - Metered and Switched Solutions
- 5.1.1.1.2 Transfer Switches
- 5.1.1.1.2.1 Static
- 5.1.1.1.2.2 Automatic (ATS)
- 5.1.1.1.3 Switchgear
- 5.1.1.1.3.1 Low-voltage
- 5.1.1.1.3.2 Medium-voltage
- 5.1.1.1.4 Power Panels and Components
- 5.1.1.1.5 Others
- 5.1.1.2 Power Back-up Solutions
- 5.1.1.2.1 UPS
- 5.1.1.2.2 Generators
- 5.1.1.3 Service - Design and Consulting, Integration, Support and Maintenance
- 5.1.2 By Mechanical Infrastructure
- 5.1.2.1 Cooling Systems
- 5.1.2.1.1 Immersion Cooling
- 5.1.2.1.2 Direct-to-Chip Cooling
- 5.1.2.1.3 Rear Door Heat Exchanger
- 5.1.2.1.4 In-row and In-rack Cooling
- 5.1.2.2 Racks
- 5.1.2.3 Other Mechanical Infrastructure
- 5.1.3 General Construction
-
5.2 By Tier Type
- 5.2.1 Tier 1 and 2
- 5.2.2 Tier 3
- 5.2.3 Tier 4
-
5.3 By End User
- 5.3.1 Banking, Financial Services, and Insurance
- 5.3.2 IT and Telecommunications
- 5.3.3 Government and Defense
- 5.3.4 Healthcare
- 5.3.5 Other End Users
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 Mercury Engineering
- 6.1.2 MT Hojgaard Holding
- 6.1.3 COWI A/S
- 6.1.4 Per Aarsleff A/S
- 6.1.5 Coromatic Group AB
- 6.1.6 Soren Jensen
- 6.1.7 NIRAS A/S
- 6.1.8 Exyte (M+W Group)
- 6.1.9 Logi-Tek Ltd
- 6.1.10 John Sisk & Son Ltd
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9. ABOUT US
- 9.1 Industries Covered
- 9.2 Illustrative List of Clients in the Industry
- 9.3 Our Customized Research Capabilities
Denmark 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 Danish data center construction market is segmented by infrastructure (electrical infrastructure [power distribution solution (PDU, transfer switches, switchgear, power panels and components, and others), power back-up solution (UPS and generators), and service (design and consulting, integration, and 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 1 and 2, tier 3, and tier 4), 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 Solution | PDU - Basic and Smart - Metered and Switched Solutions | |
| Transfer Switches | Static | |||
| Automatic (ATS) | ||||
| Switchgear | Low-voltage | |||
| Medium-voltage | ||||
| Power Panels and Components | ||||
| Others | ||||
| By Infrastructure | By Electrical Infrastructure | Power Back-up Solutions | UPS | |
| Generators | ||||
| By Infrastructure | By Electrical Infrastructure | Service - Design and Consulting, Integration, Support and Maintenance | ||
| By Infrastructure | By Mechanical Infrastructure | Cooling Systems | Immersion Cooling | |
| Direct-to-Chip Cooling | ||||
| Rear Door Heat Exchanger | ||||
| In-row and In-rack Cooling | ||||
| By Infrastructure | By Mechanical Infrastructure | Racks | ||
| Other Mechanical Infrastructure | ||||
| By Infrastructure | General Construction | |||
| By Tier Type | Tier 1 and 2 | |||
| Tier 3 | ||||
| Tier 4 | ||||
| By End User | Banking, Financial Services, and Insurance | |||
| IT and Telecommunications | ||||
| Government and Defense | ||||
| Healthcare | ||||
| Other End Users |
Denmark Data Center Construction Market Research FAQs
How big is the Denmark Data Center Construction Market?
The Denmark Data Center Construction Market size is expected to reach USD 0.94 billion in 2024 and grow at a CAGR of 13.17% to reach USD 1.98 billion by 2030.
What is the current Denmark Data Center Construction Market size?
In 2024, the Denmark Data Center Construction Market size is expected to reach USD 0.94 billion.
Who are the key players in Denmark Data Center Construction Market?
Mercury Engineering, COWI A/S, Per Aarsleff A/S, Coromatic Group AB and MT Hojgaard Holding are the major companies operating in the Denmark Data Center Construction Market.
What years does this Denmark Data Center Construction Market cover, and what was the market size in 2023?
In 2023, the Denmark Data Center Construction Market size was estimated at USD 0.82 billion. The report covers the Denmark Data Center Construction Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Denmark Data Center Construction Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Denmark Data Center Construction Industry Report
Statistics for the 2024 Denmark Data Center Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Denmark Data Center Construction analysis includes a market forecast outlook to for 2024 to (2024to2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
