Sweden Data Center Construction Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
IT and Telecom to Hold a Significant Market Share
- The Swedish data center construction market is witnessing substantial growth, driven by its strong digital presence, government support for technological projects, and a rising appetite for cloud services.
- Sweden witnessed the entry of prominent global cloud providers like Microsoft, Oracle, and AWS, in addition to local leaders such as Evroc. In a significant move in 2023, Evroc unveiled intentions to open its primary AI cloud data center in Stockholm.
- Sweden's inland connectivity is on the rise, bolstered by the emergence of key internet exchange hubs like Netnod IX Stockholm, Stockholm Internet eXchange (STHIX), and Euro-IX. Notably, leading telecom giants Telenor, Telia, and Tele2 have rolled out commercial 5G services across Sweden.
- With 4G penetration on the rise, the imminent 5G rollout, and a surge in broadband connections, telecom vendors are increasingly drawn to the Swedish data center construction market. Notably, Net4Mobility, a collaboration between local giants Tele2 and Telenor, unveiled an ambitious goal to link 90% of Sweden's populace to its 5G grid in 2023. These initiatives are poised to catalyze a surge in data processing investments, consequently fueling the growth of data center constructions in Sweden.
The Tier III Segment Contributed a Significant Market Share in 2023
- In Sweden, tier III data centers take the lead, boasting advanced features, robust redundancy, and diverse power and cooling options. These centers achieve an impressive 99.982% uptime, translating to a mere 1.6 hours of downtime each year. With rising interest in edge and cloud connectivity, the tier III segment is set for continued expansion.
- By 2023, the tier III segment was poised to secure a significant market share, propelled by a notable uptick in tier III certifications at various facilities across Europe. Sweden stood out, boasting over 30 tier III data centers, with an additional four under construction, all aiming for tier III certification. Concurrently, tier IV is positioned for accelerated growth in the near future.
- In the upcoming years, tier I and II data centers are expected to witness a drop in demand and sluggish growth, primarily because of their frequent and unpredictable outages. Businesses valuing seamless operations are pivoting away from these tiers and gravitating toward more dependable alternatives. The surge in large corporations has underscored the necessity for round-the-clock business continuity, prompting a notable tilt toward tier III and tier IV data centers.
- Small and medium enterprises (SMEs) increasingly favor tier III-rated data systems for their robust redundancy features. Moreover, the rising adoption of smartphones, the evolution of smart cities, businesses' emphasis on premium content, the popularity of visually-rich online gaming, and the expanding base of online shoppers and digital transaction users are all poised to propel the demand for tier III data centers in the nation. Notably, in 2023, Sweden boasted a household internet penetration rate of nearly 94.87%, underscoring the urgent need for additional data centers to meet the country's escalating data processing demands.
Sweden Data Center Construction Industry Overview
The Swedish data center construction market features key players like DPR Construction and Collen Construction Limited, leading to a slightly fragmented landscape. Notably, major data center corporations are intensifying their investments in Sweden, with a primary focus on expansion and building new facilities. This uptick in investments directly correlates with the growing demand for advanced data processing and storage capabilities. For instance,
November 2023: EcoDataCenter, a Swedish data center firm, secured EUR 170 million (USD 184.3 million) in debt financing. The funds are earmarked for bolstering the infrastructure of its Falun campus, known as EcoDataCenter 1. This move not only fortifies EcoDataCenter's position but also opens up new avenues for the market's vendors.
Sweden Data Center Construction Market Leaders
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DPR Construction
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Collen Construction Limited
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Winthrop Technologies Ltd
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Skanska Sverige AB
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BENBAU Management GmbH
*Disclaimer: Major Players sorted in no particular order
Sweden Data Center Construction Market News
- June 2023: Swedish startup Evroc announced plans to secure EUR 3 billion in funding for the construction of two hyperscale data centers.
- April 2023: EcoDataCenter announced plans for constructing a new sustainable data center, EcoDataCenter 2, in Östersund, Sweden. The campus, boasting a total capacity of 150 MW, will be developed in stages, with the first phase of 20 MW set to be operational by 2026.
Sweden 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
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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 Security Challenges Impacting Growth of Data Centers
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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
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4.4 Key Sweden Data Center Construction Statistics
- 4.4.1 Number of Data Centers in Sweden, 2022 and 2023
- 4.4.2 Data Centers Under Construction in Sweden, in MW, 2024 - 2029
- 4.4.3 Average CAPEX and OPEX for the Swedish Data Center Construction Market
- 4.4.4 Data Center Power Capacity Absorption in MW, Selected Cities, Sweden, 2022 and 2023
- 4.4.5 Top CAPEX Spenders on Data Center Infrastructure in Sweden
5. MARKET SEGMENTATION
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5.1 By Infrastructure
- 5.1.1 By Electrical Infrastructure
- 5.1.1.1 Power Distribution Solutions
- 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 Other Power Distribution Solutions
- 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
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5.2 By Tier Type
- 5.2.1 Tier I and II
- 5.2.2 Tier III
- 5.2.3 Tier IV
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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
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6.1 Company Profiles
- 6.1.1 DPR Construction
- 6.1.2 Collen Construction Limited
- 6.1.3 Winthrop Technologies Ltd
- 6.1.4 Skanska Sverige AB
- 6.1.5 BENBAU Management GmbH
- 6.1.6 Kirby Group Engineering
- 6.1.7 Mercury Engineering
- 6.1.8 AFEC
- 6.1.9 Bravida Holding AB
- 6.1.10 Coromatic Group AB
- *List Not Exhaustive
7. INVESTMENTS 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
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 | ||||
| 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 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 |
Sweden Data Center Construction Market Research FAQs
How big is the Sweden Data Center Construction Market?
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.
What is the current Sweden Data Center Construction Market size?
In 2024, the Sweden Data Center Construction Market size is expected to reach USD 0.84 billion.
Who are the key players in Sweden Data Center Construction Market?
DPR Construction, Collen Construction Limited, Winthrop Technologies Ltd, Skanska Sverige AB and BENBAU Management GmbH are the major companies operating in the Sweden Data Center Construction Market.
What years does this Sweden Data Center Construction Market cover, and what was the market size in 2023?
In 2023, the Sweden Data Center Construction Market size was estimated at USD 0.75 billion. The report covers the Sweden Data Center Construction Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Data Center Construction Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Sweden Data Center Construction Industry Report
Statistics for the 2024 Sweden Data Center Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden 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.
