Norway Data Center Market - Investment Analysis & Growth Opportunities 2024–2029

MARKET OUTLOOK

The Norway data center market will witness cumulative investments of over USD 1.87 billion by 2029, growing at a CAGR of 10.28% during the forecast period. Oslo and Stavanger stand out as key investment hubs in Norway, offering extensive geographical coverage. Emerging markets like Kristiansand, Lillestrom, Trondheim, and Viken are attracting heightened investments. Furthermore, major global cloud service providers, including IBM, AWS, Google, and Microsoft Azure, have established their presence in the Norway data center market, emphasizing their commitment to catering to evolving business needs and ensuring accessibility, performance, and reliability for cloud-based solutions.

Land price in Oslo was estimated at approximately $35-40 per square foot. This competitive affordability of land in Oslo is expected to act as a catalyst, driving further investments in the market. Also, the region has abundant renewable energy resources, notably hydroelectric, wind, and solar power. The country's colocation and cloud data centers are making substantial strides in reducing their carbon footprint and environmental impact.

In February 2024, Google began constructing its first data center campus in Skien, Norway, with a projected investment of USD 646.4 million, showcasing the country's appeal to major players in the tech industry. Also, Green Mountain's successful completion of data center facilities and strategic expansion plans, such as the Kalberg campus, showcases the company's significant investments and contributions to the Norway data center market.

KEY HIGHLIGHTS

• The Norway data center market is experiencing robust growth driven by key factors. Government initiatives, tax incentives, and a supportive regulatory framework, including the "Norwegian Data Centres – Sustainable, Digital Power Centres" strategy, contribute to a favorable business environment.
• The government is considering regulating data centers under electronic communication rules to ensure digital security and protect national interests. It promotes using Norway's renewable energy advantage for sustainable growth in the industry.
• Norwegian industrial parks, including Mo Industrial Park, Mongstad, and Herøya Industrial Park, are pivotal in fostering innovation and promoting the circular economy as focal points for new-age technologies and sustainable initiatives.
• The key clients in the Norwegian data center landscape include cloud service providers and enterprises focusing on High-Performance Computing (HPC) applications.
• Norway's emphasis on utilizing waste heat for efficiency and environmental responsibility aligns with global trends in sustainability, attracting environmentally conscious investors and businesses.
• With 5.40 million internet users and 4.62 million active social media users as of early 2023, Norway's robust digital adoption contributes to increased data traffic, further fueling the Norway data center market growth.

WHY SHOULD YOU BUY THIS RESEARCH?

• Market size is available regarding investment, area, power capacity, and Norway colocation market revenue.
• An assessment of the data center investment in Norway by colocation and enterprise operators.
• Investments in the area (square feet) and power capacity (MW) across cities in the country.
• A detailed study of the existing Norway data center market landscape, an in-depth market analysis, and insightful predictions about data center market size during the forecast period.
• Snapshot of existing and upcoming third-party data center facilities in Norway
• Facilities Covered (Existing): 31
• Facilities Identified (Upcoming): 12
• Coverage: 12+ Locations
• Existing vs. Upcoming (Area)
• Existing vs. Upcoming (IT Load Capacity)
• Data Center Colocation Market in Norway
• Market Revenue & Forecast (2023-2029)
• Retail & Wholesale Colocation Pricing
• The Norway data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
• A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
• Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
• A transparent research methodology and the analysis of the demand and supply aspects of the industry.

VENDOR LANDSCAPE

Some key investors in the Norway data center market include Bulk Infrastructure, Green Mountain, Green Edge Compute, and STORESPEED.

The Norway data center market also witnessed the entry of colocation operators such as AQ Compute and STACK Infrastructure.

The construction contractors in the country have both a global and local presence, which supply major operators in the market—for instance, Coromatic, COWI, CTS Nordics, Designer Group, and KeySource, among others. Also, there is a slight fluctuation and variation in construction costs due to land-related activities.

EXISTING VS. UPCOMING DATA CENTERS

• Existing Facilities in the Region (Area and Power Capacity)
• Oslo
• Other Cities
• List of Upcoming Facilities in the Region (Area and Power Capacity)

REPORT COVERAGE:

This report analyses the Norway data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

• IT Infrastructure
• Servers
• Storage Systems
• Network Infrastructure
• Electrical Infrastructure
• UPS Systems
• Generators
• Transfer Switches & Switchgears
• PDUs
• Other Electrical Infrastructure
• Mechanical Infrastructure
• Cooling Systems
• Rack Cabinets
• Other Mechanical Infrastructure
• Cooling Systems
• CRAC & CRAH Units
• Chiller Units
• Cooling Towers, Condensers & Dry Coolers
• Economizers & Evaporative Coolers
• Other Cooling Units
• General Construction
• Core & Shell Development
• Installation & Commissioning Services
• Engineering & Building Design
• Fire Detection & Suppression Systems
• Physical Security
• Data Center Infrastructure Management (DCIM)
• Tier Standard
• Tier I & Tier II
• Tier III
• Tier IV

VENDOR LANDSCAPE

• IT Infrastructure Providers: Arista Networks, Cisco Systems, Dell Technologies, Hewlett Packard Enterprise, Huawei Technologies, Hitachi Vantara, IBM, Juniper Networks, Lenovo, NetApp, NetNordic, Oracle, Pure Storage, Super Micro Computer.
• Data Center Construction Contractors & Sub-Contractors: Coromatic, COWI, CTS Nordics, Designer Group, KeySource, Olaris AS, Red Engineering, and YIT.
• Support Infrastructure Providers: ABB, Alfa Laval, Austin Hughes, Carrier, Caterpillar, Comsys, Cummins, DEIF, Eaton, Flakt Group, HITEC Power Protection, Kohler SDMO, Legrand, Perkins Engines, Piller Power Systems, Rittal, Rolls Royce, Schneider Electric, Socomec, STULZ, Trane, Vertiv.
• Data Center Investors: Bulk Infrastructure, Green Mountain, Green Edge Compute, Lefdal Mine Datacenter, Orange Business Services, STACK Infrastructure, AQ Compute, and STORESPEED.