Market Size of Belgium Data Center Cooling Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.30 % |
| Market Concentration | High |
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?
Belgium Data Center Cooling Market Analysis
The Belgium data center cooling market reached a value of USD 124.5 million in the previous year, and it is further projected to register a CAGR of 7.3% during the forecast period.
- The climate in Belgium supports free cooling almost year-round, according to Google engineers, with temperatures rising above the acceptable range for free cooling about seven days per year on average. The average temperature in Brussels during summer reaches 66 to 71 degrees F (18 to 21 degrees C). To prevent the unwanted high-temperature climatic zone in summer, the usage of data center cooling is potentially being used.
- The upcoming IT load capacity of the Belgium data center market is expected to reach 263.3 MW by 2029. The country's construction of raised floor area is expected to increase to 1.3 million sq. ft by 2029.
- The country's total number of racks to be installed is expected to reach 65.8 K units by 2029. Brussels is expected to house the maximum number of racks by 2029. There are close to 5 submarine cable systems connecting Belgium, and many are under construction.
- In terms of acquisitions, in June 2023, Orange announced that Orange Belgium had completed its acquisition of a controlling stake in telco operator VOO SA. The closing of this deal will give Orange Belgium a 75% stake minus 1 share in VOO SA, with the remaining 25% plus one share retained by Nethys. Such acquisitions are expected to hold significant growth in the development of submarine cables in the forecast period.
