Europe Data Center Rack Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2030)

The Europe Data Center rack market is segmented by Rack Size (Quarter Rack, Half Rack, and Full Rack), End-user Industry (BFSI, IT, Telecom, Government, Media, and Entertainment), and Country. The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

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Europe Data Center Rack Market Size

Europe Data Center Rack Market Summary
Study Period 2024 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR 8.80 %
Market Concentration High

Major Players

Europe Data Center Rack Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Europe Data Center Rack Market Analysis

The Europe Data Center Rack Market value of USD 2.6 million in previous year and it is further projected to grow and register a CAGR of 8.8%.

Under Construction IT Load Capacity: The upcoming IT load capacity of the Europe data center construction market is expected to reach 1,7922.59 MW by 2029.

Under Construction Raised Floor Space: The Region's construction of raised floor area is expected to increase by 8.7 million sq. ft by 2029.

Planned Racks: The region's total number of racks to be installed is expected to reach over 4.4 million units by 2029. Denmark will likely house the maximum number of racks by 2029.

Planned Submarine Cables: There are close to 211 submarine cable systems connecting Europe, and many are under construction. One such submarine cable, estimated to be built by the end of 2026, is Leif Erikson, which stretches over 4200 Kilometers with landing points in Kristiansand, Norway.

Europe Data Center Rack Market Trends

IT and Telecom to have significant market share

  • The cloud, media and entertainment, telecom, and government end-user industries are expected to drive significant demand in the region. The demand for cloud services is promising in Denmark, Sweden, the United Kingdom, Germany, and other developed countries. The need for cloud solutions continues to grow in Denmark, and the demand for cloud-based data protection and backup solutions is expected to get more robust. In June 2022, Keepit, a cloud backup service with headquarters in Copenhagen, raised USD 22.5 million in debt financing from Silicon Valley Bank (SVB) in association with Vaekstfonden.
  • European companies are utilizing OTT in a variety of innovative ways. On average, adults in the United Kingdom watch 35 online videos per week, and most UK adults (68%) watch videos online daily (2,000 people in the United Kingdom were surveyed in July 2022). Social network user numbers are climbing in every Western European country. Still, the United Kingdom is anticipated to be the largest single market in 2023, with 43.9 million users, followed by Germany (41.1 million) and France (38.2 million).
  • The rapidly increasing 5G wave is motivating telecom vendors to invest in the European data center market. Recently, Swedish network provider Net4Mobility, a joint venture between local carriers Tele2 and Telenor, announced plans to connect 90% of the nation's population to its 5G network by the end of 2023. Among government end users, the eGovernment Benchmark evaluates the provision and delivery of eGovernment services in 35 countries across Europe, the 27 EU member states, and Iceland, Norway, Switzerland, Albania, Montenegro, North Macedonia, Serbia, and Turkey. The market share of the abovementioned end-user industries is anticipated to record growth over the forecast period.
Europe Data Center Rack Market, CAGR %, 2023-2029, By End User

FLAP-D ( FRANKFURT, LONDON/SLOUGH, AMSTERDAM, PARIS, AND DUBLIN) to have greater market share

  • The largest data center markets are covered by FLAP-D metro markets (including Frankfurt, London/Slough, Amsterdam, Paris, and Dublin). With the increasing adoption of digital services and power management, these countries are expanding their colocation facilities. In August 2022, the Greater London Authority announced plans to change the application process for data center development to tackle and ease the West London power crisis with better electricity management regulations.
  • The land price in London is around USD 150 per sq. ft. The higher land cost in London is expected to shift investments to other cities in the industry with lower land prices. For instance, Amsterdam has a lower land price for building facilities in the FLAP-D data center market, which is USD 38 per sq. ft. The Spanish market has many third-party DC projects under construction, with facilities being developed in Madrid and Barcelona.
  • In terms of renewable energy, in the FLAP-D market, renewable energy is majorly produced from solar, wind, hydroelectricity, marine and wave energy, and bioenergy. For instance, in April 2022, the French government announced a strategy for renewable energy innovation projects as per its 2030 national investment plan, with an investment of over USD 1 billion.
  • As the FLAP-D data center hubs observe a lack of land availability and skilled workforce, they are under threat from emerging regions. Countries like Italy, Poland, Belgium, and Sweden are expected to showcase growth in the future. Sweden's data center market is one of the most connected locations in the Nordic region regarding subsea cable connectivity. The country has adopted the district heating concept for data centers.
Europe Data Center Rack Market, CAGR, %, By Country, 2023 - 2029

Europe Data Center Rack Industry Overview

The European Data Center Rack Market is fairly consolidated with significant players such as Rittal GMBH & Co.KG, Schneider Electric SE, Legrand SA, Dell Inc., and Hewlett Packard Enterprise.

Europe Data Center Rack Market Leaders

  1. Rittal GMBH & Co.KG

  2. Schneider Electric SE

  3. Legrand SA

  4. Dell Inc.

  5. Hewlett Packard Enterprise

*Disclaimer: Major Players sorted in no particular order

Europe Data Center Rack Market Concentration
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Europe Data Center Rack Market News

  • February 2023: The French data center company Data4 will open a new site in Hanau, Germany. On the site of a former army barracks in Hanu, east of Frankfurt, P3 Logistic Parks, a European logistics real estate company backed by GIC, revealed plans for a sizable data center park last year. Following its purchase of the roughly 20-hectare site from P3, Data4 intends to develop a campus of its data centers. Thus providing opportunities for the vendors studied in the market.
  • January 2023: CyrusOne acquired an office complex in Frankfurt, Germany, planning to turn it into a data center campus. The investment group Corum had sold the Europark office complex in Frankfurt for EUR 95 million (USD 102.3 million) before confirming that CyrusOne was the buyer. Thus providing opportunities for the vendors studied in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumption & Market Definition

    2. 1.2 Scope of the Study

  2. 2. Research Methodology

  3. 3. Executive Summary

  4. 4. Market Dynamics

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers/Consumers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Assessment of COVID-19 Impact

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Rack Size

      1. 5.1.1 Quarter Rack

      2. 5.1.2 Half Rack

      3. 5.1.3 Full Rack

    2. 5.2 By End User

      1. 5.2.1 IT & Telecommunication

      2. 5.2.2 BFSI

      3. 5.2.3 Government

      4. 5.2.4 Media & Entertainment

      5. 5.2.5 Other End Users

    3. 5.3 By Country

      1. 5.3.1 Germany

      2. 5.3.2 France

      3. 5.3.3 United Kingdom

      4. 5.3.4 Netherlands

      5. 5.3.5 Ireland

      6. 5.3.6 Switzerland

      7. 5.3.7 Denmark

      8. 5.3.8 Sweden

      9. 5.3.9 Italy

      10. 5.3.10 Poland

      11. 5.3.11 Norway

      12. 5.3.12 Austria

      13. 5.3.13 Spain

  6. 6. COMPETITIVE LANDSCAPE

  7. 7. Company Profiles

    1. 7.1 Eaton Corporation

    2. 7.2 Black Box Corporation

    3. 7.3 Rittal GMBH & Co.KG

    4. 7.4 Schneider Electric SE

    5. 7.5 Vertic Group Corp.

    6. 7.6 Dell Inc.

    7. 7.7 nVent Electric PLC

    8. 7.8 Hewlett Packard Enterprise

    9. 7.9 Legrand SA

    10. 7.10 Fujitsu Corporation

  8. *List Not Exhaustive

  9. 8. INVESTMENT ANALYSIS

  10. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Europe Data Center Rack Industry Segmentation

A data center rack is a physical enclosure made up of usually steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.

The European data center rack market is segmented by Rack Size (Quarter Rack, Half Rack, and Full Rack), End-user Industry (BFSI, IT and Telecom, Government, Media and Entertainment), and Country. The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

By Rack Size
Quarter Rack
Half Rack
Full Rack
By End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
By Country
Germany
France
United Kingdom
Netherlands
Ireland
Switzerland
Denmark
Sweden
Italy
Poland
Norway
Austria
Spain
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Frequently Asked Questions

The Europe Data Center Rack Market is projected to register a CAGR of 8.80% during the forecast period (2024-2030)

Rittal GMBH & Co.KG, Schneider Electric SE, Legrand SA, Dell Inc. and Hewlett Packard Enterprise are the major companies operating in the Europe Data Center Rack Market.

The report covers the Europe Data Center Rack Market historical market size for years: . The report also forecasts the Europe Data Center Rack Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Data Center Rack Industry Report

Statistics for the 2024 Europe Data Center Rack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Data Center Rack analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Data Center Rack Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2030)