Sweden Data Center Rack Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sweden Data Center Rack Market Analysis
The Swedish Data Center Rack Market reached a volume of around 62,000 in the previous year, and it is further projected to register a CAGR of 5.7% during the forecast period. The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Sweden data center market is expected to reach more than 400 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 1.7 million sq. ft by 2029.
- Planned Racks: The country's total number of racks to be installed is expected to reach above 87,000 units by 2029. Stockholm is expected to house the maximum number of racks by 2029.
- Planned Submarine Cables: There are close to 26 submarine cable systems connecting Sweden, and many are under construction.
Sweden Data Center Rack Market Trends
Full Rack accounted for majority market share in 2022
- Sweden is one of the leading globally connected countries in terms of the Internet and has a high consumer e-commerce maturity. Online shoppers in Sweden in 2021 will be 8 million, with the e-commerce industry accounting for 80% of them.
- Services purchased online accounted for only 8.7% of the retail market in past years, after which its share will almost double to 16%, driving the growth of online shopping in the region. It shows that it is being accepted. These figures demonstrate the growing demand for data processing devices in the e-commerce consumer industry segment of the market.
- Due to the increasing shortage of space in various companies, a full rack in the data center has taken a large part of the market share in France. The demand for full-rack data center infrastructure is increasing to cope with the increasing rack size due to the rapid growth of mobile broadband networks due to the increase in big data analytics combined with cloud computing.
- With large amounts of data generated every day, businesses rely on data centers to efficiently manage data and storage. Therefore, the increasing use of full-rack data centers is the most important factor affecting data center rack consumption. Increasing demand for technology services and investments by large companies are also changing the market growth.
- Initially, the focus was solely on data center rack infrastructure, with only size and cost considered during deployment. However, the introduction of high-density applications by various end-users, such as online banking, IT and telecommunications, media, and entertainment, creates opportunities for increased usage of full racks of data centers.
Cloud sector is the fastest growing sector in the country
- Cloud computing makes information, applications, and services accessible to multiple customers over the Internet. The Swedish data center industry is starting to receive attractive investments from hyperscale cloud providers such as Google, Microsoft, and Amazon. In October 2022, Google Cloud announced plans to build its first cloud region in Sweden to drive sustainable business transformation. In 2021, 54 cloud computing start-ups and companies will be established in Sweden.
- The prevalence of wireless devices and increasing connectivity to the Internet has increased the demand for online cloud platforms. Rising digital penetration of computers and other devices, rising from 89.72% in 2017 to 94.36% in 2022, boosted traffic on broadband channels, further supporting the growth of cloud computing services. Such factors are expected to increase the demand for computing and storage devices in the cloud market segment.
- Procurement of renewable energy, government efforts to build smart cities that increase the use of edge computing, digital economy, and rising industrial technology spending are expected to drive investment in Sweden's data centers.
- Furthermore, over 65% of Swedish companies are investing in digitalization. The trend of digitization is expected to continue during the forecast period, especially in the public sector. Demand is primarily driven by the introduction of new delivery models such as cloud computing, big data, and the Internet of Things (IoT). The increasing use of smartphones and tablets in business has become increasingly important to the public sector and e-commerce market.
Sweden Data Center Rack Industry Overview
The Sweden Data Center Rack Market is moderately competitive and has gained a competitive edge in recent years. In terms of market share, a few major players, such as Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise (HPE), ENOC SYSTEM AB, and Schneider Electric SE, currently dominate the market. These major players with a prominent market share focus on expanding their customer base across foreign countries.
In June 2023, Swedish startup Evroc planned to open a number of hyperscale data centers across Europe. The company raised EUR 13 million (USD 13.9 million) in a pre-seed round but will increase that to EUR 3 billion (USD 3.2 billion) over the next two years as it develops and operates two hyperscale data centers in Europe. The new DC facilities would increase the demand for data center racks in the coming years.
Sweden Data Center Rack Market Leaders
Black Box Corporation
Eaton Corporation
Hewlett Packard Enterprise (HPE)
ENOC SYSTEM AB
Schneider Electric SE
*Disclaimer: Major Players sorted in no particular order
Sweden Data Center Rack Market News
- October 2022: Conapto and real estate firm FastPartner have signed a contract to build a 10,000-square-meter data center building in the south of Stockholm. The site was to house an 8,000-square-foot data center and 20 MW of power when fully developed. The new DC facilities would increase the demand for data center racks in the coming years.
- February 2022: To complete the data center power supply, EcoDataCenter invested approximately 50 million SEK (USD 4.79 million) in a joint initiative with Ellevio and Falu Energi & Vatten. Secure access to 80MW of renewable power allows plants to grow to their maximum capacity.
Table of Contents
1. INTRODUCTION
1.1 Study Assumption & Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid adoption of E-Commerce in Sweden
4.2.2 Significant growth in Data generation
4.3 Market Restraints
4.3.1 Increasing number of Data Security Breaches
4.3.2 Stringent data security Law
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 By Rack Size
5.1.1 Quarter Rack
5.1.2 Half Rack
5.1.3 Full Rack
5.2 By End User
5.2.1 IT & Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media & Entertainment
5.2.5 Other End Users
6. COMPETITIVE LANDSCAPE
7. Company Profiles
7.1 Eaton Corporation
7.2 Black Box Corporation
7.3 Rittal GMBH & Co.KG
7.4 Schneider Electric SE
7.5 Vertiv Group Corp.
7.6 Hewlett Packard Enterprise (HPE)
7.7 nVent Electric PLC
7.8 Dell Inc.
7.9 Dataracks (Stagwood Industries Ltd.)
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sweden 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.
Sweden's Data Center Rack Market is Segmented by Rack Size (Quarter Rack, Half Rack, Full Rack) and by End User (IT & Telecommunication, BFSI, Government, and Media & Entertainment). 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 |
Frequently Asked Questions
What is the current Sweden Data Center Rack Market size?
The Sweden Data Center Rack Market is projected to register a CAGR of 5.70% during the forecast period (2024-2030)
Who are the key players in Sweden Data Center Rack Market?
Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise (HPE), ENOC SYSTEM AB and Schneider Electric SE are the major companies operating in the Sweden Data Center Rack Market.
What years does this Sweden Data Center Rack Market cover?
The report covers the Sweden Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Data Center Rack Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Sweden Data Center Rack Industry Report
Statistics for the 2024 Sweden Data Center Rack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden Data Center Rack analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
