Overview of the data center construction market in the Nordic region
Market research analysts at Technavio predict that the data center construction market in the Nordic region will grow steadily at a CAGR of around 17% by 2021. This market research analysis identifies the presence of sustainable operational environment as one of the primary growth factors for the data center construction market. The Nordic region provides renewable energy source such as hydroelectric and wind power and suitable climatic conditions to the global data center operators. This region facilitates the use of free-cooling technique that aids in the reduction of data center electricity consumption to cool the heat generated by data center IT infrastructure. Governments are increasingly investing in this region as it offers low-risk for data center operations.
Data center vendors are increasingly adopting energy-efficient infrastructure such as density-optimized servers and storage infrastructure. Hard disk drive (HDD) arrays are being replaced with solid state drive (SSD) arrays that reduce the amount of energy consumed by the infrastructure. The adoption of energy-efficient infrastructure is identified as one of the key trends behind the growth of the data center construction market in this region. Enterprises primarily prefer the Nordic region for setting up data centers as they can carry out techniques such as free-cooling and use sea water to cool data centers.
Competitive landscape and key vendors
The data center knowledge market is intensely competitive and has the presence of several global and regional vendors who offer program and construction management solutions across the world. The key vendors in the data center construction market aim to cooperate with the European business units of various enterprises in the region to offer mechanical, electrical, and plumbing (MEP) services for data centers. The data center construction companies are offering innovative and customized solutions to the customers to attain a competitive advantage in the market.
The leading vendors in the market are -
The other prominent vendors in the market are Coromatic, Enaco Sverige, MDC Stockholm, Nordisk Kombination Arkitekter, Rittal, Schneider Electric, SRV Group, and Sweco.
Segmentation by construction and analysis of the data center construction market in the Nordic region
The electrical construction segment is growing steadily and is influenced by several innovations and continual change in design requirements of the developing green data centers. Additionally, the rising need to procure and optimize redundant power systems, and the effective planning of the implementation of suitable electrical infrastructure aids enterprises achieve better uptime and reliability in data center operations.
Segmentation by country and analysis of the data center construction market in the Nordic region
Finland and Iceland
Denmark will be the major revenue contributor to this market. This will mainly be influenced by the rising investments by the Danish government to establish mega facilities and the increased adoption of cloud, big data, and IoT that will increase the need for retail colocation spaces.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the data center construction market in the Nordic region?
What are the key market trends impacting the growth of the data center construction market in the Nordic region?
What are the challenges to market growth?
Who are the key vendors in the data center construction market in the Nordic region?
What are the market opportunities and threats faced by the vendors in the data center construction market in the Nordic region?
What are the key outcomes of the five forces analysis of the data center construction market in the Nordic region?
Technavio also offers customization on reports based on specific client requirement.
A data center is a centralized data storehouse that can be physical or virtual for the remote storage and processing of data and information. Data centers are considered as the backbone of essential business operations. To support clients in gaining a competitive advantage, the global market research firm Technavio provides an extensive collection of industry research reports on the several aspects of the data center sector. The market intelligence reports from Technavio also provide detailed information on several international and regional players of the ICT industry.
To determine the industry’s growth prospects, market analysts at Technavio follow a combination of quantitative and qualitative research techniques and consider elements like the market size and the demand for multiple products across different regions. The upcoming report on the data center construction market in the Nordic Region also considers the growth of the corresponding markets such asdata center security marketand data center construction market, which are expected to project a growth of above 10% and more than 8% until 2021. As predicted by our market research analyst, suitable climatic conditions and abundance of renewable resources are few of the key factors responsible for the growth of the data center construction market in the Nordic Region.
The upcoming industry research report on the data center construction market in the Nordic Region also identifies the impending drivers, forthcoming trends, coupled with the challenges currently experienced by the data center sector. It also presents a detailed insight into the dynamically changing competitive landscape to give clients an extensive insight of the future direction of the ICT industry.