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Globe and Mail
24-07-2025
- Business
- Globe and Mail
Iceland Data Center Market to Reach USD 812 Million by 2030
"Iceland Data Center Market Research Report by Arizton" According to Arizton's latest research report, the Iceland data center market to grow at a CAGR of 11.39% during the forecast period 2024-2030. Looking for More Information? Click: Report Scope: MARKET SIZE (INVESTMENT): USD 812 Million (2030) MARKET SIZE (AREA): 208. Thousand Sq. Feet (2030) MARKET SIZE (POWER CAPACITY): 52 MW (2030) CAGR - INVESTMENT (2024-2030): 11.39% COLOCATION MARKET SIZE (REVENUE): USD 397 Million (2030) HISTORIC YEAR: 2021-2023 BASE YEAR: 2024 2025-2030 Iceland Data Center Market Outlook: Green Infrastructure and Emerging Investment Hubs Iceland data center market, contributing nearly 10% of Nordic investments and over 5% of national GDP, is projected to reach USD 812 million by 2025, driven by rising demand for sustainable digital infrastructure. Operators benefit from Iceland's naturally cool climate and fully renewable energy supply, a balanced mix of hydropower and geothermal, which deliver excellent energy efficiency and cost advantages. Strategic policy measures, including district heating integration, circular economy practices, and expanded subsea cable capacity, further enhance Iceland's competitiveness as a low-latency hub connecting Europe and North America. While Reykjavik leads development, secondary locations such as Keflavik, Blönduós, and Akureyri are gaining traction among colocation and cloud service providers seeking scalable, green capacity in a stable regulatory environment Iceland Strengthens Data Center Market with AI-Ready, Low-Carbon Infrastructure Iceland's data center sector is rapidly evolving with advanced AI and automation to boost operational efficiency and meet growing demand for high-performance computing (HPC) and cloud services. Emerging technologies such as AI-driven cooling, dynamic workload management, and intelligent energy optimization are becoming standard as digital transformation accelerates. Backed by supportive government policies, green energy, and international partnerships, Iceland is positioning itself as a leading AI-ready hub in the Nordics. As hyperscale operators and machine learning providers diversify HPC infrastructure globally, Iceland offers resilient, low-carbon capacity for high-density, high-bandwidth workloads. Recent developments, including DataCrunch's USD 13 million funding round to scale AI cloud resources with cutting-edge NVIDIA GPU clusters, underscore Iceland's rising appeal for next-generation digital investments and sustainable HPC expansion Key Highlights: Iceland data center growth is supported by reliable green energy, strong inland and subsea cable links, and a stable regulatory framework. Reykjavik leads as the main hub for advanced data centers and cloud regions, with land prices ranging from USD 4,500–7,000 per sq m (Jan 2025). Northern regions like Akureyri offer lower setup costs and quality infrastructure for expansion. As an EEA and WTO member with over 50 double tax treaties, Iceland provides tariff-free EU access and competitive corporate tax rates. AI adoption could add up to USD 11.8 billion to Iceland's economy by 2029. Operators achieve top-tier energy efficiency with PUE ratios between 1.1 and 1.2, outperforming the global average. Iceland Expanding 5G and Edge Infrastructure Positions It as a Nordic Digital Hub Iceland is steadily reinforcing its position as a Nordic digital hub by expanding its 5G network and edge infrastructure to enable advanced applications in smart manufacturing, connected cities, and cloud services. Leading operators Nova, Síminn, and Vodafone plan to achieve 90% nationwide 5G coverage by early 2025 while retiring legacy 2G and 3G networks by year-end. With a global ranking of 6th for overall network performance (Opensignal, Q1 2025) and gigabit broadband adoption well above the OECD average, Iceland pairs robust connectivity with abundant renewable energy. International players such as Internet Initiative Japan (IIJ) are already piloting renewable-powered micro data centers to strengthen edge capabilities, further positioning Iceland as a sustainable, low-latency base for next-generation digital growth across the Nordics. The segmentation includes: IT Infrastructure Server Infrastructure Storage Infrastructure Network Infrastructure Electrical Infrastructure UPS Systems Generators Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Cabinets Other Mechanical Infrastructure Cooling Systems CRAC and CRAH Chillers Cooling Towers, Condensers, and Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & commissioning Services Building & Engineering 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 Broadcom Cisco Dell Technologies Hewlett-Packard Enterprise Huawei Technologies Hitachi Vantara IBM Lenovo NetApp Data Center Construction Contractors & Sub-Contractors AVH Blikk & Taekni COWI Perago Bygg Rafeyri Raftakn Support Infrastructure Providers Alfa Laval Carrier Eaton Legrand Schneider Electric Socomec STULZ Vertiv Data Center Investors North Borealis Data Center Verne Other Related Reports that Might be of Your Business Requirement Germany Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Ireland Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Key Questions Answered in the Report: How big is the Iceland data center market? How much MW of power capacity will be added across Iceland during 2025-2030? What is the growth rate of the Iceland data center market? What factors are driving the Iceland data center market? What's Included in the Iceland Data Center Market Report? This research provides a complete view of Iceland's data center market, covering market size, colocation revenue, installed power capacity, and detailed investment insights by city and facility. It offers an in-depth analysis of 8 existing and 2 upcoming third-party sites across 4+ key locations, with forecasts to 2030. The report breaks down investments by IT, power, cooling, and construction segments, highlights trends, growth opportunities, and market challenges, and profiles leading infrastructure providers and investors. Supported by a clear, transparent methodology, this study helps industry stakeholders make informed, strategic decisions in Iceland's expanding digital infrastructure landscape. Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Google's 2026 Plan and Telenor's $9.4M Investment-What's Drawing Cloud Giants to Norway?
"Norway Data Center Market Research Report by Arizton" According to Arizton's latest research report, Norway data center market is growing at a CAGR of 10.29% during 2024-2030. Report Summary Market Size - Investment (2030): $2.79 Billion Market Size – Area (2030): 518 Thousand Sq. ft. Market Size – Power Capacity (2030): 144 MW CAGR – Investment (2024-2030): 10.29% Colocation Market Size - Revenue (2030): $1.15 Billion Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 Norway is emerging as a key hub in the Nordic data center market, accounting for over 48% of regional data center investments in 2024. Its appeal lies in strong government support, advanced digital infrastructure, access to renewable energy, and a natural climate ideal for free cooling. Global operators and cloud providers are heavily investing in the country, fueling rapid development across multiple cities. Significant investments in 2024 include BentallGreenOak's $380 million infusion into Bulk Infrastructure Group AS and CoreWeave's $2.2 billion expansion across Norway, Sweden, and Spain. Norway is also seeing technological innovation with companies like AQ Compute introducing liquid cooling technologies in expanded data center campuses and AWS rolling out hybrid cooling systems to manage AI workloads. Schneider Electric, Vertiv, Lenovo, and others are introducing advanced liquid cooling systems to support next-gen AI processors like Nvidia's GB200 and Blackwell platforms. The growth of AI and cloud adoption is accelerating demand for AI-ready infrastructure. Cloud giants including AWS, Microsoft, Google, Oracle, IBM, and Huawei are expanding their presence, while local players like Telenor Group and Nscale are investing in sovereign cloud services and modular, sustainable data centers powered by 100% renewable energy. Norway's connectivity advantage is enhanced by over 13 existing undersea cables and three upcoming ones, further linking it to the UK, Netherlands, Germany, Sweden, and Denmark. Projects like the IOEMA subsea cable will boost the nation's role in global data exchange. As AI, digital transformation, and sustainable infrastructure drive the future of data centers, Norway positions itself at the forefront of innovation and investment in the Nordic region. Cloud Adoption Accelerates in Norway, Driving Demand for Data Center Expansion Norway is experiencing a rapid surge in cloud adoption as businesses and public institutions across industries—such as finance, healthcare, manufacturing, and telecommunications—embrace digital transformation to boost scalability, accessibility, and efficiency. Backed by the government's Cloud Computing Strategy, which encourages secure, flexible, and sustainable cloud solutions, the country is positioning itself as a regional leader in cloud innovation. As global demand for secure, scalable cloud infrastructure surges, Norway is fast emerging as a strategic hub. Tech giants are taking notice—Google has announced plans to expand its Google Cloud Platform in the country by 2026, while Telenor Group is investing over $9.4 million into a sovereign cloud strategy in collaboration with AWS and Skygard. Top Vendors Strategizing for Growth in the Norway Data Center Market Arista Networks, a leading cloud networking solutions provider offering advanced software-driven networking systems for data centers and high-performance computing (HPC) environments in Norway. The company collaborates with regional service, cloud, and colocation providers to build low-latency, high-bandwidth infrastructure tailored for AI and ML workloads. In Norway, Arista supported Basefarm, a local hosting provider, by deploying its DANZ Monitoring Fabric-Out-of-Band and Dell S4048-ON Switch, enabling real-time network flow monitoring and automation while reducing the need for multiple intrusion detection systems (IDS). Cisco Systems, a global leader in networking infrastructure, offering a comprehensive portfolio of hardware, software, and services to modernize and manage data centers. Serving multiple industries including finance, telecom, healthcare, retail, and the public sector, Cisco focuses on advancing cloud environments, hyperconverged systems, and Software-Defined Networks (SDNs). In Norway, Cisco partnered with BlueTree, a local technology company, providing solutions such as Cisco DNA Center, Cisco SD-WAN, Identity Services Engine (ISE), Cisco Meraki, and Cisco ACI. These tools enabled enhanced network provisioning, automation, and security, driving improved operational efficiency for BlueTree's infrastructure. Dell Technologies, a leading provider of IT infrastructure solutions, specializing in the modernization of data centers through a robust portfolio of hardware, software, and services. With a strong focus on hybrid cloud environments, AI optimization, and edge computing, the company delivers high-performance servers, scalable storage systems, and advanced data management tools. Dell serves a wide range of industries, including finance, healthcare, education, retail, and the public sector, by partnering with major cloud providers like Microsoft Azure and AWS. In 2024, Dell introduced the PowerEdge XE9712, designed for AI workloads, and the PowerEdge M7725, built to support High-Performance Computing (HPC), further advancing its mission to deliver efficient, sustainable, and AI-powered hybrid cloud solutions. Why Should You Buy this Research? This comprehensive research report provides valuable insights into the Norway data center market, highlighting key metrics such as market size, power capacity, and colocation revenue. It offers an in-depth assessment of data center investments by colocation, hyperscale, and enterprise operators, along with detailed analysis of infrastructure across more than nine cities in Norway. The report covers both existing (33 facilities) and upcoming (9 facilities) third-party data centers, with comparisons of data center area and IT load capacity. It also includes forecasts for the colocation market from 2021 to 2030, covering both retail and wholesale segments, along with pricing trends. Investments are broken down into IT infrastructure, power, cooling, and construction services, with sizing and projections provided. Additionally, the report examines market trends, growth opportunities, potential challenges, and the competitive landscape, including profiles of major IT infrastructure providers, construction contractors, and investors. Supported by a transparent research methodology, this report is an essential tool for stakeholders seeking to understand the dynamics and future outlook of Norway's rapidly growing data center market. The Report Includes the Investment in the Following Areas: 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 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 Hitachi Vantara Huawei Technologies IBM Juniper Networks Lenovo NetApp NetNordic Group AS Oracle Pure Storage Super Micro Computer Data Center Construction Contractors & Sub-Contractors AECOM Arup Coromatic AB COWI CTS Group Designer Group Elecnor Group HDR Architecture Keysource Kirby Group Engineering Marsh Mecwide Mercury Olaris AS Ramboll RED Engineering Design Rider Levett Bucknall (RLB) Skanska Sweco Turner & Townsend YIT Support Infrastructure Providers ABB Alfa Laval Austin Hughes Electronics Carrier Caterpillar Comsys Condair Group Cummins DEIF Delta Electronics Eaton FläktGroup GE Vernova HITEC Power Protection Johnson Controls Rehlko Legrand Mitsubishi Electric Perkins Engine Piller Power Systems Rittal Rolls-Royce Schneider Electric Siemens Socomec Group STULZ Swegon Trane Technologies Vertiv Data Center Investors AQ Compute Orange Business Bulk Infrastructure Green Mountain Lefdal Mine Data Centers STACK Infrastructure STORESPEED Telia New Entrants Keysource & Namsos DataSenter Google Key Questions Answered in the Report: How big is the Norway data center market? How many existing and upcoming data center facilities exist in Norway? How much MW of power capacity will be added across Norway during 2025-2030? What is the growth rate of the Norway data center market? What factors are driving the Norway data center market? Who are the key investors in the Norway data center market? Check Out Some of the Top Selling Reports of Your Interest: France Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Germany Data Center Market - Investment Analysis & Growth Opportunities 2025-2030 Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
