Nordic Countries Data Center Cooling Market Size & Outlook
Nordic Countries data center cooling market, 2018-2030 (US$M)
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Nordic Countries data center cooling market highlights
- The Nordic Countries data center cooling market generated a revenue of USD 396.2 million in 2023 and is expected to reach USD 1,208.3 million by 2030.
- The Nordic Countries market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, precision air conditioners was the largest revenue generating product in 2023.
- Precision air conditioners is the most lucrative product segment registering the fastest growth during the forecast period.
Data center cooling market data book summary
| Market revenue in 2023 | USD 396.2 million |
| Market revenue in 2030 | USD 1,208.3 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Precision air conditioners |
| Fastest growing segment | Precision air conditioners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Conditioners, Precision air conditioners, Chillers, Air Handling Units |
| Key market players worldwide | Fujitsu Ltd, Hitachi Ltd, Johnson Controls International PLC, Mitsubishi Electric Corp, Dell Technologies Inc Ordinary Shares - Class C, Air Enterprises, LLC., Asetek, Nortek Air Solutions |
Other key industry trends
- In terms of revenue, Nordic Countries accounted for 2.1% of the global data center cooling market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK data center cooling market is projected to lead the regional market in terms of revenue in 2030.
- Nordic Countries is the fastest growing regional market in Europe and is projected to reach USD 1,208.3 million by 2030.
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Data Center Cooling Market Scope
Data Center Cooling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Nordic Countries data center cooling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data center cooling market will help companies and investors design strategic landscapes.
Precision air conditioners was the largest segment with a revenue share of 32.76% in 2023. Horizon Databook has segmented the Nordic Countries data center cooling market based on air conditioners, precision air conditioners, chillers, air handling units covering the revenue growth of each sub-segment from 2018 to 2030.
An increasing number of energy-efficient data centers is responsible for the growth of the Nordic data center cooling market. For instance, in February 2023, Prime, a data center developer, announced its plan to create a 124MW campus comprising three buildings in Energivej in Saeby, northern Denmark.
The three threestory buildings totaling 45 MW, spread across 348,750 sq ft (32,400 sqm), are expected to be located on the 27.52-acre property. The campus will run entirely on renewable energy, and Saeby Heat Plant's waste heat is expected to be recycled and used to provide heating to the local district.
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Horizon Databook provides a detailed overview of country-level data and insights on the Nordic Countries data center cooling market , including forecasts for subscribers. This country databook contains high-level insights into Nordic Countries data center cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Nordic Countries data center cooling market size, by product, 2018-2030 (US$M)
Nordic Countries Data Center Cooling Market Outlook Share, 2023 & 2030 (US$M)
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