Norway Data Center Power Market

Norway Data Center Power Market Analysis

The Norway Data Center Power Market size is estimated at USD 278.89 million in 2025, and is expected to reach USD 427.15 million by 2030, at a CAGR of 8.9% during the forecast period (2025-2030).

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 data center market in Norway is expected to reach 320 MW by 2029.
• Under construction raised floor space: The country's construction of raised floor area is expected to increase by more than 1.5 million sq. ft by 2029.
• Planned racks: The country's total number of racks to be installed is expected to reach 81,000 units by 2029. Oslo will likely house the maximum number of racks by 2029.
• Planned submarine cables: There are close to 15 submarine cable systems connecting Norway, and many are under construction.

An increasing need for data storage has resulted in an upsurge in the number of data centers, and the rising usage of data centers has increased electricity consumption in the country. Norway has made clear progress in increasing competition in electricity and natural gas markets. It has reduced the use of fossil fuels and increased the share of renewable energy. The country’s economy is also becoming less energy-intensive. Moreover, to further reduce energy consumption, key market players are focusing on introducing efficient power management systems such as PDUs, busways, and UPS for the purpose of controlling unnecessary expenditures in data centers, which is expected to drive the market’s growth.

Norway Data Center Power Market Trends

IT & Telecommunication Segment to Hold Major Share in the Market

• The increased adoption of cloud computing services in the country has increased the number of IT infrastructure components. Many technology companies have launched cloud services to support the digital transformation efforts of many enterprises. Moreover, the increased adoption of e-commerce services has facilitated digitization. These instances are increasing the demand for the data center power market.
• The market is achieving new records due to the increasing penetration of connected devices, including consolidation and the emergence of new players.
• The number of servers in data centers is likely to increase due to the growing demand for digital services and the changing adoption of end users, primarily focused on digital connectivity, which requires more data storage. Typically, this situation corresponds to increased demand for data centers. More data centers necessitate the increasing use of systems for power facilitation.
• The number of 5G-enabled smartphones in Norway may create more data-generating points and demand for data centers to provide the required processing platform for smartphone-centric software and online storage options in Norway.
• As COVID-19 highlighted the benefits of ‘work from home’ for employees, the regulatory support to ease employment and regulate it under the law may encourage more employees to opt for the working option, which may further contribute to more data consumption through smartphones.

PDUs Expected to Hold Significant Share in the Market

• The growing focus on digitization, internet penetration, and e-commerce across the country has created a need for storage capacity, resulting in huge demand for data centers and increased power consumption. The growing need for data storage is leading to the adoption of intelligent power distribution units (PDUs) to optimize power consumption in data centers rather than simple multi-socket rack installations and servers and networking devices.
• PDUs are essential components of data center and server room infrastructure, allowing real-time monitoring of power consumption, voltage, current, and other electrical parameters. This data allows administrators to make informed decisions about power allocation and capacity planning.
• By tracking power consumption trends, managers can plan for future growth and avoid exceeding power capacity, preventing overloads that can lead to equipment failure. It also helps identify inefficiencies and optimize energy consumption. This eliminates unnecessary power consumption, lowers costs, and reduces your environmental footprint. Additionally, administrators can access and control it remotely, reducing the need for physical presence and minimizing disruption to operations.
• Industrial end users are gravitating toward cloud platforms such as Microsoft Azure, Google Cloud, and AWS. Growth trends indicate rapid adoption of cloud-based applications by end users. This opens the opportunity for intelligent and compact PDUs that can meet the increasing power requirements to operate such platforms.
• With the growth of mega data centers in the country, the need for PDUs is also increasing. Faster internet speeds and the associated proliferation of accessible devices play an important role in determining and estimating national data consumption. The number of 5G mobile connections has increased significantly, which means that the penetration rate of 5G mobile in the country is high. Increased data traffic will further increase the demand for DC facilities with intelligent PDU systems.

Norway Data Center Power Industry Overview

The data center power market in Norway is moderately concentrated due to higher initial investments and low availability of resources. It is dominated by a few major players like Schneider Electric SE, Fujitsu Ltd, Cisco Technology Inc., Eaton Corporation, and ABB Ltd. These major players, with a prominent market share, focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies have increased their market presence by securing new contracts and tapping new markets. For instance,

• April 2024: Vertiv, a significant provider of critical digital infrastructure and continuity solutions, introduced the extension of the Vertiv Liebert GXT5 Lithium-Ion double-conversion, online uninterruptible power supply (UPS) system for 5 kVA-10 kVA Global Voltage (GV) (200 V-240 V; Default 230 V) applications.
• January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators.

Norway Data Center Power Market Leaders

Norway Data Center Power Market News

• December 2023: Eaton Corporation announced the launch of its new Rack PDU G4 (4th generation) that provides a high security and business continuity data center. It also combines with C39 outlets that securely connect both C14 and C20 power cords, backed by a locking mechanism and a built-in high retention system that secures the power cord.
• November 2023: ABB Ltd announced the launch of Protecta Power panel board, designed for industrial, commercial, and institutional buildings. It is integrated with digital monitoring and control technology while enhancing durability and safety.