Iceland Data Center Market to Witness Investment of USD 543 Million by 2028, Get Insights on 07 Existing Data Centers and 1 Upcoming Facility across Iceland – Arizton

Iceland Data Center Market to Witness Investment of USD 543 Million by 2028, Get Insights on 07 Existing Data Centers and 1 Upcoming Facility across Iceland - Arizton
Iceland Data Center Market Research by Arizton
The Iceland data center market is driven by renewable energy adoption, cloud-based services, 5G deployment, and growing submarine cable connectivity.

According to Arizton’s latest research report, the Iceland data center market will grow at a CAGR of 12.63% from 2022 to 2028.  

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Data center investments in Iceland over the next 2-3 years expect to be aggressive and high due to investments from local operators. The market is attracting hyperscale operators to open their cloud regions due to the abundant availability of renewable energy sources and free air cooling. 

Reykjavik is the data center hub in Iceland, hosting most of the data centers in the country. Other cities, such as Keflavik, are also likely to attract investments due to low land costs and high land space available for facility development. 

Key Highlights  

  • Iceland is the strategic location for the development of data center facilities because it has abundant availability of renewable energy sources, tax exemptions, and availability of labor. 
  • In 2022, Iceland witnessed the investment from Verne Global and atNorth in two data center facilities, which opened and were under construction. 
  • Iceland has the presence of five submarine cables – CANTAT-3, DANICE, FARICE-1, Greenland Connect, and IRIS, which will connect Iceland with Germany, Denmark, the UK, the Faroe Islands, and others.  
  • Reykjavik is the primary data center hub, with most existing third-party data centers. Other cities such as Keflavik, Akureyri, and Blönduós are the emerging data center locations. 

Investment Opportunities 

  • atNorth, Borealis Data Center, and Verne Global are major colocation data center operators, operating around seven data center facilities across the country.  
  • In June 2023, atNorth announced the launch of their data center facility ICE03, located in Akureyri in the north of Iceland. The facility is said to have an initial capacity of 12 MW. 
  • In September 2022, Borealis Data Center, an Icelandic data center firm, acquired a facility outside Reykjavik at Korputorgi from Islandsbanki. 
  • In 2022, Borealis Data Center announced the launch of a new HPC building at the Blönduós site by increasing the capacity at the site by 12 MW. 

Why Should You Buy This Research? 

  • Market size available in the investment, area, power capacity, and Iceland colocation market revenue. 
  • An assessment of the data center investment in Iceland by colocation, hyperscale, and enterprise operators. 
  • Investments in the area (square feet) and power capacity (MW) across cities in the country. 
  • A detailed study of the existing Iceland data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period. 
  • Snapshot of existing and upcoming third-party data center facilities in Iceland 
  • Facilities Covered (Existing): 07 
  • Facilities Identified (Upcoming): 01 
  • Coverage: 2 Cities 
  • Existing vs. Upcoming (Area) 
  • Existing vs. Upcoming (IT Load Capacity) 
  • Data Center Colocation Market in Iceland 
  • Market Revenue & Forecast (2022-2028) 
  • Retail Colocation Pricing 
  • The Iceland data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. 
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry. 
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry. 
  • A transparent research methodology and the analysis of the demand and supply aspects of the industry. 

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Post-Purchase Benefit               

  • 1hr of free analyst discussion              
  • 10% of customization  

About the Report: 

This report analyses the Iceland data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes: 

The Report Includes the Investment in the Following Areas: 

  • IT Infrastructure 
  • Servers 
  • Storage Systems 
  • Network Infrastructure 
  • Electrical Infrastructure 
  • UPS Systems 
  • Generators 
  • Switches & Switchgear 
  • PDUs 
  • Other Electrical Infrastructure 
  • Mechanical Infrastructure 
  • Cooling Systems 
  • Racks 
  • Other Mechanical Infrastructure 
  • Cooling Systems 
  • CRAC and CRAH Units 
  • Chillers Units 
  • Cooling Towers, Condensers, and Dry Coolers 
  • Other Cooling Units 
  • General Construction 
  • Core & Shell Development 
  • Installation & Commissioning Services 
  • Engineering & Building Design 
  • Fire Detection & Suppression 
  • Physical Security 
  • DCIM 
  • Tier Standard 
  • Tier I & Tier II 
  • Tier III 
  • Tier IV 

Vendor Landscape 

IT Infrastructure Providers 

  • Broadcom 
  • Cisco Systems 
  • Dell Technologies 
  • Hewlett Packard Enterprise 
  • Huawei Technologies 
  • Hitachi Vantara 
  • IBM 
  • Lenovo 
  • NetApp 

Data Center Construction Contractors & Sub-Contractors 

  • Mannvit 

Support Infrastructure Providers 

  • Alfa Laval 
  • Carrier 
  • Eaton 
  • Legrand 
  • Schneider Electric 
  • Socomec 
  • Stulz 
  • Vertiv 

Data Center Investors 

  • Borealis Data Center 
  • atnorth 
  • Verne Global 

Key Questions Answered in the Report: 

What will be the market size of the Iceland data center market? 

How many data centers are there in Iceland? 

What is the growth rate of the Iceland data center market? 

What are the driving factors in the Iceland data center market? 

Who are the key investors in the Iceland data center market in 2022? 

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