Market Overview
The data center market comprises the physical facilities, IT infrastructure, electrical systems, and mechanical cooling systems required to house and operate enterprise and cloud computing equipment. Globally, the market is valued at approximately $289.344 billion in 2026, growing from the prior year at a compound annual growth rate of 9.6%, with some projections placing the market at $418 billion by 2030. The Oslo data center market specifically is forecast to grow from 165.39 MW of deployed capacity in 2025 to 185.34 MW in 2026, with a longer-term trajectory reaching 327.61 MW by 2031.
- •Global market valued at ~$289.3 billion in 2026, up year-over-year with a 9.6% CAGR
- •Oslo market growing from 165 MW (2025) to 327 MW (2031), with revenue climbing to $4.5 billion by 2035
- •Market includes IT infrastructure, electrical infrastructure, and mechanical/cooling infrastructure components
Growth Drivers
Artificial intelligence workloads are the single largest catalyst for market expansion, with AI-driven demand projected to increase data center power consumption by 165% by 2030 compared to baseline trajectories. Global investment in data center facilities has nearly doubled as cloud service providers, enterprises, and hyperscale operators race to secure capacity. The proliferation of generative AI services, large language model training, and inference workloads has created a structural shift in power density requirements, with newer facilities being designed for substantially higher wattage per rack than traditional deployments.
- •AI workloads projected to drive a 165% increase in data center power demand by 2030
- •Global data center investment has nearly doubled, reflecting surging demand from cloud and AI operators
- •Rising power density requirements for AI training and inference are driving facility redesign and new construction
Segmentation and Regional Analysis
The market is segmented along capacity tiers, with hyperscale facilities, those exceeding 100 MW, representing a particularly high-growth segment alongside mid-tier facilities of 50-100 MW and smaller colocation-scale sites of 10-50 MW. Infrastructure is further divided into IT components (servers, storage, and networking gear), electrical infrastructure (power distribution units and uninterruptible power supply systems), and mechanical infrastructure (cooling and HVAC systems). Europe remains a significant regional market, with Oslo serving as a notable Nordic hub benefiting from access to renewable energy and cooler climates favorable for natural and efficient cooling strategies.
- •Hyperscale segment categorized by power capacity: 10-50 MW, 50-100 MW, and above 101 MW
- •Infrastructure split into IT (servers, storage, networking), electrical (PDUs, UPS), and mechanical (cooling) layers
- •Nordic markets like Oslo benefit from renewable energy access and favorable climates for efficient facility cooling
Competitive Landscape
Who are the notable companies in the industry?
## Competitive Landscape The Oslo data center market is anchored by a mix of large integrated operators and infrastructure-focused specialists, with facility ownership and renewable power sourcing forming the core competitive battleground. Among the leading operators, **Stack Infrastructure** runs a global hyperscale-focused platform whose local presence extends through **DigiPlex (Stack EMEA)**, giving the group a broad Nordic footprint. **Bulk Infrastructure** is positioned as a vertically integrated provider combining real estate, fiber networks, and large-scale facilities, while **Green Mountain** differentiates through entirely renewable-powered, high-security sites repurposed from legacy industrial assets. **Lefdal Mine Datacenter** occupies a distinctive niche as an underground colocation facility built inside a former mine, leveraging natural cooling. **AQ Compute** and **atNorth** round out the Nordic specialist cohort, operating modular and high-density campuses tailored to AI and cloud workloads. **Orange Business Services**, via its **Basefarm** subsidiary, extends the field into managed hosting and enterprise-grade cloud services, reinforcing Oslo's role as a digitally connected gateway between mainland Europe, the Arctic, and North America.
- •Competitive set includes integrated operators controlling real estate and infrastructure alongside specialty producers focused on modular components and power solutions
- •Hyperscale providers are increasingly vertically integrated, designing and building proprietary facilities to reduce dependency on third-party colocation
- •Capacity concentration is highest in regions with reliable power grids, low-carbon energy access, and proximity to network backbone infrastructure
Trends and Outlook
What are the recent trends and outlook?
The market is positioned for sustained expansion through 2030, with the support infrastructure segment projected to see robust growth as operators retrofit and expand facilities to accommodate higher power densities. The integration of advanced liquid cooling technologies, AI-optimized power architectures, and renewable energy procurement agreements are emerging as differentiators in facility design. Long-term demand signals remain strong as enterprise AI adoption deepens and organizations move workloads from on-premise environments to cloud-based and hybrid architectures that rely on purpose-built data center infrastructure.
- •Support infrastructure market forecasted to grow steadily through 2030 amid facility expansion and retrofitting
- •Liquid cooling, AI-optimized power architectures, and renewable PPAs are emerging as key facility design trends
- •Enterprise migration to cloud and hybrid architectures underpins sustained structural demand for data center capacity
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Connect to an analyst →Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2026 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.