Market Report
Report Summary Europe’s datacenter market is set for strong growth through 2030, driven by AI adoption, cloud expansion, and energy transition. This report highlights investment potential, emerging hubs, power demand, and value-chain opportunities.
Europe Datacenter Market Outlook : A Strategic Perspective To 2030
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The European datacentre market was valued at approximately US$47 Billion in 2024 and is forecast to expand to nearly US$97 Billion by 2030, reflecting its central role in enabling Europe’s digital and AI-led growth agenda. The International Monetary Fund estimates that the accelerating adoption of artificial intelligence could lift global GDP growth by an additional 0.5 percentage points annually between 2025 and 2030, contingent upon the timely and large-scale deployment of datacentre infrastructure.
Across major European economies, datacentres have already emerged as a material driver of investment, economic output, and productivity. In the Netherlands, the datacentre and cloud ecosystem accounts for nearly 20% of total foreign direct investment, making it the single largest contributor to FDI inflows. In Germany, datacentres generated an estimated US$ 12.16 billion in direct and indirect GDP contribution in 2024, a figure projected to more than double to approximately US $ 27 Billion by 2029.
Comparable trends are evident in the Nordics, where Norway’s datacentre sector contributed an estimated US $ 281 Million to the economy in 2023, delivering higher economic value per unit of electricity consumed than traditional power-intensive industries such as chemicals manufacturing.
In the UK, the government estimates that accelerated AI adoption could improve national productivity by 1.5 percentage points annually, translating into incremental economic value of approximately US$ 64.3 Billion per year over the next decade. Similarly, the Irish government has underscored the “indispensable” role of datacentres in sustaining national economic competitiveness and societal advancement. - USPs
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Report FAQs
What is the growth outlook for Europe’s datacenter market by 2030?
Europe’s datacenter market is expected to grow from around US$47 billion in 2024 to nearly US$97 billion by 2030, driven by AI adoption, cloud expansion, and enterprise digital transformation across major EU economies.
Which regions are emerging as high-ROI datacenter hubs in Europe?
Beyond traditional FLAP-D markets (Frankfurt, London, Amsterdam, Paris, Dublin), Nordic countries and Southern Europe are emerging as high-ROI hubs due to lower power costs, renewable energy availability, and better land access.
How is artificial intelligence impacting datacenter demand in Europe?
AI workloads are significantly increasing datacenter capacity, power demand, and cooling requirements. High-density racks, advanced cooling solutions, and flexible power infrastructure are becoming critical to support AI-driven growth.
What opportunities does Europe’s datacenter growth create for power utilities and grid operators?
Datacenter expansion opens major opportunities for grid upgrades, renewable integration, BESS deployment, microgrids, and demand-response services, enabling utilities to unlock long-term, high-margin revenue streams.
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