Iceland Data Center Market Investment Analysis & Growth Opportunities Report 2025-2030: Icelandic Data Centers Achieve World-Class Energy Efficiency with Sub-1.2 PUE Ratios – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Iceland Data Center Market – Investment Analysis & Growth Opportunities 2025-2030” report has been added to ResearchAndMarkets.com’s offering. Iceland’s Data Center Market was valued at USD 425 Million in 2024, and is projected to reach USD 812 Million by 2030, rising at a CAGR of 11.39%. KEY HIGHLIGHTS The Icelandic data center market growth is driven by several factors, including the presence of bitcoin miners, high power reliability, the presence of green energy, suitable climatic conditions, high internet and social media penetration, strong inland and submarine cable connectivity, and a strong regulatory framework. Reykjavik is the data center destination in the country. The city is marked by a concentrated growth in advanced facilities, hyperscale data centers, and dedicated cloud regions. As of January 2025, the industrial price of land in Reykjavik, Iceland, ranged between $4,500-$7,000 per sq m. Furthermore, Akureyri & Northern Iceland region also have a lower entry price than Reykjavik, along with a quality infrastructure. As a European Economic Area (EEA) member, Iceland provides tariff-free access to the EU market, paired with World Trade Organization (WTO) membership, 50+ double tax treaties, and trade agreements. It offers a reduced corporate tax rate as compared to Organisation for Economic Co-operation and Development (OECD) countries, which plays a significant role in attracting investments in the Iceland data center market. According to a report by the Ministry and Statistics Iceland, effective adoption of AI in Iceland could add between USD 1.42 billion and USD 11.83 billion to the economy of Iceland by 2029, depending on how quickly and widely AI is used. Data center operators in Iceland consistently achieve low PUE ratios, between 1.1 and 1.2, far below the global average (1.57), showcasing top-tier energy efficiency. WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment area, power capacity, and the Iceland colocation market revenue. Data center 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 market analysis, and insightful predictions about the Iceland data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in Iceland Facilities Covered (Existing): 08 Facilities Identified (Upcoming): 02 Coverage: 4+ Locations Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in Iceland Colocation Market Revenue & Forecast (2021-2030) The Iceland data center landscape 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. ICELAND DATA CENTER MARKET VENDOR LANDSCAPE In the current landscape of colocation investors, several established companies play a significant role. Notable players in the Icelandic data center market include atNorth, Borealis Data Center, and Verne. atNorth and Borealis, utilize direct-air cooling at their facilities to bring down the temperature of their units. As of 2025, there is no direct presence of major hyperscalers in the Icelandic data center market. However, growing investment, 100% renewable energy, excellent global connectivity, and favorable climate conditions position Iceland as a strong candidate for future hyperscale expansion. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the region (Area and Power Capacity) Reykjavik Other Cities List of Upcoming Facilities in the region (Area and Power Capacity) Reykjavik Other Cities IT Infrastructure Providers Broadcom Cisco Dell Technologies Hewlett-Packard Enterprise Huawei Technologies Hitachi Vantara IBM Lenovo NetApp Data Center Construction Contractors & Sub-Contractors AVH Blikk & Taekni COWI Perago Bygg Rafeyri Raftakn Support Infrastructure Providers Alfa Laval Carrier Eaton Legrand Schneider Electric Socomec STULZ Vertiv Data Center Investors atNorth Borealis Data Center Verne Key Attributes: Report Attribute Details No. of Pages 89 Forecast Period 2024 – 2030 Estimated Market Value (USD) in 2024 $425 Million Forecasted Market Value (USD) by 2030 $812 Million Compound Annual Growth Rate 11.3% Regions Covered Iceland Key Topics Covered: 1. Existing & Upcoming Third-Party Data Centers in Iceland 1.1. Data Center Snapshot 1.2. Data Center Snapshot by Cities 1.3. Existing & Upcoming Data Center Supply in Iceland 1.4. List of Upcoming Data Center Projects in Iceland 2. Investment Opportunities in Iceland 2.1. Microeconomic & Macroeconomic Factors for Iceland Market 2.2. Impact of the Ongoing Tariff War 2.3. Investment Opportunities in Iceland 2.4. Digital Data in Iceland 2.5. Investment by Area 2.6. Investment by Power Capacity 3. Data Center Colocation Market in Iceland 3.1. Colocation Services Market in Iceland 4. Market Dynamics 4.1. Market Enablers 4.2. Market Trends 4.3. Market Restraints 5. Market Segmentation 5.1. IT Infrastructure: Market Size & Forecast 5.2. Electrical Infrastructure: Market Size & Forecast 5.3. Mechanical Infrastructure: Market Size & Forecast 5.4. General Construction: Market Size & Forecast 5.5. Tier Standard Investment 5.5.1. Tier I & II 5.5.2. Tier III 5.5.3. Tier IV 6. Key Market Participants 6.1. IT Infrastructure Providers 6.2. Construction Contractors & Sub-Contractors 6.3. Support Infrastructure Providers 6.4. Data Center Investors 7. Appendix 7.1. Market Derivation 7.2. Data Center Site Selection Criteria 7.3. Quantitative Summary For more information about this report visit https://www.researchandmarkets.com/r/afznjg About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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