Renewable energy sources to empower Greek data center. Market to reach $1.3 billion by 2027 – Arizton

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The data center market size in Greece was valued at $913 million and is expected to reach $1.3 billion by 2027.

Chicago, March 23, 2022 (GLOBE NEWSWIRE) — According to the latest research report, the Data center market in Greece is expected to grow at a CAGR of 5.6% over the period 2022-2027. In Greece, the government is currently taking initiatives to develop a national artificial intelligence (AI) strategy. Greece is striving to generate 60% renewable energy by 2030. Large-scale investments are expected to increase over the forecast period and large-scale operators will adopt renewable energy sources to power their facilities in the country.

In October 2020, Telecom Italia Sparkle was the first colocation provider in Greece to power its data centers with renewable energy sources in Koropi, Metamorfosis (Athens) and Chania.

SCOPE OF THE GREECE DATA CENTER MARKET REPORT

REPORT ATTRIBUTES

DETAILS

MARKET SIZE (REVENUES)

$1.3 billion (2027)

MARKET SIZE (AREA)

196 square thousand feet (2027)

MARKET SIZE (ELECTRIC POWER)

40MW (2027)

COLOCATION MARKET SIZE (REVENUES)

280 million (2027)

CAGR (2022-2027)

5.6%

YEAR OF REFERENCE

2021

FORECAST YEAR

2022-2027

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KEY COLOCATION PROVIDERS ENTER THE GREECE MARKET

Major colocation providers are entering the Greek market through acquisitions and mergers of local data center operators. For example, Digital Realty acquired a major data center provider, Lamda Hellix, in 2020. Telecom Italia Sparkle and Digital Realty (Lamda Hellix) are investing in the Greek data center market.

REPORT COVER:

  • Overview of existing and upcoming third-party data center installations in Greece

  • Facilities covered (existing): 10

  • Installations identified (coming soon): 03

  • Coverage: 2 cities

  • Existing vs. Coming Soon (Area)

  • Existing vs. future (IT load capacity)

  • Data center colocation market in Greece

  • Revenue and Market Forecast (2021-2026)

  • Retail colocation pricing

  • Industry investments are categorized into IT, power, cooling and general construction services with sizing and forecasting.

  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints and industry outlook.

  • Overview of the business and product offerings of leading IT infrastructure providers, construction contractors, support infrastructure providers and investors operating in the industry.

  • A transparent research methodology and analysis of the demand and supply aspect of the market.

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IMPORTANT FACTS TO KNOW

  • Greece is a major intercontinental data center, acting as a bridge between Asia, Africa and European countries for data transfer. Athens is the main site for data center development, with 9 existing third-party data centers contributing over 90% of the existing capacity in Greece.

  • Growing demand for cloud, 5G, big data, IoT and digitalization in Greece is driving investment in data centers.

  • As part of the Greece 2.0 vision, the country aims to develop business parks across the country and has planned the development of 9 modern business parks that will attract new investment to the country.

  • Greece is witnessing the entry of major cloud service providers. For example, Microsoft announced plans to develop its first data center in Greece as part of “GR for Growth”, a digital transformation initiative.

  • The supply of renewable energy is increasing in the country. For example, in May 2021, Greece’s Regulatory Authority for Energy (RAE) announced a 350 MW auction for solar photovoltaic (PV) and wind projects. About fifteen companies won solar projects during this auction.

GREECE DATA CENTER MARKET PROVIDERS

IT INFRASTRUCTURE PROVIDERS:

CONSTRUCTION CONTRACTORS AND SUBCONTRACTORS:

  • AECOM

  • LDK Consultants

  • ELLAKTOR GROUP

SUPPORTING INFRASTRUCTURE PROVIDERS

KEY INVESTORS

TARGET AUDIENCE

  • Data Center Real Estate Investment Trusts (REITs)

  • Data Center Construction Contractors

  • Data Center Infrastructure Providers

  • New entrants

  • Consultants/Consultants/Consulting Firms

  • Corporate and government agencies

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