Belgium Data Center Market Set to Reach $3.1 Billion by 2030 with 9.18% CAGR, Led by Cloud Computing Demand

The Belgium data center market was valued at $1.83 billion in 2024 and is projected to reach $3.10 billion by 2030, with a CAGR of 9.18%. The demand for cloud computing in Belgium is growing, driven by government initiatives, cybersecurity threats, and digitalization in various sectors. Key investors include Datacenter United, Digital Realty, EdgeConneX, and Google. The market has the presence of global support infrastructure providers and local construction contractors. Belgium aims to achieve carbon neutrality by 2050 and is investing in renewable energy sources.

The Belgium data center market, valued at $1.83 billion in 2024, is projected to reach $3.10 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.18% [1]. This robust growth is driven by the increasing demand for cloud computing, fueled by government initiatives, rising cybersecurity threats, and the widespread adoption of digitalization across various sectors. For instance, Euroclear, a Belgian financial services company, signed a seven-year cloud agreement with Microsoft in January 2025 to utilize its cloud services for financial operations [1].

Key investors in the Belgium data center market include Datacenter United, Digital Realty, EdgeConneX, Google, and LCL Data Centers. The market also features several global support infrastructure providers such as 3M, ABB, Carrier, Daikin Applied, and Schneider Electric, as well as local construction contractors like AECOM, Artelia, and Mercury [1]. The presence of these players enhances the market's competitiveness and ensures the availability of high-quality infrastructure.

Belgium is committed to achieving carbon neutrality by 2050 and is investing heavily in renewable energy sources. In 2024, Belgium produced around 30% of its electricity from green energy sources. To further this goal, the European Investment Bank (EIB) signed a green credit facility agreement with Elia Transmission Belgium (ETB) for around $700 million to build an artificial energy island that will connect Belgium to around 3.5 GW of offshore wind power energy [1].

The Belgium data center market is also supported by the European Commission's Joint Research Centre (JRC), which has developed the EU Code of Conduct (CoC) for data centers to address environmental concerns and promote sustainability [1]. This initiative aims to reduce the environmental impact of data centers and promote energy-efficient practices.

In conclusion, the Belgium data center market is poised for significant growth, driven by increasing demand for cloud computing, government initiatives, and investments in renewable energy. The presence of key investors and infrastructure providers, along with the country's commitment to sustainability, positions Belgium as a promising market for data center investments.

References:
[1] https://www.globenewswire.com/news-release/2025/05/08/3076954/28124/en/Belgium-Data-Center-Market-Report-2025-2030-3-1-Billion-Investment-Opportunities-in-IT-Electrical-Mechanical-Infrastructure-General-Construction-and-Tier-Standards.html