Fuel cell for the data center market

According to Market Statsville Group (MSG), the global data center fuel cell market size is expected to grow from USD 117.46 million in 2021 to USD 429.64 million by 2030, at a CAGR of 15. 6% from 2022 to 2030. As more companies adopt advanced technologies to deliver consistent power and reduce their carbon footprint, renewable energy and distributed generation (DG) are gaining prominence in corporate culture. One such advanced technology as a renewable energy source is the fuel cell. A fuel cell generates electricity using an electrochemical reaction and, depending on the fuel source, produces near zero polluting emissions. The use of fuel cells enables the generation of electricity on site, thus reducing dependence on traditional grid systems and using electricity from the grid in the event of a lack of fuel. Fuel cells have emerged as the most viable alternative to solar, wind, or grid-powered electricity due to low-cost financing, government subsidies, and the company’s desire to reduce its carbon footprint and its energy costs.

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The adoption of fuel cells for enterprise data centers is driving the corporate culture to switch to fuel cell technology to power data centers, which is driving the demand for fuel cells. Technological advancements in the use of fuel cells for data centers are expected to drive the market over the forecast period. For example, Microsoft Corporation is developing mini fuel cells for computer server racks, reducing the need for power electronics in central systems, which leads to high energy consumption. However, low-capital organizations are reluctant to use fuel cells primarily due to the growing reliance on fuel as a power source.

Impact of COVID-19 on the Global Data Center Fuel Cell Market

The COVID-19 pandemic has had a mixed effect on the fuel cell market. In some countries, such as India, project delays have been observed in the deployment of fuel cells in the transport and commercial sectors. For example, the objectives of the national hydrogen energy roadmap could not be achieved in 2020 due to the pandemic. Suppliers faced the same problems as other companies around the world due to disrupted supply chains and the temporary closure of manufacturing facilities. On the other hand, the data center industry can profit from Covid-19. Data centers have enabled digital commerce and online meetings, making digital infrastructure more important. This has given the data center world a sense of accomplishment and enabled digital businesses to operate and grow, resulting in increased fuel cell growth in the data center industry.

Scope of the Global Data Center Fuel Cell Market

The study categorizes the data center fuel cell market based on product, data center, and facility type at regional and global levels.

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Outlook by Product Type (Sales, USD Million, 2017-2030)

Hydrogen fuel cells
Solid oxide fuel cells
Molten carbonate fuel cells
Phosphoric acid fuel cells

By Data Center Type Outlook (Sales, USD Million, 2017-2030)

Telecoms
ISPs (internet service providers)

CoLos (co-located server hosting facilities)

Server farms
Enterprise data centers
University/ National Laboratory
Others

Outlook by Installation Type (Sales, USD Million, 2017-2030)

Less than 200 square feet
200-700 square feet
700-1,200 square feet
1,200 to 6,000 square feet
Over 6,000 sq.ft.

Outlook by Region (Sales, USD Million, 2017-2030)

North America

WE
Canada
Mexico

Europe

Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
the Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
The rest of Europe

Asia Pacific

China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
The Philippines
Singapore
Australia and New Zealand
Rest of Asia-Pacific

South America

Brazil
Argentina
Colombia
Rest of South America

The Middle East and Africa

Saudi Arabia
United Arab Emirates
South Africa
North Africa
Rest of MEA

Telecom segment expected to account for the largest market share by data center type
On the basis of data center type, the global fuel cell for data center market is divided into telecommunications, ISP (internet service provider), CoLos (colocated server hosting facilities), server farms, enterprise data centers, university/national laboratory and others . The telecommunications segment accounted for the largest market share in the global fuel cell data center market, which relies on fuel cell data centers as primary and secondary power sources owing to a power shortage. Apart from that, the increase in production leads to lower production costs, which is expected to further drive the demand for a fuel cell for data centers in the coming year.

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Asia-Pacific accounts for the highest CAGR during the forecast period

By region, the North America market is experiencing the highest market share. In terms of growth opportunities in the data center fuel cell market, Asia-Pacific, with growing ICT spending and increasing focus on renewable energy, is expected to drive strong demand in the data center fuel cell market. fuel cells for data centers. Additionally, emerging markets such as mainland China, India and Indonesia continue to gain momentum. Other large emerging markets in Southeast Asia, such as Vietnam and Thailand, are emerging as high-potential markets with booming local needs, which is driving market growth.

Leading Market Players in Global Data Center Fuel Cells Market

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Fuel Cell for Data Center Market is lightly focused in nature with few global key players operating in the market such as:

Fuel Cell Energy, Inc.
Altergy
Bloom Energy Pvt. ltd.
Logan Energy
AFC Energy
Toshiba Fuel Cell Power Systems Corporation
Plug hole
panasonic
Doosan Fuel Cell America, Inc.
ballard

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Market Statsville Group (MSG) partners with businesses and society to address their critical risks and challenges in order to seize the enormous opportunities before them. MSG began its work in 2017, and since then the brand has evolved to become a pioneer in business consulting and market research services.
We are the leading market research and strategy builder with the depth and breadth of solutions that perfectly meet all your needs. MSG provides solutions across a wide range of industry verticals in market sizing, analytics and incisive business intelligence. MSG’s experienced research analysts are skilled at digging deep and providing a variety of customizable data that helps you make decisions with clarity, confidence, and impact.

This press release was published on openPR.

Ramon J. Espinoza