Fuel Cell For Data Center Market 2021 Trends, Share, Size, Growth, Opportunity and Forecast to 2028

Fuel Cell For Data Center Market 2021-2028

New Study Reports " Fuel Cell For Data Center Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2028" has been Added on PersistenceMarketResearch.

Report Details:

PMR presents an in-depth analysis and presents key insights on the global fuel cell for data centre market in its latest market study titled ‘Fuel Cell for Data Centre Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028’. The long-term outlook on the global fuel cell for data centre market remains optimistic with the market being valued at over US$ 66 Mn at the end of 2018. The market is anticipated to be valued at over US$ 278 Mn at the end of 2028.

The fuel cell for data centre market is categorised on the basis of power, product type and end use, studied across regions. By power, the >1000 kW fuel cell for data centre segment is likely to create lucrative opportunities in the market. Regionally, North America dominates the market for fuel cells for data centres and is expected to amass nearly half of the market size over the studied period. The region accounts for a significant share in terms of installed base for fuel cell for data centre market and is anticipated to witness 13.9% growth between 2018 and 2028.

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Key Players:

The report has profiled some of the Important players prevalent in the global like – Bloom Energy, Doosan Fuel Cell America, Inc., FuelCell Energy, Inc., Altergy, Logan Energy, AFC Energy, Toshiba Fuel Cell Power Systems Corporation, Plug Power, Panasonic Corporation, Hydrogenics and Ballard Power Systems. and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Fuel Cell For Data Center.

Shifting Trend from Conventional to Renewable Energy Sources Positions Fuel Cells in the Limelight to Power Data Centres

PMR suggests that the global market for fuel cell for data centres is estimated to register healthy growth throughout the forecast period. This can mainly be attributed to the fact that data centres consume around 2%-3% of the global electricity, which results in increased carbon footprint. Responding to high energy costs and growing environmental concerns, data centre holding companies are looking for alternatives to renewable sources of energy.

Market players are now focusing on fuel cells as an alternative source of energy since they require lesser space compared to wind and solar farms and higher efficiency than its counterparts, among other characteristics. Another factor having a positive impact on the fuel cell for data centre market is the trend of digitization. The digital revolution has penetrated every sector and industry and has staggered the data generated and exponentially increased the need for processing, storage & management of data, thereby positively impacting the fuel cell for data centre marketplace. To provide cyber security, new age data centres are opting to locally generate electricity, which is further fuelling the prevalence of off-site data centres, propelling the market for fuel cell for data centres.

Though the high initial cost is a hindrance to market growth, large scale production and wide adoption of fuel cells for data centres will lead to lowered prices. Keeping aside the merits of fuel cells, these have certain shortcomings when employed in data centre facilities. The sluggish response of fuel cells to changing power load may prove to be a challenge for the fuel cell for data centre manufacturers.

Global Fuel Cell for Data Centre Market Segmentation Analysis

The fuel cell for data centre market has been classified in terms of product type into PEM Fuel Cell for Data Centre, Solid Oxide Fuel Cell for Data Centre, Molten Carbon Fuel Cell for Data Centre and Phosphoric Acid Fuel Cell for Data Centre.      

Among product types, the PEM Fuel Cell for Data Centre segment is estimate to remain at the forefront of the fuel cell for data centre market in value-volume terms and is anticipated to create lucrative opportunities over the forecast period
The Molten Carbon Fuel Cell for Data Centre segment is projected to grow at a healthy growth rate. Its market valuation is expected to expand by nearly 4.3X between 2018 and 2028

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Fuel Cell For Data Center Market Manufacturers 
Fuel Cell For Data Center Market Distributors/Traders/Wholesalers 
Fuel Cell For Data Center Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Major Highlights of the Fuel Cell For Data Center Market Report:

The Fuel Cell For Data Center Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Fuel Cell For Data Center Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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