Fuel Cell for Data Center Market SWOT Analysis By Key Players Forecast to 2028

Fuel Cell for Data Center Market 2022

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. 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'.

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Fuel cells are starting to make their way into data centers as a more efficient and environmentally-friendly way to provide power. Fuel cells work by converting hydrogen and oxygen into water and electricity, which makes them a much cleaner alternative to traditional power sources. They also produce less heat, making them an ideal choice for use in data centers.

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.

Key Companies- 

• FuelCell Energy, Inc.
• Altergy
• Bloom Energy pvt. Ltd.
• Logan Energy
• AFC Energy
• Toshiba Fuel Cell Power Systems Corporation
• Plug Power
• Panasonic
• Hydrogenics
• Ballard

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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

Global Fuel Cell for Data Centre Market Regional Forecast

Regionally, North America accounts for a prominent portion of the global fuel cell for data centre market. Europe is the only other region with double digit market share. Accounting for a significant revenue proportion in the global fuel cell for data centre market, East Asia is anticipated to register noteworthy CAGR during the forecast period.

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.

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Key Questions Answered in Fuel Cell for Data Centre Market Report -

• Who are the Major Manufacturers and Suppliers of Fuel Cell for Data Centre?
• What will the Fuel Cell for Data Centre Market growth rate in Future?
• What are the key factors driving the global Fuel Cell for Data Centre Market?
• Who are the key manufacturers in Fuel Cell for Data Centre Market space?
• What are the opportunities and threats faced by the vendors in the global Fuel Cell for Data Centre industry?
• What are sales, revenue, and price analysis by regions of Fuel Cell for Data Centre industry?

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