Press release
Fuel Cell for Data Center Market Set to Surge - Key Insights You Must Know
Fuel Cell for Data Center MarketThe global Fuel Cell for Data Center market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.
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Fuel cells for data centers are advanced power generation systems that convert chemical energy from fuels (usually hydrogen) into electricity through electrochemical reactions. They provide reliable, clean, and efficient power solutions, ensuring uninterrupted operations in data centers, which are critical for IT infrastructure and cloud services.
North American market for Fuel Cell for Data Center is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Fuel Cell for Data Center is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Fuel Cell for Data Center include Plug Power, FuelCell Energy, Inc., Ballard Power Systems, Bloom Energy Corporation, Toshiba Fuel Cell Power Systems Corporation, Panasonic, Doosan Fuel Cell America, Inc., Altergy, Hydrogenics (part of Cummins Inc.), AFC Energy, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Hydrogen
• Solid Oxide
• Molten Carbonate
• Phosphoric Acid
By Application
• Information Technology (IT) and Cloud Services
• Telecommunications
• Finance and Banking
• Healthcare
• Energy
Key Companies
Plug Power, FuelCell Energy, Inc., Ballard Power Systems, Bloom Energy Corporation, Toshiba Fuel Cell Power Systems Corporation, Panasonic, Doosan Fuel Cell America, Inc., Altergy, Hydrogenics (part of Cummins Inc.), AFC Energy, Logan Energy, ESB Group
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