Fuel Cell for Data Center Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Fuel Cell for Data Center Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Fuel Cell for Data Center presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Fuel Cell for Data Center Market Research Report & Market Summary:

The Global Fuel Cell for Data Center Market size was valued at around USD 175 million in 2024 and is projected to reach USD 400 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30. The growth in the market is attributed to the rising awareness and growing emphasis on sustainability practices and lower greenhouse gas emissions globally. This is mainly due to the data center consuming massive electricity due to their prolonged uptime which leads to increasing levels of greenhouse emissions from the data centers. Moreover, these data centers rise in number due to the requirement of greater computing power and storage spaces. This development is primarily attributed to the increasing adoption of artificial intelligence and the rising global migration towards the cloud. The development of these scenarios highlights the worldwide demand for fuel cells as cleaner, emission-free sources of electricity for data centers.

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Fuel Cell for Data Center Market Dynamics:

Key Driver-

Increasing Focus on Sustainability & Emission Targets – The demand for the use of fuel cells in the data center is primarily driven by the global need to achieve sustainability goals and emission targets. This is because the data centers consume a significant amount of global electricity. The International Energy Agency (IEA) highlighted that around 1.5% of global electricity usage goes to data centers. The increase in electricity consumption is driven by the escalating adoption of artificial intelligence worldwide. Goldman Sachs expects that the rise in artificial intelligence's adoption will raise the power demand by 160% by 2030. This is mainly due to AI using more computing power. For example, a ChatGPT query requires around 2.9 Wh of electricity compared to just 0.9 Wh on a Google search. The increasing electricity consumption would result in an increase in global emissions by data centers.

IEA estimated that the data centers are responsible for about 1% of the worldwide greenhouse gas emissions related to energy, in 2020. The increase in data centers in the rapidly digitalizing world would further increase the emission of data centers. The unfolding of these scenarios coupled with the countries' policies regarding adopting sustainable practices to curb emissions would push the demand for fuel cells in the data centers.

Fuel Cell for Data Center Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Fuel Cell Type

Proton Exchange Membrane Fuel Cells (PEMFC) – Market Size & Forecast 2020-2030, KW
Solid Oxide Fuel Cells (SOFC) – Market Size & Forecast 2020-2030, KW
Molten Carbonate Fuel Cells (MCFC) – Market Size & Forecast 2020-2030, KW
Phosphoric Acid Fuel Cells (PAFC) – Market Size & Forecast 2020-2030, KW
Others (Alkaline Fuel Cells, Direct Methanol Fuel Cells, etc.) – Market Size & Forecast 2020-2030, KW

The Proton Exchange Membrane Fuel Cells (PEMFC) hold more than 40% share in the Fuel Cell for Data Center Marker Worldwide.

By Power

Low Power (Less than 100 KW) – Market Size & Forecast 2020-2030, KW
Medium Power (Between 100 – 1,000 KW) – Market Size & Forecast 2020-2030, KW
High Power (Greater than 1,000 KW) – Market Size & Forecast 2020-2030, KW

By Application

Primary Power Source – Market Size & Forecast 2020-2030, KW – Market Size & Forecast 2020-2030, KW
Backup Power Source – Market Size & Forecast 2020-2030, KW – Market Size & Forecast 2020-2030, KW
Combined Heat and Power (CHP) Systems – Market Size & Forecast 2020-2030, KW
Grid Stabilization – Market Size & Forecast 2020-2030, KW

By Data Center Type

Telecommunications – Market Size & Forecast 2020-2030, KW
Internal Service Provider (ISPs) – Market Size & Forecast 2020-2030, KW
Colocation Server Hosting Facilities (CoLo) – Market Size & Forecast 2020-2030, KW
Server Farms – Market Size & Forecast 2020-2030, KW
Corporate Data Centers – Market Size & Forecast 2020-2030, KW
University/National Laboratory – Market Size & Forecast 2020-2030, KW
Others – Market Size & Forecast 2020-2030, KW

By End Users

IT and Telecommunication – Market Size & Forecast 2020-2030, KW
Government – Market Size & Forecast 2020-2030, KW
Healthcare – Market Size & Forecast 2020-2030, KW
Others – Market Size & Forecast 2020-2030, KW

The IT and Telecommunication sector holds the largest market share of more than 60% in the Global Fuel Cell for Data Center Market.

By Region

North America
South America
Europe
The Middle East and Africa
Asia-Pacific.

North America dominates the market with a share of more than 50% in the Fuel Cell for Data Center Industry in 2024. This is primarily due to the region having more than 50% of the global data center capacity added by major technology companies originating from the region.

As indicated in the latest market research report published by Markntel Advisors, “Fuel Cell for Data Center Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Fuel Cell for Data Center industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/fuel-cell-data-center-market.html

Top Companies Operating in the Fuel Cell for Data Center Market:

Hitachi Energy
Bosch Hydrogen Energy
PowerCell Group
ESB Group
Panasonic
AFC Energy
Bloom Energy
FuelCell Energy, Inc.
Ballard Power Systems
Plug Power Inc.
Doosan Fuel Cell
Ceres Power
Rolls-Royce plc
ECL
Nedstack Fuel Cell Technology

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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