Global Fuel Cells for Data Center Market valued at US $3.65 Billion in 2022 is anticipated to reach a value of US $23.21 Billion in 2030, growing at a CAGR of 26.0%.
Increased investments in the industry are a result of the growing interest of well-known Silicon Valley companies like Microsoft, Apple, and eBay in the research, development, and commercialization of fuel cells for data centres. This is resulting in a seamless transition away from fossil fuel power plants and increasing reliance on efficient and clean fuel cells for data centre power sources.
Due to a lack of power supply, major end-use sectors for fuel cell for data centres, including telecommunications, Internet service providers (ISP), corporate data centres, and server farms, rely on fuel cell for data centres as both a primary and secondary power source. Aside from that, rising output is resulting in decreased production costs, which is anticipated to further increase the Fuel cell demand for data centres in the following year
Enterprises are urged to use co-location facilities rather than internal data centres due to the complexity of data centre operations, including network infrastructure and energy consumption. This will stimulate the expansion of the collocated data center's commercial sector, which will in turn boost the market for fuel cells for data centres.
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Market Dynamics for Fuel Cells in Data Centers:
Customers are drawn in by lower fuel and energy costs, fewer carbon emissions, and improvements in energy efficiency and dependability. The market for fuel cells is anticipated to rise in the near future as a result of a significant tax reduction on fuel cell adoption for corporate data centres, tempting the corporate culture to transition to fuel cell technology for powering data centres.
During the forecast period, technological developments in fuel cell usage, specifically for data centres, are anticipated to drive the market. For instance, Microsoft Corporation is creating small fuel cells for IT server racks to replace the high energy-consuming power electronics required by centralised systems.
However, low capital organisations are hesitant to use fuel cells, mainly because they are becoming more and more dependent on fuel as a source of energy.
Since fuel cells have a lengthy return period for their capital investments, the majority of businesses running sizable data centres opt to lease or buy them rather than own them.
Key Trends of Global Fuel Cells for Data Center
Stringent carbon emission norms across the globe
With political leaders across the global coming together to reduce their country’s carbon footprint and signing of Paris agreement has given a boost to green and renewable technologies to set themselves in markets. Fuel cells being a non-emission solution for power generation fits the category green and renewable technologies and is growing owing to the carbon emission norms.
Segmental Analysis of Global Fuel Cells for Data Center:
Based on Type
• PEMFC
• SOFC
• PAFC
• MFC
• AFC
• DMFC
Based on Application
• Portable
• Stationary
• Fuel Cell Vehicles
Based on End-user
• Commercial and Industrial
• Data Centers
• Transportation
• Military and Defence
• Residential
• Utilities and Government or Municipal Institute
Commercial Industrial end user segment to grow at the fastest pace in the forecast period. Almost every type of fuel cell can be used by commercial industrial end users which enables them to curb GHG emissions.
Based on Size
• Small Scale
• Large Scale
Small scale (up to 200 kW) segment held the majority of market share by fuel cell size in global fuel cell market.
Competitive Landscape:
Bloom Energy, Doosan Fuel Cell Co., Ltd., Aisin Corporation, Plug Power Inc., KYOCERA Corporation, Ceres, Cummins Inc., PowerCell Sweden, TOSHIBA CORPORAT, Ballard Power Systems, SFC Energy AG.
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Frequently Asked Questions
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