Global Fuel Cell for Data Center Market is Expected to Encounter Significant Growth by 2026 – PMR

Fuel Cell for Data Center Market
Some of the major players identified across the global Fuel Cell for Data Center Market includes FuelCell Energy, Inc., Doosan Fuel Cell America, Inc., Bloom Energy pvt. Ltd., Logan Energy, AFC Energy, Ballard, Toshiba Fuel Cell Power Systems Corporation, Plug Power, Panasonic and Hydrogenics.

As more companies look for reliable, resilient technologies to provide constant power as well as reduce its carbon footprint, distributed generation (DG) and renewable energy are gaining focus of the corporate culture. One of such prime technology as a renewable source of energy is a fuel cell. A fuel cell generates electricity using an electrochemical reaction, not combustion and depending on the fuel source, produces near to zero polluting emissions. Utilization of fuel cell allows onsite power generation thereby reducing reliance on traditional grid system and using grid electricity in case of absence of fuel. Fuel cells have emerged as the most viable alternative to solar, wind or grid-powered electricity due to low-cost financing, government subsidies, and the companies desire to reduce their carbon footprint and energy costs.    

Reduction in fuel and energy cost coupled with low carbon emissions and increased energy efficiency & reliability are primarily gaining customer attraction. Significant tax reduction on fuel cell adoption for corporate data centers, thus luring the corporate culture to switch to fuel cell technology for powering data centers is primarily expected to increase the demand for a fuel cell in near future. Technological advancements in fuel cell usage specifically for data centers is expected the drive the market during the forecast period. For instance, Microsoft Corporation is developing mini fuel cells for IT server racks thereby reducing the need for power electronics from central systems which result in high energy consumption. However, low capital organization is reluctant to employ fuel cell primarily due to increasing reliance on fuel as a source of power.

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The majority of the companies operating huge data centers are signing long term lease contract or purchase agreements instead of owning them as fuel cells have a long term payback period for their capital investments.   

The global Fuel Cell for Data Center Market can be segmented on the basis of product type, data center types, facility size, and region. Based on product type global fuel cell market for data center can be segmented into hydrogen, solid oxide, molten carbonate and phosphoric acid, By Data center type the market can be segmented into Telecoms, ISP’s (internet Service Provider), CoLos (Co-located server hosting facilities), server farms, corporate data centers, university/ national laboratory and others. Based on facility the market can be segmented into less than 200 sq.ft, 200-700 sq.ft, 700-1,200 sq.ft, 1,200-6,000 sq.ft and more than 6,000 sq.ft.

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Global Fuel Cell for Data Center Market is expected to encounter significant growth during the forecast period. North America dominates the fuel cell market for data center, followed by North America, Europe is the next major market for the fuel cell market for the data center. Asia Pacific is emerging market for the Fuel cell system and is anticipated to represent substantial growth during the forecast period, particularly in regions such as China and India. Japan is another significant region and expected to contribute a major share in the global fuel cell market for a data center.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, and applications.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain 

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa) 

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