The global fuel cell for data centers market size was US$ 118.4 million in 2021. The global fuel cell for data centers market is forecast to grow to US$ 421.1 million by 2030 by growing at a compound annual growth rate (CAGR) of 15.1% during the forecast period from 2022 to 2030.

Fuel cell develops electricity by undergoing an electrochemical reaction which causes zero polluting emissions. Fuel cells generate onsite power, which significantly declines the reliance on traditional grid systems.

Factors Influencing the Market

The global fuel cell for data centers market is forecast to be driven by the increasing number of companies adopting advanced technologies to reduce their carbon footprint. Furthermore, renewable energy and distributed generation (DG) technology is forecast to gain significant traction in the coming years as companies are shifting toward eco-friendly solutions. As a result, it will drive the growth of the global fuel cell for the data centers market.

Technological advancements in fuel cell usage for data centers are forecast to benefit the market. For instance, Microsoft Corporation, one of the prominent industry players, is developing mini fuel cells for IT server racks. The technology will reduce the need for power electronics from central systems. Thus, such advancements will bring lucrative growth opportunities for the market.

COVID-19 Impact Analysis

The COVID-19 pandemic negatively affected the manufacturing of fuel cells in the transportation and commercial sectors, which hampered the growth of the market. For instance, the National Hydrogen Energy Roadmap goals were not possible to achieve due to manufacturing disruptions, import-export restrictions, and a shortage of laborers. Moreover, technology providers also experience a myriad of problems. However, the data center industry has witnessed significant profit during the COVID-19 pandemic due to growing digital infrastructure. Thus, it augmented the growth of the fuel cell industry in the data center sector.

Regional Analysis

Based on Region, fuel cells for data centers witnessed the largest contribution in North America due to growing ICT spending and increasing awareness related to renewable energy. As a result, it is expected to generate high demand in the fuel cell for the data center market during the forecast period. Furthermore, the market is expected to experience significant growth in Asia-Pacific due to the presence of emerging markets such as mainland China, India, and Indonesia.

Competitors in the Market

FuelCell Energy, Inc.
Altergy
Bloom Energy Pvt. Ltd.
Logan Energy
AFC Energy
Toshiba Fuel Cell Power Systems Corporation
Plug Power
Panasonic
Doosan Fuel Cell America, Inc
Ballard
Other Prominent Players
Market Segmentation

The global fuel cell for data centers market segmentation focuses on Product, Data Center, Facility Type, and Region.

By Product Type Outlook

Hydrogen Fuel Cells
Solid Oxide Fuel Cells
Molten Carbonate Fuel Cells
Phosphoric Acid Fuel Cells
By Data Center Type Outlook

Telecoms
ISPs (Internet Service Providers)
CoLos (Co-located server hosting facilities)
Server Farms
Corporate Data Centers
University/ National Laboratory
Others
By Facility Type Outlook

Less than 200 sq. ft.
200-700 sq.ft.
700-1,200 sq.ft.
1,200-6,000 sq.ft.
More than 6,000 sq.ft.
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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