Fuel Cell for Data Center Market 2022

Fuel Cell for Data Center Market 2022

The long-term outlook for the global data center fuel cell market remains optimistic, with the market valued at over US$66 million at the end of 2018. The market is expected to be valued at over US$278 million. US Dollars by the end of 2028. PMR presents an in-depth analysis and presents key insights on the global Data Center Fuel Cell Market in its latest market research titled “Data Center Fuel Cell Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028”.

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Fuel cells are beginning to make their way into data centers as a more efficient and environmentally friendly way to deliver power. Fuel cells work by converting hydrogen and oxygen into water and electricity, making them a much cleaner alternative to traditional energy sources. They also produce less heat, making them an ideal choice for use in data centers.

The data center fuel cell market is categorized on the basis of power, product type, and end-use, studied across all regions. In terms of power, the fuel cell > 1000 kW for the data center segment is likely to create lucrative opportunities in the market. Regionally, North America dominates the data center fuel cell market and is expected to account for almost half of the market size during the study period. The region accounts for a large share in terms of the installed base of fuel cells for the data center market and is expected to grow by 13.9% between 2018 and 2028.

Key Companies-

• Fuel Cell Energy, Inc.
• Altergy
• Bloom Energy pvt. ltd.
• Logan Energy
• AFC Energy
• Toshiba Fuel Cell Power Systems Corporation
• Plug hole
• Hydrogen
• Ballard

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Global Data Center Fuel Cell Market Segmentation Analysis

The data center fuel cell market has been categorized in terms of product type into data center PEM fuel cell, data center solid oxide fuel cell, data center molten carbon fuel cell and phosphoric acid fuel cell for data center.

Among the product types, the data center PEM fuel cells segment is expected to remain at the forefront of the data center fuel cells market in terms of value and volume and is expected to create lucrative opportunities during the period. forecast
The Molten Carbon Fuel Cell for Data Center segment is expected to grow at a healthy pace. Its market valuation is expected to grow nearly 4.3 times between 2018 and 2028

Regional forecast of the global data center fuel cell market

Regionally, North America accounts for a significant share of the global data center fuel cell market. Europe is the only other region with a double-digit market share. Accounting for a major revenue share in the global data center fuel cell market, East Asia is expected to register a remarkable CAGR during the forecast period.

The changing trend from conventional energy sources to renewable energy sources brings fuel cells into the limelight for powering data centers

PMR suggests that the global data center fuel cell market is expected to register healthy growth throughout the forecast period. This can mainly be attributed to the fact that data centers consume around 2-3% of the world’s electricity, which leads to an increased carbon footprint. In response to high energy costs and growing environmental concerns, data center holding companies are looking for alternatives to renewable energy sources.

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Key Questions Answered in the Data Center Fuel Cells Market Report –

• Who are the major manufacturers and suppliers of data center fuel cells?
• What will be the growth rate of the fuel cell market for data centers in the future?
• What are the key factors driving the global data center fuel cell market?
• Who are the key manufacturers in the data center fuel cell market space?
• What are the opportunities and threats faced by the vendors in the Global Data Center Fuel Cell Industry?
• What are sales, revenue, and price analysis by regions of Data Center Fuel Cell industry?

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This press release was published on openPR.