The fuel cells in data centres market was worth US$ 66 million in 2017.
Over the period of 2018 to 2028, the market for fuel cells for data centres will expand rapidly (15.5%).
Approximately 2% or more of the world’s total electricity consumption is thought to be used by data centres. It is projected that data centres’ energy usage will rise steadily. For instance, according to recent estimates, the annual energy consumption of data centres in the US alone was over 91 TWh in 2013. By the end of 2020, that figure is predicted to rise by 6.3% to about 140 TWh (approximately 507.9 TWh globally).
The Fuel Cell for Data Center market is experiencing significant growth as the demand for sustainable and reliable energy solutions in data centers continues to rise. Fuel cell technology offers a promising alternative to traditional power sources, providing clean and efficient energy generation for data center operations. The market’s expansion is driven by the increasing focus on reducing carbon emissions, improving energy efficiency, and ensuring uninterrupted power supply in the rapidly growing data center industry.
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One of the key factors driving the growth of the Fuel Cell for Data Center market is the environmental benefits it offers. Fuel cells produce electricity through an electrochemical reaction, emitting only water vapor and heat as byproducts. This clean energy generation reduces greenhouse gas emissions and helps data centers achieve their sustainability goals. As organizations prioritize environmental stewardship, fuel cells provide an attractive solution to power data centers while minimizing their carbon footprint.
Moreover, the market is propelled by the need for reliable and uninterrupted power supply in data center operations. Data centers are critical infrastructure that require continuous power to ensure the availability of online services. Fuel cells offer a highly reliable and resilient power source, providing backup or primary power during grid outages or emergencies. Their ability to operate independently of the electrical grid ensures uninterrupted data center operations, safeguarding against potential revenue loss and data disruptions.
Furthermore, advancements in fuel cell technology have contributed to the market’s growth, making fuel cells more efficient, cost-effective, and scalable for data center applications. Manufacturers are investing in research and development to improve fuel cell performance, increase power density, and reduce system costs. These advancements make fuel cells more viable and attractive for data center operators, enabling them to meet their power demands while achieving energy efficiency and sustainability targets.
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As the demand for sustainable energy solutions in data centers continues to escalate, the Fuel Cell for Data Center market is poised for sustained growth. Manufacturers are collaborating with data center operators and energy providers to develop customized fuel cell solutions that meet the unique requirements of data center environments. With their clean energy generation, reliability, and technological advancements, fuel cells are revolutionizing the way data centers are powered, contributing to a more sustainable and resilient digital infrastructure.
Companies Covered in This Report –
- FuelCell Energy, Inc.
- Altergy
- Bloom Energy pvt. Ltd.
- Logan Energy
- AFC Energy
- Toshiba Fuel Cell Power Systems Corporation
- Plug Power
- Panasonic
- Hydrogenics
- Ballard
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