Fuel Cell for Data Center Market
PMR presents an in-depth analysis and presents key insights on the global fuel cell for data centre market in its latest market study titled ‘Fuel Cell for Data Centre Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028’. The long-term outlook on the global fuel cell for data centre market remains optimistic with the market being valued at over US$ 66 Mn at the end of 2018. The market is anticipated to be valued at over US$ 278 Mn at the end of 2028.
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Fuel cells have been gaining traction as a potential power source for data centers due to their high efficiency and low emissions. A fuel cell is an electrochemical device that converts the chemical energy of a fuel, such as hydrogen, into electricity through a process known as electrolysis. This process produces only water and heat as by-products, making fuel cells a clean and sustainable alternative to traditional power sources such as fossil fuels.
The market for fuel cells in data centers is expected to grow at a significant rate in the coming years. This growth can be attributed to several factors, including increasing concerns about carbon emissions and the need for reliable and sustainable power sources in data centers. Additionally, advancements in fuel cell technology and the availability of government incentives and funding for fuel cell research and development are also driving market growth.
North America and Europe are the major markets for fuel cells in data centers, due to the presence of several leading data center companies in these regions. Asia-Pacific is expected to be the fastest-growing market for fuel cells in data centers, driven by the growing adoption of fuel cells in countries such as Japan, South Korea, and China.
In terms of application, the stationary segment is expected to hold the largest share of the fuel cell market for data centers, due to the increasing adoption of fuel cells as backup power sources in data centers. The portable segment is expected to be the fastest-growing application segment, due to the increasing adoption of portable fuel cells in military and defense, as well as in remote locations where power is not easily accessible.
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Key Companies-
- FuelCell Energy, Inc.
- Altergy
- Bloom Energy pvt. Ltd.
- Logan Energy
- AFC Energy
- Toshiba Fuel Cell Power Systems Corporation
- Plug Power
- Panasonic
- Hydrogenics
- Ballard and more
In terms of technology, the proton exchange membrane (PEM) fuel cell segment is expected to hold the largest share of the fuel cell market for data centers, due to their high efficiency and fast start-up time. The solid oxide fuel cell (SOFC) segment is expected to be the fastest-growing technology segment, due to their high efficiency and low emissions.
Overall, the fuel cell market for data centers is expected to grow at a significant rate in the coming years, driven by increasing concerns about carbon emissions and the need for reliable and sustainable power sources in data centers. The stationary and PEM fuel cell segments are expected to be the major contributors to market growth, while the Asia-Pacific region is expected to be the fastest-growing market for fuel cells in data centers.
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Request you to Read More-
https://www.openpr.com/news/2799920/fuel-cell-for-data-center-market-swot-analysis-by-key-players
https://www.openpr.com/news/2534134/fuel-cell-for-data-center-market-is-anticipated-to-be-valued
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