Fuel Cell for Data Center Market Set to Grow at 16% CAGR, Reaching USD 400 Million by 2030

As per MarkNtel Advisors the Global Fuel Cell for Data Center Market size was valued at around USD 175 million in 2024 and is projected to reach USD 400 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2025-30. The growth in the market is attributed to the rising awareness and growing emphasis on sustainability practices and lower greenhouse gas emissions globally. This is mainly due to the data center consuming massive electricity due to their prolonged uptime which leads to increasing levels of greenhouse emissions from the data centers. Moreover, these data centers rise in number due to the requirement of greater computing power and storage spaces. This development is primarily attributed to the increasing adoption of artificial intelligence and the rising global migration towards the cloud. The development of these scenarios highlights the worldwide demand for fuel cells as cleaner, emission-free sources of electricity for data centers.

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Fuel Cell for Data Center Market Systems Market Segmentation:

By Fuel Cell Type

Proton Exchange Membrane Fuel Cells (PEMFC) – Market Size & Forecast 2020-2030, KW
Solid Oxide Fuel Cells (SOFC) – Market Size & Forecast 2020-2030, KW
Molten Carbonate Fuel Cells (MCFC) – Market Size & Forecast 2020-2030, KW
Phosphoric Acid Fuel Cells (PAFC) – Market Size & Forecast 2020-2030, KW
Others (Alkaline Fuel Cells, Direct Methanol Fuel Cells, etc.) – Market Size & Forecast 2020-2030, KW

By Power

Low Power (Less than 100 KW) – Market Size & Forecast 2020-2030, KW
Medium Power (Between 100 – 1,000 KW) – Market Size & Forecast 2020-2030, KW
High Power (Greater than 1,000 KW) – Market Size & Forecast 2020-2030, KW

By Application

Primary Power Source – Market Size & Forecast 2020-2030, KW – Market Size & Forecast 2020-2030, KW
Backup Power Source – Market Size & Forecast 2020-2030, KW – Market Size & Forecast 2020-2030, KW
Combined Heat and Power (CHP) Systems – Market Size & Forecast 2020-2030, KW
Grid Stabilization – Market Size & Forecast 2020-2030, KW

By Data Center Type

Telecommunications – Market Size & Forecast 2020-2030, KW
Internal Service Provider (ISPs) – Market Size & Forecast 2020-2030, KW
Colocation Server Hosting Facilities (CoLo) – Market Size & Forecast 2020-2030, KW
Server Farms – Market Size & Forecast 2020-2030, KW
Corporate Data Centers – Market Size & Forecast 2020-2030, KW
University/National Laboratory – Market Size & Forecast 2020-2030, KW
Others – Market Size & Forecast 2020-2030, KW

By End Users

IT and Telecommunication – Market Size & Forecast 2020-2030, KW
Government – Market Size & Forecast 2020-2030, KW
Healthcare – Market Size & Forecast 2020-2030, KW
Others – Market Size & Forecast 2020-2030, KW

By Region

North America
South America
Europe
The Middle East and Africa
Asia-Pacific

Fuel Cell for Data Center Market Recent Development:

November 2024: Bloom Energy has signed a power supply agreement of up to 1 GW with American Electric Power.
June 2024: ECL has announced that it has delivered the world’s first data center that uses hydrogen as its primary source at MV1, its facility in Mountain View, California.

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Fuel Cell for Data Center Market Drivers:

Increasing Focus on Sustainability & Emission Targets – The demand for the use of fuel cells in the data center is primarily driven by the global need to achieve sustainability goals and emission targets. This is because the data centers consume a significant amount of global electricity. The International Energy Agency (IEA) highlighted that around 1.5% of global electricity usage goes to data centers. The increase in electricity consumption is driven by the escalating adoption of artificial intelligence worldwide. Goldman Sachs expects that the rise in artificial intelligence's adoption will raise the power demand by 160% by 2030. This is mainly due to AI using more computing power. For example, a ChatGPT query requires around 2.9 Wh of electricity compared to just 0.9 Wh on a Google search. The increasing electricity consumption would result in an increase in global emissions by data centers.

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Report Highlights Essential Insights for Strategic Decision-Making

Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Fuel Cell for Data Center Market are:

Hitachi Energy
Bosch Hydrogen Energy
PowerCell Group
ESB Group
Panasonic
AFC Energy
Bloom Energy
FuelCell Energy, Inc.
Ballard Power Systems
Plug Power Inc.
Doosan Fuel Cell
Ceres Power
Rolls-Royce plc
ECL
Nedstack Fuel Cell Technology
Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.

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