Fuel Cell for Data Centers Market Size, Industry Analysis Report By Type (PEMFC, SOFC, PAFC, MFC, AFC, DMFC), By Application (Portable, Stationary, Fuel Cell Vehicles), By End-user (Commercial and Industrial, Data Centers, Transportation, Military and Defence, Residential , Utilities and Government or Municipal Institute) & Region - Forecasts

Google translate

Captcha * + =
We ensure/ offer complete secrecy of your personal details Privacy
Medical Plastics Market Size, Share and Global Industry Trend Forecast till 2026
  • : Aug, 2020

  • : 100

  • :


Global Fuel Cell for Data Centers Market Analysis by Type, Application, End Use, Size, Region and segments forecast till 2033

Market Overview

Global Fuel Cell for Data Centers Market valued at USD 3,650 million in 2023 is anticipated to reach a value of USD 23,210 million in 2033, growing at a CAGR of 26.0%.

Report Scope

Report Attributes


Market Forecast in 2022

USD 3,650 Million

Market Forecast in 2033

USD 23,210 Million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product Type, end-user industry, company share, company heatmap, company Application Technology Type capacity, growth factors and more

Segments Covered

Type, Application, End User, Size

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Bloom Energy, Doosan Fuel Cell Co., Ltd., Aisin Corporation, Plug Power Inc., KYOCERA Corporation, Ceres, Cummins Inc., PowerCell Sweden, TOSHIBA CORPORAT, Ballard Power Systems, SFC Energy AG.

Global Fuel Cell for Data Centers Market: Description

A fuel cell generates electricity using an electrochemical reaction, not combustion, and depending on the fuel source, produces near to zero polluting emissions. Utilization of fuel cell allows onsite power generation thereby reducing reliance over traditional grid system and using grid electricity in case of absence of fuel.

Fuel cells have emerged as the most viable alternative to solar, wind or grid-powered electricity due to low cost financing, government subsidies, and the companies desire to reduce their carbon footprint and energy costs. He growing demand for clean power generation with less or no emission is the primary factors driving market growth.

Moreover, various rules and regulations on carbon emission across the globe will drive the demand for fuel cells in the near future. Technological advancements in fuel cell usage specifically for data centers is expected the drive the market during the forecast period. In recent times, digitalization has touched every part of life including businesses. With wide acceptance of digitalization in regular work, the companies from various sectors are generating massive data.

With political leaders across the global coming together to reduce their countrys carbon footprint and signing of Paris agreement has given a boost to green and renewable technologies to set themselves in markets. Fuel cells being a non-emission solution for power generation fits the category green and renewable technologies and is growing owing to the carbon emission norms.

Fuel cell is itself a very expensive technology which directly affects the cost of fuel cell electric vehicles. The price of the 2019 Toyota Mirai is almost USD 58,500 in the US, whereas the 2019 Tesla Model 3 costs USD 36,000. The huge price difference between battery electric and fuel cell vehicles is a major challenge for the growth of FCEV sales.

Global Fuel Cell for Data Centers Market- Segmental Analysis:

Type Insights

The PEMFC segment accounted for a significant revenue share in 2022 and is anticipated to grow at a significant CAGR.

Application Insights

The Portable segment held the largest revenue share of 26.7%. The segment is anticipated to witness a CAGR of 6.1% over the projected period.

End User Industry Insights

Commercial & Industrial end user segment to grow at the fastest pace in the forecast period. Almost every type of fuel cell can be used by commercial & industrial end users which enables them to curb GHG emissions.

Size Insights

Small scale (up to 200 kW) segment held the majority of market share by fuel cell size in global fuel cell market.

Regional Insights

The Global Fuel Cells for Data Centers market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin America, Middle East and Africa. Asia Pacific is the largest region in the fuel cell market. China recently upgraded its fuel cell policy in March 2022 and unveiled a blueprint for fuel cell technology deployment by 2035 in the country. This blueprint is designed under National Development and Reform Commission. China is the worlds largest automotive market, which supports the rapid growth of technologies such as fuel cell vehicles as compared to other regions.

Competitive Analysis

Bloom Energy, Doosan Fuel Cell Co., Ltd., Aisin Corporation, Plug Power Inc., KYOCERA Corporation, Ceres, Cummins Inc., PowerCell Sweden, TOSHIBA CORPORAT, Ballard Power Systems, SFC Energy AG.

In January 2022, Doosan Fuel Cell Co., Ltd. and Korea Hydro & Nuclear Power (KHNP) signed an agreement for strengthening Hydrogen Fuel Cell Operation and Maintenance Capabilities. The two companies will work together to produce a roadmap for hydrogen fuel cell operation and maintenance technical training, as well as a local green hydrogen fuel cell project for distributed power, under the terms of the agreement.

In February 2022, Renault Group and Plug Power Inc. entered into a joint venture with formation of HYVIA to work on low-carbon mobility and hydrogen fuel cells.

Global Fuel Cell for Data Centers Market- Segmental Analysis

Based on Type







Based on Application



Fuel Cell Vehicles

Based on End-user

Commercial and Industrial

Data Centers


Military and Defence


Utilities and Government or Municipal Institute

Based on Size

Small Scale

Large Scale

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Fuel Cell for Data Centers Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Technology and consumption point of view at the regional and country level. Key Factors considered within the report scope are Technology Type capacity by countries/regions, average End user, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Fuel Cell for Data Centers Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

Business Model

Technology, Capacity, Revenue, Sales, Gross Margin

Key Business Strategy

SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Technology Vehicle Type in taking a key decision within the business:

Company Share Analysis from 2020-2022

Company Analysis by Revenue and Sales

Company Technology Type Capacity, Gross Margin

Company Share Analysis by Technology Type/ Technology Vehicle Type

Company Share Analysis by Technology Type/Specification

Send Us A Message
Address 401, Niche Facade, Viman Nagar, Pune, Maharashtra 411014
Lets Talk 092945 02887
General Support sales@crediblemarkets.com
Wemarket Reasearch Report
Catheter-Related Bloodstream Infection (CRBSI) -Market Insights, Epidemiology, and Market Forecast-2030
Catheter-Related Bloodstream Infection Market Research Report present a detailed analysis of the market listing Catheter-Related Bloodstream Infection Epidemiology, Drug therapies.
FROM $15000 $12000

Frequently Asked Questions

Faqs Data is not available

Related Reports


Wemarket Research Report Missing

OOPS! Wemarket Research Report Missing