Direct Methanol Fuel Cell Market report 2019 is dispensed after a thorough study of various key market segments like Market Size, Latest Trends, Industry Share, Opportunity Assessment, Growth Factor, Upcoming Strategies, Future Scope, Market Threats & Key Drivers driving the Direct Methanol Fuel Cell Market. Global Direct Methanol Fuel Cell (DMFC) Market Report: Information by Component (Electrode, Membrane, Balance of System and Balance of Stack), Type (Serpentine Flow Field Design and Parallel Flow Field Design), Application (Portable, Stationary and Transportation), Power Output (Less than 1KW, 1KW –5KW and Above 5 KW) and Region – Forecast till 2024
The global direct methanol fuel cell market is expected to climb up with a 16.3% CAGR over the forecast period (2016-2023). Market Research Future (MRFR) recently declared the possibility for the direct methanol fuel cells market is quite high to surpass the estimated valuation.
SFC Energy AG (Germany), Samsung SDI (South Korea), Antig Technology Co.,Ltd. (Taiwan), Oorja Corporation (US), Ballard Power Systems (Canada), Horizon Fuel Cell Technologies (Singapore), Meoh Power, Inc. (US), Treadstone Technologies Inc. (US), Fujikura Ltd (Japan), and others for a better grip on the predictive analysis.
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Direct methanol fuel cells (DMFC) is an electrochemical energy conversion device that converts the chemical energy of liquid methanol into electrical energy. DMFCs are used as an alternative to internal combustion engine (ICE) technology as they offer numerous benefits, including low or even zero emissions. They offer various advantages such as eliminating the requirement for fuel reforming and hydrogen storage and using a liquid fuel for power. DMFCs are ideal for small commercial vehicles such as forklifts and tuggers and consumer goods such as mobile phones, digital cameras, or laptops. They are increasingly being used in military applications due to features such as low noise and thermal signatures and no toxic effluents.
Factors that are expected to influence the global direct methanol fuel cells market are ease of transportation & packaging, hike in investment, research & development support in commercialization of products, increasing intake of the product in large power applications, and stringent regulations that bars the use of natural power sources. These factors could act as a catalyst in the expansion of the global direct methanol fuel cell market.
North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America are five regions that have been included in a detailed study for the global direct methanol fuel cells market. This region-specific study is to understand the scope for future expansion plans.
The APAC region has the complete dominance over the market and it is expected to show the fastest growth rate during the forecast period as well. The region is thriving on the recent investments made by several governments to improve the infrastructure. This has also scored well with foreign investors and regional industries are getting substantial traction. Various companies in different verticals are making moves that are impacting the intake of such direct methanol fuel cells. More than anything else, the burgeoning railway sector, urbanization, and increasing electrification are the reasons to impact the market the most.
Europe is also enjoying much prominence and its revenue contribution has increased considerably in the past few years. The regional market is gaining much from the shift in diesel-based vehicles to diesel-electric locomotives and electric locomotives.
The global direct methanol fuel cells market, as reported by MRFR in their recent study, has been segmented by type, component, and application.
By component, the direct methanol fuel cells market includes electrode, membrane, balance of system, and balance of stack.
By application, the global direct methanol fuel cells market includes application, including portable, stationary, and transportation.
Industry Related News:
In December 2018, Ecoletro Inc. a company that is known for its low-cost, high-performance polymer for the electrochemical application segment, has been selected by the US Department of Energy for their Advanced Research Projects Agency-Energy (ARPA-E). The study should allow in depth analysis of the alkaline exchange ionomers and membranes. This would also help in the understanding of fuel cells sourced from alcohol group such as methanol.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market size Estimation
3.4 Forecast Model
3.5 List of Assumptions
3.6 Limitations of the study
4 Market Insights
5 Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.6 Value Chain/Supply Chain Analysis
6 Global Direct Methanol Fuel Cells (DMFC) Market, By Type
6.2 Polymer/Proton Exchange Membrane Fuel Cells (PEMFC)
6.3 Molten Carbonate Fuel Cells (MCFC)
6.4 Phosphoric Acid Fuel Cells (PAFC)
6.5 Solid Oxide Fuel Cells (SOFC)
7 Global Direct Methanol Fuel Cells (DMFC) Market, By Component
7.4 Balance of System
7.5 Balance of Stack
8 Global Direct Methanol Fuel Cells (DMFC) Market, By Application
9 Global Direct Methanol Fuel Cells (DMFC) Market, By Region
10 Competitive Landscape
11 Company Profile
List of Tables
Table 1 Global Direct Methanol Fuel Cells Market, By Region, 2016-2023 (USD Million)
Table 2 North America Direct Methanol Fuel Cells Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Direct Methanol Fuel Cells Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Direct Methanol Fuel Cells Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Direct Methanol Fuel Cells Market, By Country, 2016-2023 (USD Million)
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