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01 Sep 2016 11:09:30

Direct Methanol Fuel Cell Market is expected to rise at a remarkable CAGR By 2024



Global Direct Methanol Fuel Cell Market: Description

Significant rise in research and development efforts in the past few decades has enabled excellent progress in the field of fuel cells, the electrochemical devices that convert the energy of a chemical reaction directly to electrical energy, with virtually no pollution. In this sector, direct methanol fuel cells (DMFC) have emerged as a viable candidate capable of replacing many fuel cell technologies across a vast number of applications.

The DMFC technology is considered a breakthrough invention for portable energy delivery, which can be effectively used in portable mobile devices such as smartphones and tablets. Longer working durations and higher energy densities of DFMCs as compared to conventional batteries and the mounting use of mobile devices are some factors that are expected to help fuel the demand for DMFCs globally. Looking at the ongoing development in the DMFC industry, direct methanol fuel cells are expected to witness decline in costs and become competitive with thin film batteries in the next few years.

The overview section of the global methanol fuel cell market examines details such as market drivers, restraints, competitive landscape, opportunities, and key trends of the present as well as the past years. Porter’s five forces model has been used to explain the competitive landscape of the market and study the feasibility of new projects. Detailed business profiles of some of the key vendors operating in the market are included, with thorough details regarding their recent activities, product portfolios, contact details, revenues, and other essential details.

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Global Direct Methanol Fuel Cell Market: Overview

The global market for direct methanol fuel cells holds excellent promise of growth in the next few years. Volume-wise, the market is projected to reach 92,000 units by 2016. Growth in the market will be driven chiefly by the vast rise in the consumer base of portable electronics devices and the increasing demand for longer-lasting power supplies. Stringent environment sustenance-related regulations that require a reduction in emissions of harmful gases from manufacturing industries and automobiles are also expected to drive the global consumption of direct methanol fuel cell and increase the number of applications where these cells are used.

The report examines the market for direct methanol fuel cells across geographies such as North America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is presently the leading regional market, accounting for a share of 38% of the global market, trailed by North America, which commands a share of over 35% of the market.

Some of the key applications of direct methanol fuel cells examined in the report are across portable electronic devices, transport, and stationary applications such as power storage. In the next few years, transportation is expected to emerge as a key application sector of direct methanol fuel cells.

Global Direct Methanol Fuel Cell Market: Key Players

Some of the key vendors operating in the global direct methanol fuel cell market are Antig Technology Co. Ltd., Viaspace Inc., Neah Power Systems Inc., Cmr Fuel Cells Plc, Polyfuel Inc., Oorja Protonics Inc., Samsung Sdi Co. Ltd., Toshiba Corp., Dupont Fuel Cell, Idatech Llc, Fujikura Ltd., Ultracell Corp., Panasonic Corp., and Mti Micro Fuel Cells Inc.

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