Top Key Players of Automotive Direct Methanol Fuel Cell Market | Ballard, Electro Chem, Hydrogenics, Oorja Electronics, SFC Energy will lead its Market worth to grow at a CAGR of 34.25% by the end of 2023

Direct Methanol Fuel Cell Market

DMFCs are fuel cells that use methanol as a source of fuel. Methanol is a dense and reasonably stable liquid at all environmental conditions. It also has the ability to store high energy content in a confined space, thereby making it one of the preferred sources of fuel in a fuel cell.

The automotive direct methanol fuel cell is expected to grow at a CAGR of 34.25% during the forecast period. The power density is the most important property of the DMFC and will be improved during this period. North America leads the automotive DMFC market followed by European countries.

DMFCs as a source of fuel are gaining worldwide acceptance with the increase in demand for clean energy. The depletion of global gas and oil reserves has led to the adoption of this renewable source of energy. The shift of focus towards renewable energies is driven by the growing public awareness and government initiatives. However, DMFCs are limited in power capacity as they can produce as well as rectify other technical problems related to reactions in electrode that affects the voltage efficiency. The high cost of DMFC components like platinum and platinum-based alloys increases the overall cost of DMFCs. However, there have been several technological advancements that have helped to address the technical limitations of DMFCs to a significant level by bringing down the fuel crossover and oxidation reduction.

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Some of the big players in the market are:

Ballard, Electro Chem, Hydrogenics, Oorja Electronics, SFC Energy.
What the Report Offers

Market definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessment and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario and rising prospective opportunities along with the identification of key companies.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect the automotive DMFC market.

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Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
1.7 New Developments in R&D/ Latest Technologies
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Applications of Steering Sensors
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends

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