Direct Methanol Fuel Cells Market Competitive Strategies, Regional Analysis Forecast 2023 by Antig Technology, SFC Energy AG, Ballard Power Systems, Oorja Corporation, Meoh Power, Horizon Fuel Cell Technologies, Fujikura, Treadstone Technologies and Samsu

Market Highlights

Direct methanol fuel cells (DMFC) is an attractive source of energy for mobiles, portable, and stationary applications. Its main advantage is ease of transport with no complicated storage mechanism. DMFCs have higher energy density compared to conventional lithium ion batteries. Such superior characteristics are presumed to play a critical part in aiding the global market development. Favorable government initiatives and regulations related to clean energy would further have a positive impact on direct methanol fuel cells market.

Key Players

The key players of the global Direct Methanol Fuel Cells market Antig Technology Co.,Ltd. (Taiwan), SFC Energy AG (Germany), Ballard Power Systems (Canada), Oorja Corporation (US), Meoh Power, Inc. (US), Horizon Fuel Cells Technologies (Singapore), Fujikura Ltd (Japan), Treadstone Technologies Inc. (US), and Samsung SDI (South Korea), among others.

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Direct Methanol Fuel Cell (DMFC) is a power source for the portable devices that produces electric power by the direct conversion of the methanol fuel at the fuel cell anode. These fuel cells are a feasible alternative to other energy sources such as batteries and diesel-powered engines. Direct methanol fuel cells have applications spread across multiple industries. Major end-use industries include electronics, automotive, and industrial. DMFC has different types of applications, namely, stationary, portable, and transportation applications. These fuel cells can also be used in automobiles instead of conventional fuel and are termed to be more efficient and reliable.

High investment in fuel cell development is also one of the major factors driving the Direct Methanol Fuel Cells market. Companies are increasing the R&D investment for commercialization of these fuel cells. For instance, South Korea has plans for fuel cells in the coming years. For instance, the country developed Daesan Green Energy fuel cell power plant which would use a 50 MW fuel cell system built by Doosan. Similarly, Ballard Power Systems (Canada) announced two orders worth USD 3.5 million for 13 fuel cell propulsion system for use in unmanned aerial vehicles. These developments would boost the growth of DMFC worldwide.

Segmentation

By Type

• PEMFC
• MCFC
• PAFC
• SOFC
• Others

By Component

• Electrode
• Membrane
• Balance of System
• Balance of Stack

By Application

• Portable
• Stationary
• Transportation

By Regions

• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America

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Scope of the Report

This report provides an in-depth analysis of the global direct methanol fuel cells market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the direct methanol fuel cells market by its type, component, application, and by region.

Asia Pacific accounts for the largest market share

Region wise, Asia Pacific held the largest market share of the global Direct Methanol Fuel Cells market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in railway sector, rising urbanization and proliferation of electrification. Europe region holds significant market share and is expected to dominate the global Direct Methanol Fuel Cells market in terms of revenue contribution. Germany is leading country contributing to the growth of the European market. The market is mainly driven by factors such as the gradual shift from diesel-based to diesel-electric locomotives and electric locomotives.

List Of Figures

Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Direct Methanol Fuel Cells Market Share, By Type, 2017 (%)
Continue…

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