DMFC is a subcategory of the proton exchange membrane fuel cell (PEMFC) that uses methanol as the fuel. It was invented and developed in 1990. A DMFC anode can draw hydrogen directly from liquid methanol. This action eliminates the need to have a fuel reformer, allowing the direct use of pure methanol as a fuel. Methanol provides several advantages as it is convenient to handle and easily available.
The rising need to save energy and high adoption of green technology in many countries are the major drivers contributing to the growth of the global DMFC market. At present, governments worldwide are taking several initiatives, in terms of investments, R&D, and commercialization, to increase energy efficiency and reduce energy consumption. As a result, there has been an increased focus on energy-efficient products for energy generation and storage, including fuel cells. This has led to growing awareness among consumers about the use of DMFCs. Also, many end-users prefer using energy-efficient products such as DMFCs to expand their energy storage and reduce their operating expenses.
The global DMFC market has few manufacturers. They work on various segments in developing DMFC products for stationary and portable power. There are also some firms that are highly specialized and provide expertise in proprietary technology.
The demand for clean and reliable power sources, coupled with the growing investments in DMFCs, is contributing to the growth of the DMFC market in EMEA. Significant resources are being allocated for the R&D of clean technologies such as DMFC for use in stationary power and in vehicles.
In 2019, the market size of Direct Methanol Fuel Cell is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Direct Methanol Fuel Cell.
This report studies the global market size of Direct Methanol Fuel Cell, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Direct Methanol Fuel Cell production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Neah Power Systems
Market Segment by Product Type
Market Segment by Application
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Direct Methanol Fuel Cell status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Direct Methanol Fuel Cell manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Direct Methanol Fuel Cell are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025