The growing demand for clean energy has been accompanied by depletion of fossil fuels, which has shifted the focus toward fuel cell markets. The DMFC market is still in its initial development phase in all the regions due to slow infrastructure development for refueling of fuel cells, technical limitations, and use of expensive materials for its manufacturing. Government initiatives and grants for fuel cell research, investments from financial institutions, high-energy storage density as compared with batteries and other fuel cells, growing demand for clean energy, and use of cheaper metals for its manufacturing are driving the growth of the global DMFC market.
The DMFC market has also been segmented on the basis of components into electrodes, membranes, balance of stack, and balance of system, among others. Majority of the DMFC market is captured by electrode component.
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The report segments the DMFC market on the basis of its application which include portable, stationary, and transportation. The portable application is the highest growth market for DMFC. The stationary DMFC application is projected to dominate the global DMFC market during the forecast period.
The Direct Methanol Fuel Cells market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of 15.9% during the forecast period. In this study, 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 Cells.
This report presents the worldwide Direct Methanol Fuel Cells market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
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This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The following manufacturers are covered in this report:
SFC Energy AG
Ballard Power Systems Inc.
Oorja Protonics Inc.
Horizon Fuel Cell Technologies
Ird Fuel Cell
Direct Methanol Fuel Cells Breakdown Data by Type
Balance of System
Balance of Stack
Direct Methanol Fuel Cells Breakdown Data by Application
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Direct Methanol Fuel Cells Production by Region
Direct Methanol Fuel Cells Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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