Direct Methanol Fuel Cells Market Overview

Direct Methanol Fuel Cells (DMFC) produces electric power by the direct conversion of the methanol fuel at the fuel cells anode. These fuel cells are often used as an efficient alternative to internal combustion engine as they offer benefits such as zero emission with higher reliability. The DFMCs have significant advantage over batteries such as conventional batteries take hours to recharge whereas DFMCs can be refuelled within minutes. In addition, research, and development work associated with fuel cells technologies and government initiatives globally on reduction of green-house gases emissions from power sector is likely to drive the direct methanol fuel cells market.

The growing demand for direct methanol fuel cells market is attributed to need for longer battery life and capability to convert higher energy density fuel directly to electricity. R&D initiatives to commercialize direct methanol fuel cells and develop superior products is expected to create opportunity for the new industry entrants as well as existing participants. One of the major restraints for the global direct methanol fuel cells market is the low oil prices.

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Segmentation

The direct methanol fuel cells market has been segmented based on component into electrode, membrane, balance of system, and balance of stack. Among these components, balance of system segment is the fastest growing segment in the direct methanol fuel cells market as it widely used in power applications.

Regional Outlook

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.

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Prominent Players

The key players of the global direct methanol fuel cells market are 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.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global direct methanol fuel cells market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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