Global Direct Methanol Fuel Cell Market is expected to grow at a robust CAGR.
Global Direct Methanol Fuel Cell Market is expected to grow
owing to increasing demand for clean energy solutions and high investments in
fuel cell development, throughout the forecast period.
According to TechSci Research report, “Direct Methanol Fuel Cell Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”,
the Global Direct Methanol Fuel Cell Market is expected to register robust growth during the forecast period owing to
DMFCs serving as a viable alternative to batteries and diesel-powered engines,
offering several advantages. Unlike batteries that take hours to recharge,
DMFCs can be refuelled within minutes. By replacing batteries with DMFCs, the
need for battery charging infrastructure within facilities can be eliminated.
Moreover, DMFCs are gradually replacing batteries in material handling
applications, particularly in forklift trucks. The growing awareness of clean
energy and the demand for zero-emission energy sources are driving the DMFC
market. Additionally, stringent environmental regulations act as catalysts for
the demand in this market, as these regulations are likely to compel countries
to shift their primary energy mix towards cleaner fuels, including fuel cells.
Similar to other fuel
cells, DMFCs operate silently as they lack moving parts, distinguishing them
from combustion engines or gas turbine engines. Moreover, the minimal
mechanical friction, resulting from fewer moving parts, contributes to reduced
wear and tear and lower maintenance requirements. This lower maintenance
translates to minimized application downtime and operating costs, ultimately
leading to substantial cost savings. Consequently, users have shown a strong
interest in adopting fuel cells. Additionally, DMFCs can be seamlessly
integrated with other power generators, further enhancing their significance.
For instance, DMFCs can be combined with solar panels, bridging the power
generation gap during periods of darkness or low sunlight. This versatility has
contributed to the growing adoption of DMFCs across renewable energy sources.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Direct Methanol Fuel Cell Market"
The Global Direct
Methanol Fuel Cell Market is segmented based on component, type, application and region. Based on component, the
market is bifurcated into electrode, membrane, balance of system, balance of
stack. Based on type, the market is bifurcated into serpentine flow field
design, parallel flow field design. Based on application, the market is
bifurcated into portable, stationary, transportation. Based on region, the
market is further bifurcated into North America, Asia-Pacific, Europe, South
America, Middle East & Africa.
Based on application, Portable segment is expected to dominate the market during the forecast period. Direct
methanol fuel cells (DMFCs) exhibit a higher energy density when compared to
traditional batteries. This attribute allows for extended operating times in
portable devices without a significant increase in size or weight.
Additionally, DMFCs have a lightweight design, making them suitable for mobile
devices where weight and portability are crucial factors. The demand for
efficient and convenient power sources has surged alongside the widespread use
of portable electronic devices for communication, entertainment, and work purposes.
To address this need, DMFCs offer a promising solution by providing on-the-go
charging capabilities, thereby reducing the frequency of battery recharges or
replacements.
Based on type, Serpentine
Flow Field Design segment is projected to dominate the market throughout the
forecast period. A serpentine flow field design is a commonly employed
configuration in fuel cells, including DMFCs, to facilitate the efficient
distribution of reactants (methanol and oxygen) across the electrode surfaces
and the removal of reaction byproducts. The selection of the serpentine flow
field design ensures a uniform distribution of reactants across the catalyst
layers of the fuel cell, thereby addressing issues such as fuel starvation and
localized concentration gradients that can impact cell performance. The serpentine
flow field design, in conjunction with other components and materials,
contributes significantly to the overall commercial viability of DMFC systems.
Advancements in flow field design play a crucial role in enhancing the energy
density, efficiency, and reliability of DMFCs.
Key market players in the Global Direct
Methanol Fuel Cell Market are:-
- Blue
World Technologies ApS
- SFC
Energy AG
- Viaspace
Inc.
- Ballard
Power Systems Inc.
- MeOH
Power, Inc.
- Oorja
Protonics Inc.
- Johnson
Matthey
- Horizon
Fuel Cell Technologies
- TreadStone
Technologies, Inc.
- Fujikura
Ltd.
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“Asia
Pacific is expected to dominate the market during the forecast period. The Asia-Pacific
region has emerged as a major contributor to the DMFC market, driven by its
expanding economies, technological advancements, and commitment to sustainable
energy solutions. The region has exhibited keen interest in utilizing DMFCs for
portable electronic devices, capitalizing on the convenience of rapid refueling
and minimized environmental impact. In remote or off-grid areas where
conventional power sources may be limited, DMFCs present a viable alternative
for power generation.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Direct Methanol Fuel Cell Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast 2018-2028 Segmented By Component
(Electrode, Membrane, Balance of System, Balance of Stack), By Type (Serpentine
Flow Field Design, Parallel Flow Field Design), By Application (Portable,
Stationary, Transportation), By Region,” has evaluated the future
growth potential of Global Direct Methanol Fuel Cell Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Direct Methanol Fuel Cell Market.
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