-- Direct Methanol Fuel Cells Market Overview
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.
Global Direct Methanol Fuel Cells market is expected to witness substantial growth during the forecast period owing to investment in cleaner energy sources in order to reduce carbon emission. The global Direct Methanol Fuel Cells market is expected to grow at 16.3% CAGR during the forecast period.
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Increasing demand for clean energy and demand for reduction for carbon emission would drive the demand for DMFC market. Favourable government initiatives and regulations related to clean energy would further have a positive impact on direct methanol fuel cells market. The global Direct Methanol Fuel Cells market is projected to grow at a high rate during the forecast period, mainly due to the ease of storage and transportation of DMFC as storing methanol is relatively easy than other materials, which is also supposed to encourage product acceptance across industries and in turn compliment market growth.
Key Players:
Antig Technology Co.,Ltd. (Taiwan), SFC Energy AG (Germany), Ballard Power Systems (Canada), Oorja Corporation (US), Meoh Power, Inc. (US), Horizon Fuel Cell Technologies (Singapore), Fujikura Ltd (Japan), Treadstone Technologies Inc. (US), and Samsung SDI (South Korea)
Segmentation
Global Direct Methanol Fuel Cells Market has been segmented based on type, component, application, and region.
Based on component, the market is classified into electrode, membrane, balance of system, and balance of stack.
Based on type, the industry is classified into PEMFC, MCFC, PAFC, and SOFC.
Based on application, the market is segmented into portable, stationary, and transportation.
Regional Analysis
By regions, the global Direct Methanol Fuel Cells market has been segmented into main five regions, such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.
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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Table Of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Insights
5 Market Dynamics
6 Global Direct Methanol Fuel Cells (DMFC) Market, By Type
7 Global Direct Methanol Fuel Cells (DMFC) Market, By Component
8 Global Direct Methanol Fuel Cells (DMFC) Market, By Application
9 Global Direct Methanol Fuel Cells (DMFC) Market, By Region
10 Competitive Landscape
11 Company Profile
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 (%)
Figure 9 Global Direct Methanol Fuel Cells Market, By Type, 2018-2023 (USD Million)
Figure 10 Global Direct Methanol Fuel Cells Market Share, By Component, 2017 (%)
Continue…
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