Global Direct Methanol Fuel Cells Market was valued US$ xx Bn. in 2019 and the total revenue is expected to grow at 12.9% through 2019 to 2027, reaching US$ xx Bn.
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Direct methanol fuel cells i.e. DMFCs is a type of proton exchange fuel cells which adapts the chemical energy of liquid methanol into electrical energy. Developments in DMFCs because it is produced by PEM (Polymer Electrolyte Membrane) owing to their simple construction and the low-temperature process are expected to drive its demand in alternative energy.
The MMR report contains a detailed study of factors that will drive and restrain the growth of the direct methanol fuel cells market. Expanding the market is because of growing R&D investment by companies for commercialization and initiatives of these cells. Direct methanol fuel cells can also be used in vehicles instead of conservative fuel and are considered to be better efficiency and more reliable. These features are presumed to help the worldwide as well as regional DMFCs markets. To encourage product taking across industries and in turn, complement market growth, Direct methanol fuel and subsequent storing of methanol are comparatively easy than other materials. The essential for longer battery life and higher performance and rapidly rising personal electronic product consumption is expected to further strengthen the DMFCs market.
In recent years, because of the growing impact of emissions on the environment, government organizations and many companies have been spending heavily in the fuel cell technology to develop technically and financially feasible fuel cells. Such as, in 2019, the Chinese government spent US$ 296.42 Mn. in Shouhang IHW Resources Saving Technology Co., Ltd to set up 3 hydrogen plants and nearly 10 hydrogen positions for vehicles in the Datong, China.
By application, the portable segment expected to grow at the highest 15% CAGR during the forecast period thanks to the increase in the consumer base of portable electronic devices and the growing demand for longer-lasting power provisions. The MMR report will also provide an accurate analysis of the contribution of the various segments to the growth of the direct methanol fuel cells market.
The report offers a brief analysis of the major regions in the direct methanol fuel cells market, namely, Europe, Asia-Pacific, North America, Middle East & Africa and Latin America. APAC Direct Methanol Fuel cells Market was valued US$ XX Mn. in 2019 and is expected to reach a value of US$ xx Mn. by 2027, with a CAGR of 66% during the forecast period. This is attributed to the rapid upsurge in DMFC application such as electronics automotive, and other industrial usage. This emerging regional market witness promising growth estimates and provides abundant opportunities for the industry contributors. The direct methanol fuel cells market, now, is at a promising stage and is characterized by a handful of enterprises. Initial high R&D costs are likely to ward off novel entrants from entering the fuel cell industry.
The research study includes the profiles of leading companies operating in the global direct methanol fuel cells market. SFC Energy AG is a leading provider of hydrogen fuel cells and direct methanol for mobile and stationary hybrid power solutions. Company has award-winning serves and products a range of applications in defense & security, oil & gas, clean energy & mobility, and industry markets.
The objective of the report is to present a comprehensive analysis of the Global Direct Methanol Fuel cells Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Direct Methanol Fuel Cells Market dynamics, structure by analyzing the market segments and projects the Global Direct Methanol Fuel cells Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Direct Methanol Fuel cells Market make the report investor’s guide.
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Global Direct Methanol Fuel Cells Market, By Component
• Balance of System
• Balance of Stack
Global Direct Methanol Fuel Cells Market, By Type
• Serpentine Flow Field Design
• Parallel Flow Field Design
Global Direct Methanol Fuel Cells Market, By Application
Global Direct Methanol Fuel Cells Market, by Region
• North America
• Asia Pacific
o South Korea
• South America
• Middle East and Africa
o GCC Countries
o South Africa
Key Players operating in Global Direct Methanol Fuel Cells Market
• SFC Energy AG
• Samsung SDI
• Ballard Power Systems Inc.
• Oorja Protonics Inc.
• Horizon Fuel Cell Technologies
• Meoh Power, Inc.
• Bren-Tronics Incorporated
• Treadstone Technologies Inc.
• Viaspace Inc.
• E. I. Du Pont De Nemours and Company
• Ird Fuel Cell A/S
• Johnson Matthey
• Fujikura Limited
• Antig Technology Co. Ltd.
• DuPont Fuel Cell
• Polyfuel Inc
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