Direct
Methanol Fuel Cell (DMFC) is a power source for the portable devices that
produces electric power by the direct conversion of the methanol fuel at the
fuel cell anode. These fuel cells are a feasible alternative to other energy
sources such as batteries and diesel-powered engines. Direct methanol fuel
cells have applications spread across multiple industries. Major end-use
industries include electronics, automotive, and industrial. DMFC has different
types of applications, namely, stationary, portable, and transportation
applications. These fuel cells can also be used in automobiles instead of
conventional fuel and are termed to be more efficient and reliable.
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Fuel Cell Market Research Report” at: https://www.marketresearchfuture.com/sample_request/7116
Segmental Analysis:
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. The balance of system segment is expected to be
the largest segment of Direct Methanol Fuel Cells, by component, in 2018. With
increasing fuel cells in large power applications, there would be an increasing
need for balance of system such as methanol cartridges, more air and water
supply. This factor is expected to boost the demand for the balance of system
component.
The
global Direct Methanol Fuel Cells market is further segmented based on
application, including portable, stationary, and transportation. Portable segment of the global Direct
Methanol Fuel Cells market is estimated to register the highest growth rate
during the forecast period.
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Regional Outlook:
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.
Key
Players:
The
key players of 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 Cell Technologies
(Singapore), Fujikura Ltd (Japan), Treadstone Technologies Inc. (US), and
Samsung SDI (South Korea), among others.
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