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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