Direct methanol fuel cells (DMFC) is an electrochemical energy conversion device that converts the chemical energy of liquid methanol into electrical energy. DMFCs are used as an alternative to internal combustion engine (ICE) technology as they offer numerous benefits, including low or even zero emissions. They offer various advantages such as eliminating the requirement for fuel reforming and hydrogen storage and using a liquid fuel for power. DMFCs are ideal for small commercial vehicles such as forklifts and tuggers and consumer goods such as mobile phones, digital cameras, or laptops. They are increasingly being used in military applications due to features such as low noise and thermal signatures and no toxic effluents.
Leading Players analyzed in Direct
Methanol Fuel Cell (DMFC) Market Report are:
The
major players in the global direct methanol fuel cells (DMFC) market
are SFC Energy AG (Germany), Oorja Corporation (US), Pro-Power Co Ltd
(South Korea), Antig Technology Co Ltd (Taiwan), Fujikura Ltd (Japan), Siqens
GmbH (Germany), and Viaspace (US).
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Industry Highlights
The increase in the demand for clean energy,
investments in fuel cell development, high energy density of DMFC, and
reduction in emission of harmful gases from the manufacturing and automotive
industries are expected to drive the market for DMFC market during the forecast
period. The growing awareness of climate change has propelled the adoption rate
of clean energy sources in the manufacturing and automotive industries. These
industries are among the largest producers of greenhouse gases in the world,
and their increasing emphasis on sustainable development has further increased
the demand for fuel cells, including DMFCs.
For instance, in August 2017, Innogy (Germany)
inaugurated its first DMFC-powered marine vessel for commercial operations in
Germany. As DMFC technology has been developing at a very high rate, and as the
technology evolves, the use of DMFC is expected to reduce the emissions of
harmful gases further. This is because the reaction in DMFC results in the
production of water, carbon, and power. Thus, the reduction in the emission of
harmful gases from the manufacturing and automotive industries is expected to
increase the demand for DMFCs in the global market during the forecast period.
Such factors are expected to drive the DMFC market during the forecast period.
Direct Methanol Fuel Cell
(DMFC) Market Segmental Analysis:
The
global direct methanol
fuel cell (DMFC) market is segmented based on type, component, application,
power output, and region.
By Component
- Electrode
- Balance of Stack
- Membrane
- Balance of System
By Type
- Serpentine Flow Field
Design
- Parallel Flow Field
Design
By Application
- Portable
- Stationary
- Transportation
By Power Output
- Below 1 KW
- 1 KW–5 KW
- Above 5 KW
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East &
Africa
Regional Analysis
In terms of region, the global market for DMFCs is
segmented into North America, Europe, Asia-Pacific, the Middle East &
Africa, and South America. North America dominates the global direct methanol
fuel cells (DMFC) market. The increase in the demand for clean energy,
investments in fuel cell development, high energy density of DMFC, and
reduction in emission of harmful gases from the manufacturing and automotive
industries are expected to drive the DMFC market in the region.
Asia-Pacific is one of the largest markets for
renewable energy sources in the world. With the increase in energy demand due
to the growing population and per capita provides a huge market potential for
the growth of clean energy in the region. As per the International Renewable
Energy Agency (IRENA), Asia-Pacific accounts the two-thirds of the rise in
renewable energy installation capacity in 2017. The increasing demand for clean
energy and the development in the fuel cell industry drives the growth of DMFCs
in Asia-Pacific. Moreover, China being the most populated country, is the
fastest growing economy in the world. In June 2015, as per China’s Intended
Nationally Determined Contributions (INDC), the country set up a target to
increase the share of energy consumption by the non-fossil fuel energy source
to 20% by 2030. In addition to this, Oorja Corporation (US), provided DMFCs to
the country’s telecom sector for providing power to mobiles and mobile towers.
Therefore, the increase in the demand for clean energy is expected to drive the
growth of the DMFC market in China during the forecast period
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