Direct Methanol Fuel Cells Market is expected to foresee significant growth. Asia-Pacific to lead the growth!

Direct-methanol fuel cells or DMFCs are a subcategory of proton-exchange fuel cells in which methanol is used as the fuel. Their main advantage is the ease of transport of methanol, an energy-dense yet reasonably stable liquid at all environmental conditions. Current DMFCs are limited in the power they can produce, but can still store a high energy content in a small space. This means they can produce a small amount of power over a long period. This makes them ill-suited for powering large vehicles (at least directly), but ideal for smaller vehicles such as forklifts and tugger as well as consumer goods such as mobile phones, digital cameras, or laptops. Military applications of DMFCs are emerging applications since they have low noise and thermal signatures and no toxic effluent. These applications include power for man-portable tactical equipment, battery chargers, and autonomous power for test and training instrumentation. Thus, with continuous technological advancement and adoption of DMFC across industries the market is expected to witness a robust growth of ~16% during the forecast period.

During the COVID-19 pandemic in early 2020, the majority of the countries and regions witnessed a countrywide lockdown. This has impacted the overall demand for the Direct Methanol Fuel Cells market. Globally countries witnessed an economic slowdown. The majority of the decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of COVID-19. All these factors affected the market for Direct Methanol Fuel Cells in a negative way.

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Based on component, the market is bifurcated into Electrode, Membrane, Balance of System, and Balance of Stack. Among these, the electrode category to hold significant market share during the forecast period. The basic DMFC is comprised of two electrodes, an anode and cathode, and a solid electrolyte in between. The usually applied catalysts in DMFC anode and cathode catalyst layers are Pt/Ru (~2 mg/cm2) and Pt (~0.1 mg/cm2), respectively. As for electrolytes, the DMFC uses a proton exchange membrane (PEM) that electronically isolates the anode from the cathode and enables the transport of protons.

Based on application, the market is categorized into Portable, Stationary, and Transportation. The applications of this technology range from stationary power production to portable systems to supply portable electrical equipment, such as notebooks, cellular phones, among others. In between these two extremes lies the application for transportation, with almost all major car manufacturers now having their research programs.

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For a better understanding of the market adoption of Direct Methanol Fuel Cells, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market, in 2020. Countries such as China and India are among the major countries considered as the main manufacturing hub for various power equipment and electronics products. Furthermore, growing investments for research and development as well as commercialization of direct methanol fuel cells for portable applications by key stakeholders like Sony, Toshiba, Siemens, Samsung, among others, is expected to drive the market growth.

Some of the major players operating in the market include SFC Energy AG, Oorja Protonics Inc., Horizon Fuel Cell Technologies, Meoh Power Inc., Bren-Tronics Incorporated, Treadstone Technologies Inc., Viaspace Inc., Antig Technology Co. Ltd., Samsung SDI, and Blue World Technologies ApS.

Direct Methanol Fuel Cells Market Segmentation

Market Insight, by Component

• Electrode
• Membrane• Balance of System• Balance of Stack

Market Insight, by Application

• Portable
• Stationary
• Transportation

MARKET INSIGHTS BY REGION

• North America Direct Methanol Fuel Cells Market
  • US
  • Canada
  • Rest of North America
• Europe Direct Methanol Fuel Cells Market
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific Direct Methanol Fuel Cells Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Direct Methanol Fuel Cells Market

Top Company Profiles

• SFC Energy AG
• Oorja Protonics Inc.
• Horizon Fuel Cell Technologies
• Meoh Power Inc.
• Bren-Tronics Incorporated
• Treadstone Technologies Inc.
• Viaspace Inc.
• Antig Technology Co. Ltd.
• Samsung SDI
• Blue World Technologies ApS