May 17, 2019 (Heraldkeeper via COMTEX) -- Global Direct Methanol Fuel Cells Market report focuses on the major drivers and restraints for the key players. It also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Direct Methanol Fuel Cells research report is a professional and in-depth study on the current state of the Direct Methanol Fuel Cells.
The worldwide market for Direct Methanol Fuel Cells is expected to grow at a CAGR of roughly 16.7% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017.
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The growing demand for clean energy has been accompanied by depletion of fossil fuels, which has shifted the focus toward fuel cell markets. The DMFC market is still in its initial development phase in all the regions due to slow infrastructure development for refueling of fuel cells, technical limitations, and use of expensive materials for its manufacturing. Government initiatives and grants for fuel cell research, investments from financial institutions, high-energy storage density as compared with batteries and other fuel cells, growing demand for clean energy, and use of cheaper metals for its manufacturing are driving the growth of the global DMFC market.
This report focuses on the Direct Methanol Fuel Cells in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The DMFC market has also been segmented on the basis of components into electrodes, membranes, balance of stack, and balance of system, among others. Majority of the DMFC market is captured by electrode component.
The report segments the DMFC market on the basis of its application which include portable, stationary, and transportation. The portable application is the highest growth market for DMFC. The stationary DMFC application is projected to dominate the global DMFC market during the forecast period.
Market Segment by Manufacturers, this report covers:
SFC Energy AG
Ballard Power Systems Inc.
Oorja Protonics Inc.
Horizon Fuel Cell Technologies
Ird Fuel Cell
Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers:
Balance of System
Balance of Stack
Market Segment by Applications, can be divided into: