Himanshu Patni: Direct Methanol Fuel Cells Market - Industry Size, Share, Growth & Forecast 2027

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.

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According to UnivDatos Market Insights (UMI)’ research report “Direct Methanol Fuel Cells Market”, the market is expected to witness a CAGR growth of around 16% during the forecast period 2021-2027F. The Global Direct Methanol Fuel Cells Market is experiencing significant growth due to the increased awareness about clean energy and demand for zero-emission energy sources. Furthermore, stringent environmental regulations would act as a catalyst in driving the demand in this market, as the regulations would likely compel countries to shift their primary energy mix towards cleaner fuels, such as fuel cells. Rapidly growing personal electronic product consumption and the need for longer battery life and higher performance are projected to bolster the direct methanol fuel cell market.

Based on component, the market is bifurcated into Electrode, Membrane, Balance of System, and Balance of Stack. Among these, the electrode category to hold a 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.

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On the basis of 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.

Asia-Pacific Dominated the Market in 2020

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 for the industry, 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.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Direct Methanol Fuel Cells market are 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.

§ In February 2021, SFC Energy AG completed a smart city project in Itanagar, India with its Indian partner FC TecNrgy Pvt Ltd. For this, SFC Energy delivered 30 EFOY Pro 2400 fuel cells.

“Direct Methanol Fuel Cells Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Component (Electrode, Membrane, Balance of System, and Balance of Stack)

2. By Application (Portable, Stationary, and Transportation)

3. By Region (North America, Europe, Asia-Pacific, Rest of World)

4. By Company (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)

Key questions answered in the study:

1. What are the current and future trends of the Direct Methanol Fuel Cells industry?

2. How the industry has been evolving in terms of voltage level and end-user segment?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the Direct Methanol Fuel Cells industry?

5. What is the customer orientation, purchase behavior, and expectations from the Direct Methanol Fuel Cells product suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 DIRECT METHANOL FUEL CELLS MARKET COVID-19 IMPACT

6 DIRECT METHANOL FUEL CELLS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY COMPONENT

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY REGION

10 DIRECT METHANOL FUEL CELLS MARKET DYNAMICS

11 DIRECT METHANOL FUEL CELLS MARKET OPPORTUNITIES