Direct Methanol Fuel Cell Market is expected to rise at a remarkable CAGR By 2024

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Direct Methanol Fuel Cell Market - Global
Industry Size, Share, Trends, Analysis,
and Forecasts 2016 - 2024
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REPORT DESCRIPTION
Global Direct Methanol Fuel Cell Market: Description
Significant rise in research and development efforts in the past few decades has enabled excellent progress in the field of
fuel cells, the electrochemical devices that convert the energy of a chemical reaction directly to electrical energy, with
virtually no pollution. In this sector, direct methanol fuel cells (DMFC) have emerged as a viable candidate capable of
replacing many fuel cell technologies across a vast number of applications.
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The DMFC technology is considered a breakthrough invention for portable energy delivery, which can be effectively used
in portable mobile devices such as smartphones and tablets. Longer working durations and higher energy densities of
DFMCs as compared to conventional batteries and the mounting use of mobile devices are some factors that are expected
to help fuel the demand for DMFCs globally. Looking at the ongoing development in the DMFC industry, direct methanol
fuel cells are expected to witness decline in costs and become competitive with thin film batteries in the next few years.
The overview section of the global methanol fuel cell market examines details such as market drivers, restraints,
competitive landscape, opportunities, and key trends of the present as well as the past years. Porter’s five forces model
has been used to explain the competitive landscape of the market and study the feasibility of new projects. Detailed
business profiles of some of the key vendors operating in the market are included, with thorough details regarding their
recent activities, product portfolios, contact details, revenues, and other essential details.
Global Direct Methanol Fuel Cell Market: Overview
The global market for direct methanol fuel cells holds excellent promise of growth in the next few years. Volume-wise, the
market is projected to reach 92,000 units by 2016. Growth in the market will be driven chiefly by the vast rise in the
consumer base of portable electronics devices and the increasing demand for longer-lasting power supplies. Stringent
environment sustenance-related regulations that require a reduction in emissions of harmful gases from manufacturing
industries and automobiles are also expected to drive the global consumption of direct methanol fuel cell and increase the
number of applications where these cells are used.
The report examines the market for direct methanol fuel cells across geographies such as North America, Europe, Asia
Pacific, and the Middle East and Africa. Asia Pacific is presently the leading regional market, accounting for a share of 38%
of the global market, trailed by North America, which commands a share of over 35% of the market.
Some of the key applications of direct methanol fuel cells examined in the report are across portable electronic devices,
transport, and stationary applications such as power storage. In the next few years, transportation is expected to emerge
as a key application sector of direct methanol fuel cells.
Global Direct Methanol Fuel Cell Market: Key Players
Some of the key vendors operating in the global direct methanol fuel cell market are Antig Technology Co. Ltd., Viaspace
Inc., Neah Power Systems Inc., Cmr Fuel Cells Plc, Polyfuel Inc., Oorja Protonics Inc., Samsung Sdi Co. Ltd., Toshiba Corp.,
Dupont Fuel Cell, Idatech Llc, Fujikura Ltd., Ultracell Corp., Panasonic Corp., and Mti Micro Fuel Cells Inc.
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Global Direct Methanol Fuel Cell Market: Description Significant rise in research and development efforts in the past few decades has enabled excellent progress in the field of fuel cells, the electrochemical devices that convert the energy of a chemical reaction directly to electrical energy, with virtually no pollution. In this sector, direct methanol fuel cells (DMFC) have emerged as a viable candidate capable of replacing many fuel cell technologies across a vast number of applications. Download Free Research Report Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=366