TechNavio recognizes the following companies as the key players in the Global Direct Methanol Fuel Cell (DMFC) Market: Ballard Power Systems Inc., E. I. du Pont de Nemours and Co., SFC Energy AG, and Toshiba Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Over the years, there has been a tremendous increase in the number of technological advancements, which has led to a subsequent growth in the usage of DMFCs in various electronics devices. These technological advancements can be used to address the technical limitations of DMFCs by bringing down the fuel crossover and oxidation reduction. Significant developments have been made to increase the system energy densities. With the increase in energy density, the lifespan and performance of DMFCs will also increase, thereby enabling the usage of DMFCs in many portable applications. Currently, lithium-based batteries are mainly used in portable applications. However, due to the rapid technological advancements, lithium-based batteries are likely to be replaced with DMFCs in the next few years. Thus, the rapid technological advancements is a new trend that is expected to have a positive impact on the market during the forecast period.”
According to the report, one of the major drivers in this market is the high energy density of DMFCs. One of the major advantages of DMFCs is that they use methanol as a fuel. Methanol has a high energy density and can store energy for a longer period of time. Hence, DMFCs are an ideal choice for use in consumer electronic goods such as mobile phones, PCs, cameras, and laptops.
Further, the report states that one of the major challenges in this market is the high cost of DMFC components. One of the major components used in DMFCs is platinum and platinum-based alloys. The high cost of these components increases the overall cost of DMFCs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-direct-methanol-fuel-cell-dmfc-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Direct Methanol Fuel Cell (DMFC) Market 2014-2018
