This market research information presents a comprehensive segmentation of the global DMFC market by application (transportation, stationary, and portable) and by geography (Americas, APAC, and EMEA). It also provides a detailed analysis of the key vendors and their market shares, including Direct Methanol Fuel Cell Corp, Hitachi, Oorja Protonics and SFC Energy.
Technavio’s market research analysts estimate the global DMFC market, to grow at a CAGR of 40% by 2020. The growing power requirement of portable devices has led to the commercialization of DMFC technology. Besides high energy density, DMFC offers benefits such as quiet operation, extended battery run time, reduced fuel and battery usage, and low operating temperature. EMEA is the largest revenue-contributing region in the DMFC market, owing to its interest in reducing its dependency on fossil fuels and increasing its renewable share in the total energy mix.
The new market research report from Technavio provides a breakdown and analysis of the s DMFC segments by technology.
“One of the key trends upcoming in this market is the growing use of DMFC as hybrids. Hybrid DMFC has a substantial advantage over pure battery devices in terms of extended runtimes. Such DMFCs are available for a longer period of operation, improve the productivity, minimise operating costs, and provide grid independence. For instance, Oorja Protonics’ Model 3 act as a battery charger and the fuel cell keeps the battery at a higher charged state,” says Vishu R., Lead Analyst, Energy, Technavio Research.
The portable sector is the largest end-user of DMFC, accounting for 82% of the total market share. DMFC is an ideal technology for portable energy applications because of its ability to operate at low temperatures, its high density and the use of methanol as a fuel enables rapid refilling. The military sector is the emerging area for DMFC applications in terms of portable power
The leading vendors in the global DMFC market are Direct Methanol Fuel Cell Corp, Hitachi, Oorja Protonics and SFC Energy. The market is concentrated among few vendors who develop DMFC products for stationary and portable power. New players are expecetd to enter this market in the coming years owing to great market potential and competing technologies such as batteries.
A more detailed analysis is available in the Technavio report, Global DMFC Market 2016-2020.
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