Market Synopsis, Direct methanol fuel cells (DMFC) are electrochemical energy conversion devices that convert the chemical energy of liquid methanol into electrical energy. DMFCs are used as an alternative to internal combustion engine (ICE) technology as they offer numerous benefits, including low or even zero emissions. They offer various advantages such as eliminating the requirement for fuel reforming and hydrogen storage and using a liquid fuel for power. DMFCs are ideal for small commercial vehicles such as forklifts and tuggers and consumer goods such as mobile phones, digital cameras, or laptops. They are increasingly being used in military applications due to features such as low noise and thermal signatures and no toxic effluents., The factors driving industrialization in these countries are increase in the demand for clean energy, investments in fuel cell development, high energy density of DMFC, and reduction in emission of harmful gases from the manufacturing and automotive industries. Fuel cells have various advantages over conventional energy sources, such as internal combustion engines and batteries, including zero pollution, low temperature of fuel cells, and higher efficiency as compared to diesel or gas engines. Some of the major fuel cell technologies being developed globally include hydrogen, solid oxide, phosphoric acid, and direct methanol fuel cells. In 1969, a hydrogen fuel cell was used in the Apollo moon mission for generating water and heat for the astronauts. However, the adoption of the technology remains very costly, and, hence, the growth of the global fuel cell market has been slow., However, in recent years, due to the rising impact of emissions on the environment, government organizations and numerous companies have been investing heavily in the fuel cell technology to develop technologically and financially viable fuel cells. For instance, in May 2019, the Chinese government invested USD 296.42 million in Shouhang Ihw Resources Saving Technology Co., Ltd to set up three hydrogen plants an

Market Synopsis

Direct methanol fuel cells (DMFC) are electrochemical energy conversion devices that convert the chemical energy of liquid methanol into electrical energy. DMFCs are used as an alternative to internal combustion engine (ICE) technology as they offer numerous benefits, including low or even zero emissions. They offer various advantages such as eliminating the requirement for fuel reforming and hydrogen storage and using a liquid fuel for power. DMFCs are ideal for small commercial vehicles such as forklifts and tuggers and consumer goods such as mobile phones, digital cameras, or laptops. They are increasingly being used in military applications due to features such as low noise and thermal signatures and no toxic effluents.

The factors driving industrialization in these countries are increase in the demand for clean energy, investments in fuel cell development, high energy density of DMFC, and reduction in emission of harmful gases from the manufacturing and automotive industries. Fuel cells have various advantages over conventional energy sources, such as internal combustion engines and batteries, including zero pollution, low temperature of fuel cells, and higher efficiency as compared to diesel or gas engines. Some of the major fuel cell technologies being developed globally include hydrogen, solid oxide, phosphoric acid, and direct methanol fuel cells. In 1969, a hydrogen fuel cell was used in the Apollo moon mission for generating water and heat for the astronauts. However, the adoption of the technology remains very costly, and, hence, the growth of the global fuel cell market has been slow.

However, in recent years, due to the rising impact of emissions on the environment, government organizations and numerous companies have been investing heavily in the fuel cell technology to develop technologically and financially viable fuel cells. For instance, in May 2019, the Chinese government invested USD 296.42 million in Shouhang Ihw Resources Saving Technology Co., Ltd to set up three hydrogen plants and approximately ten hydrogen stations for vehicles in the city of Datong, China. Furthermore, in December 2018, Hyundai Motor Corporation (South Korea) announced that it would be investing about USD 6.7 billion to increase its production of fuel cells by about 200 times by the year 2030. Such factors will have a substantial impact on the growth of the market during the forecast period. Moreover, research collaborations act as an opportunity for the DMFC market. DFMC manufacturers are planning to collaborate with research organizations or teams to successfully increase the efficiency of the fuel cell. For instance, in April 2018, Gumpert Aiways Automobile GmbH (Germany) presented a DMFC-powered supercar at the Beijing Motor Show 2018. The supercar was made in collaboration with Ser Energy AS (Denmark). These collaborations help key players to develop their DMFC technology and make it available for commercial use.

Segmentation: Global Direct Methanol Fuel Cell (DMFC) Market



The global direct methanol fuel cell (DMFC) market is segmented based on type, component, application, power output, and region. Based on type, the global market has been segmented into electrode, membrane, balance of system, and balance of stack. On the basis of component, the global market has been divided into serpentine flow field design and parallel flow field design. Based on application, the global market has been segmented into, portable, stationary, and transportation. Based on power output, the global market has been segmented into less than 1KW, 1KW – 5KW, and above 5KW.

Geographically, the global direct methanol fuel cell (DMFC) market has been segmented into five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific is estimated to hold the major market share during the forecast period, owing to the increase in energy demand due to the growing population and per capita provides a vast market potential for the growth of clean energy in the region. As per the International Renewable Energy Agency (IRENA), Asia-Pacific accounts the two-thirds of the rise in renewable energy installation capacity in 2017. The increasing demand for clean energy and the development in the fuel cell industry drives the growth of DMFCs in Asia-Pacific. In India, as per the ministry of new and renewable energy (MNRE), India, the country aims to achieve 40% of its total energy generation from clean energy by 2030. As per MNRE report 2016, the Government of India has also set up the target to develop DMFCs in three phases: Phase I (2016–2018) to develop up to 0.1 KW DMFC; Phase II (2019–2020) to develop up to 0.25 KW DMFC; and Phase III (2021–2022) to develop up to 1KW DMFCs.

Prominent Players

The Prominent Players in the global direct methanol fuel cell (DMFC) market are SFC Energy AG (Germany), Oorja Corporation (US), Pro-Power Co Ltd (South Korea), Antig Technology Co Ltd (Taiwan), Fujikura Ltd (Japan), Siqens GmbH (Germany), and Viaspace (US).

The report for global direct methanol fuel cell (DMFC) market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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