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Direct Methanol Fuel Cell Market Trends

Report ID: GMI7883
Published Date: Jan 2024
Report Format: PDF

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Direct Methanol Fuel Cell Market Trends

Large scale utilization across consumer electronic devices including mobile phones, laptops and other consumer electronics coupled with ability to provide power across remote or off-grid locations, where traditional power sources might be impractical is set to drive the business scenario. Successful demonstration projects across specific niche markets and ongoing efforts to commercialize DMFCs for various applications. Moreover, research and development efforts focused on addressing the challenges including methanol crossover, catalyst degradation, and membrane durability to enhance the overall performance and reliability of DMFCs, will sway the business trends.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of direct methanol fuel cell was worth over USD 128 million in 2023 and is expected to reach 465 million by 2032, owing to large scale utilization across portable power applications along with ongoing R&D activities worldwide.

The balance of stacks component segment in the direct methanol fuel cell industry is expected to register over 15% CAGR from 2024 to 2032, owing to their ability to optimize the overall system and enhance the efficiency, durability, and reliability.

Asia Pacific direct methanol fuel cell market is expected to register over 9% CAGR from 2024 to 2032, due to the economies comprising Japan and South Korea, showing keen interest in fuel cell technologies, including DMFCs in the region.

Antig Technology Co. Ltd., Treadstone Technologies Inc., Oorja Protonics, Blue World Technologies, Panasonic Corporation, Toshiba Energy Systems & Solutions Corporation, Advent Technologies, and Roland Gumpertare are some of the major direct methanol fuel cell companies worldwide.