The global direct methanol fuel cell market size was valued at USD 165.9 million in 2021 and is poised to grow at a significant CAGR of 14.5% during the forecast period 2022-28. Direct methanol fuel cell is expected to drive market growth. Compared to combustion engines or gas turbine engines due to DMFCs run without any components, resulting in silent operation. Furthermore, there are fewer moving components, little mechanical friction, resulting in less wear and tear and lower maintenance. The lesser maintenance of technology results in application downtime and operating costs, resulting in more money saved in the long run, which has attracted the attention of users in adopting direct methanol fuel cell.

 

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The Portable Segment is Dominating the Direct Methanol Fuel Cell Market

Based on the application, the market is segmented into portable and stationary transportation which the portable segment is anticipated to boost the segment owing to portable fuel cells that can supply backup energy from eight hours to three days, depending on the need. The backup energy will continue if the gasoline is delivered on schedule. Portable fuel cells use relatively minimal space and may be fitted into various devices, including freezers. In traditional batteries, overheating causes problems, and this problem is handled by portable fuel cells, which are known to work at lower temperatures than ordinary batteries. Portable fuel cells use relatively minimal space and may be fitted into various devices, including freezers. In traditional batteries, overheating causes problems, and this problem is handled by portable fuel cells, which are known to work at lower temperatures than ordinary batteries. Moreover, companies are providing addition feature to their product to grow in to the market. For instance, Panasonic Promises Laptop Fuel Cell With 20-Hour Battery Life.

The global direct methanol fuel cell market segmentation:

  • By Basis of Application: Portable, Stationary, Transportation
  • By Basis of Component: Electrode, Membrane, Balance of System, Balance of Stack

Asia Pacific Leads Direct Methanol Fuel Cell Market

Asia Pacific is expected to hold significant market share in the global direct methanol fuel cell market and is projected to grow at a prominent growth rate over the forecast years. Countries in the Asia Pacific are investing in clean energy technologies to reduce reliance on fossil fuels and attain carbon neutrality in the future is expected to enhance the market landscape across the region. To decarbonize their energy systems, Australia and Japan signed a cooperation declaration in 2020. Furthermore, Roland Gumpert and Chinese electric mobility player Aiways' joint company Gumpert Airways has announced the production of Nathalie, the methanol-powered fuel cell sports coupe.

 

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Key player’s profiles in the direct methanol fuel cell market report Antig Technology Co. Ltd., Fujikura Ltd., Hitachi Ltd., Oorja Corporation, Panasonic Corporation, Polyfuel Inc., Samsung SDI Co., Ltd, SFC Energy AG, Sharp Corporation, Toshiba Corporation, UltraCell LLC, Viaspace, Inc., XNRGI, Inc.

 

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