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Direct Methanol Fuel Cells (DMFC) Market Scenario 2020 Robust Expansion by Top Manufacturers, Growth Insights, Business Strategies, Scope, Revenue and Forecast 2024

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Direct Methanol Fuel Cells (DMFC) Market Scenario 2020 Robust Expansion by Top Manufacturers, Growth Insights, Business Strategies, Scope, Revenue and Forecast 2024

November 06
14:31 2020
Direct Methanol Fuel Cells (DMFC) Market Scenario 2020 Robust Expansion by Top Manufacturers, Growth Insights, Business Strategies, Scope, Revenue and Forecast 2024

Direct Methanol Fuel Cell (DMFC) Market
Global Direct Methanol Fuel Cell (DMFC) Market Research Report: Information by Component (Electrode, Membrane, Balance of System and Balance of Stack), Type (Serpentine Flow Field Design and Parallel Flow Field Design), Application (Portable, Stationary and Transportation), Power Output (Less than 1KW, 1KW –5KW and Above 5 KW) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Industry Analysis and Forecast till 2024

Global Direct Methanol Fuel Cells (DMFC) Market – Overview

Direct methanol fuel cells (DMFCs) are a type of proton-exchange fuel cells which converts the chemical energy of liquid methanol into electrical energy. Advances in DMFCs due to being produced using polymer electrolyte membrane (PEM) due to their simple construction and low-temperature operation are likely to drive its demand in alternative energy.

The global Direct Methanol Fuel Cells Market report by Market Research Future (MRFR) contains a tabular and graphical schematic of drivers, challenges, opportunities, and trends for the period of 2019 to 2024 (forecast period). The implications of the COVID-19 pandemic on the industry are noted in the report. The global direct methanol fuel cells market is projected to exhibit 15.28% CAGR over the forecast period.

Competitive Outlook:

Fujikura Ltd, Antig Technology Co Ltd, Viaspace, Pro-Power Co Ltd, SFC Energy AG, Siqens GmbH, and Oorja Corporation are key players of the global DMFC market.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7116

Market Scope:

The use of DMFCs in digital cameras, mobile phones, tuggers, and forklifts owing to low noise and thermal effluents is expected to drive market demand exponentially. The huge demand for clean energy due to rapid industrialization, developments in fuel cells, and reduction in carbon emissions can favor the market over the forecast period. In 2019, the Chinese government cooperated with Shouhang Ihw Resources Saving Technology Co Ltd for setting up hydrogen plants and hydrogen stations and developing hydrogen-based fuel cells. Its advantages of zero pollution, low temperature, and higher efficiency can influence demand.

Direct Methanol Fuel Cells Market Segmental Analysis:

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, balance of system, membrane, 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 stationary, portable, and transportation.

Based on power output, the global market has been segmented into less than 1KW, 1KW – 5KW, and above 5KW.

Regional Analysis:

Geographically, the global Direct Methanol Fuel Cell Industry has been segmented into five major regions, namely North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

APAC is estimated to hold major market share during the forecast period owing to the increase in energy demand due to the growing population and per capita. As per the International Renewable Energy Agency (IRENA), the region accounts the two-thirds of the rise in renewable energy installation capacity in 2017. The increasing demand for clean energy and investments via partnerships between governments and private companies 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. The huge demand for larger battery capacity and procurement of consumer electronic products can bode well for the market.

North America is expected to dominate the market owing to demand for clean energy and efforts for commercialization of fuel cells. Government grants for fuel cell research and use of cheap metals are likely to fuel market demand in the region.

Get Complete Direct Methanol Fuel Cells Market Report Details at: https://www.marketresearchfuture.com/reports/direct-methanol-fuel-cells-market-7116

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
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Website: https://www.marketresearchfuture.com/reports/direct-methanol-fuel-cells-market-7116


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