About Direct Methanol Fuel Cell
Direct methanol fuel cell is an electrochemical energy conversion device that generates electricity based on the oxidation of methanol and the reduction of oxygen. This cell converts the chemical energy of a reaction directly into electrical energy.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Direct Methanol Fuel Cell market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Antig Technology Company Ltd. (Taiwan), Viaspace Inc. (United States), Fujikura Ltd. (Japan), Panasonic Corporation (Japan), Samsung SDI Co. Ltd. (South Korea), Neah Power Systems Inc. (United States), Sharp Corporation (Japan), Toshiba Corporation (Japan), DuPont Fuel Cell (United States) and Hitachi Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Oorja Protonics Inc. (United States), MTI Micro Fuel cell Inc. (United States), Polyfuel Inc. (United States) and SFC Energy Ltd. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Direct Methanol Fuel Cell market by , Application (Stationary Applications, Portable Applications and Transportation Applications) and Region.
On the basis of geography, the market of Direct Methanol Fuel Cell has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Direct Methanol Fuel Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Electronics will boost the Direct Methanol Fuel Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Less Than 1 kW will boost the Direct Methanol Fuel Cell market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand from Automobile Industry
Market Growth Drivers:
Rise in the Demand for Clean Energy and Low Temperature and Higher Efficiency
Challenges:
Technical Limitations Associated with Direct Methanol Fuel Cells
Restraints:
High Cost of the Direct Methanol Fuel Cells and High Research and Development Investment
Opportunities:
Favorable Government Rules and Regulations and Increasing Research and Development Investments by the Manufacturers
Market Leaders and their expansionary development strategies
Recently, Samsung SDI Co. Ltd., a global leader in energy solutions and electronic materials, has acquired the battery pack business of Magna International, a leading global automotive supplier.
In July 2023, Brunnthal/Munich, a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, has launched the manufacturing of hydrogen and methanol fuel cells at its New Delhi/Gurgaon site in India in the presence of Federal Minister Dr Robert Habeck. Together with the long-standing Indian partner FCTecNrgy Pvt Ltd (“FCT”), the production facility was built and handed over in just six months.
Key Target Audience
Direct Methanol Fuel Cell Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyer, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.