Direct Methanol Fuel Cell Market size is estimated to be valued at USD 165.9 Million in 2021 and is poised to grow at a significant CAGR of 14.5% over 2022-2028. The direct methanol fuel cell (DMFC) is a popular technology that creates electricity by burning methanol. Methanol's high energy density makes it simple to transport and supply as needed. In most cases, it is combined with water and fed to the catalytic components. DMFC is used to power mobile, stationary, and transportation applications. Mobile phones, computers, laptop, and other electronic devices are also important areas of use for technology. The DMFC was designed to address the hydrogen fuel storage dilemma while also removing the reformer used to convert methanol to hydrogen. It is also known as a Proton Exchange Membrane Fuel Cell (PEMFC) since it employs a PEM membrane. However, additional catalysts, such as Ruthenium (Ru), must be used in addition to platinum to break the methanol bond in an anodic process. The DMFC is a proton-exchange fuel cell subclass that employs methanol as its primary fuel. Its key benefit is methanol's simple transportation and stability under all atmospheric conditions.The Portable segment anticipated to grow at significant CAGR over the forecast years owing to the portable applications essentially comprise client devices like PCs, tablets, mobile phones, and cameras because of advantages like lengthy length and clean electric power age in various off-network conditions. A handy energy unit is also used in battery chargers and lighting. It is also used in military applications. However, its market is limited since power modules are expected in small quantities. Rapid development and the desire for electricity necessitate the efficient use of energy resources. This has resulted in a trend toward the acceptance of clean, discharge-free energy supplies, such as power aging employing power modules. The portable segment is expected to be driven by the expansion of consumer electronics, which includes mammography workstations, tablets, and mobiles, during the projected period. The increasing need for clean energy, increasing expenditures in fuel cell development, and accessibility of transport and storage are some of the primary reasons driving the growth of the DMFC market. Moreover, increasing technical innovation, research partnerships, and portable applications are also expected to drive market expansion.
Fastest Growing Market
The increased number of regulations implemented by governments worldwide to safeguard the environment and limit carbon emissions has aided the expansion of the direct menthol fuel cell industry. Furthermore, increased demand for zero carbon emissions and rising knowledge about the availability and advantages of using clean energy are driving the development of the global direct menthol fuel cell market from 2022 to 2031. Furthermore, the growing need to replace diesel-powered IC engines and batteries is driving the adoption of solutions in the global Direct menthol fuel cell market as a potential replacement. For instance, in October 2021 â€“ the Blue World Technologies collaborated with DEUTZ AG. The alliance will allow Blue World Technologies to access its direct methanol fuel cell market through DEUTZâ€™s sales and service network.
The direct methanol fuel cell market is projected to expand at a CAGR of 14.5% during the forecast period
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.
North America is the fastest-growing region for direct methanol fuel cell market