Direct Methanol Fuel Cells Market (DMFC) by Application (Portable, Stationary, & Transportation), by Component (Electrode, Membrane, Balance of System, & Balance of Stack), & by Region -Global Forecast to 2020

Date: 2016-02

““Growing demand for clean energy is expected to drive the direct methanol fuel cells market at a CAGR of 15.3% during the forecast period”
The Direct Methanol Fuel Cells (DMFC) market is expected to reach a size of USD 188.82 million by 2020, at a CAGR of 15.3% from 2015 to 2020. The demand for DMFCs is being spurred by continuous investments for R&D programs, along with government initiatives in the form of public–private partnerships. Furthermore, methanol is relatively easier to transport and store as compared to hydrogen since it is stable and denser at all environmental conditions. These factors are fueling the growth of the DMFC market.
“DMFCs designed for portable applications are expected to witness the highest growth in the market”
The growth of the DMFC market in portable applications is primarily due to the usage of high energy density fuel, methanol, which is a potential replacement for lithium ion/nickel cadmium batteries. However, factors such as high capital costs and methanol crossover are restraining the growth of this market.
“Asia-Pacific is expected to lead the global DMFC market, in terms of growth rate, followed by North America”
Japan and South Korea are the largest markets for fuel cells in Asia-Pacific. These countries are investing significantly in fuel cell technologies, including DMFC. The Japanese government is investing in fuel cell technology, which will power the 2020 Olympics in Tokyo. Other countries, such as Singapore, India, Indonesia, and Malaysia, have started or are expected to start exclusive programs to promote DMFCs in regional markets. These countries are currently focusing on back-up power (stationary application) fuel cells. India is expected to invest in fuel cell systems that will provide back-up power for telecommunication towers during the forecast period.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows
By Company Type: Tier 1- 15%, Tier2-35%, and Tier 3-50%
By Designation: C-Level-25%, Manager Level-30%, and Others*-45%
By Region: Asia-Pacific-43%, North America-25%, Europe-15%, and RoW-17%
Note1: *Others include sales managers, marketing managers, and product engineers
Note2: The tier of companies has been defined on the basis of their total revenue, as of 2014: Tier 1 = >USD 1 billion, Tier 2 = USD 50 million to USD 1 billion, and Tier 3 =

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