““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 =
“TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
3.1 INTRODUCTION 27
3.1.1 HISTORICAL BACKDROP 27
3.2 CURRENT SCENARIO 27
3.3 FUTURE OUTLOOK 28
3.4 CONCLUSION 31
4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES 32
4.2 STATIONARY DIRECT METHANOL FUEL CELLS ARE EXPECTED TO DOMINATE IN
THE FORECAST PERIOD 33
4.3 ASIA-PACIFIC HELD THE LARGEST MARKET SHARE IN DIRECT METHANOL FUEL CELLS MARKET IN 2015 34
4.4 ASIA-PACIFIC, THE LARGEST DIRECT METHANOL FUEL CELLS MARKET IN 2014 35
4.5 DIRECT METHANOL FUEL CELLS MARKET: BY APPLICATION 36
4.6 PORTABLE DIRECT METHANOL FUEL CELLS MARKET IS EXPECTED TO GROW AT
THE FASTEST PACE DURING 2015-2020 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 BY APPLICATION 39
5.2.1.1 Portable 39
5.2.1.2 Stationary 39
5.2.1.3 Transportation 39
5.2.2 BY COMPONENT 40
5.2.2.1 Electrodes 40
5.2.2.2 Membranes 40
5.2.2.3 Balance of stack 40
5.2.2.3.1 Gas diffusion layer 40
5.2.2.3.2 Bipolar plate 40
5.2.2.4 Balance of system 40
5.2.2.4.1 Fuel system 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 42
5.3.1.1 Increasing demand for clean energy 42
5.3.1.2 High investments in fuel cell development 43
5.3.1.3 Ease of transport & storage 43
5.3.1.4 High energy density of direct methanol fuel cells 44
5.3.1.5 More reliable than internal combustion engines 44
5.3.2 RESTRAINTS 45
5.3.2.1 Methanol crossover & low efficiency 45
5.3.2.2 Low oil prices 45
5.3.2.3 Expensive catalyst 45
5.3.3 OPPORTUNITIES 45
5.3.3.1 Technological innovation 45
5.3.3.2 Research collaborations 45
5.3.3.3 Portable applications 46
5.3.4 CHALLENGES 46
5.3.4.1 Competition from existing technologies 46
5.3.4.2 Lack of infrastructure for DMFC vehicles 46
5.4 IMPACT OF MARKET DYNAMICS 47
5.5 BURNING ISSUES 48
5.5.1 LOW DURABILITY 48
5.6 SUPPLY CHAIN ANALYSIS 48
5.7 PORTER’S FIVE FORCES ANALYSIS 49
5.7.1 THREAT OF NEW ENTRANTS 50
5.7.2 THREAT OF SUBSTITUTES 50
5.7.3 BARGAINING POWER OF BUYERS 50
5.7.4 BARGAINING POWER OF SUPPLIERS 51
5.7.5 INTENTSITY OF COMPETITIVE RIVALRY 51
6 DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION 52
6.1 INTRODUCTION 53
6.2 PORTABLE DIRECT METHANOL FUEL CELLS MARKET 55
6.2.1 BY REGION 55
6.2.2 BY COMPONENT 57
6.3 STATIONARY DIRECT METHANOL FUEL CELLS MARKET 57
6.3.1 BY REGION 57
6.3.2 BY COMPONENT 59
6.4 TRANSPORTATION DIRECT METHANOL FUEL CELLS MARKET 59
6.4.1 BY REGION 59
6.4.2 BY COMPONENT 61
7 DIRECT METHANOL FUEL CELLS MARKET, BY COMPONENT 62
7.1 INTRODUCTION 63
7.2 DIRECT METHANOL FUEL CELLS ELECTRODE MARKET 64
7.2.1 BY APPLICATION 64
7.3 DIRECT METHANOL FUEL CELLS MEMBRANE MARKET 65
7.3.1 BY APPLICATION 65
7.4 DIRECT METHANOL FUEL CELLS BALANCE OF SYSTEM MARKET 65
7.4.1 BY APPLICATION 65
7.5 DIRECT METHANOL FUEL CELLS BALANCE OF STACK MARKET 66
7.5.1 BY APPLICATION 66
8 DIRECT METHANOL FUEL CELLS MARKET, BY REGION 67
8.1 INTRODUCTION 68
8.2 ASIA-PACIFIC 71
8.3 NORTH AMERICA 73
8.4 EUROPE 75
8.5 REST OF THE WORLD 76
9 FUEL CELL TECHNOLOGY MARKET, BY TYPE 78
9.1 INTRODUCTION 79
9.2 POLYMER/PROTON EXCHANGE MEMBRANE FUEL CELLS (PEMFC) 82
9.3 MOLTEN CARBONATE FUEL CELLS (MCFC) 83
9.4 SOLID OXIDE FUEL CELLS (SOFC) 85
9.5 PHOSPHORIC ACID FUEL CELLS (PAFC) 86
9.6 OTHERS 88
9.7 BY REGION 89
9.7.1 INTRODUCTION 89
9.7.2 ASIA-PACIFIC 91
9.7.3 NORTH AMERICA 93
9.7.4 EUROPE 95
9.7.5 REST OF THE WORLD 97
10 COMPETITIVE LANDSCAPE 99
10.1 OVERVIEW 100
10.2 COMPETITIVE SITUATION & TRENDS 101
10.2.1 CONTRACTS & AGREEMENTS 103
10.2.2 NEW PRODUCT/TECHNOLOGY DEVELOPMENTS 104
10.2.3 MERGERS & ACQUISITIONS 104
10.2.4 EXPANSIONS 105
10.2.5 OTHER DEVELOPMENTS 106
11 COMPANY PROFILES 107
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 INTRODUCTION 107
11.2 SFC ENERGY AG 108
11.3 BALLARD POWER SYSTEMS INC. 116
11.4 OORJA PROTONICS INC. 121
11.5 HORIZON FUEL CELL TECHNOLOGIES 125
11.6 MEOH POWER, INC. 128
11.7 BREN-TRONICS INCORPORATED 129
11.8 TREADSTONE TECHNOLOGIES INC. 131
11.9 VIASPACE INC. 132
11.10 E. I. DU PONT DE NEMOURS AND COMPANY 133
11.11 IRD FUEL CELL A/S 135
11.12 JOHNSON MATTHEY 137
11.13 FUJIKURA LIMITED 139
11.14 ANTIG TECHNOLOGY CO. LTD. 141
11.15 SAMSUNG SDI 142
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
12 APPENDIX 144
12.1 INSIGHTS OF INDUSTRY EXPERTS 144
12.2 DISCUSSION GUIDE 145
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 149
12.4 AVAILABLE CUSTOMIZATIONS 150
12.5 RELATED REPORTS 150
“
“LIST OF TABLES
TABLE 1 COMPARISON BETWEEN OPERATING PARAMETERS OF DIFFERENT FUEL CELLS 46
TABLE 2 FUEL CELLS: OPERATING PARAMETERS 48
TABLE 3 DIRECT METHANOL FUEL CELLS MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 54
TABLE 4 DIRECT METHANOL FUEL CELLS MARKET SIZE, BY APPLICATION, 2013-2020 (KW) 54
TABLE 5 DIRECT METHANOL FUEL CELLS MARKET SIZE, BY APPLICATION,
2013-2020 (UNITS SHIPPED) 54
TABLE 6 PORTABLE DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 55
TABLE 7 PORTABLE DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (KW) 56
TABLE 8 PORTABLE DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (UNITS SHIPPED) 56
TABLE 9 PORTABLE DIRECT METHANOL FUEL CELLS MARKET SIZE, BY COMPONENT,
2013-2020 (USD MILLION) 57
TABLE 10 STATIONARY DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 57
TABLE 11 STATIONARY DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (KW) 58
TABLE 12 STATIONARY DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (UNITS SHIPPED) 58
TABLE 13 STATIONARY DIRECT METHANOL FUEL CELLS MARKET SIZE, BY COMPONENT,
2013-2020 (USD MILLION) 59
TABLE 14 TRANSPORTATION DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 59
TABLE 15 TRANSPORTATION DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (KW) 60
TABLE 16 TRANSPORTATION DIRECT METHANOL FUEL CELLS MARKET SIZE, BY REGION,
2013-2020 (UNITS SHIPPED) 60
TABLE 17 TRANSPORTATION DIRECT METHANOL FUEL CELLS MARKET SIZE, BY COMPONENT, 2013-2020 (USD MILLION) 61
TABLE 18 DIRECT METHANOL FUEL CELLS MARKET SIZE, BY COMPONENT,
2013-2020 (USD MILLION) 64
TABLE 19 DIRECT METHANOL FUEL CELLS ELECTRODE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 64
TABLE 20 DIRECT METHANOL FUEL CELLS MEMBRANE MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 65
TABLE 21 DIRECT METHANOL FUEL CELLS BALANCE OF SYSTEM MARKET SIZE,
BY APPLICATION, 2013-2020 (USD MILLION) 66
TABLE 22 DIRECT METHANOL FUEL CELLS BALANCE OF STACK MARKET SIZE,
BY APPLICATION, 2013-2020 (USD MILLION) 66
TABLE 23 DIRECT METHANOL FUEL CELLS MARKET, BY REGION, 2013–2020 (USD MILLION) 69
TABLE 24 DIRECT METHANOL FUEL CELLS MARKET, BY REGION, 2013–2020 (KW) 70
TABLE 25 DIRECT METHANOL FUEL CELLS MARKET, BY REGION,
2013–2020 (UNITS SHIPPED) 70
TABLE 26 ASIA-PACIFIC: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (USD MILLION) 72
TABLE 27 ASIA-PACIFIC: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (KW) 72
TABLE 28 ASIA-PACIFIC: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (UNITS SHIPPED) 72
TABLE 29 NORTH AMERICA: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (USD MILLION) 74
TABLE 30 NORTH AMERICA: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (KW) 74
TABLE 31 NORTH AMERICA: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (UNITS SHIPPED) 74
TABLE 32 EUROPE: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (USD MILLION) 75
TABLE 33 EUROPE: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (KW) 75
TABLE 34 EUROPE: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION,
2013–2020 (UNITS SHIPPED) 76
TABLE 35 REST OF THE WORLD: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (USD MILLION) 76
TABLE 36 REST OF THE WORLD: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (KW) 77
TABLE 37 REST OF THE WORLD: DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2013–2020 (UNITS SHIPPED) 77
TABLE 38 FUEL CELL TYPE: PROS AND CONS 79
TABLE 39 FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 80
TABLE 40 FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE, 2013–2020 (MW) 81
TABLE 41 FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE, 2013–2020 (UNITS SHIPPED) 81
TABLE 42 POLYMER/PROTON EXCHANGE MEMBRANE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 82
TABLE 43 POLYMER/PROTON EXCHANGE MEMBRANE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (MW) 82
TABLE 44 POLYMER/PROTON EXCHANGE MEMBRANE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (UNITS SHIPPED) 83
TABLE 45 MOLTEN CARBONATE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 83
TABLE 46 MOLTEN CARBONATE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (MW) 84
TABLE 47 MOLTEN CARBONATE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (UNITS SHIPPED) 84
TABLE 48 SOLID OXIDE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 85
TABLE 49 SOLID OXIDE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (MW) 85
TABLE 50 SOLID OXIDE FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (UNITS SHIPPED) 86
TABLE 51 PHOSPHORIC ACID FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 86
TABLE 52 PHOSPHORIC ACID FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (MW) 87
TABLE 53 PHOSPHORIC ACID FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (UNITS SHIPPED) 87
TABLE 54 OTHER FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 88
TABLE 55 OTHER FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (MW) 88
TABLE 56 OTHER FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION,
2013–2020 (UNITS SHIPPED) 89
TABLE 57 FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 89
TABLE 58 FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (MW) 90
TABLE 59 FUEL CELL TECHNOLOGY MARKET SIZE, BY REGION, 2013–2020 (UNITS SHIPPED) 90
TABLE 60 ASIA-PACIFIC: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 91
TABLE 61 ASIA-PACIFIC: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE, 2013–2020 (MW) 92
TABLE 62 ASIA-PACIFIC: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (UNITS SHIPPED) 92
TABLE 63 NORTH AMERICA: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 93
TABLE 64 NORTH AMERICA: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (MW) 94
TABLE 65 NORTH AMERICA: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (UNITS SHIPPED) 94
TABLE 66 EUROPE: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 95
TABLE 67 EUROPE: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE, 2013–2020 (MW) 96
TABLE 68 EUROPE: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (UNITS SHIPPED) 96
TABLE 69 REST OF THE WORLD: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 97
TABLE 70 REST OF THE WORLD: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (MW) 98
TABLE 71 REST OF THE WORLD: FUEL CELL TECHNOLOGY MARKET SIZE, BY TYPE,
2013–2020 (UNITS SHIPPED) 98
TABLE 72 CONTRACTS & AGREEMENTS, 2015 103
TABLE 73 NEW PRODUCT DEVELOPMENTS, 2014-2015 104
TABLE 74 MERGERS & ACQUISITIONS, 2013-2015 104
TABLE 75 EXPANSIONS, 2014-2015 105
TABLE 76 OTHER DEVELOPMENTS, 2014-2015 106
TABLE 77 SFC ENERGY AG: PRODUCTS OFFERED 108
TABLE 78 BALLARD POWER SYSTEMS INC.: PRODUCTS OFFERED 116
TABLE 79 OORJA PROTONICS INC.: PRODUCTS OFFERED 121
TABLE 80 HORIZON FUEL CELL TECHNOLOGIES: PRODUCTS OFFERED 125
TABLE 81 MEOH POWER, INC.: PRODUCTS OFFERED 128
TABLE 82 BREN-TRONICS INCORPORATED: PRODUCTS OFFERED 129
TABLE 83 TREADSTONE TECHNOLOGIES INC.: PRODUCTS OFFERED 131
TABLE 84 VIASPACE INC.: PRODUCTS OFFERED 132
TABLE 85 E. I. DU PONT DE NEMOURS AND COMPANY: PRODUCTS OFFERED 134
TABLE 86 IRD FUEL CELL A/S: PRODUCTS & SERVICES OFFERED 135
TABLE 87 JOHNSON MATTHEY: PRODUCTS OFFERED 138
TABLE 88 FUJIKURA LIMITED.: PRODUCTS OFFERED 139
TABLE 89 ANTIG TECHNOLOGY CO. LTD.: PRODUCTS OFFERED 141
TABLE 90 SAMSUNG SDI: PRODUCTS OFFERED 142
“
“LIST OF FIGURES
FIGURE 1 RESEARCH DESIGN: DIRECT METHANOL FUEL CELLS MARKET 18
FIGURE 2 BOTTOM-UP APPROACH 22
FIGURE 3 TOP-DOWN APPROACH 23
FIGURE 4 DATA TRIANGULATION METHODOLOGY 24
FIGURE 5 ASSUMPTIONS OF THE RESEARCH STUDY 25
FIGURE 6 LIMITATIONS OF THE RESEARCH STUDY 26
FIGURE 7 ASIA-PACIFIC DOMINATED THE DIRECT METHANOL FUEL CELLS MARKET,
BY VALUE, IN 2014 28
FIGURE 8 DIRECT METHANOL FUEL CELLS MARKET: APPLICATION SNAPSHOT (USD MILLION) 29
FIGURE 9 THE STATIONARY APPLICATION SEGMENT GENERATED THE HIGHEST DEMAND FOR DIRECT METHANOL FUEL CELLS IN 2014 30
FIGURE 10 TOP REGIONS IN THE DIRECT METHANOL FUEL CELLS MARKET (VALUE),
BY APPLICATION, 2014 30
FIGURE 11 BACK-UP POWER REQUIREMENT IN ASIA-PACIFIC IS EXPECTED TO DRIVE
THE DIRECT METHANOL FUEL CELLS MARKET DURING THE FORECAST PERIOD 32
FIGURE 12 THE SEGMENT IS PROJECTED TO OCCUPY THE LARGEST MARKET SIZE FROM
2015 TO 2020 33
FIGURE 13 ASIA-PACIFIC HELD THE MARKET SHARE OF 48.5% IN THE GLOBAL DIRECT METHANOL FUEL CELLS MARKET, 2015 34
FIGURE 14 ASIA-PACIFIC HELD THE LARGEST MARKET SHARE (BY VALUE) IN
THE DIRECT METHANOL FUEL CELLS MARKET IN 2014 35
FIGURE 15 STATIONARY & PORTABLE DIRECT METHANOL FUEL CELLS APPLICATIONS ARE EXPECTED TO ACCOUNT FOR MAJORITY OF THE MARKET SHARE DURING
THE FORECAST PERIOD 36
FIGURE 16 THE PORTABLE DIRECT METHANOL FUEL CELLS MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 37
FIGURE 17 MARKET DYNAMICS: DIRECT METHANOL FUEL CELLS 41
FIGURE 18 FUEL CELLS, BY SHIPMENT (‘000 UNITS), 2010 – 2015 42
FIGURE 19 DIRECT METHANOL FUEL CELLS HAVE THE HIGHEST ENERGY DENSITY SUPPORTING THE PORTABLE APPLICATIONS 44
FIGURE 20 IMPACT OF MARKET DYNAMICS 47
FIGURE 21 DIRECT METHANOL FUEL CELLS MARKET: SUPPLY CHAIN ANALYSIS 48
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: DIRECT METHANOL FUEL CELLS MARKET 49
FIGURE 23 MARKET SHARE OF THE DIRECT METHANOL FUEL CELLS MARKET, BY APPLICATION, 2015 & 2020 (UNITS SHIPPED) 53
FIGURE 24 DIRECT METHANOL FUEL CELLS MARKET SHARE (BY VOLUME), BY REGION, 2014 55
FIGURE 25 REACTION EQUATIONS OF A TYPICAL DIRECT METHANOL FUEL CELL 63
FIGURE 26 REGIONAL SNAPSHOT: ASIA-PACIFIC TO BE THE FASTEST-GROWING MARKET, IN TERMS OF VALUE (USD MILLION), FOR DIRECT METHANOL FUEL CELLS (2015-2020) 68
FIGURE 27 ASIA-PACIFIC TO DOMINATE THE DIRECT METHANOL FUEL CELLS MARKET,
BY VALUE, DURING THE FORECAST PERIOD 69
FIGURE 28 REGIONAL SNAPSHOT: INCREASING CLEAN ENERGY INVESTMENT IN ASIA-PACIFIC PROVIDES ATTRACTIVE MARKET OPPORTUNITIES 71
FIGURE 29 REGIONAL SNAPSHOT: INCREASING RESEARCH AND DEVELOPMENT IN
NORTH AMERICA PROVIDES ATTRACTIVE MARKET OPPORTUNITIES 73
FIGURE 30 COMPANIES ADOPTED CONTRACTS & AGREEMENTS AND NEW PRODUCT/SERVICE/TECHNOLOGY DEVELOPMENTS TO CAPTURE
THE MARKET DURING 2012-2015 100
FIGURE 31 BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS WAS
THE KEY STRATEGY, 2012-2015 101
FIGURE 32 SFC ENERGY AG ACCOUNTED FOR THE MAXIMUM SHARE IN THE DIRECT METHANOL FUEL CELLS MARKET, 2014 102
FIGURE 33 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS, NEW PRODUCT LAUNCHES, AND MERGERS & ACQUISITIONS FUELED THE GROWTH OF COMPANIES FROM 2012 – 2015 102
FIGURE 34 REGION-WISE REVENUE OF THE TOP MARKET PLAYERS 107
FIGURE 35 SFC ENERGY AG: COMPANY SNAPSHOT 108
FIGURE 36 BALLARD POWER SYSTEMS INC.: COMPANY SNAPSHOT 116
FIGURE 37 VIASPACE INC.: COMPANY SNAPSHOT 132
FIGURE 38 E. I. DU PONT DE NEMOURS AND COMPANY: COMPANY SNAPSHOT 133
FIGURE 39 JOHNSON MATTHEY: COMPANY SNAPSHOT 137
FIGURE 40 FUJIKURA LIMITED: COMPANY SNAPSHOT 139
FIGURE 41 SAMSUNG SDI: COMPANY SNAPSHOT 142
“
