Market overview of DFMC
Technavio’s market research analyst predicts the global DFMC market to grow at a CAGR of more than 40% during the forecast period. The rising need to save energy and high adoption of green technology in many countries are the major drivers contributing to the growth of the global DMFC market. At present, governments worldwide are taking several initiatives, in terms of investments, R&D, and commercialization, to increase energy efficiency and reduce energy consumption. As a result, there has been an increased focus on energy-efficient products for energy generation and storage, including fuel cells. This has led to growing awareness among consumers about the use of DMFCs. Also, many end-users prefer using energy-efficient products such as DMFCs to expand their energy storage and reduce their operating expenses.
Advances in technology have boosted the growth and use of DMFCs in different electronics devices. For instance, the use of DMFC in combination with batteries in forklifts extends the working time, reduces the operating cost, and also reduces the greenhouse gas emissions. Also, important developments have been made to raise the system energy densities. With the rise in energy density, the lifespan and performance of DMFCs will also get extended. This will enable the use of DMFCs in many portable applications. At present, lithium-based batteries are primarily employed in portable applications. However, rapid technological advancements will enable DMFCs to replace lithium-based batteries.
Segmentation by application and analysis of the DFMC market
- Portable
- Stationary
- Transportation
The portable segment accounted for more than 81% of the market share during 2015 and is expected to retain its market leadership until the end of 2020. The military sector is the emerging area for DMFC applications in terms of portable power. The defense industry's need for lightweight, portable power solutions to reduce the weight borne by a soldier is driving the adoption of DMFCs. DMFCs are also used to power on-board communication systems, sensors, and provide continuous power for weapon systems during independent missions. Also, these devices help charge the batteries that supply power to equipment.
Geographical segmentation and analysis of the DFMC market
During 2015, the EMEA region dominated the market, accounting for more than 40% of the market share. The demand for clean and reliable power sources, coupled with the growing investments in DMFCs, is contributing to the growth of the DMFC market in EMEA. Significant resources are being allocated for the R&D of clean technologies such as DMFC for use in stationary power and in vehicles. The Fuel Cells and Hydrogen Joint Undertaking (FCH-JU) that falls under the Horizon 2020, Europe’s flagship research program, has funded several projects for the development of larger capacity DMFC to be used in the telecom sector and in new materials that would increase the durability of DMFC.
Competitive landscape and key vendors
The global DMFC market has few vendors. They work on various segments in developing DMFC products for stationary and portable power. There are also some firms that are highly specialized and provide expertise in proprietary technology.
The key vendors in the market are -
- DMFCC
- Hitachi
- Oorja Protonics
- SFC Energy
Other prominent vendors in the market include Enocell, FuelCellsEtc, and Neah Power Systems.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global DFMC market?
- What are the key market trends impacting the growth of the DFMC market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global DFMC market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the DFMC market?
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Related reports:
Direct methanol fuel cell, or DMFC, is a type of fuel cell technology that uses polymer membrane electrolytes similar to PEMFC and combines the reliability of a fuel cell with the advantages of a liquid fuel. This fuel cell technology was developed by the National Aerospace and Space Administration (NASA) and the Jet Propulsion Laboratory to serve as an alternative to existing electrochemical techniques. Advantages like its lower emission levels and favorable maintenance costs will spur its adoption over the next few years.
The global direct methanol fuel cell market report is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Technological overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by application
- Global DMFC market by application 2015
- Global DMFC market by application 2020
- Global DMFC market by application 2015-2020
- Global DMFC market by portable application
- Global DMFC market by transport application
- Global DMFC market by stationary application
PART 07: Geographical segmentation
- Global DMFC market by geography 2015
- Global DMFC market by geography 2020
- Global DMFC market by geography 2015-2020
- DMFC market in EMEA
- DMFC market in Americas
- DMFC market in APAC
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
- Direct Methanol Fuel Cell Corp.
- Hitachi
- Oorja Protonics
- SFC Energy
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape