Sarasota, FL -- (SBWIRE) -- 06/21/2018 -- Global Direct Methanol Fuel Cells Market: Overview
The Direct Methanol Fuel Cells (DMFC) technology is regarded as a breakthrough discovery for portable energy/power delivery, which can be efficiently utilized in portable mobile equipment such as tablets and smartphones. Longer working period and advanced energy densities of direct methanol fuel cells when compared to traditional batteries and the mounting usage of smartphones are some aspects that are anticipated to propel the demand and requirement for DMFCs worldwide.
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Global Direct Methanol Fuel Cells Market: Growth Factors
Demand and requirement for electronics along with the requirement for clean energy is anticipated to optimistically influence the global direct methanol fuel cell market in the coming future. The direct methanol fuel cells has applications spread across numerous industries. Main end-use industries comprise automotive, electronics, and industrial. These cells have various kinds of applications, viz., portable applications, stationary applications, and transportation applications. The cells have higher energy density as compared to traditional lithium-ion batteries. Such advanced characteristics are likely to play a significant role in supporting the global market expansion. Favorable government regulations and initiatives favoring the clean technology are expected to impact the global direct methanol fuel cell market in the coming future.
Global Direct Methanol Fuel Cells Market: Segmentation
The global direct methanol fuel cells market is classified in terms of application which comprise stationary, portable, and transportation. The portable application division is the maximum developed segment in the direct methanol fuel cells market. The stationary application division is anticipated to dominate and lead the global direct methanol fuel cells market in the coming years.
The global direct methanol fuel cells market is also categorized in terms of components which is further fragmented into membranes, electrodes, the balance of system, and balance of stack, among others. Majority of the global direct methanol fuel cells market is likely to be captured by electrode component.
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Global Direct Methanol Fuel Cells Market: Regional Analysis
The upcoming economies such as India, China, and Brazil offer abundant opportunities and prospects for the industry key participants in the direct methanol fuel cells market. Development in the superior products and R&D initiatives to commercialize direct methanol fuel cell offers immense prospects for several new entrants as well as existing key participants.
In addition, emerging regions such as Latin America and Asia Pacific are presumed to experience a rapid increase in direct methanol fuel cells end-use sectors such as electronics, automotive, and other industries. These regional markets are likely to witness potential development estimations and present abundant opportunities and prospects for several industry participants. Presently, the global direct methanol fuel cells market is expected to be at a growing stage. High R&D expenditure is projected to ward off new participants from entering the fuel cell sector.
Global Direct Methanol Fuel Cells Market: Competitive Players
Some of the most important market players in the global direct methanol fuel cells market market are Viaspace Inc., Antig Technology Co. Ltd., CMR Fuel Cells Plc, Neah Power Systems Inc., Oorja Protonics Inc., Polyfuel Inc., Toshiba Corp., Samsung SDI Co. Ltd., Idatech Llc, Dupont Fuel Cell, Ultracell Corp., Fujikura Ltd., MTI Micro Fuel Cells Inc., and Panasonic Corp., among others.
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Global Direct Methanol Fuel Cells Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa