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Mar 22, 2023 (The Expresswire) --The "Direct Methanol Fuel Cell Market" study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Direct Methanol Fuel Cell Industry is its growth rate. Many major technology players are [Sharp Corporation, Viaspace, Inc., Toshiba Corporation, Panasonic Corporation, UltraCell LLC, Polyfuel Inc., XNRGI, Inc., SFC Energy AG, Antig Technology Co. Ltd., Fujikura Ltd., Oorja Corporation, Samsung SDI Co., Ltd, Hitachi Ltd.] have been looking into Direct Methanol Fuel Cell as a way to increase their market share and reach towards consumers.
What is the Direct Methanol Fuel Cell market growth?
Direct Methanol Fuel Cell Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2023, at unexpected CAGR during the forecast Period 2023-2029.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 121 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Client Focus 1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Direct Methanol Fuel Cell market?
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Direct Methanol Fuel Cell market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Direct Methanol Fuel Cell Industry
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Direct Methanol Fuel Cell Industry.
This research report is the result of an extensive primary and secondary research effort into the Direct Methanol Fuel Cell market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Direct Methanol Fuel Cell Market.
Which are the driving factors of the Direct Methanol Fuel Cell market?
Growing demand for [Portable, Stationary, Transportation] around the world has had a direct impact on the growth of the Direct Methanol Fuel Cell
The Direct Methanol Fuel Cell segments and sub-section of the market are illuminated below:
Based on Product Types the Market is categorized into [Electrode, Membrane, Balance of System, Balance of Stack] that held the largest Direct Methanol Fuel Cell market share In 2022.
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Direct Methanol Fuel Cell Market - Competitive and Segmentation Analysis:
2.How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Short Description About Direct Methanol Fuel Cell Market:
The Global Direct Methanol Fuel Cell market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Direct Methanol Fuel Cell. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.
Direct Methanol Fuel Cell Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Direct Methanol Fuel Cell in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report focuses on the Direct Methanol Fuel Cell market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Direct Methanol Fuel Cell market.
3.What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027) of the following regions are covered in Chapters:
● North America (United States, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
● South America (Brazil, Argentina, Columbia etc.)
● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Direct Methanol Fuel Cell Market Research/Analysis Report Contains Answers to your following Questions
● What are the global trends in the Direct Methanol Fuel Cell market? Would the market witness an increase or decline in the demand in the coming years?
● What is the estimated demand for different types of products in Direct Methanol Fuel Cell? What are the upcoming industry applications and trends for Direct Methanol Fuel Cell market?
● What Are Projections of Global Direct Methanol Fuel Cell Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
● Where will the strategic developments take the industry in the mid to long-term?
● What are the factors contributing to the final price of Direct Methanol Fuel Cell? What are the raw materials used for Direct Methanol Fuel Cell manufacturing?
● How big is the opportunity for the Direct Methanol Fuel Cell market? How will the increasing adoption of Direct Methanol Fuel Cell for mining impact the growth rate of the overall market?
● How much is the global Direct Methanol Fuel Cell market worth? What was the value of the market In 2020?
● Who are the major players operating in the Direct Methanol Fuel Cell market? Which companies are the front runners?
● Which are the recent industry trends that can be implemented to generate additional revenue streams?
● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Direct Methanol Fuel Cell Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Direct Methanol Fuel Cell Market Insights and Forecast to 2029
Major Points from Table of Contents
Global Direct Methanol Fuel Cell Market Research Report 2023-2029, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Direct Methanol Fuel Cell Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Direct Methanol Fuel Cell Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Direct Methanol Fuel Cell Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Direct Methanol Fuel Cell Market-Segmentation by Type
6 Global Direct Methanol Fuel Cell Market-Segmentation by Application
7 Global Direct Methanol Fuel Cell Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Direct Methanol Fuel Cell Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Direct Methanol Fuel Cell Market from 2023-2029
10.1 Future Forecast of the Global Direct Methanol Fuel Cell Market from 2023-2029 Segment by Region
10.2 Global Direct Methanol Fuel Cell Production and Growth Rate Forecast by Type (2023-2029)
10.3 Global Direct Methanol Fuel Cell Consumption and Growth Rate Forecast by Application (2023-2029)
12.2 Research Data Source
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The potential efficiency (ɛf) of a DMFC for an operational cell e.m.f. (E) of 0.5 V is about 40% and the specific energy (W) is − ΔG°/3600 × M = (702 × 103)/(3600 × 0.032) = 6.1 kWh kg− 1.What is the fuel cell market forecast? ›
The global fuel cell market in terms of revenue was estimated to worth $2.9 billion in 2022 and is poised to reach $9.1 billion by 2027, growing at a CAGR of 26.0 % from 2022 to 2027. The growing demand for clean power generation with less or no emission is the primary factors driving market growth.What is the market share of fuel cells? ›
Polymer Electrolyte Membrane (PEM) Fuel Cells Are Highest Revenue Generators in Market. In the global fuel cell market, PEM fuel cells held about 60% share, in terms of revenue generation, in 2021.Which is better direct methanol fuel cell or reformed methanol fuel cell? ›
RMFC systems offer advantages over direct methanol fuel cell (DMFC) systems including higher efficiency, smaller cell stacks, less requirement on methanol purity, no water management, better operation at low temperatures, and storage at sub-zero temperatures because methanol is a liquid from -97.0 °C to 64.7 °C (-142.6 ...Does methanol have a future? ›
Polygeneration, the ability to scale efficiently and cost-effectively, versatility in so many products and applications including transportation fuels, its biodegradability and its 100-year history of safe production, use and handling is what makes methanol future-proof.What is the future of methanol economy? ›
The worldwide annual production of methanol nearly doubled over the last decade to reach about 98m metric tonnes (MMT) in 2019 and is expected to grow to more than 120 MMT by 2025 and 500 MMT by 2050.How big is the fuel cell market in 2030? ›
The global fuel cell market size was estimated at USD 6.3 billion in 2022 and is expected to reach USD 7.35 billion in 2023. What is the fuel cell market growth? b. The global fuel cell market is expected to grow at a compound annual growth rate of 19.9% from 2023 to 2030 to reach USD 26.1 billion by 2030.What are the top two fuel cell stocks? ›
Companies that are leading the hydrogen and fuel cell space include DuPont de Nemours, Inc. (NYSE:DD), Air Products & Chemicals, Inc. (NYSE:APD), Bloom Energy Corporation (NYSE:BE), and Plug Power, Inc. (NASDAQ:PLUG).How big is the hydrogen fuel cell market in 2030? ›
Alkaline Fuel Cells
Operating at 60-70ºC (140-158ºF), AFCs are among the most efficient type of fuel cells, reaching up to 60% efficiency and up to 87% combined heat and power.
|1||Plug Power 1PLUG||$5.33 B|
|2||Doosan Fuel Cell 2336260.KS||$1.79 B|
|3||Ballard Power Systems 3BLDP||$1.42 B|
|4||Ceres Power 4CWR.L||$0.80 B|
Polymer Electrolyte Membrane Fuel Cells
Hydrogen is typically used as the fuel. These cells operate at relatively low temperatures and can quickly vary their output to meet shifting power demands. PEM fuel cells are the best candidates for powering automobiles. They can also be used for stationary power production.
- Require high purity methanol.
- Comparatively low efficiency (20 – 30%)
- Storage temperature at sub-zero temperatures problematic, as formation of water crystals can damage the membrane.
- Methanol “cross-over” on membrane can affect lifetime and system efficiency.
- High platinum content required as catalyst.
SFC Energy AG is a leading fuel cell company specialising in direct methanol and hydrogen fuel cells for stationary and mobile hybrid power applications and a profitable fuel cell manufacturer on a sustainable basis. The company's products have been MIL-STD tested and are built to endure the rigours of field operation.How long do methanol fuel cells last? ›
Each fuel cartridge holds five litres of methanol, which will provide up to five days of constant use when operating with the 210 EFOY model. Each cartridge retails for about $90 and is currently available in the following markets: Vancouver, Victoria, Nanaimo, Campbell River and Port Hardy.Who is the world leader in methanol? ›
Methanex Corporation, Mitsubishi Gas Chemical Company, Inc., Zagros Petrochemical Company, Celanese Corporation, and Proman, among others, are the major players in the global market for methanol.What will be the price of methanol in 2050? ›
The price of methanol in 2050
BECCS is generally deployed where biomass is used for energy, while DAC technology allows it to be deployed in deserts where hydrogen will be cheaper. The costs of e-methanol are projected to decline significantly and be on par with biomethanol, ranging from 250 to 630 USD/t by 2050.
The Asia-Pacific dominated the worldwide market with a significant market share. It is projected to maintain its dominance during the forecast period. China alone is the largest producer and consumer of over 60% of the world's methanol, making the country the worldwide leader.What is the global methanol market outlook for 2030? ›
Follow. Westford USA, April 17, 2023 (GLOBE NEWSWIRE) -- Over the forecast period (2023-2030), the Methanol market is expected to grow at a CAGR of 3.4%, reaching a value of USD 47.4 billion by 2030.Why is methanol demand increasing? ›
Methanol is used large-scale production of petrochemicals. The growth in petrochemicals demand in APAC is driving the methanol market. The use of petrochemicals in end-use industries such as automotive and construction is the main driving force for the methanol market.
Methanol Market Outlook
The global methanol market is expected to grow significantly in the coming years due to increasing demand from Asia-Pacific countries such as China and India. In addition, the use of methanol as a transportation fuel is expected to increase in Europe and North America.
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Fuelcell Energy Inc have a median target of 3.10, with a high estimate of 4.00 and a low estimate of 2.00. The median estimate represents a +44.86% increase from the last price of 2.14.
Historical index on US Stock Market : C "Should I invest in Fuelcell Energy stock?" "Should I trade "FCEL" stock today?" According to our live Forecast System, Fuelcell Energy Inc stock is an outstanding long-term (1-year) investment*.What will the green hydrogen market be worth in 2030? ›
The green hydrogen market is expected to record a valuation of USD 119 billion by 2030, according to a new research report by Global Market Insights Inc.Should I invest in fuel cell stock? ›
The financial health and growth prospects of FCEL, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.Who is fuel cell competitor? ›
The main competitors of FuelCell Energy include Bloom Energy (BE), NOW (DNOW), Nabors Industries (NBR), Helix Energy Solutions Group (HLX), Hess Midstream (HESM), Talos Energy (TALO), Genesis Energy (GEL), Montauk Renewables (MNTK), Maxeon Solar Technologies (MAXN), and FREYR Battery (FREY).Should I buy or sell fuel cell stock? ›
FuelCell Energy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.What is the 2030 hydrogen strategy? ›
Hydrogen is expected to play an important role in achieving EU objectives to reduce greenhouse gas emissions by a minimum of 55% by 2030 and reach net zero emissions by 2050. We are facilitating the large-scale deployment of hydrogen to contribute to climate neutrality.What is the size of the energy market in 2030? ›
The global renewable energy market is expected to continue its upward growth over the next years. According to the Group Next Move Strategy Consulting, the market will reach over two trillion U.S. dollars by 2030.What is the price target for hydrogen in 2030? ›
In total, by 2030, Rethink Energy conservatively expects the total cost of green hydrogen to sit at $1.54 per kilogram, split by electricity ($0.90 per kg), capex ($0.27 per kg), water ($0.22 per kg), and opex ($0.14 per kg). Harry Morgan is a hydrogen analyst at analyst group Rethink Energy.
Methanol is an excellent hydrogen carrier fuel, packing more hydrogen in this simple alcohol molecule than can be found in hydrogen that's been compressed (350-700 bar) or liquified (-253˚C). Methanol can be “reformed” on-site at a fueling station to generate hydrogen for fuel cell cars.What is the biggest problem with fuel cells? ›
Cost of Raw Materials
Precious metals such as platinum and iridium are typically required as catalysts in fuel cells and some types of water electrolyser, which means that the initial cost of fuel cells (and electrolysers) can be high. This high cost has deterred some from investing in hydrogen fuel cell technology.
The Global Leader in Fuel Cell Technology | FuelCell Energy.Who manufactures Canadian hydrogen fuel cells? ›
|Ballard Power (TSX:BLDP)||Ballard Power designs, develops, manufactures, sells, and services hydrogen fuel cell products.|
|Xebec Adsorption (XBC.TO)||Xebec Adsorption designs, manufactures, and sells hydrogen purification and production systems (electrolysis).|
Hydrogen Fuel cell vehicles
Canada is home to the world's first standardized automotive fuel cell stack production facility in Vancouver, created as a joint venture among Daimler, Ford and Ballard Power Systems.
- MagPower Systems Inc. based in Stony Plain, BRITISH COLUMBIA (CANADA) ...
- Canadian Hydrogen and Fuel Cell Association (CHFCA) ...
- Alkaline Fuel Cell Power. ...
- Loop Energy Inc. ...
- Ballard Power Systems Inc. ...
- BIO-H2-GEN Inc. ...
- The Toro Company. ...
- Solarvest BioEnergy Inc.
Honda has been one of the leaders in fuel cell vehicles over the years. It's a system that converts pressurized hydrogen into electricity through a chemical process, producing no emissions.What is one major disadvantage of fuel cell technology? ›
Expensive to manufacture due the high cost of catalysts (platinum) Lack of infrastructure to support the distribution of hydrogen. A lot of the currently available fuel cell technology is in the prototype stage and not yet validated.Which fuel cell technology is new and one of the most promising ways to diminish the dependence on fossil fuels? ›
When used to power highly efficient fuel cell electric vehicles, hydrogen holds the promise of helping strengthen national energy security, conserve fuel, and diversify our transportation energy options for a more resilient system.How efficient is methanol fuel cell? ›
Whilst the thermodynamic theoretical energy conversion efficiency of a DMFC is 97%; the currently achievable energy conversion efficiency for operational cells attains 30% – 40%. There is intensive research on promising approaches to increase the operational efficiency.
The major advantages of DMFC are emission-free, methanol's low cost, facile shipping, low operating temperatures, high energy density, and applicability in various potential applications from small electronic devices such as mobile phones, laptops, and digital cameras [1,2].Why is methanol not commonly used? ›
Methanol is toxic, water miscible, and very corrosive substance. Because of these features, more specific safety precautions are needed when compared to the petrol during the transportation and use. Its negative properties and high emissions prevent methanol from being a highly preferred fuel.Who are the largest methanol traders? ›
Methanex is the world's largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and Latin America.Which country uses the most methanol? ›
China is the global leader in methanol use and has recently expanded methanol production capacity.Which country is the largest exporter of methanol? ›
Saudi Arabia is the world's leading exporter country of methanol, also know as methyl alcohol. In 2020, the country exported over 4.5 million metric tons of the compound, with a value of nearly 949 million U.S. dollars.What is the future price of methanol? ›
Looking forward, we estimate it to trade at 2809.11 in 12 months time.Which is better hydrogen or methanol fuel cell? ›
Hydrogen ignites easier than methanol, but it needs to be fully renewable to become totally CO2 neutral. Methanol needs three parameters to have good combustion with reasonable efficiency: High amount of heat from the air intake manifold. Proper injection, good atomisation.What is the power density of direct methanol fuel cell? ›
The energy density of hydrogen is 520 Wh/L (in case of 2,000 psi gas cylinder). However, methanol has 4,817 Wh/L of energy density Since space and weight are at a premium in most transportation, DMFC is attractive for transportation applications.What is the range of methanol fuel cell? ›
The methanol fuel cell provides a cost-efficient and long range of up to 1,000 km that surpasses fossil-based combustion engines. It provides a flexible and convenient alternative when battery electrification is not possible or feasible.What is the potential of fuel cell? ›
The ideal standard potential of an H2/O2 fuel cell (E0) is 1.229 V with liquid water as the product and 1.18 V for water with gaseous product. This value is normally referred to as the oxidation potential of H2.
DAFCs possess a wide spectrum of advantages as compared with proton-exchange membrane fuel cells (PEMFCs) that use hydrogen as the fuel. As shown in Table 1, the theoretical energy conversion efficiency of all DAFCs exceeds 90%, which is higher than that of PEMFCs (83%).What are the advantages of DMFC? ›
The DMFC has several advantages as a promising energy source over HFC due to its ease of fuel delivery, storage, low cost of methanol, operation at low temperature and pressure, lack of humidification requirements, reduced design complexity, and high power density .How efficient is methanol to power? ›
Efficiency for methanol synthesis of hydrogen and carbon dioxide currently is 79 to 80%. Thus the efficiency for production of methanol from electricity and carbon dioxide is about 59 to 78%.What is the market capacity of methanol? ›
The global market of methanol was valued at over 37 billion U.S. dollars in 2021. This figure is forecast to experience continual growth over the next decade, reaching a value of nearly 62 billion U.S. dollars by 2030. This would represent an increase of roughly 67 percent in comparison to 2021.What is the efficiency of methanol fuel cell? ›
Whilst the thermodynamic theoretical energy conversion efficiency of a DMFC is 97%; the currently achievable energy conversion efficiency for operational cells attains 30% – 40%. There is intensive research on promising approaches to increase the operational efficiency.What is the most efficient fuel cell? ›
So, PEM fuel cells' efficiency comes out a clear winner over internal combustion engines. That said, lithium ion batteries are actually 90% efficient and lead acid batteries produce efficiency comparable to PEM fuel cells at a level of 50%.What is the first problem with fuel cells? ›
Expensive to manufacture due the high cost of catalysts (platinum) Lack of infrastructure to support the distribution of hydrogen. A lot of the currently available fuel cell technology is in the prototype stage and not yet validated. Hydrogen is expensive to produce and not widely available.What are the advantages of methanol fuel cell? ›
Lower production costs—Methanol is cheap to produce relative to other alternative fuels. Improved safety—Methanol has a lower risk of flammability compared to gasoline. Increased energy security—Methanol can be manufactured from a variety of domestic carbon-based feedstocks, such as biomass, natural gas, and coal.What is the biggest advantage of fuel cells? ›
Advantage: High Energy Density Improves Productivity
Hydrogen fuel cells do not produce any CO2 emissions during operation, even if their production is not necessarily carbon-free.