Executive Summary
According to a research report published by Azoth Analytics in September 2022, the Global Direct Methanol Fuel Cell Market was valued at USD 187.56 million in the year 2022. A Direct Methanol Fuel Cell (DMFC) is an electrochemical energy conversion device which transforms the chemical energy of liquid Methanol into Electrical energy directly without any intermediate processes or moving parts thus making it an efficient source of power.
Large-scale commercialisation, transportation (especially electric vehicles), and portable products with fast charging are facilitating the demand for direct methanol fuel cells in the US and other countries and thereby fuelling the demand for DMFC in the global market.
Because of its benefits of high energy density and rapid recharging, direct methanol fuel cell (DMFC) technology has the potential to succeed as a top player in the developing market for portable electronic devices. The DMFC Fuel Cells are a marvel of miniaturization that is lightweight, but high-powered & long-lasting performers. These fuel cells lead the field in fuel cell systems for off-grid power & mobile applications for Mission Critical Communication / IT/ Optronics/ Sensors/ Auxiliary Power etc.
On the basis of components, Electrode is the fastest growing DMFC component in the market of DMFC. On the basis of application, Portable is one of the very significant applications holding a market share of total DMFC Value in 2022. APAC region occupied the largest due to major expenditures made in fuel cell technology, particularly in Japan and South Korea.
Scope of the Report
? The report analyses the Direct Methanol Fuel Cell Market by Value (USD millions), Volume (units) and Megawatts.
? The report analyses the Direct Methanol Fuel Cell Market by Components (Electrode, Membrane, Balance of System, Balance of Stack).
? The report analyses the Direct Methanol Fuel Cell Market by Application (Portable, Stationary, Transportation).
? The Global Direct Methanol Fuel Cell Market has been analysed by countries (United States, Canada, Germany, UK, France, Italy, China, India, Japan, and South Korea).
? The key insights of the report have been presented through the frameworks of market share and recent developments. Also, the attractiveness of the market has been presented by region.
? Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
? The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include SFC Energy AG, Ballard Power Systems Inc., Oorja Protonics Inc., Horizon Fuel Cell Technologies, DuPont de Nemours, Inc., Johnson Matthey, Fujikura Ltd., Samsung SDI, IRD Fuel Cells A/S, Antig Technology Co. Ltd.
? The report presents the analysis of the Direct Methanol Fuel Cell market for the historical period of 2018-2021 and the forecast period of 2022-2028.
Key Target Audience
? Direct Methanol Fuel Cell Companies
? Fuel Cell Companies
? Consulting and Advisory Firms
? Government and Policy Makers
? Regulatory Authorities
Global Direct Methanol Fuel Cell (DMFC) Market: Analysis By Components, Application, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2018-2028)
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Direct Methanol Fuel Cells Market: Product Overview
4. Global Direct Methanol Fuel Cells Market: An Analysis
4.1 Market Size, By Value, 2018-2028
4.2 Market Size, By Volume, 2018-2028
4.2 Global Direct Methanol Fuel Cells Market: Growth & Forecast
4.3 Impact of COVID-19 on Direct Methanol Fuel Cells Market
5. Global Direct Methanol Fuel Cells Market by Components
5.1 Competitive Scenario of Global Direct Methanol Fuel Cells Market: By Components (2022 & 2028)
5.2 By Electrode - Market Size and Forecast (2018-2028)
5.3 By Membrane - Market Size and Forecast (2018-2028)
5.4 By Balance of System - Market Size and Forecast (2018-2028)
5.5 By Balance of Stack - Market Size and Forecast (2018-2028)
6. Global Direct Methanol Fuel Cells Market Segmentation, By Application (Value)
6.1 Competitive Scenario of Global Direct Methanol Fuel Cells Market: By Application (2022 & 2028)
6.2 By Portable - Market Size and Forecast (2018-2028)
6.3 By Stationary - Market Size and Forecast (2018-2028)
6.4 By Transportation - Market Size and Forecast (2018-2028)
7. Global Direct Methanol Fuel Cells Market: Regional Analysis
7.1 Competitive Scenario of Global Direct Methanol Fuel Cells Market: By Region (2022 & 2028)
8 Americas Direct Methanol Fuel Cells Market: An Analysis (2018-2028)
8.1 Americas Direct Methanol Fuel Cells Market by value: Size and Forecast (2018-2028)
8.2 Americas Direct Methanol Fuel Cells Market by volume: Size and Forecast (2018-2028)
8.3 Americas Direct Methanol Fuel Cells Market: Prominent Companies
8.4 Market Segmentation By Components (Electrode, Membrane, Balance of System, Balance of Stack)
8.5 Market Segmentation By Application (Portable, Stationary, Transportation)
8.6 Market Opportunity Chart of America Direct Methanol Fuel Cells Market - By Country, By Value (Year-2028)
8.7 Competitive Scenario of America Direct Methanol Fuel Cells Market - By Country (2022 & 2028)
8.8 United States Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
8.9 United States Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
8.10 Canada Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
8.11 Canada Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
9. Europe Direct Methanol Fuel Cells Market: An Analysis (2018-2028)
9.1 Europe Direct Methanol Fuel Cells Market by value: Size and Forecast (2018-2028)
9.2 Europe Direct Methanol Fuel Cells Market by volume: Size and Forecast (2018-2028)
9.3 Europe Direct Methanol Fuel Cells Market: Prominent Companies
9.4 Market Segmentation By Components (Electrode, Membrane, Balance of System, Balance of Stack)
9.5 Market Segmentation By Application (Portable, Stationary, Transportation)
9.6 Market Opportunity Chart of Europe Direct Methanol Fuel Cells Market - By Country, By Value (Year-2028)
9.7 Competitive Scenario of Europe Direct Methanol Fuel Cells Market - By Country (2022 & 2028)
9.8 Germany Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
9.9 Germany Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
9.10 France Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
9.11 France Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
9.12 United Kingdom Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
9.13 United Kingdom Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
9.14 Italy Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
9.15 Italy Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
10. Asia Pacific Direct Methanol Fuel Cells Market: An Analysis (2018-2028)
10.1 Asia Pacific Direct Methanol Fuel Cells Market by value: Size and Forecast (2018-2028)
10.2 Asia Pacific Direct Methanol Fuel Cells Market by volume: Size and Forecast (2018-2028)
10.3 Asia Pacific Direct Methanol Fuel Cells Market : Prominent Companies
10.4 Market Segmentation By Components (Electrode, Membrane, Balance of System, Balance of Stack)
10.5 Market Segmentation By Application (Portable, Stationary, Transportation)
10.6 Market Opportunity Chart of Europe Direct Methanol Fuel Cells Market - By Country, By Value (Year-2028)
10.7 Competitive Scenario of Europe Direct Methanol Fuel Cells Market - By Country (2022 & 2028)
10.8 China Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
10.9 China Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
10.10 India Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
10.11 India Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
10.12 Japan Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
10.13 Japan Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
10.14 South Korea Direct Methanol Fuel Cells Market: Size and Forecast (2018-2028)
10.15 South Korea Direct Methanol Fuel Cells Market Segmentation By Components, By Application, (2018-2028)
11. MEA Direct Methanol Fuel Cells Market
11.1 MEA Direct Methanol Fuel Cells Market by value: Size and Forecast (2018-2028)
12. Global Direct Methanol Fuel Cells Market Dynamics
12.1 Global Direct Methanol Fuel Cells Market Drivers
12.2 Global Direct Methanol Fuel Cells Market Restraints
12.3 Global Direct Methanol Fuel Cells Market Trends
13. Market Attractiveness
13.1 Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market - By Components (2028)
13.2 Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market - By Application (2028)
13.3 Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market - By Region (2028)
14. Competitive Landscape
14.1 Market Share of global leading companies
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
15.1 SFC Energy AG
15.2 Ballard Power Systems Inc.
15.3 Oorja Protonics Inc.
15.4 Horizon Fuel Cell Technologies
15.5 DuPont de Nemours, Inc.
15.6 Johnson Matthey
15.7 Fujikura Ltd.
15.8 Samsung SDI
15.9 IRD Fuel Cells A/S
15.10 Antig Technology Co. Ltd.
List of Figures
Figure 1: Global environmental concern of consumers, 2021, (in percentages)
Figure 2: Global consumer spending on electric cars (USD Billion), 2016-2020
Figure 3: Global lithium-ion battery price pack Real 2020 ($/kWh)
Figure 4: Global EV demand (in Thousands) 2015-19
Figure 5: Global Fuel Cells Shipment, 2017-2021, (in 1000 units)
Figure 6: Global Fuel Cells Shipment, 2017-2021, (Megawatts)
Figure 7: Global Share of different fuel cells in total fuel cells shipment by units (%), 2021
Figure 8: Global Share of different fuel cells in total fuel cells shipment by Megawatts (%), 2021
Figure 9: Global Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 10: Global Direct Methanol Fuel Cells Market Size, By Volume (1000 Units), 2018-2028
Figure 11: Global Direct Methanol Fuel Cells Market Size, By Volume (Megawatts), 2018-2028
Figure 12: Global Direct Methanol Fuel Cells Market- By Components Market Share, 2022 & 2028
Figure 13: Global Direct Methanol Fuel Cells Market- By Components, By Electrode, By Value (USD Million), 2018-2028
Figure 14: Global Direct Methanol Fuel Cells Market- By Components, By Membrane, By Value (USD Million), 2018-2028
Figure 15: Global Direct Methanol Fuel Cells Market- By Components, By Balance of System, By Value (USD Million), 2018-2028
Figure 16: Global Direct Methanol Fuel Cells Market- By Components, By Balance of Stack, By Value (USD Million), 2018-2028
Figure 17: Global Direct Methanol Fuel Cells Market- By Application Share, 2022 & 2028
Figure 18: Global Direct Methanol Fuel Cells Market- By Application, By Portable (USD Million), 2018-2028
Figure 19: Global Direct Methanol Fuel Cells Market- By Application, By Stationary (USD Million), 2018-2028
Figure 20: Global Direct Methanol Fuel Cells Market- By Application, By Transportation (USD Million), 2018-2028
Figure 21: Global Direct Methanol Fuel Cells Market- By Region Market Share, 2022 & 2028
Figure 22: North America electric car registration market share (in Thousands), 2016-2020
Figure 23: North America new electric bus registrations (in Thousands), 2015-19
Figure 24: North America Fuel Cells Shipment, 2017-2021, (Megawatts)
Figure 25: North America fuel cells Shipment, 2017-2021, (in 1000 units)
Figure 26: Americas Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 27: Americas Direct Methanol Fuel Cells Market Size, By Volume (1000 Units), 2018-2028
Figure 28: Americas Direct Methanol Fuel Cells Market Size, By Volume (Megawatts), 2018-2028
Figure 29: Americas Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 30: Americas Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 31: Market Opportunity Chart of Americas DMFC Market- By Country, By Value (Year-2028)
Figure 32: Americas DMFC Market- By Country Market Share, 2022 & 2028
Figure 33: United States Electric Vehicle (EV) Market Size (USD Billion), 2018-2021
Figure 34: United States, annual battery capacity additions (gigawatt), 2019-2023
Figure 35: U.S. Consumer Electronics revenue, By Value, 2017-2021 (USD Billion)
Figure 36: U.S. Military Spending , 2017-2020 (USD Billion)
Figure 37: United States Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 38: United States Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 39 United States Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 40: Canada Laptop market revenue (USD Billion), 2016-2020
Figure 41: Canada military spending (USD Billion), 2017-2020
Figure 42: Electric vehicle sales in Canada between 2017 and 2021 (in units)
Figure 43: Canada Electric Vehicle Charging Station Market: By Vehicle Type, By Value, 2020-2025 (USD Million)
Figure 44: Canada Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 45: Canada Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 46: Canada Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 47: European Union Carbon dioxide emissions (million metric tons of CO2), 2016-2020
Figure 48: Europe fuel cells Shipment, 2017-2021, (in 1000 units)
Figure 49: Europe Fuel Cells Shipment, 2017-2021, (Megawatts)
Figure 50: Europe Lithium EV Battery Market Size, By Value, 2020-2025 (USD Million)
Figure 51: Europe Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 52: Europe Direct Methanol Fuel Cells Market Size, By Volume (1000 Units), 2018-2028
Figure 53: Europe Direct Methanol Fuel Cells Market Size, By Volume (Megawatts), 2018-2028
Figure 54: Europe Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 55: Europe Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 56: Market Opportunity Chart of Europe Direct Methanol Fuel Cells Market- By Country, By Value (Year-2028)
Figure 57: Europe Direct Methanol Fuel Cells Market- By Country Market Share, 2022 & 2028
Figure 58: Germany New passenger auto registration, January 2020
Figure 59: Germany Military Expenditure (USD Million), 2016-2020
Figure 60: Germany plug-in electric car registration, 2020
Figure 61: Germany Consumer Electronics revenue (USD Billion), 2017-2021
Figure 62: Germany Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 63: Germany Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 64: Germany Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 65: France: Number of EV charging stations, By type, 2020
Figure 66: France passenger auto registration, July 2020
Figure 67: France Electric car registration (in Thousands), 2016-2020
Figure 68: France Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 69: France Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 70: France Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 71: United Kingdom Electric car registration (in Thousands), 2016-2020
Figure 72: United Kingdom Passenger Auto registration, July 2020
Figure 73: United Kingdom Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 74: United Kingdom Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 75: United Kingdom Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 76: Italy Consumer Electronics market revenue (USD Billion), 2017-2021
Figure 77: Italy Military spending (USD Billion), 2017-2020
Figure 78: Italy Number of smartphone users, 2017-2021
Figure 79: Italy Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 80: Italy Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 81: Italy Direct Methanol Fuel Cells Market - By Application, By Value (USD Million), 2018-2028
Figure 82: Asia Pacific EV sales by country, 2021
Figure 83: Asia Pacific consumer electronics market (USD Billion), 2017-2021
Figure 84: Asia Pacific consumer electronics market (USD Billion), 2017-2021
Figure 85: Asia Pacific Fuel Cells Shipment, 2017-2021, (in 1000 units)
Figure 86: Asia Pacific Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 87: APAC Direct Methanol Fuel Cells Market Size, By Volume (1000 Units), 2018-2028
Figure 88: APAC Direct Methanol Fuel Cells Market Size, By Volume (Megawatts), 2018-2028
Figure 89: APAC Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 90: APAC Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 91: Market Opportunity Chart of APAC Direct Methanol Fuel Cells Market- By Country, By Value (Year-2028)
Figure 92: APAC Direct Methanol Fuel Cells Market- By Country Market Share, 2022 & 2028
Figure 93: China Electric car registrations (in thousands), 2016-2020
Figure 94: China Electric Vehicle (EV) Market (USD Billion), 2018-2021
Figure 95: China Installed capacity of methanol (MMT), 2016-2019
Figure 96: China Military Expenditure (USD Billion) 2017-2020
Figure 97: China Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 98: China Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 99: China Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 100: India segment-wise EV sales (in thousands), 2019-2020
Figure 101: India production volume of methanol (1000 metric tons), 2017-2021
Figure 102: India industrial electronics production value (billion Indian rupees)
Figure 103: Indiaís EV penetration rate as a percentage of ICE sales, 2020
Figure 104: India Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 105: India Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 106: India Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 107: Japan: EV sales , January- May 2020
Figure 108: Japan Electronics production value (Trillion Japanese yen), 2018-2021
Figure 109: Japan Number of fuel cell electric vehicles in use (1000 Units), 2017-2021
Figure 110: Japan Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 111: Japan Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 112: Japan Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 113: South Korea Actual and targeted production of fuel cell electric vehicles (FCEVs), 2018 to 2040
Figure 114: South Korea production value of electronic components, 2018-2021 (South Korean won)
Figure 115: South Korea Electric car registrations (In thousands), 2016-2020
Figure 116: South Korea Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 117: South Korea Direct Methanol Fuel Cells Market - By Components, By Value (USD Million), 2018-2028
Figure 118: South Korea Direct Methanol Fuel Cells Market- By Application, By Value (USD Million), 2018-2028
Figure 119: Middle East & Africa Direct Methanol Fuel Cells Market Size, By Value, 2018-2028 (USD Million)
Figure 120: Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market- By Components (Year-2028)
Figure 121: Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market- By Application (Year-2028)
Figure 122: Market Attractiveness Chart of Global Direct Methanol Fuel Cells Market- By Region (Year-2028)
Figure 123: Global leading DMFC Companies Market Share (%), 2021
Figure 124: SFC Energy AG Annual Sales Revenue, 2018-2021 (USD Million)
Figure 125: SFC Energy AG Profit, 2018-2021 (USD Million)
Figure 126: SFC Energy AG Sales Revenue, By Business Segments (%), FY2021
Figure 127: SFC Energy AG Sales Revenue, By Geographical Segments (%), FY2021
Figure 128: Ballard Power Systems Inc. Annual Sales Revenue, 2018-2021 (USD Million)
Figure 129: Ballard Power Systems Inc. Net Loss, 2018-2021 (USD Million)
Figure 130: Ballard Power Systems Inc. Sales Revenue, By Market Applications (%), FY2021
Figure 131: Ballard Power Systems Inc. Sales Revenue, By Geographical Segment (%), FY2020
Figure 132: DuPont de Nemours, Inc. Annual Sales Revenue, 2018-2021 (USD Million)
Figure 133: DuPont de Nemours, Inc., Net Income, 2018-2021 (USD Million)
Figure 134: DuPont de Nemours, Inc. Sales Revenue, By Business Segment (%), FY2021
Figure 135: DuPont de Nemours, Inc. Sales Revenue, By Geographical Segment (%), FY2021
Figure 136: Johnson Matthey Annual Sales Revenue, 2018-2021 (USD Million)
Figure 137: Johnson Matthey, Profit, 2018-2021 (USD Million)
Figure 138: Johnson Matthey Sales Revenue, By Business Segment (%), FY2021
Figure 139: Johnson Matthey Sales Revenue, By Geographical Segment (%), FY2021
Figure 140: Fujikura Ltd. Annual Sales Revenue, 2018-2021 (USD million)
Figure 141: Fujikura Ltd. Profit, 2018-2021 (USD million)
Figure 142: Fujikura Ltd. Sales Revenue, By Business Segment (%), 2021
Figure 143: Fujikura Ltd. Sales Revenue, By Geographic Segment (%), 2021
Figure 144: Samsung SDI Sales Revenue (USD Million), 2019-2021
Figure 145: Samsung SDI Profit (USD Million), 2019-2021
Figure 146: Samsung SDI Revenue By Business Segment (%), FY2021
Figure 147: Samsung SDI Sales Revenue Split, By Geographical Segment (%), FY2021
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