Global Direct Methanol Fuel Cells Market is Set for a Positive Growth Forecast at CAGR of 15.9% till 2023
Bharat Book Bureau Provides the Trending Market Research Report on “Global Direct Methanol Fuel Cells Market Report 2023” under Heavy Industry category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, and their future prospects.
The Direct Methanol Fuel Cells market size will grow from USD 121.37 Million in 2017 to USD 294.18 Million by 2023, at an estimated CAGR of 15.9%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The growing demand for clean energy has been accompanied by depletion of fossil fuels, which has shifted the focus toward fuel cell markets. The DMFC market is still in its initial development phase in all the regions due to slow infrastructure development for refueling of fuel cells, technical limitations, and use of expensive materials for its manufacturing. Government initiatives and grants for fuel cell research, investments from financial institutions, high-energy storage density as compared with batteries and other fuel cells, growing demand for clean energy, and use of cheaper metals for its manufacturing are driving the growth of the global DMFC market.The report segments the DMFC market on the basis of its application which include portable, stationary, and transportation. The portable application is the highest growth market for DMFC. The stationary DMFC application is projected to dominate the global DMFC market during the forecast period.
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By Market Players:
SFC Energy AG , Ballard Power Systems Inc. , Oorja Protonics Inc. , Horizon Fuel Cell Technologies , Meoh Power, Inc. , Bren-Tronics Incorporated , Treadstone Technologies Inc. , Viaspace Inc. , E. I. Du Pont De Nemours and Company , Ird Fuel Cell A/S , Johnson Matthey , Fujikura Limited , Antig Technology Co. Ltd. , Samsung SDI
Portable, Stationary, Transportation
Electrode, Membrane, Balance of System, Balance of Stack,
Polymer/Proton Exchange Membrane, Molten Carbonate, Solid Oxide, Phosphoric Acid, Others
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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