Direct Methanol Fuel Cell Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application (Portable, Stationary, Transportation), By Component (Electrode, Membrane, Balance of System, Balance of Stack), and Region  

Direct Methanol Fuel Cell Market size is estimated to be valued at US$ 165.9 Million in 2023 and is poised to grow at a significant CAGR of 14.5% over 2024-2028. The direct methanol fuel cell (DMFC) is a popular technology that creates electricity by burning methanol. Methanol's high energy density makes it simple to transport and supply as needed. In most cases, it is combined with water and fed to the catalytic components. DMFC is used to power mobile, stationary, and transportation applications. Mobile phones, computers, laptop, and other electronic devices are also important areas of use for technology. The DMFC was designed to address the hydrogen fuel storage dilemma while also removing the reformer used to convert methanol to hydrogen. It is also known as a Proton Exchange Membrane Fuel Cell (PEMFC) since it employs a PEM membrane. However, additional catalysts, such as Ruthenium (Ru), must be used in addition to platinum to break the methanol bond in an anodic process. The DMFC is a proton-exchange fuel cell subclass that employs methanol as its primary fuel. Its key benefit is methanol's simple transportation and stability under all atmospheric conditions.

The Portable segment anticipated to grow at significant CAGR over the forecast years owing to the portable applications essentially comprise client devices like PCs, tablets, mobile phones, and cameras because of advantages like lengthy length and clean electric power age in various off-network conditions. A handy energy unit is also used in battery chargers and lighting. It is also used in military applications. However, its market is limited since power modules are expected in small quantities. Rapid development and the desire for electricity necessitate the efficient use of energy resources. This has resulted in a trend toward the acceptance of clean, discharge-free energy supplies, such as power aging employing power modules. The portable segment is expected to be driven by the expansion of consumer electronics, which includes mammography workstations, tablets, and mobiles, during the projected period. The increasing need for clean energy, increasing expenditures in fuel cell development, and accessibility of transport and storage are some of the primary reasons driving the growth of the DMFC market. Moreover, increasing technical innovation, research partnerships, and portable applications are also expected to drive market expansion.

Direct Methanol Fuel Cell Market key developments

• In September 2021, The EFOY fuel cell from SFC Energy AG has supported Wickipartners Ballonteam. To reduce distraction, the business has offered its fuel cells for various electrical gadgets and communications equipment, allowing balloon pilots to communicate easily.