Global Direct Methanol Fuel Cell (DMFC) Market 2014-2018

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Apr 17, 2014, 11:59 ET

DUBLIN, April 17, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/6s5j2j/global_direct) has announced the addition of the "Global Direct Methanol Fuel Cell (DMFC) Market 2014-2018"report to their offering.

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The analysts forecast the Global DMFC market to grow at a CAGR of 44.2 percent over the period 2014-2018. One of the key factors contributing to this market growth is the high energy density of DMFC. The Global DMFC market has also been witnessing technological advancement. However, the high cost of materials could pose a challenge to the growth of this market.

The report, the Global DMFC market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global DMFC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Over the years, there has been a tremendous increase in the number of technological advancements, which has led to a subsequent growth in the usage of DMFCs in various electronics devices. These technological advancements can be used to address the technical limitations of DMFCs by bringing down the fuel crossover and oxidation reduction. Significant developments have been made to increase the system energy densities.

With the increase in energy density, the lifespan and performance of DMFCs will also increase, thereby enabling the usage of DMFCs in many portable applications. Currently, lithium-based batteries are mainly used in portable applications. However, due to the rapid technological advancements, lithium-based batteries are likely to be replaced with DMFCs in the next few years. Thus, the rapid technological advancements is a new trend that is expected to have a positive impact on the market during the forecast period.

According to the report, one of the major drivers in this market is the high energy density of DMFCs. One of the major advantages of DMFCs is that they use methanol as a fuel. Methanol has a high energy density and can store energy for a longer period of time. Hence, DMFCs are an ideal choice for use in consumer electronic goods such as mobile phones, PCs, cameras, and laptops.

Further, the report states that one of the major challenges in this market is the high cost of DMFC components. One of the major components used in DMFCs is platinum and platinum-based alloys. The high cost of these components increases the overall cost of DMFCs.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Application

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned: