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Direct Methanol Fuel Cells - Global Strategic Business Report

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    Report

  • 215 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5029966

Global Direct Methanol Fuel Cells Market to Reach $538.5 Million by 2030

The global market for Direct Methanol Fuel Cells estimated at US$217.1 Million in the year 2023, is projected to reach a revised size of US$538.5 Million by 2030, growing at a CAGR of 12% over the analysis period 2023-2030.

Methanol Fuel CellElectrodes, one of the segments analyzed in the report, is projected to record 13.5% CAGR and reach US$280.9 Million by the end of the analysis period. Growth in the Methanol Fuel Cell Membranes segment is estimated at 12.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $57.2 Million, While China is Forecast to Grow at 14.1% CAGR

The Direct Methanol Fuel Cells market in the U.S. is estimated at US$57.2 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$81.6 Million by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 10.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 22 Featured)

  • Panasonic Corporation
  • Toshiba Corporation
  • Fujikura Ltd.
  • Giner, Inc.
  • Viaspace, Inc.
  • Tuv Nord Group
  • Siqens GmbH

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Continued Interest & Investments in Fuel Cell Science Provides the Foundation for Growth of Direct Methanol Fuel Cells
  • Heady Pace of Growth for Fuel Cell Technologies Sets the Tone for Growth of Direct Methanol Fuel Cells: Global Market for Fuel Cells (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Global Economic Outlook
  • Competition
  • Direct Methanol Fuel Cells - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Direct Methanol Fuel Cells: Definition, Overview, Importance & Benefits
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • With World Climate Conditions in Dire Straits, the Accelerated Clean Energy Transition Opens Attractive Growth Avenues for Direct Methanol Fuel Cells (DMFCs)
  • The World at the Crossroads of Climate Change
  • As Global Air Becomes Toxic, The World is Still Waiting for Breakthroughs in Clean Energy Technlogies: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
  • Against this Backdrop, Clean Energy Technologies Get a Boost
  • DMFCs is Poised to Give Fillip to the Robustly Growing & On-Track Clean Energy Agenda: Global Investments in Clean Energy Transition (In US$ Billion) for Years 2016 Through 2022
  • Powering the Future of Clean Energy is Direct Methanol Fuel Cells. Here’s How
  • Rise of the Methanol Economy & Increased Production of Methanol as Liquid Fuel Alternative to Conventional Fossil Fuels to Support Growth of the DMFCs
  • From Methanol Fuel Cell Vehicles to EV Range Extender, DMFCs to Help the Transition to Zero Emission Transportation
  • Reshaping Global Military Spending in the Amidst of the Russia-Ukraine War to Benefit Military Applications of DMFCs in the Medium to Long-Term
  • Robust Defense Spending Opens New Opportunities for Increased Use of Direct Methanol Fuel Cells in Military Applications: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
  • Direct Methanol Fuel Cell Emerges as the Preferred Choice for PorTable Devices
  • DMFC Emerge as a SuiTable Alternative to Traditional Battery Systems in Material Handling Applications
  • Technology Innovations & Advancements Remain Crucial for Sustained Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Electrodes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Electrodes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Membranes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Membranes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Balance of Stack by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Balance of Stack by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Balance of System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for Balance of System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for PorTable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for PorTable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Stationary by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Stationary by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 15: World Direct Methanol Fuel Cells Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
  • Table 16: World Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World 7-Year Perspective for Direct Methanol Fuel Cells by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Direct Methanol Fuel Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Table 18: USA Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 19: USA 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 20: USA Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 21: USA 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
CANADA
  • Table 22: Canada Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 23: Canada 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 24: Canada Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 25: Canada 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
JAPAN
  • Table 26: Japan Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 27: Japan 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 28: Japan Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 29: Japan 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
CHINA
  • Table 30: China Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 31: China 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 32: China Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 33: China 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
EUROPE
  • Direct Methanol Fuel Cells Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Table 34: Europe Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 35: Europe 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 37: Europe 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
  • Table 38: Europe Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 39: Europe 7-Year Perspective for Direct Methanol Fuel Cells by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
  • Table 40: France Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 41: France 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 42: France Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 43: France 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
GERMANY
  • Table 44: Germany Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 45: Germany 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 46: Germany Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 47: Germany 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
ITALY
  • Table 48: Italy Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 49: Italy 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 50: Italy Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 51: Italy 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
UNITED KINGDOM
  • Table 52: UK Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 53: UK 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 54: UK Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 55: UK 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
REST OF EUROPE
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Europe 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 58: Rest of Europe Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 59: Rest of Europe 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
ASIA-PACIFIC
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 61: Asia-Pacific 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 63: Asia-Pacific 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
REST OF WORLD
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Component - Electrodes, Membranes, Balance of Stack and Balance of System - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 65: Rest of World 7-Year Perspective for Direct Methanol Fuel Cells by Component - Percentage Breakdown of Value Sales for Electrodes, Membranes, Balance of Stack and Balance of System for the Years 2024 & 2030
  • Table 66: Rest of World Recent Past, Current & Future Analysis for Direct Methanol Fuel Cells by Application - Portable, Stationary and Transportation - Independent Analysis of Annual Sales in US$ Thousand for the Years 2023 through 2030 and % CAGR
  • Table 67: Rest of World 7-Year Perspective for Direct Methanol Fuel Cells by Application - Percentage Breakdown of Value Sales for Portable, Stationary and Transportation for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Panasonic Corporation
  • Toshiba Corporation
  • Fujikura Ltd.
  • Giner, Inc.
  • Viaspace, Inc.
  • Tuv Nord Group
  • Siqens GmbH