Dublin, Feb. 10, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/vvxhcg/direct_methanol) has announced the addition of the "Direct Methanol Fuel Cells Market (DMFC) by Application (Portable, Stationary, & Transportation), by Component (Electrode, Membrane, Balance of System, & Balance of Stack), & by Region -Global Forecast to 2020" report to their offering.
The Direct Methanol Fuel Cells market (DMFC) was valued at USD 102.85 Million in 2014, and is projected to reach a market size of USD 188.82 Million by 2020, at a CAGR of 15.3% during the forecast period.
DMFCs are electrochemical devices that convert chemical energy from methanol to electrical energy. The DMFC units are a feasible alternative to other energy sources such as batteries and diesel-powered engines. While DMFCs can be refuelled within minutes, batteries take hours to recharge. Replacing batteries with DMFCs would also eliminate the need for battery charging infrastructure within the facility. The DMFC is gradually replacing batteries for material handling applications in forklift trucks.
The demand for DMFCs is being driven by an increasing awareness about clean energy and demand for zero emission energy sources. Furthermore, stringent environmental regulations would likely compel countries to shift their primary energy mix towards cleaner fuels, such as fuel cells. This would in turn create further demand for DMFCs.
The DMFC market has been segmented on the basis of application, component, and region. The years considered for the study are:
- Historical Year - 2013
- Base Year - 2014
- Estimated Year - 2015
- Projected Year - 2020
- Forecast Period - 2015 to 2020
Scope of the Report:
On the basis of Application:
- Portable
- Stationary
- Transportation
On the basis of Component:
- Electrode
- Membrane
- Balance of System
- Balance of Stack
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Direct Methanol Fuel Cells Market, By Application
7 Direct Methanol Fuel Cells Market, By Component
8 Direct Methanol Fuel Cells Market, By Region
9 Fuel Cell Technology Market, By Type
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
- Antig Technology Co. Ltd.
- Ballard Power Systems Inc.
- Bren-Tronics Incorporated
- E. I. Du Pont De Nemours and Company
- Fujikura Limited
- Horizon Fuel Cell Technologies
- Ird Fuel Cell A/S
- Johnson Matthey
- Meoh Power, Inc.
- Oorja Protonics Inc.
- Samsung SDI
- SFC Energy AG
- Treadstone Technologies Inc.
- Viaspace Inc.
For more information visit http://www.researchandmarkets.com/research/vvxhcg/direct_methanol