Dec 18 2013
Research and Markets has announced the addition of the "Global Direct Methanol Fuel Cell (DMFC) Market 2014-2018" report to their offering.
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 key vendors dominating this market space are Ballard Power System Inc., E.I. du Pont de Nemours and Co., SFC Energy AG, and Toshiba Corp.
Other vendors mentioned in the report are Altair Nanomaterials Inc, Johnson Matthey Fuel Cells, LG Chem, Neah Power Systems Inc, Oorja Protonics Inc, Pacific Fuel Cell Corp., PolyFuel Inc, QuantumSphere Inc., and VIASPACE Inc.
Commenting on the report, an analyst from the team said: 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.
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Source: http://www.researchandmarkets.com