The global Direct Methanol Fuel Cell (DMFC) market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2024-2031).The market has seen significant growth primarily due to increased focus on R&D by both public and private organizations. For instance, in October 2023, SFC Energy AG, a provider of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, extended its collaboration with the Swiss mobility company Auto AG Group. According to the company, this expanded partnership includes the incorporation of DMFC from the EFOY series and EFOY lithium batteries, serving consumer (motor homes and marine) and industrial sectors. Also, Auto AG hasbecome the exclusive distributor for EFOY fuel cells in Switzerland, expanding its presence in the market for small and compact equipment. Previously, their collaboration focused on the development of the mobile and emission-free hydrogen fuel cell solution, H2Genset, which was jointly created with the Austrian firm TEST-FUCHS GmbH.
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Further, in July 2023, Researchers from the National Chemical Laboratory (CSIR-NCL), Pune, and the Centre for Nano and Soft Matter Sciences (CeNS), Bangalore, developed a trimetallic PtMnCo catalyst for DMFCs. This catalyst, when doped with Manganese, demonstrates superior catalytic activity and high CO tolerance compared to commercially available catalysts. The Pt60Mn1.7Co38.3/C catalyst, in particular, exhibited 1.9 times higher mass activity than the commercial Pt/C catalyst, showcasing enhanced performance and CO tolerance attributed to the synergistic effect of Co and Mn on the Pt lattice. The study aims to address challenges associated with slow kinetics, high manufacturing costs, and CO poisoning in Pt-based catalysts for DMFCs.
Furthermore, in May 2023, Damen Yachting and Blue World Technologies which specializes in high-temperature PEM fuel cells powered by methanol collaborated to advance energy technology in the maritime industry. According to the company, the strategic collaborationis focused on Damen Yachting's goal of sustainable fuel solutions. Damen Yachting's decision to partner with Blue World Technologies is driven by the latter's advanced methanol-powered fuel cell technology, offering higher efficiency and the potential for more energy-efficient vessel operation through heat recovery.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Toshiba Corp., LG Fuel Cell Systems Inc., Johnson Matthey, SFC Energy AG, and Samsung SDI Co., Ltd. among others.
Key questions addressed by the report.
Global Direct Methanol Fuel Cell (DMFC) Market Report Segment
By Application
Global Direct Methanol Fuel Cell (DMFC) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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