The report, now available on ASDReports, recognizes the following companies as the key players in the Global Direct Methanol Fuel Cell Market: DMFCC, Hitachi, Oorja Protonics and SFC Energy.
Other Prominent Vendors in the market are: Enocell, FuelCellsEtc and Neah Power Systems.
Commenting on the report, an analyst said: “Advances in technology have boosted the growth and use of DMFCs in different electronics devices. For instance, the use of DMFC in combination with batteries in forklifts extends the working time, reduces the operating cost, and also reduces the greenhouse gas emissions. Oorja Model 3, when used in a MHE, reduces the dependency on grid power and the CO2 emissions by 66%. These technological advancements can find solutions and help address the technical limitations of DMFCs.”
According to the report, Energy density is defined as the amount of energy stored in a device for a certain period of time. One of the main advantages of DMFCs is that they use the high energy density methanol as fuel. It burns slower than gasoline, producing energy for a longer period of time. Thus, DMFCs are the ideal choice for small vehicles such as tuggers and forklifts. DMFCs are also best suited for portable power usage in consumer electronic goods such as mobile phones, PCs, cameras, and laptops.
Further, the report states that DMFCs have many technical limitations. The major limitation is the high methanol crossover rate through the polymer electrolyte membrane. Even a small amount of methanol crossing over to the cathode results in a rise of CO2 produced, affecting the performance of DMFC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Feb 25, 2016