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Direct Methanol Fuel Cells (DMFC) Unit Shipments to Grow at CAGR of 45.3% from 2011 to 2016 - New Report by MarketsandMarkets

(PRWEB) September 14, 2013

According to the new market research report “Direct Methanol Fuel Cells (DMFC) Technical Insights & Market Opportunities” published by MarketsandMarkets, the global DMFC unit shipments are expected to grow from 4,780 units in 2011 to 92,000 units in 2016 at an estimated CAGR of 45.3% for the same period. Asia is expected to lead the global DMFC market with share of 38%; followed by North America (35%), and Europe (27%) in terms of unit shipments by the year 2016.

Browse 63 market data tables with 19 figures and in-depth TOC on Direct Methanol Fuel Cells (DMFC) Technical Insights & Market Opportunities.

Early buyers will receive 10% customization on this report.

The major drivers of DMFC are higher energy density than other conventional batteries, government funding, and more reliability than internal combustion engines. The major restraints in development of DMFC are high cost of catalyst; technical limitations such as methanol cross over, and need for methanol cartridge distribution infrastructure. Major challenges in DMFC are low cost membrane manufacturing and replacement of platinum catalyst. Industry players are observed to collaborate with other fuel cell research institutions and component providers to speed up the commercialization.

Browse related reports

Europe Fuel Cell Technology Market: by Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) & Geography - European Trends And Forecast to 2018

Fuel Cell Technology Market: by Applications (Portable, Stationary, Transport), Types (PEMFC, DMFC, PAFC, SOFC, MCFC), Fuel (Hydrogen, Natural Gas, Methanol, Anaerobic Digester Gas) & Geography - Global Trends and Forecast to 2018

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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