MarketsandMarkets: DMFC Unit Shipments to grow at CAGR of 45.3% from 2011 to 2016
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.
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.
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