Asia-Pacific Direct Methanol Fuel Cell Market Size and Share

Asia-Pacific Direct Methanol Fuel Cell Market Summary
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Asia-Pacific Direct Methanol Fuel Cell Market Analysis by Mordor Intelligence

The Asia-Pacific Direct Methanol Fuel Cell Market is expected to register a CAGR of greater than 14% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market now reached pre-pandemic levels.

  • Over the medium term, with the increasing focus on adopting clean energy and improving fuel efficiency, the use of fuel cells for various applications such as transportation, stationary, and portable applications is expected to drive market growth in the future.
  • On the other hand, a wide variety of other fuel cell technologies are available, including solid oxide fuel cells, proton-electron membrane fuel cells, and alkaline fuel cells. It is expected to hamper the growth of the market.
  • Nevertheless, the direct methanol fuel cell (DMFC) eliminates the need for charging infrastructure for the battery. In addition, methanol is relatively inexpensive, includes a relatively high energy density, and is easily transported and stored in warehouses, thus likely to support the market. In turn, this is likely to create huge opportunities for market players shortly.
  • China is expected to dominate the direct methanol fuel cell market. Due to the growing use of electric vehicles and the increase in demand for consumer electronics caused by urbanization and power purchase parity, electric vehicle deployment is increasing.

Competitive Landscape

The Asia-Pacific direct methanol fuel cell market is moderately fragmented. Some of the major players in the market (in no particular order) include Fujikura Ltd., Horizon Fuel Cell Technologies, SFC Energy AG, Antig Technology Co., Ltd, and Viaspace Inc.

Asia-Pacific Direct Methanol Fuel Cell Industry Leaders

  1. Fujikura Ltd.

  2. Horizon Fuel Cell Technologies

  3. SFC Energy AG

  4. Antig Technology Co., Ltd

  5. Viaspace Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Direct Methanol Fuel Cell  Market Concentration
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Recent Industry Developments

  • February 2023: China Petroleum & Chemical Corporation (Sinopec) launched the country's first methanol-to-hydrogen and hydrogen refueling station in Dalian, China. An advancement from the previous fueling station offering oil, gas, hydrogen, and electric charging services, the integrated complex can deliver 1,000 kg of hydrogen a day, with a purity of 99.99%.
  • April 2022: TecNrgy and SFC Energy signed a joint venture agreement to manufacture hydrogen and methanol fuel cells in India. As part of the venture, a manufacturing facility, a research and development center, and a repair facility will be established in Gurugram, Haryana.

Table of Contents for Asia-Pacific Direct Methanol Fuel Cell Industry Report

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Stationary
    • 5.1.2 Portable
    • 5.1.3 Transportation
  • 5.2 Geography
    • 5.2.1 China
    • 5.2.2 India
    • 5.2.3 Japan
    • 5.2.4 South Korea
    • 5.2.5 Rest of Asia Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Fujikura Ltd.
    • 6.3.2 Horizon Fuel Cell Technologies
    • 6.3.3 SFC Energy AG
    • 6.3.4 Antig Technology Co., Ltd
    • 6.3.5 Viaspace Inc.
    • 6.3.6 Oorja Protonics, Inc
    • 6.3.7 FC TecNrgy Pvt Ltd
    • 6.3.8 Ballard Power Systems Inc.
    • 6.3.9 Guangzhou Neerg Eco Technologies Co., Ltd.
    • 6.3.10 XNRGI, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Asia-Pacific Direct Methanol Fuel Cell Market Report Scope

The direct methanol fuel cell (DMFC) is an electrochemical energy conversion device that converts the chemical energy of liquid methanol directly into electrical energy without requiring intermediary processes or moving parts, making it an efficient energy source.

The Asia-Pacific direct methanol fuel cell market is segmented by application and geography. The market is segmented by application into stationary, portable, and transportation. The report also covers the market size and forecasts for the direct methanol fuel cell market across the major countries in the region. Each segment's market sizing and forecasts are based on revenue (USD billion).

Application
Stationary
Portable
Transportation
Geography
China
India
Japan
South Korea
Rest of Asia Pacific
Application Stationary
Portable
Transportation
Geography China
India
Japan
South Korea
Rest of Asia Pacific
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Key Questions Answered in the Report

What is the current Asia-Pacific Direct Methanol Fuel Cell Market size?

The Asia-Pacific Direct Methanol Fuel Cell Market is projected to register a CAGR of greater than 14% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Direct Methanol Fuel Cell Market?

Fujikura Ltd., Horizon Fuel Cell Technologies, SFC Energy AG, Antig Technology Co., Ltd and Viaspace Inc. are the major companies operating in the Asia-Pacific Direct Methanol Fuel Cell Market.

What years does this Asia-Pacific Direct Methanol Fuel Cell Market cover?

The report covers the Asia-Pacific Direct Methanol Fuel Cell Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Direct Methanol Fuel Cell Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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