Global Direct Menthol Fuel Cell Market – Industry Trends and Forecast to 2029

Global Direct Menthol Fuel Cell Market, By Type (1 KW, 1 KW-5 KW), Component (Electrode, Membrane, Balance of System, Balance of Stack), Product (Bipolar Plates, Catalyst, Current Collector, Membrane), Application (Portable, Stationary, Transportation), End User (Defense and Security, Mobility and Industrial Application, Leisure, Materials Handling Equipment, Telecommunications, Other) – Industry Trends and Forecast to 2029

Market Analysis and Size

The direct menthol fuel cell are nevertheless in an evolving level with the advanced technology and are anticipated to gain essential traction over the forecast period. While a traditional combustion-primarily based totally strength plant manages to generate 33 percentage to 35 percentage energy efficiency, the direct methanol fuel cells can without problems convert 60 percentage of gasoline effectively or maybe higher. Moreover, it permits enterprise and domestic to generate strength effectively, that is possibly to be an increase rendering aspect for the market, thus favoring the market growth over the forecast period.

Global Direct Menthol Fuel Cell Market was valued at USD 710.0 million in 2021 and is expected to reach USD 986.73 million by 2029, registering a CAGR of 4.2% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Market Definition

The direct menthol fuel cell (DMFCs) are basically a subcategory of proton-exchange fuel cells in which methanol is used as the fuel. The direct menthol fuel cell possess various advantages such as the ease of fuel delivery and storage, ease of transport of methanol, reduced design complexity, lower cost of methanol, lack of humidification requirements and the high power density.

Report Scope and Market Segmentation

Direct Menthol Fuel Cell Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Surging Need to Reduce Carbon Emissions

There has been growing need to reduce carbon emissions across the globe. As a result of growing environmental concerns, there has been a significant requirement for replacing diesel powered  internal combustion (IC) engines and batteries, which largely creates the demand for the direct menthol fuel cell market during the forecast period over the forecasted period.

• Surging Awareness Regarding Clean Energy And Zero Emission Energy Sources

Moreover, the surging awareness associated with the zero emission energy sources is expected to boost market growth largely over forecasted period. Over the projected period, increased awareness about the availability of clean energy as well as the benefits of using it will also drive growth in the global direct menthol fuel cell market.

Furthermore, the increasing demand for clean energy solutions is estimated to be the primary driving factor for the market. The direct menthol fuel cell is more reliable than internal combustion engines, which also accelerates the market growth. The direct methanol fuel cell market is expected to benefit from rising personal electronic product use as well as the demand for longer battery life and improved performance. Moreover, the factors such as the ease of transportation and storage and high energy density are expected to drive growth in the global direct menthol fuel cell market during the forecast period.

Opportunities

• Awareness and Investments

The companies' increased investment in research and development for initiatives and commercialization of these cells is estimated to further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Furthermore, the high investments in fuel cell development are estimated to further provide growth opportunities for the direct menthol fuel cell market.

Restraints/Challenges

• Disadvantages of Menthol Fuel Cell

However, the methanol crossover and the low efficiency are a major impediment to the global direct menthol fuel cell market's growth. Moreover, the expensive catalyst also restraints the market growth over the forecasted period.

• Dearth of Commercialization and Infrastructure

Furthermore, the lack of commercialization coupled with the lack of lack of infrastructure for direct menthol fuel cell (DMFC) vehicles is expected to impede the growth of the global direct menthol fuel cell market over the forecast period. This factor is estimated to pose as a serious challenge to the growth of the direct menthol fuel cell market.

This direct menthol fuel cell market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the direct menthol fuel cell market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Direct Menthol Fuel Cell Market

The recent outbreak of coronavirus had an adverse impact on the direct menthol fuel cell market as the halt and suspension of various production, supply as well as the manufacturing operations of direct menthol fuel cell due to the lockdown restrictions. These restrictions also largely hampered various industrial operations and disrupted the supply chain, affecting the market largely. Moreover, there was lack of workers, due to which majority of businesses have ceased operations. Furthermore, import and export activities were severely hampered, negatively impacting industries that use direct menthol fuel cell and as a result, the global market. The various projects across the regions such as the Germany, China, U.S. and South Korea are delayed leading to various operational issues for companies. Moreover, the market has largely faced loss owing to the decreased consumption. These factors largely clogged the market growth and expansion.

On the plus side, the extensive product usage in the production of electricity and wide application across the electric vehicles are projected to favor industry sustenance. This will further result in an accelerated market growth over the forecasted period.

Recent Developments

In January 2021, SFC Energy AG (SFC), a global pioneer in hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions, has awarded Johnson Matthey (JM) a new multi-million pound contract to supply 400,000 Direct Methanol MEA (Membrane Electrode Assemblies) fuel cell components. The deal will be evaluated starting in February 2021 and will last for more than three years.

Global Direct Menthol Fuel Cell Market Scope

The direct menthol fuel cell market is segmented on the basis of type, component, product, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• 1 KW
• 1 KW-5 KW

Component

• Electrode
• Membrane
• Balance of System
• Balance of Stack

Product

• Bipolar Plates
• Catalyst
• Current Collector
• Membrane

Application

• Portable
• Stationary
• Transportation

End User

• Defense and Security
• Mobility and Industrial Application
• Leisure
• Materials Handling Equipment
• Telecommunications
• Other

Direct Menthol Fuel Cell Market Regional Analysis/Insights

The direct menthol fuel cell market is analyzed and market size insights and trends are provided by country, type, component, product, application and end user as referenced above.

The countries covered in the direct menthol fuel cell market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the direct menthol fuel cell market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The increased growth of the market is attributed to the massive adoption rate of electric vehicles within the region in the forecast period of 2022 to 2029. Moreover, the high investment in countries like South Korea and Japan also boosts the market growth.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022 to 2029 due to the regional focus in implementing clean energy solutions within the region. U.S. is expected to dominate the market share within the region owing to the various incentives provided by the government for the adoption of fuel cell technology.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Direct Menthol Fuel Cell Market Share Analysis

The direct menthol fuel cell market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to direct menthol fuel cell market.

Some of the major players operating in the direct menthol fuel cell market are

• SFC Energy AG (Germany)
• Ballard Power Systems (Canada)
• Blue World Technologies ApS (Denmark)
• Oorja Protonics (U.S.)
• Horizon Fuel Cell (Singapore)
• Fujikura Ltd. (Japan)
• Sharp Corporation (Japan)
• Antig Technology Co. Ltd., (Japan)
• Panasonic Corporation (Japan)
• MeOH Power (U.S.)
• Bren-Tronics Inc. (U.S.)
• Treadstone Technologies Inc., (U.S.)
• Viaspace (U.S.)
• Dow (U.S.)
• DuPont (U.S.)
• Johnson Matthey (UK)
• SAMSUNG SDI CO., LTD., (South Korea)
• Ultracell LLC (U.S.)
• PolyFuel, LLC (U.S.)