Direct Methanol Fuel Cell Market Segmentation:
Application Segment Analysis
The stationary power segment will dominate the market with more than 33% market share by 2036, which is fueled by the demand for reliable off-grid power solutions. Off-grid power systems often need continuous electricity, which is powered by a generator and operated on diesel, which emits more carbon. The use of electric generators employs methanol fuel cells, which emit less carbon and keep the environment safe. The Indian Ministry of Defence report on Technology Perspective capability roadmap confirms DMFC as a viable alternative in power solutions. According to a report from Siltec, they have successfully supplied 45,000 fuel cells worldwide to the defence sector, further demonstrating the strong adoption in heavy vehicles. The off-grid radars and UPS unit can be powered more effectively if DMFC is employed in grids; moreover, their maintenance will also be less, as methanol-powered fuel cells are durable in nature, leading to their widespread adoption in Europe and North America.
Our in-depth analysis of the global direct methanol fuel cell market includes the following segments:
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