Direct Methanol Fuel Cell Market Share

APAC Market Statistics

Asia Pacific industry is likely to dominate majority revenue share of 35% by 2037. This growth can be impelled by the growing production of methanol, as its fuel has been explored and tested in China for the past ten years to assist the country in meeting its carbon-neutrality target more quickly and transform the automotive sector.

In China, the majority of China's methanol comes from its farms, with the remaining supplies coming from natural gas and cooking gas. For instance, China is currently the world leader in the production and use of methanol, accounting for more than 55% of the global supply.

North American Market Statistics

The North America direct methanol fuel cell market is projected to escalate substantially reaching a growth of 25% during the forecast period.  The frequency, duration, and intensity of extreme weather events are increasing as a result of climate change, placing further strain on the nation's aging overburdened electrical infrastructure. This has led to over 75% more weather-related power disruptions on average annually in the United States.