Direct Methanol Fuel Cell Market Size

Direct Methanol Fuel Cell Market size was valued at USD 3.25 billion in 2024 and is set to exceed USD 19.55 billion by 2037, expanding at over 14.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of direct methanol fuel cell is evaluated at USD 3.63 billion. The reason behind the growth is the increasing adoption of renewable energy sources across the globe.

Nowadays, about one-seventh of the primary energy produced worldwide comes from renewable sources, and by 2030, affordable electricity from renewable sources may account for around 64% of the global electrical supply. For instance, through 2026, more than 90% of the expansion in the world's electricity capacity is expected to come from renewable sources.

The usage of methanol as fuel has grown dramatically over the past few years since it has a lot to offer as an environmentally friendly fuel source, including being a cleaner fuel for automobiles with increased thermal efficiency and reduced emissions. For instance, by 2025, the world's methanol consumption is set to reach over 120 million tons.