Global Direct Methanol Fuel Cell (DMFC) Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:36:03
The Global DMFC market is to grow at a CAGR of 44.2 percent over the period 2014-2018. One of the key factors contributing to this market growth is the high energy density of DMFC. The Global DMFC market has also been witnessing technological advancement. However, the high cost of materials could pose a challenge to the growth of this market.
Over the years, there has been a tremendous increase in the number of technological advancements, which has led to a subsequent growth in the usage of DMFCs in various electronics devices. These technological advancements can be used to address the technical limitations of DMFCs by bringing down the fuel crossover and oxidation reduction. Significant developments have been made to increase the system energy densities. With the increase in energy density, the lifespan and performance of DMFCs will also increase, thereby enabling the usage of DMFCs in many portable applications. Currently, lithium-based batteries are mainly used in portable applications. However, due to the rapid technological advancements, lithium-based batteries are likely to be replaced with DMFCs in the next few years. Thus, the rapid technological advancements is a new trend that is expected to have a positive impact on the market during the forecast period.
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