Global Direct Methanol Fuel Cell Market 2016-2020

Technavio’s market research analyst predicts the global DFMC market to grow at a CAGR of more than 40% during the forecast period. The rising need to save energy and high adoption of green technology in many countries are the major drivers contributing to the growth of the global DMFC market. At present, governments worldwide are taking several initiatives, in terms of investments, R&D, and commercialization, to increase energy efficiency and reduce energy consumption. As a result, there has been an increased focus on energy-efficient products for energy generation and storage, including fuel cells.