Market
Scope
The global microbial fuel cell market
is set to achieve a promising growth rate of 9.00% during the forecast period
(2016-2023), anticipates Market Research Future (MRFR).
Primary
Drivers and Key Barriers
A microbial fuel cell (MFC) refers to
a bio-electrochemical system that helps make electricity with the use of bacteria
present in the atmosphere. Such bacteria are considered types of micro creatures
that can prevent contaminants, and also produce electricity. MFCs have the
ability to absorb electrons from their nourishment sources and along these
lines, are able to transform basic soil into an origin of vitality. In
wastewater treatment, MFCs are creating new business opportunities for industry
participants.
A microbial fuel cell is ideal for
use in a number of complex applications such as commercial waste treatment,
hydrogen generation, and water treatment among others, since it helps create
electricity from a broad range of fuels. In addition, soaring demand for energy
along with surging awareness about the environment shapes the microbial fuel
cell market positively. Use of fossil
fuel resources can cause pollution and results in global warming. MFC are
viewed as a renewable energy resource, which helps elevate its appeal among
those end-users looking for environmental friendly products.
Mounting demand for portable water
coupled with government initiatives for environmental sustainability helps
microbial fuel cell market advance significantly across the globe. Furthermore,
rising focus on wastewater treatment is taking the microbial fuel cell market
to greater heights.
Market
Segmentation
Global microbial fuel cell market has
been segmented based on type and application.
Based on type, the market has been
classified into mediator and non-mediator. Mediator fuel cells enjoy high
demand in the market, as kind of fuel cells are non-toxic.
The segments, according to application
are wastewater treatment, power generation, biosensor, and others. Wastewater
treatment segment is estimated to lead the market in subsequent years, owing to
surging investments in water & wastewater treatment sector. Also, MFCs
offer a host of benefits when used in wastewater treatment industry, such as
reduced energy consumption compared to activated sludge process as well as no
need for highly regulated distribution systems that are common in
hydrogen-based fuel cells.
The end-users in the market are
agriculture, food and beverage (F&B), healthcare, government &
municipal and others. Growing demand for water to manufacture various foods and
beverages has landed the F&B segment at the top spot in the market.
Regional
Insight
North America, Asia Pacific (APAC),
Middle East & Africa and Europe are the primary markets for microbial fuel
cell.
North
America is possibly on the verge of gaining the top spot in the global Microbial
Fuel Cell Market Size, given the considerable investments
in research and development (R&D) activities by governments and other
agencies. These R&D activities help in developing advanced MFC with
innovative features, which helps stimulate the growth of the microbial fuel
cell market in the region.
The MFC market in APAC is estimated
to be strong in the coming years, as the region consists of several populous
countries like India, Japan and China. These countries have a large population that
still resides in villages and remote areas, where MFC is used for household
renewable power generation, to acquire clean and low-cost power supply.
Moreover, the region is noted for being a manufacturing hub for low priced technologies,
and availability of cheap labor as well as raw materials.
Europe notes high investments by
governments along with other organizations in development of cost-effective as
well as sustainable fuel cell technologies. The region is known for its massive
contribution to research and development, particularly in the renewable
technology sector, which gives a substantial boost to the microbial fuel cell
market.
Significant
Companies
Fluence Corporation Limited (US),
Triqua International BV (The Netherlands), Vinpro Technologies (India), Electrochem
Solutions and Emefcy Ltd (US), Pilus Energy LLC (US), MICROrganic Technologies
Inc. (US), Sainergy Tech (US), Prongineer R&D Ltd (Canada), are some of the
top players in the global microbial fuel cell market.
Related Reports:
No comments:
Post a Comment