Market Scope
The
Microbial
Fuel Cells (MFC) 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, 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.
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