Microbial Fuel Cell Market Overview
According to Market Research Future (MRFR)’s
assessment, the global
microbial fuel cell market is set to expand at 9% CAGR over the forecast
period 2016 to 2023. MFC is a bio-electrochemical system which transforms
chemical energy into electricity by using bacteria and mimicking bacterial
interactions. It is used for power generation applications that requisites low
power. Furthermore, any organic material is capable of being used for feeding
these fuels. This, in turn, is likely to enable the microbial fuel cell market
to gain traction in the years to come.
Rapid urbanization in conjunction with strengthening
global economy has intensified the need for potable water across the world. It
is projected to accelerate the revenue creation for the players of the
microbial fuel cell market as it uses microbial flora for the generation of
electricity. Thus, the increasing investments in water treatment solutions are
poised to boost the growth trajectory of the market across the review period. MFC
is gaining popularity at a rapid pace owing to its key advantage of
cost-effectiveness. It has a better cost-benefit than other alternatives
available such as renewable energy production from biomass. Thus, the report
asserts that the market is likely to remain highly attractive over the next
couple of years. An inflow of investments is forecasted which is poised to
favor market expansion in the foreseeable future.
Market Segmentation:
By type, the global microbial fuel cell market has
been segmented into mediator and non-mediator.
By application, the microbial fuel cell market has
been segmented into power generation, wastewater treatment, and biosensor.
By end-user, the global microbial fuel cell market has
been segmented into agriculture, food & beverage, healthcare, government
& municipal, and others.
Regional Analysis:
By region, the global microbial fuel cell market has
been segmented into North America, Europe, Asia Pacific, South America, and the
Middle East & Africa (MEA). North America is currently leading the global
market and is anticipated to maintain its prominence over the next couple of
years.
Competitive Dashboard:
The important players of the global microbial fuel
cell market profiled in this MRFR report are Pilus Energy LLC (US), Triqua
International BV (The Netherlands), Vinpro Technologies (India), Fluence
Corporation Limited (US), Electrochem Solutions and Emefcy Ltd (US), Prongineer
R&D Ltd (Canada), MICROrganic Technologies Inc. (US), and Sainergy Tech
(US).
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