Microbial Fuel Cell Market Research Report – Global
Forecast till 2023
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.
The COVID-19
Analysis of Microbial Fuel Cell Market Size is enduring an exacting
period with its robust growth coming to an abrupt halt in light of the COVID-19
pandemic. Excessive research & development activities are anticipated to be
observed in the microbial fuel cell market which is likely to dictate the
growth trends of the market. Supportive regulations framed by the governments
for prompting the adoption of MFC are further expected to propel the
proliferation of the market in the nearby future. On the flip side, the
expensiveness of the components associated with a microbial fuel cell is
anticipated to hinder market growth over the assessment period.
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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