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. Adapting to the recent novel
COVID-19 pandemic, the impact of the COVID-19
on Microbial Fuel Cell Market is included in the present report.
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.
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).
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
NOTE: Our team of researchers are studying
Covid19 and its impact on various industry verticals and wherever required we
will be considering covid19 footprints for a better analysis of markets and
industries. Cordially get in touch for more details.
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