Global Microbial Fuel Cell Market Research Report: Information by Type (Mediator and Non-Mediator), Application (Power Generation, Wastewater Treatment, Biosensor), End-User (Agriculture, F&B, Healthcare, Government & Municipal) & Region – Forecast till 2023
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.
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.
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Report at: https://www.marketresearchfuture.com/reports/microbial-fuel-cell-market-7194
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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