Global Microbial Fuel Cell Market Synopsis:
The Microbial Fuel Cell Market 2020 is expected to gain traction due to rising popularity about the benefits of the technology. It is utilized to convert chemical energy to electrical energy by leveraging bacteria and mimicking bacterial interactions. The report presented by Market Research Future (MRFR) indicates that the global microbial fuel cell market is supposed to augment at 9% CAGR over the forecast period. The microbial fuel cell market report offers a study of the drivers and restraints and the magnitude of their impact on the growth curve of the market. A comparative study of past data and ongoing trends suggest that the microbial fuel cell market size will attain a decent valuation.
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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.
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).
Primary Drivers and Key Restraints:
Microbial fuel cell makes use of a broad range of fuel to generate electricity and the electricity can be produced using any type of organic and inorganic material. MFC also offers another benefit, which is generating electricity resulting in no harmful by-products. This technology has numerous applications, with one of the common uses in household electricity generation, wastewater treatment plants, hydrogen generation and power supply to small devices, among others.
The microbial fuel cell market can note growth at a strong rate in the coming years, backed by surging government initiatives pertaining to environmental sustainability. Also, rising focus on wastewater treatment presents numerous growth opportunities to the microbial fuel cell market, since wastewater is considered to be a source of different microbial flora. Hence, electricity generation from wastewater degradation backed by microbial flora can induce growth of the microbial fuel cell market.
The Microbial Fuel Cell Industry also benefits from the mounting demand for portable water combined with the increasing focus on environmental sustainability. The need for safe water is quite high all over the world and the broad range of chemical as well as biological methods help ensure that the water is safe enough for consumption. Therefore, the microbial fuel cell technology helps test the water quality, which caters to soaring demand for portable water.
Microbial Fuel Cell Market Segmentation:
On the basis of type, the microbial fuel cell market has been segmented into mediator and non-mediator. Among these, the mediator segment holds the is expected to hold the dominant share of the market as it uses different electrolytes.
On the basis of application, the microbial fuel cell market has been segmented into wastewater treatment, power generation, biosensor, and others.
On the basis of end-user, the microbial fuel cell market has been segmented into agriculture, food & beverage, government & municipal, healthcare, and others.
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. The region is projected to observe increasing investments across the review period. Furthermore, the rising initiatives undertaken by the governments for accelerating the adoption of MFC is presumed to augment the market in the years to come. The region is also anticipated to witness a drastic rise in research & development associated with MFC for defining the growth trajectory of the market in the nearby future. Europe is also expected to exhibit a similar growth trend in the upcoming years. It is anticipated to increase investment in the technology, thus, augmenting the regional market.
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