The climate change crisis has become the key driver for the global microbial fuel cell (MFC) market. The growing focus on MFC is attributable to its capability to generate electricity from organic and inorganic compounds. This is expected to create demand for MFC in areas that demand low-to-medium power. Analysts anticipate that the global MFC market will gain substantially from the rising electricity demand. According to Fairfield Market Research, the global microbial fuel cell (MFC) market is expected to be worth US$15.59 Mn by the end of 2025 from US$9.96 Mn in 2020. The global market is expected to register a CAGR of 9.8% between the forecast years of 2020 to 2029.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧,𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝑭𝒓𝒆𝒆 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐇𝐞𝐫𝐞 ➦ https://straitsresearch.com/report/microbial-fuel-cell-market/request-sample
Microbial fuel cells (MFC) are a new generation of fuel cells that employ the use of bacteria and convert the released energy into electrical energy. These cells run on food waste, sewage, and wastewater and are environmentally friendly since they don't burn fossil fuels to produce electricity. The bacteria present in the microbial fuel cell continue to generate electricity by replicating themselves, as long as the source (food) to nourish them is made available. There has been a considerable amount of investment in the research and development of these cells.
Growing demand for energy production with renewable and alternative fuel sources is gaining momentum and likely to create upswings for market growth. The idea of harnessing energy from bacteria was coined in 1911 by a professor of botany called M.C Potter. The market is in its growth and developmental stage and will continue to see a positive trend owing to the demand for renewable energy from all quarters.
Key Players
- Protonex
- Cambrian Innovation Inc
- Fluence Corporation Limited
- Cambrian Innovation Inc
- Vinpro Technologies
- Triqua International BV
- Sainergy Tech, Inc.
- MICROrganic Technologies
- Prongineer
- Microbial Robotics
- Emefcy
- ElectroChem
- Fluence Corporation Limited
The global plastic to fuel technology market is forecast to reach USD 3.02 Billion by 2028, according to a new report by Reports and Data.
The insufficient recycling process is leading researchers to look for alternate disposal method for the mounting plastic wastes.Approximately less than 5% of the plastics produced every year is recycled.
The waste that has already been disposed of in the ocean would take a minimum of 450 years to biodegrade.
They can reduce the negative impact on the environment due to low sulfur content and simultaneously reducing recycled materials along the way.Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/1556Further key findings from the report suggestPyrolysis dominates the segment of technology by occupying the largest market share of ~45% in the year 2020.
The application of this type of plastic for conversion into fuel is large and is forecasted to grow with a CAGR of 14.5% during the forecast period.Among the end-fuel generated by plastic, crude oil dominated the market with a share of ~57% in the year 2020.
Increasing demand and consumption of plastics in the U.S. and the government’s stringent policies towards energy security are boosting the market in the region.Asia Pacific is forecasted to have the highest growth rate of 15.1% during the forecast period.
