Microbial Fuel Cell Market Analysis
Microbial Fuel Cell Market is expected to grow at ~9.00% CAGR during the forecast period. states the latest Market Research Future’s (MRFR) microbial fuel cell market report. Microbial fuel cell, simply put, is a bio-electrochemical device which uses bacteria as the catalyst for oxidizing inorganic and organic matter and generate current. Also it helps to transform chemical energy into electricity using oxidation reduction reactions. It comprises of a membrane and two electrodes- cathode and anode.
Various factors are fuelling the global microbial fuel cells (MFC) market growth. As per the recent MRFR market estimates, such factors include the growing need for portable water and government initiatives for environmental sustainability, increasing focus on wastewater treatment, increasing demand for portable water, government initiatives for environmental sustainability, cost-effective over other alternatives such as renewable energy production from biomass, increasing demand for energy, growing environmental awareness, and increasing use in different end user industries like education, wastewater treatment, and biosensors. The additional factors adding market growth include government initiatives, increasing population, no harmful by-products, the emphasis to reduce carbon emissions from vehicles, and the growing need for clean energy generation methods.
On the contrary, lack of availability of raw materials, higher cost, high technical needs, and the ongoing COVID-19 impact may hinder the global microbial fuel cell market growth over the forecast period.
Report Attribute/Metric
Details
CAGR
9.00% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022 to 2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Application, End-User
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global microbial fuel cell market based on end user, application, and type.
By type, the global microbial fuel cell market is segmented into non-mediator and mediator. Of these, the mediator fuel cells type segment will lead the market over the forecast period as they are non-toxic.
By application, the global microbial fuel cell market is segmented into biosensor, wastewater treatment, power generation, and others. Of these, the wastewater treatment segment will dominate the market over the forecast period for the growing investments in water and wastewater treatment sector.
By end user, the global microbial fuel cell market is segmented into government and municipal, healthcare, food and beverage, agriculture, and others.
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Regional Analysis
By region, the global microbial fuel cell market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, South America, & the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Significant amount of investments, growing R&D initiatives by the government and different enterprises, microbial fuel cell technology will be cost-effective over other alternatives such as renewable energy production from biomass, flourishing industrial sector, and ever growing population are adding to the global microbial fuel cell market growth in the region.
In the APAC region, the global microbial fuel cell market is predicted to have admirable growth over the forecast period. Wide use of MFC in Japan, China, and India as potential techniques for household renewable power generation to obtain clean and low-cost power supply, increasing focus to reduce carbon emissions by generating electrical energy and propulsion power by clean sources like fuel cells, and cleaner operating vehicles are adding to the global microbial fuel cell market growth in the region.
In Europe, the global microbial fuel cell market is predicted to have healthy growth over the forecast period for its contribution in R&D particularly in the renewable technology sector.
In the MEA and South America, the global microbial fuel cell market is predicted to have sound growth over the forecast period.
Industry Updates
December 2020- WSU’s scientists have come up with a new microbial fuel cell system to purify wastewater effectively.
Key Players
The eminent players profiled in the global microbial fuel cell market report include Sainergy Tech (US), Vinpro Technologies (India), Prongineer R&D Ltd (Canada), MICROrganic Technologies Inc. (US), Electrochem Solutions and Emefcy Ltd (US), Triqua International BV (The Netherlands), Fluence Corporation Limited (US), and Pilus Energy LLC (US), among others.
The global microbial fuel cell market is forecast to reach USD 23.2 Million by 2028, according to a new report by Reports and Data.
The growing focus on wastewater treatment will also have a positive impact on the growth of the market.
The Microbial Fuel Cell (MFC) offers a scalable alternative with much potential.
The Asia Pacific region, particularly India, Japan, and China, is forecasted to have a substantial annual growth due to the development of manufacturing hubs for cost-effective technologies, and due to the availability of less expensive labor and raw materials.
However, the lack of availability of raw materials may be a restraining factor for the growth of the market.Get Free Sample Of This Report :https://www.reportsanddata.com/sample-enquiry-form/1570Further key findings from the report suggestSingle chambered design held the largest market share of ~41% in the year 2018, due to reduced setup costs and higher power output.
Mediated microbial fuel cells transfer electrons from the microorganisms to the anode surface, either externally or internally by the organisms itself.
