Microbial Fuel Cell Market Analysis

Microbial Fuel Cell Market is expected to be valued at USD 9.1 Billion, with a CAGR of 17.1% Forecast by 2027, 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.

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.

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.

Access Report Details @ https://www.marketresearchfuture.com/reports/microbial-fuel-cell-market-7194

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.

Industry Updates

December 2020- WSU’s scientists have come up with a new microbial fuel cell system to purify wastewater effectively.