Microbial Fuel Cell Market Synopsis:
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.
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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.
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.
Competitive Dashboard:
Global Microbial Fuel Cell 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.
Microbial Fuel Cell Regional Industry 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. 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.
Industry News:
In January 2019, JSP Enviro, an Indian startup, was in talks with a garment dyeing unit for the setting up of a prototype microbial fuel cell technology wastewater treatment plant for power generation.
In November 2018, researchers from the University of Naples Parthenope have tested two biowaste 3D printed microbial fuel cells configurations.
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