Global Microbial Fuel Cell Market Research Report Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Global Microbial Fuel Cell Market Forecast to 2023 Global Microbial Fuel Cell Market - Overview 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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Global Microbial Fuel Cell Market Forecast to 2023
Global Microbial Fuel Cell Market Analysis 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.
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Global Microbial Fuel Cell Market Forecast to 2023 Primary Drivers and Key Barriers A microbial fuel cell (MFC) refers to a bio-electrochemical system that helps make electricity with the use of bacteria present in the atmosphere. Such bacteria are considered types of micro creatures that can prevent contaminants, and also produce electricity. MFCs have the ability to absorb electrons from their nourishment sources and along these lines, are able to transform basic soil into an origin of vitality. In wastewater treatment, MFCs are creating new business opportunities for industry participants.
A microbial fuel cell is ideal for use in a number of complex applications such as commercial waste treatment, hydrogen generation, and water treatment among others, since it helps create electricity from a broad range of fuels. In addition, soaring demand for energy along with surging awareness about the environment shapes the microbial fuel cell market positively. Use of fossil fuel resources can cause pollution and results in global warming. MFC are viewed as a renewable energy resource, which helps elevate its appeal among those end-users looking for environmental friendly products.
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Global Microbial Fuel Cell Market Forecast to 2023
Global Microbial Fuel Cell Market - Segments
Global microbial fuel cell market has been segmented based on type and application. Based on type, the market has been classified into mediator and non-mediator. Mediator fuel cells enjoy high demand in the market, as kind of fuel cells are non-toxic. The segments, according to application are wastewater treatment, power generation, biosensor, and others. Wastewater treatment segment is estimated to lead the market in subsequent years, owing to surging investments in water & wastewater treatment sector. Also, MFCs offer a host of benefits when used in wastewater treatment industry, such as reduced energy consumption compared to activated sludge process as well as no need for highly regulated distribution systems that are common in hydrogen-based fuel cells. The end-users in the market are agriculture, food and beverage (F&B), healthcare, government & municipal and others. Growing demand for water to manufacture various foods and beverages has landed the F&B segment at the top spot in the market.
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Global Microbial Fuel Cell Market Forecast to 2023
Global Microbial Fuel Cell Market - Regional Outlook
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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Global Microbial Fuel Cell Market Forecast to 2023
Leading Players:
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Pilus Energy LLC (US), Triqua International BV (The Netherlands), Vinpro Technologies (India), Fluence Corporation Limited (US), Electrochem Solutions, Emefcy Ltd (US), Prongineer R&D Ltd (Canada), MICROrganic Technologies Inc. (US), and Sainergy Tech (US).
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