Microbial Fuel Cell Market Research Report, Analytical Overview till 2023
Posted by mrfr123 on February 7th, 2020
Microbial Fuel Cell Market Scope
Market Research Future (MRFR) reveals that the global microbial fuel cell market has the potential to attain a growth rate of 9% from 2018 to 2023, which is the forecast period.
Primary Drivers and Key Restraints
Microbial fuel cell makes use of a broad range of fuel to generate electricity and the electricity can be produced using any type of organic and inorganic material. MFC also offers another benefit, which is generating electricity resulting in no harmful by-products. This technology has numerous applications, with one of the common uses in household electricity generation, wastewater treatment plants, hydrogen generation and power supply to small devices, among others.
The microbial fuel cell market also benefits from the mounting demand for portable water combined with the increasing focus on environmental sustainability. The need for safe water is quite high all over the world and the broad range of chemical as well as biological methods help ensure that the water is safe enough for consumption. Therefore, the microbial fuel cell technology helps test the water quality, which caters to soaring demand for portable water.
Global Microbial Fuel Cell Market Segmentation
Type, application and end-user are the top segments as per which the worldwide Microbial Fuel Cell Market Research report has been extensively analyzed in the MRFR report.
The market, depending on the type, has been considered for mediator and non-mediator.
Application-based market segments are power generation, wastewater treatment, biosensor and others. Wastewater treatment segment is expected to dominate the market during the forecast period due to rising investments in water & wastewater treatment sector. Moreover, the key advantages of MFCs in wastewater treatment industry includes less energy consumption compared to activated sludge process and non-requirement of highly regulated distribution systems like the ones in hydrogen-based fuel cells.
The various end-users in the market include agriculture, food and beverage, healthcare, government and municipal and others.
South America, Asia Pacific (APAC), North America, the Middle East and Africa along with Europe are the primary markets for microbial fuel cell.
In 2017, North America was revealed to be the top market for microbial fuel cell, as a result of the massive investments being made in research and development (R&D) and various initiatives undertaken by the government as well as many enterprises. The demand for microbial fuel cell technology in the region is at an all-time high as it is quite cost-effective, especially when compared to other alternatives such as renewable energy generation by biomass.
The APAC MFC market is expected to note the second-highest growth rate, backed by numerous populous nations like India, Japan and China. In these countries, a substantial part of the population resides in villages as well as remote areas, where MFC has the potential to be used for household renewable power generation, so the people in these areas can enjoy clean and low-cost power supply.
Europe is frequently abuzz with numerous research and development activities, mostly in the renewable technology sector. The MEA market growth in the future is also expected to be positive, since slow economic growth and most of the people living in remote places boosts the demand for MFC.
The leading companies in the worldwide market for microbial fuel cell include Sainergy Tech (US), Pilus Energy LLC (US), Prongineer R&D Ltd (Canada), Triqua International BV (The Netherlands), Vinpro Technologies (India), Fluence Corporation Limited (US), Electrochem Solutions and Emefcy Ltd (US), MICROrganic Technologies Inc. (US), to name a few.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Also See: Microbial Fuel, Fuel Cell, Cell Market, Wastewater Treatment, Research, Microbial, Market
Binary Options Trading Signals
BOTS room has been around for over 6 years and is the community everyone uses for strategy development for options and Forex. With market veterans with over 20 years experience, what could be better!