QuantAlign Research

Rising Environmental Concerns and Worldwide Energy Crisis to Impel the Growth of the Global Microbial Fuel Cell (MFC) Market

Growing demand for energy along with various favorable government initiatives towards renewable energy is expected to drive the global market for microbial fuel cells. Also, rising environmental concerns and need for wastewater treatment is set to propel the market growth over the coming years. The global microbial fuel cell (MFC) market is likely to increase from USD 11.2 million in 2019 to USD 18.8 million by 2027, at a CAGR of 7.1% over the forecast period (2020-2027) according to QuantAlign Research.

Moreover, increasing investment in research and development has fostered the market growth. As MFCs aid in the production of sustainable energy from organic wastes, the research in this field has intensified over the years. Continuous research activities have paved novel opportunities for MFCs. Over the coming years MFCs may be used to generate power with biodegradable waste & sewage and it could also help monitor the amount of biodegradable material in wastewater streams. They could also help with remote sensing.

The concept of microbial fuel cells is not new, but the development till date has been fairly slow. The prime reason for this is that the materials required to make better electrodes have only recently become readily available. Thus, the cells could only generate small amount of power. However, with high availability of materials along with a better understanding of microbes that produce power, MFCs are increasingly gaining attention.

In addition, the performance of microbial fuel cells depend upon highly complex technical and  mechanical parameters that must be improved and adapted to develop the most efficient and practical device. However, although MFCs hold a promising future, it would require some time before large-scale competent MFCs enter the commercial market. Thus, attempts should be made towards integrating MFCs with other processes in order to make this technique economically viable.

 

Browse complete report with TOC :

Global Microbial Fuel Cell (MFC) Market Perspective, Demand Outlook, Trend Analysis, Intelligence & Industry Estimates To 2027 –  https://quantalignresearch.com/global-microbial-fuel-cell-market-report

 

Key insights:

 

  • Mediated segment dominated the global market in 2019, and is expected to witness a healthy CAGR during 2020 to 2027
  • Wastewater treatment segment is projected to account for a significant share of the global market by 2027
  • North America held the majority share of the global market in 2019, whereas Asia-Pacific is expected to grow at the fastest CAGR over the forecast period

 

Key players operating in the market include MICROrganic Technologies; Triqua International BV; Sainergy Tech, Inc.;  Cambrian Innovation Inc.; Prongineer; Fluence Corporation; & Vinpro Technologies; among others.

Key questions Answered in the report:

The global microbial fuel cell market is expected to reach USD 18.8 million by 2027

Key players operating in the market include MICROrganic Technologies; Triqua International BV; Sainergy Tech, Inc.; Cambrian Innovation Inc.; Prongineer; Fluence Corporation; & Vinpro Technologies; among others.

  • On what basis is the market segmented?
  • How has the global market for microbial fuel cell performed, and what are its key drivers?
  • What shares do the major regional markets occupy?
  • How has the continuous research activities changed the market over the years?
  • Who are the major players in the global microbial fuel cell market?
  • What are the key strategies adopted by the players operating in the global microbial fuel cell market?
  • What has been the impact of COVID-19 on the global microbial fuel cell market?