The global microbial fuel cell market is projected to grow at a significant rate during the forecast period, due to increasing government initiatives worldwide for environmental sustainability. The global microbial fuel cell market is expected to grow at a 9.00% CAGR during the forecast period. Microbial fuel cell is a bio-electrochemical device that uses bacteria as the catalysts to oxidize organic and inorganic matter and generate current. Also, microbial is a fuel cell which transforms chemical energy into electricity using oxidation reduction reactions. MFC technology is considered as the prominent technology for electricity generation and concomitant wastewater treatment. But, the high cost of the components related to microbial fuel cells and low efficiency are hindering the commercialization of microbial fuel cells when compared with other energy generating systems.
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MFC consists of an two electrodes (anode and cathode) and membrane (a area that separates two electrodes). Microbes at anode oxidizes the organic fuel generating proton and electrons. Protons passes through membrane to cathode and electrons passes through anode to external circuit in order to generate current. MFC has gained attention due to its ability to generate power from organic or inorganic compounds through microorganisms.
Global microbial fuel cell market has been segmented based on type, application, end-user, and region.
Based on type, the market has been classified into mediator and non-mediator.
Based on application, the market has been segmented as power generation, wastewater treatment, biosensor, and others.
Based on end-user, the industry is classified into agriculture, F&B, healthcare, government & municipal.
Geographically, the global microbial fuel cell market has been segmented into five major regions such as Asia Pacific (APAC), Europe, North America, South America and Middle East & Africa.
Microbial Fuel Cell Market Regional Market Analysis
North America held the largest market share of the global Microbial fuel cell market in 2017 driven by significant amount of investments and R&D initiatives from the government and various enterprises. It is also anticipated, that microbial fuel cell technology would be cost-effective as compared to other alternatives including renewable energy production from biomass.
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Microbial Fuel Cell Market Share, By Type, 2017 (%)
Figure 9 Global Microbial Fuel Cell Market, By Type, 2018-2023 (USD Million)
Figure 10 Global Microbial Fuel Cell Market Share, By Application, 2017 (%)
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