The Global Microbial Fuel Cells (MFC) Market size is expected to hit around USD 9.3 billion by 2030 and growing at a CAGR of 11.2% during the forecast period.
Microbial fuel cell (MFC), a relatively new approach for electrical power generation, uses microorganisms as catalysts to covert the chemical energy stored in organic substances into an electrical one. MFC uses a wide range of fuel for the generation of electricity and it is possible to produce the electricity from any kind of organic and inorganic material. It is also notable that the input used to generate electricity, leaves no harmful by-products.
Increasing usage in various end user industries such as biosensors, wastewater treatment, education among others is one of the major factors driving the market growth. However, MFC's insignificant quantity of power may hamper market growth. Rapid urbanization, increase in population, surge in industrialization, rise in disposable income among people, and extensive applications of fuel cells in various industries such as medical, agriculture, food, and beverages are expected to drive the growth of the global microbial fuel cell market. Closed manufacturing facilities, reduced workforce, and shortage of raw materials during the COVID-19 pandemic had a negative impact on the market.
By Application, Wastewater treatment segment is likely to have a huge demand due to the MFCs using certain microbes have a special ability to remove sulfides as required in wastewater treatment. MFCs can enhance the growth of bioelectrochemically active microbes during wastewater treatment thus they have good operational stabilities. Based on geography, North is going to have a lucrative growth during the forecast period owing to the growing R&D investments for the development of opportunities from MFC's in this region.
Based on type, the mediator segment held the largest market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.2% during the forecast period. The report also analyses other segments such as non-mediator.
Based on application, the power generation segment held the dominating market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.5% during the forecast period. The report also analyses other segments such as wastewater treatment, biosensors, and others.
Based on region, the market across the Asia-Pacific region held the dominating market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.6% during the forecast period. The report also analyses other regions such as North America, LAMEA, and Europe.
Some of the key players profiled in the Microbial Fuel Cells (MFC) Market include Cambrian Innovation Inc, Vinpro Technologies, Triqua International BV, Sainergy Tech, Inc., MICROrganic Technologies, Prongineer, Fluence Corporation, Microbial Robotics, Emefcy, Protonex and ElectroChem.
• Phototrophic bio film
• Other Types
• Single chambered
• Double chambered
• Power generation
• Wastewater treatment
• Other Applications
End Users Covered:
• Food & Beverage
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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