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Microbial Fuel Cell (MFC) Market Will be Worth US $15.59 Mn by 2025, Registering an Impressive CAGR of 9.8% for the Forecast Period

09-22-2021 03:59 PM CET | Energy & Environment

Press release from: Fairfield Market Research

Microbial Fuel Cell (MFC) Market Will be Worth US $15.59 Mn

The global microbial fuel cell (MFC) market is expected to cross the growth threshold required for competitors to make lucrative gains. The total worth of the global microbial fuel cell (MFC) market is expected to supplant US $15 Mn by the end of 2025, growing at a stupendous CAGR of 9.8% during the period between 2021 and 2025. The wide spectrum of applications pertaining to microbial fuel cells is the primary driver of demand within the market. Several key disciplines such as electrical engineering, microbiology, and bioenergy production have emerged as important consumers of these cells. The power generation capacity of microbial fuel cells has brought them under the spotlight of attention, especially across the green energy turf. These cells can be powered with various forms of organic materials, making them a high-potential alternative to non-renewables means of power generation.

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Scarcity of Freshwater Reserves to Drive Demand for Microbial Fuel Cells (MFC)

World Bank predicts that the global demand for potable or fresh water would exceed total supply by an alarming 40%. Besides, freshwater reserves in several parts of the world are already on the verge of dwindling out. This necessitates the use of effective and pragmatic means to treat wastewater. Microbial fuel cell technology has emerged as an important turning point for researchers involved in the domain of wastewater treatment and purification of water. The healthcare industry has been a major support mechanism for scientists and researchers who are pressing for wastewater treatment through new and upgraded technologies such MFCs.

South Asia to Emerge as a Buoyant Regional Market

70% of global freshwater supply is used up for agricultural activities, with varying degrees of freshwater withdrawals by different regions and sectors. In South Asia, consumption of freshwater by the agricultural sector exceeds the industrial and domestic sector by a tremendous chase. This is an important consideration while assessing the growth prospects of the regional microbial fuel cells (MFC) market. Furthermore, the Middle East and North Africa (MENA) region also uses the majority of its freshwater reserves for agricultural activities. Henceforth, vendors operating in the microbial fuel cells (MFC) market have a formidable opportunity at their disposal in the aforementioned regions.

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Changing Narratives about Fuel Cell Usage to Accelerate Market Growth

There is a general consensus amongst researchers about the effectiveness of fuel cells in abrogating the energy crisis. This owes to the current and potential applications of these cells in the domain of clean and green energy. The ability of microbial fuel cells (MFC) to convert organic compounds into usable energy has captivated the attention of research scholars across the world. Therefore, advancements in green energy technologies and research lines shall invariably propel demand within the global microbial fuel cells (MFC) market. Application of these cells in low-power generation systems has also caused an uptick in sales within the market.

Some of the leading players existing in the global microbial fuel cells (MFC) market are Vinpro Technologies, Cambrian Innovation Inc, Open Therapeutics LLC, Sainergy Tech, Inc., Triqua International BV, MICROrganic Technologies, Fluence Corporation, Prongineer, Microbial Robotics, ElectroChem Inc., and Emefcy.

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Fairfield Market Research
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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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