Global Microbial Fuel Cell Market Size study & Forecast, by Type (Mediator, Non-mediator), by Application (Power generation, Waste water treatment, Biosensor, Bio recovery, Education), by End user (Food & Beverage, Agriculture, Healthcare, Military, Power, Education) and Regional Analysis, 2023-2030
Global Microbial Fuel Cell Market is valued at approximately USD 275.5 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.8% during the forecast period 2023-2030. Microbial Fuel Cells (MFCs) are non-combustive electrical energy producers that use organic materials as substrates, or the microorganisms' food, and bacteria as biocatalysts. These living bacteria transform Chemical energy into useful electrical energy as they digest the substrate. Microbial fuel cells (MFCs) have the capacity to employ agricultural residues such as manure, maize stover, or used straw bedding as substrates, along with waste products like rumen fluid to serve as a source for bio-catalysts. This utilization of commonly generated materials, often considered as waste, renders MFCs cost-effective to construct. The major market catalysts are considered mostly with the concern of building a eco-friendly environment such as, the need of using low cost renewable energy sources with less emissions of harmful chemicals and the growing population utilizing huge amount of water proposes the need of long term initiatives to sustain water in the planet. Another major driver to be considered is the government’s initiatives and investments in aiding eco-friendly energy sources
According to the European Strategy and Policy Analysis System (ESPAS), by 2050 the levels of BOD, N, and P discharged into water bodies around the world are projected to increase by 11-32% (BOD), 46-62% (N) and 24-40% (P) which will increase the need to purify water into usable form serving as a platform to perform by the Microbial Fuel cell industries. According to the UN, by 2030, affordable energy from renewable sources are forecasted to account for 65% of the world's total electrical supply. By 2050, it could decarbonize 90% of the electricity industry, drastically reducing carbon emissions and assisting in the fight against climate change pushing the demand of clean energy sources like Microbio Fuel cells. Furthermore, Population growth, lifestyle changes, development, and agricultural practices are projected to increase the demand for water during the next 20 years by 30% from the current levels , proving various opportunities for the scope of Microbial Fuel Cell market.Microbial fuel cells are used in place of other fuel cells because of their excellent mechanical strength, electrical conductivity, and corrosion resistance.. However, the initial high investment of Microbial Fuel Cell in setting up the plant and technological advancements stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Microbial Fuel Cell Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with a strong demand for microbial fuel cells which has resulted from rising electricity consumption in the industrial and residential sectors as well as a recent increase in consumer health consciousness and sanitization. Asia Pacific is expected to grow significantly over the forecast period due to their constant efforts & investments in research and development of modern technologies to create a sustainable eco-friendly environment.
Major market player included in this report are:Praxair,Inc.
Metprocell
AVL
Ballard Power Systems
Toshiba Electronics
Plug power , Inc.
Fuel cell energy, Inc.
Hydrogenics
Doosan fuel cell America Inc
Horizon Fuel Cell technologies Pte, Ltd.
Recent Developments in the Market: In February 2024, Bekaert and Toshiba Energy Systems and Solutions Corporation entered a global partnership which includes a strategic cooperation agreement, and a manufacturing technology license for Membrane Electrode Assemblies (MEA), a key component for Proton Exchange Membrane (PEM) electrolyzers. advanced iridium-saving MEA technology, coupled with Bekaert’s longstanding expertise in PTL, forms a promising partnership.
In February 2024, Plug and Uline expanded Partnership to supply Hydrogen and Fuel Cells at four Additional Sites including Uline’s new campus in Kenosha, Wisconsin. Uline became one of Plug's biggest clients with this expanded relationship, running 520 fuel cells and 34 dispensers across ten facilities.
March 2021, Toyota corporation launched its second-generation microbial fuel-cell car, the Mirai FCEV. A 200-kilowatt electrolyser and a 100-kilowatt battery are part new hydrogen production facility and refuelling station at its defunct automobile factory in Melbourne, Australia, which is powered by an 84-kilowatt solar array and a 100-kilowatt battery. This innovation have made the facility to function again, offering various benefits to the environment around including employment opportunities.
Global Microbial Fuel Cell Market Report Scope: Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Type, Application, End user, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:By Type:
Mediator
Non-mediator
By Application:
Power generation
Wastewater treatment.
Biosensor
Bio recovery
Education
By End use:
Food & Beverage
Agriculture
Healthcare
Military
Power
Education
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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