Microbial Fuel Cell Market To Register Significant Growth Globally By 2030
Microbial Fuel Cell Market Analysis Microbial Fuel Cell Market is expected to be valued at USD 9.1 Billion, with a CAGR of 17.1% Forecast by 2027, states the latest Market Research Future’s (MRFR) microbial fuel cell market report. Microbial fuel cell, simply put, is a bio-electrochemical device which uses bacteria as the catalyst for oxidizing inorganic and organic matter and generate current. Also it helps to transform chemical energy into electricity using oxidation reduction reactions. It comprises of a membrane and two electrodes- cathode and anode. Various factors are fuelling the global microbial fuel cells (MFC) market growth. As per the recent MRFR market estimates, such factors include the growing need for portable water and government initiatives for environmental sustainability, increasing focus on wastewater treatment, increasing demand for portable water, government initiatives for environmental sustainability, cost-effective over other alternatives such as re...