The world is being pushed down in litter, and the waste production rates are shooting up as indicated by the World Bank. In the year 2018, the World Bank broadcasted that if no big move is made to tackle the waste generation, global waste creation is expected to flood up by 70% by 2050. The current pace of waste generated by mankind is about 2 billion tons of waste every year, which makes it necessary to find ways to transform waste into energy, electricity, and fuel. Microbial fuel cells play a vital role in converting waste into electricity.
Asia-Pacific is home to two of the world’s highest populated countries, China and India. A high population amounts to high amounts of municipal solid waste annually, which has compelled the governments to heavily invest in new forms of energy generation methods, further driving the market growth.
COVID-19 Impact Analysis
Microbial fuel cell (MFC) is a relatively new technology that mimics the bio-chemical interactions happening in and around the natural environment and drives an electric current with the help of bacteria and high-energy oxidants. It is a relatively new technology still in its early stages of the product cycle and likely to witness more research in the years to follow. In the post-COVID crises world, the consumers will be driven by the more mindful use of the resources around them.
Companies are also moving towards releasing their Environmental Impact reports to portray a more environmentally conscious role in their production. This trend is likely to grow in the future as more and more research and development is being driven into building alternative sources of renewable energy.
The COVID impact on the economy is likely to drop the investment in research and development in the short term. Still, in the long run, the trend for microbial fuel cells is expected to catch up, especially as an alternative waste management treatment in urban centers. Several countries, such as India, are looking to move towards more circular economic technology, such as microbial fuel cells, further driving the market growth.
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Microbial Fuel Cell Market: Segmentation
Microbial Fuel Cell Market: Regions Covered
Central and South America and the Caribbean
The Middle East and Africa
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* Customer Behaviour Analysis
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