Solar-Powered Microbes Market 2022 | In-Depth Research on Market Trends


Posted August 31, 2022 by mohitBISResearch

Solar-powered Microbes Market in the application segment is expected to be dominated by the food industry. Europe is an attractive region for the Solar-Powered Microbes Industry.

 
The use of solar-powered microbes in the food and feed industry is expected to grow significantly in the near future. The demand for solar-powered microbes from end-use industries, namely, wine, bakery, dairy, and probiotics, is increasing rapidly. Also, various government policies supporting solar energy-based industrial production of food in developing countries is a major factor boosting the market growth.
Market Lifecycle Stage

The adoption of solar-powered microbes in the food and feed industry are still in the developing phase. Increased research and development activities are underway to develop solar-powered microbes technology, which will increase the technology adoption by feed, food, and microbes producers.

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Increasing investments in the research and development of solar-powered microbes is one of the major opportunities in the solar-powered microbes market. Moreover, solar-powered microbes are highly nutritious compared to conventional microbes.

Impact

Globally, governments are more focused on renewable energy sources to minimize pollution and the cost structure of services and products. Solar energy is the most rapidly expanding and cost-effective source of electricity, especially in the U.S. Over three million photovoltaic (PV) installations have been established in the U.S., with one million being installed in 2019. With a decrease in the installation cost of solar energy systems, more industries are opting for green energy. This decrease in cost is due to various policies and schemes started by the government in the country, which will expect to drive the demand for the production of solar-powered microbes in the coming years.

With an increased demand for nutritious food and feed, the shift to the eco-friendly production process expects to drive the solar-powered microbes market. This implies that solar-powered microbes can be a great alternative to conventional microbes. The transition may be more prominent in North America and Europe regions.

Impact of COVID-19

The outbreak of the COVID-19 pandemic delayed several solar panel installation projects. The government policies and schemes were also on hold due to significant restrictions. In 2020, the pandemic showed a downturn in solar investment and postponement and cancellations of major panel installations. However, the growth of nutritious food products increased due to the pandemic as end consumers started demanding healthy products to enhance their immunity strength. Thus, further boosting the demand for solar-powered microbes will increase in the near future.

Analyst's Thoughts

According to Rakhi Tanwar, Principal Analyst, BIS Research, "The solar-powered microbes market expects to replace conventional microbes market. Better adoption of these eco-friendly microbes-based products may drive the solar-powered microbes market.”

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Key Questions Answered in This Report:

What are the different applications of solar-powered microbes in the food and feed industry?
What are the major drivers and challenges affecting the growth of the solar-powered microbes market?
What are the various regulations for solar energy consumption and solar-powered microbes in countries such as the U.S., Canada, the U.K., and France?
What key developmental strategies are implemented by key players to sustain the competitive market?
What is the expected future scenario of the solar-powered microbes market in different regions and countries, such as North America, Europe, Asia-Pacific and Japan, China, the U.K., South America, and the Rest-of-the-World?

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

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Issued By BIS Research
Country United States
Categories Agriculture
Tags bisresearch , foodtech , technology
Last Updated August 31, 2022