Electrochemists and ecological engineers find environmental bioelectrochemistry appealing; however, there is a big gap between expectations and actual progress in bioelectrochemical system (BES). Implementing such technology opens new opportunities for novel electrochemical reactions for resource recovery and effective wastewater treatment. Loopholes of BES exist in its scaling-up applications, and numerous attempts toward practical applications (200, 1000, and 1500 L) are key successive indicators toward its commercialization. This review emphasized the critical rethinking of standardization of performance indices i.e. current generation (A/ m2), net energy recovery (kWh/kg.COD), product/resource yield (mM), and economic feasibility ($/kWh) to make fair comparison with the existing treatment system. Therefore, directional perspectives, including modularity, energy-cost balance, energy and resource recovery, have been proposed for the sustainable market of BES. The current state of the art and up-gradation in resource recovery and contaminant removal warrants a systematic rethinking of functional worth and niches of BES for practical applications.