Rotating Machines for Biofuels Market Research Report—Global Forecast till 2030

Rotating Machines for Biofuels Market Research Report: Information by Machine Type (Compressors, Fans, Turbines, and Gas Heaters), Production Process (Transesterification, Gasification, Fermentation, and Others), and Region (North America, Asia-Pacific, Europe, and Rest of the World) - Forecast till 2030

ID: MRFR/E&P/9167-CR | August 2021 | Region: Global | 143 Pages         

Rotating Machines for Biofuels Market

The rotating machines for biofuels market is expected to grow at a CAGR of 6.65% from 2022 to 2030.

Segmentation

By Type Compressors Fans Turbines and Gas Heaters
By Production Process Transesterification Gasification Fermentation and Others
By Region North America Asia-Pacific Europe and Rest of the World

Key Players

  • GEA Group (Germany)
  • Corken Inc. (US)
  • Howden (UK)
  • WITTIG
  • A Gardner Denver Company (US)
  • Atlas Copco (Sweden)
  • Ingersoll Rand (Ireland)
  • Flowserve (US)
  • Opra Turbines (Netherlands)
  • Air Control Industries (UK)
  • Siemens (Germany)
  • Hamworthy Heating (UK)
  • and MAN Energy (Germany)

Drivers

  • Increasing demand for energy production from renewable energy resources
  • Increasing biofuel production through various production processes
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Rotating Machines for Biofuels Market Synopsis:


The rotating machines for biofuels market is expected to progress with ~ 6.65% CAGR from 2022 to 2030.

A machine that functions along with a rotating component that transfers energy to a fluid or vice versa is known as rotating machinery or turbomachine. As a result, energy is transferred between the fluid and the rotor in a turbomachine with the help of rapid dynamic interaction. A rotating machine uses a rotating shaft to pass on energy to fluids through active interaction. Biofuel is a result of naturally available biomass such as agricultural waste, trees, and grass. Such sources are renewable and available naturally and provide the perfect fuel for energy generation.

The rotating machine market for biofuel is driven by low raw material costs, low production costs, and raw material availability. Alternative hydrogen production technologies are also more expensive in comparison and entail less production cost than green hydrogen. The rise in the usage of rotating machines in refining applications is expected to boost the market during the forecast period. Chemicals and mining sectors continue their demand to use rotating machines in various applications. Mining sector growth can be a significant driver of the rotating machine market for biofuel. Increased investment and demand for hydrogen produced from coal gasification with carbon capture storage technology are expected to provide attractive market possibilities during the projected period. The rise in demand for clean and efficient energy sources will expand the Rotating Machines for Biofuels Market share.


Rotating machinery or turbo machinery is a machine with a turning segment that moves energy to a liquid or the other way around. Therefore, in a turbomachine, there is energy move between the liquid and the rotor. A biofuel is any fluid fuel obtained from organic materials such as trees, agricultural wastes, or grass. Biofuel can be delivered from any carbon source that can be renewed quickly, such as plants. Rotating machines such as compressors, fans, and turbines are integral to the biofuel production process.


Based on machine type, the global rotating machines for biofuels market has been classified into compressors, turbines, gas heaters, and fans.The compressors segment held a share of 22.5% of the global rotating machines for biofuels market. By production process, the rotating machines for biofuels market has been segmented into transesterification, gasification, fermentation, and others. The transesterification segment held an 18.0% share of the global rotating machines for biofuels market.


Rotating Machines for Biofuels Market COVID-19 Analysis:


COVID-19 has led to severe impact across all the industries around the world. The rapid spread has led governments across the globe to take stricter actions for the operations of industrial plants and offices, leading to stricter lockdowns. The lockdown had a notable impact on the power sector overall as power demand had decreased majorly from commercial and industrial sectors. In the energy & power industry, companies are dealing with several challenges due to a decline in electricity prices post the COVID-19 outbreak. Moreover, India is one of the largest markets for rotating machines for biofuels. The slowdown in the country’s economic growth has affected the overall generation and renewable energy investment globally. Similarly, during the COVID-19 crisis, there has been an increased focus on renewable technologies; however, fewer power plants were working due to labor constraints.


Rotating Machines for Biofuels Market Dynamics:


Rotating Machines for Biofuels Market Drivers:


  • Increasing Demand for Energy Production from Renewable Energy Resources


One of the key factors driving the demand for biofuel is the rising need for clean and efficient energy. Biomass is a sustainable and low-carbon alternative to conventional fossil fuels, which, on combustion, produces bioenergy that is considered as a clean fuel for energy generation. Growing demand for energy across the globe is anticipated to boost the production of bioenergy, which is also expected to support the product demand. For instance, as per the International Energy Agency (IEA), bioenergy power production rose by approximately 5% in 2019, which is only a percent less than the 6% yearly power production rate required to meet the 2030 sustainable development scenario goals set. Thus, the increasing demand for energy production from renewable energy resources is expected to drive the growth of the global rotating machines for biofuels market during the forecast period.


Rotating Machines for Biofuels Market Restraints:


  • High Cost


The investment associated with setting up machines required to produce biofuels is high. To produce biofuels, first, a plant must be set up, which requires various machines that can convert raw materials such as wood, grains, and vegetable oils into energy. The machines usually include compressors, fans, turbines, and gas heaters. These machines have high maintenance costs and require fuel and skilled labor, increasing the operation cost. In addition, these machines are required to be transported to the plant location, which drives the transportation cost at the initial level. The maintenance cost of such rotating machines can never be ignored, as the conversion of raw materials into energy can only be done by using such devices, which do not have substitutes. Thus, the high costs associated with rotating machines are expected to restrict the growth of the global rotating machines for biofuels market during the forecast period.


Rotating Machines for Biofuels Market Opportunities:


  • Increasing Biofuel Production through Various Production Processes


Biofuel production involves processes such as fermentation, transesterification, gasification, and hydrothermal processing. The demand for energy is increasing day by day. It is crucial to develop such energy that can be produced without causing harm to nature. For this, one must move towards renewable energy. The reason for the adoption of renewable energy is that this energy can be produced by raw materials present in our daily lives, such as waste, vegetable oil, and wood. Such sources are easily available in the surroundings and are cost-efficient. If the raw material is cheap, this will impact the whole production process and, in the end, can lead to producing affordable energy, which can be beneficial for the end users and producers. For example, gasification is considered as the most encouraging innovation to produce power from biomass sources.


Rotating Machines for Biofuels Market Segment Overview:


Rotating Machines for Biofuels Market By Machine Type:


  • Compressors


Compressors are used in several biofuels production processes, such as fermentation and transesterification. It is used for handling the wet and contaminated gases created during biofuel production. In addition, oil-free compressors are used for solutions such as pressure energy storage, hydrogen pipeline feed, and liquefaction.



  • Fans


In the biofuel production process, fans are used as blowers to provide combustion air. These fans range from low to high pressure and are typically made to withstand high temperatures.



  • Turbines


Turbines are used to generate heat for biofuel production; Turbines ensure the production of power locally, decreasing the losses. The turbines can be used as a generator drive for power generation or a mechanical drive for rotating equipment such as compressors and pumps.



  • Gas Heaters


Gas heaters are used and installed to remove the formation of hydrates generated during biofuel production. They are installed to work as a heat exchanger with exceptional resistance to the cool, moist acidic conditions of biofuel plants, as fouling and corrosion of rotating equipment are a constant challenge.


Rotating Machines for Biofuels Market By Production Process:


  •  Transesterification


 The transesterification process is a method of biofuel production in which vegetable oils, animal fats, or waste cooking oils are used to produce conventional biodiesel. This process converts oils and fats into biodiesel and glycerin. In the transesterification process, a glyceride reacts with an alcohol (typically methanol or ethanol) in the presence of a catalyst forming fatty acid alkyl esters and alcohol to produce biodiesel eventually.



  • Gasification


Biomass gasification is considered to be the most promising technology for the generation of electricity from biomass sources. It is a mature technology used to convert biomass sources through a controlled process involving steam, heat, and oxygen to convert biomass to hydrogen and other fuels without combustion that can be further used to generate power. The growth of the segments is due to its advantages over other combustion processes for generating biomass power, as the gasification plants reportedly produce significantly lower quantities of air pollutants than other combustion process plants.



  • Fermentation


During fermentation, microorganisms such as yeast and bacteria metabolize plant sugars and produce ethanol. Ethanol fermentation by yeast is the most widely used process. Several commercial-scale cellulosic ethanol biorefineries are also currently operational in the US. However, the biofuels produced by the fermentation process have low combustion energy and high purification costs, which prevent the adoption of ethanol as an economical fuel.



  • Others


Other processes include hydrothermal processing. This process uses high pressure and moderate temperature rotating machinery to trigger the chemical decomposition of biomass or wet waste materials, which eventually produces an oil that may be further upgraded catalytically to biofuels.


Rotating Machines for Biofuels Market Regional Analysis:


  • North America


North America is one of the most significant contributing regions to the global rotating machines for biofuels market. The regional market's growth can be attributed to the increasing demand for environment-friendly fuel sources and growing applications for machines for biofuels in the region.


  • Europe


Europe is a key market for rotating machines for biofuel. The European Union’s directive has set a target of using a minimum of 20% of the total energy consumption from renewable sources by 2020 and increase it to 27% by 2030. All the European Union (EU) member countries have developed national renewable energy action plans, which will showcase the various steps they would undertake to achieve the EU’s target. Bioenergy is expected to play a key role in achieving the EU's renewable energy targets for 2030 and beyond. Biofuel is the third greatest renewable energy source, following wind power and hydraulic power in the region.


  • Asia-Pacific


Asia-Pacific is one of the largest regional markets for rotating machines for biofuel. There is an increased demand for energy in the region because of the growing population and rising per capita disposable income in the region. Moreover, these rapidly growing economies in this region are also the top polluters in the world. Moreover, Asia-Pacific is estimated to showcase significant growth due to the region's abundant availability of natural resources.


  • Middle East & Africa


Most of the countries in the Middle East & Africa are oil and gas producers and have been powering their national grids for years. However, in the last decade, countries in the region have been trying to move towards renewable resources to gradually reduce their dependence on conventional fuels.


  • South America


The South American countries witness enormous demand for energy, most of which is met by fossil fuel power plants. However, to mitigate the effects of climate change, the region is seeing increasing investment in renewable power generation. As a result, government bodies in the region are increasing their focus on generating power through sources such as biofuels. In South America, most of the rotating machines for biofuel are generated from locally available feedstock such as palm leaf, sugar cane, malt bagasse, and vegetables.

Rotating Machines for Biofuels Market Competitive Landscape:


The global rotating machines for biofuels market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain the largest Rotating Machines for Biofuels Market share.


GEA Groupis a major technology provider for food processing and a variety of other sectors. In a variety of end-use areas, the company delivers long-term solutions for complicated manufacturing processes.


The prominent players operating in the global rotating machines for biofuels market are GEA Group (Germany), Corken, Inc. (US), Howden (UK), WITTIG, A Gardner Denver Company (US), Atlas Copco (Sweden), Ingersoll Rand (Ireland), Flowserve (US), Opra Turbines (Netherlands), Air Control Industries (UK), Siemens (Germany), Hamworthy Heating (UK), and MAN Energy (Germany)


Recent Developments in Rotating Machines for Biofuels Market



  • The Asia Pacific is anticipated to dominate the global rotating machine market for biofuel. Rotating machine production for biofuels is dominated by the Asia Pacific. It is one of the most important regional markets due to companies in regions like India, Japan, and China, for rotating biofuel machines. Furthermore, Asia Pacific is expected to experience significant growth due to its abundant natural resources, which currently contribute more than 60% of oil revenues; among them are large petroleum reserves.


By Machine Type            


  • Compressors

  • Fans

  • Turbines

  • Gas Heaters


By Production Process


  • Transesterification

  • Gasification

  • Fermentation

  • Others


By Region           


  • North America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

  • South America



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6.65% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Machine Type, Production Process
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   GEA Group (Germany), Corken, Inc. (US), Howden (UK), WITTIG, A Gardner Denver Company (US), Atlas Copco (Sweden), Ingersoll Rand (Ireland), Flowserve (US), Opra Turbines (Netherlands), Air Control Industries (UK), Siemens (Germany), Hamworthy Heating (UK), and MAN Energy (Germany)
  Key Market Opportunities   Increasing biofuel production through various production processes
  Key Market Drivers   Increasing demand for energy production from renewable energy resources


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Frequently Asked Questions (FAQ) :

Rotating Machines for Biofuels market is predicted to grow at ~ 6.65% through forecast period of 2022-2030.

The forecast period for Rotating Machines for Biofuels market research report is 2022-2030.

Global ROTATING MACHINES FOR BIOFUELS market is dominated by North Americaregion.

Top key players in the industry are GEA Group (Germany), Corken, Inc. (US), Howden (UK), WITTIG, A Gardner Denver Company (US), Atlas Copco (Sweden), Ingersoll Rand (Ireland), Flowserve (US), Opra Turbines (Netherlands), Air Control Industries (UK), Siemens (Germany), Hamworthy Heating (UK), and MAN Energy (Germany), and others.