Global Liquid Ring Vacuum Pump Market (2021-2026) – Growing Demand for Environmentally Friendly Compressors Presenting Opportunities – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The ‘Global Liquid Ring Vacuum Pump Market By Type (Single Stage, Two Stage), Material Type (Stainless Steel, Cast Iron, Others), Flow Rate (25 – 600 M3H; 600 – 3,000 M3H ; 3000 -) 10,000 M3H; Over 10,000 M3H), Application and region – Forecast to 2026 report “has been added to ResearchAndMarkets.com offer.

The liquid ring vacuum pump market size was USD 1.8 billion in 2020 and is expected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026.

The growing demand for liquid ring vacuum pumps for various applications in the oil, gas and petroleum industry is driving the growth of this market.

Liquid ring vacuum pumps are rotary displacement machines, which include liquid ring vacuum pump and liquid ring compressor. These pumps offer various advantages such as simple structure and liquid sealing process, isothermal compression and ease of handling. Due to these advantages, liquid ring vacuum pumps are widely used in petroleum, chemical, power, metallurgical, pharmaceutical and light industries.

Two-stage segment is expected to dominate the liquid ring vacuum pump market during the period 2021-2026

By type, the double-decker segment is expected to dominate the market. This segment is growing due to the increased investments made to carry out industrialization in the Asia-Pacific region, as well as the increased demand for two-stage liquid ring vacuum pumps in all industries.

The stainless steel segment is expected to dominate the liquid ring vacuum pump market, by material type, during the forecast period

On the basis of material type, the stainless steel segment is expected to account for the largest share of the overall liquid ring vacuum pump market, in terms of value, in 2020. Characteristics such as high resistance to pressure. Cavitation which improves the service life of liquid ring vacuum pump is expected to increase the demand for stainless steel liquid ring vacuum pumps during the forecast period.

The 600-3000 m3 / h segment is expected to dominate the liquid ring vacuum pump market in 2021-2026

In flow, the 600-3000 m3 / h segment represented the largest market share, in value, in 2020. Liquid ring vacuum pumps with a flow rate of 600-3000 m3 / h and 3000-10000 m3 / h are considered to be medium capacity liquid ring vacuum pumps. The ever increasing demand for industrial vacuum applications, primarily from the chemical, pulp and paper and power generation industries, is contributing to the growth of this segment.

Asia-Pacific is expected to dominate the liquid ring vacuum pump market during the period 2021-2026

Asia-Pacific dominated the global liquid ring vacuum pump market in 2020. Industrial activities are growing in this region due to low manufacturing costs and support from local governments. In addition, the increasing investments in research and development activities are boosting the liquid ring vacuum pump market in Asia-Pacific.

Market dynamics

Conductors

  • Increased energy consumption

  • Low cost of maintenance and operation

  • The gas transport sector is growing

Constraints

  • Decrease in LNG imports in Japan and South Korea

  • Growing concerns about water conservation

Opportunities

  • Growing demand for environmentally friendly compressors

  • Industrialization in emerging economies to increase demand for vacuum pumps and liquid ring compressors

Challenges

  • Adherence to strict quality standards

  • Impact of COVID-19 on the market for vacuum pumps and liquid ring compressors

Companies mentioned

  • Atlas Copco

  • Busch vacuum solutions

  • Cute Corp.

  • Dekker Vacuum Technologies, Inc.

  • Finder Pumps

  • Flowserve Company

  • Garuda

  • Graham Company

  • Guangdong Kenflo Pump Limited

  • Hobei Tonfun High-Tech Pump Co., Ltd.

  • Picture

  • Ingersoll Rand

  • Kakati

  • Omel

  • Pompetravaini spa resort

  • Ppi Pumps Pvt. Ltd.

  • Safem

  • Samson pumps

  • Shandong Bozhong Vacuum Technology Co., Ltd.

  • Shandong Chinco Pumps Co., Ltd.

  • Somarakis

  • Grain

  • Tsurumi Manufacturing Co., Ltd.

  • Vooner

  • Yantai Volm Vacuum Technology Co., Ltd.

  • Zibo Zhaohan Vacuum Pump Co., Ltd

For more information on this report, visit https://www.researchandmarkets.com/r/2d61du

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