Liquid Ring Vacuum Pumps Market by Type (Single-Stage, Two-Stage), Material Type (Cast Iron, Stainless Steel), Flow Rate, Application - Global Forecast 2024-2030
The Liquid Ring Vacuum Pumps Market size was estimated at USD 2.17 billion in 2023 and expected to reach USD 2.34 billion in 2024, at a CAGR 8.02% to reach USD 3.73 billion by 2030.
The liquid ring vacuum pumps market exhibits remarkable dynamism, encompassing diverse sectors such as chemicals, energy, and pharmaceuticals across various geographies. The exhaustive scope includes single-stage to multi-stage pumps, presenting an accurate market landscape. The growing demand from general process industries and environmental regulations favoring the use of energy-efficient pumps is propelling the market growth. The high initial cost of liquid ring vacuum pumps with a shift toward hybrid technologies, limited reliability, performance issues, and labor-intensive installation processes might restrict the market growth. The market witnesses burgeoning demand for high-capacity pumps and burgeoning adoption in developing countries, offering significant growth potential. Innovation and research in areas such as enhancing pump efficiency, reducing maintenance requirements, and compact device design could stimulate market growth.
Regional Insights
The liquid ring vacuum pumps market in the Americas, demonstrates robust growth fueled by significant utilization in the oil & gas, chemical, and power sectors. The United States showcases a considerable demand due to the necessity for efficient and reliable vacuum solutions. Moreover, tightening environmental regulations have driven the pump system upgrades, boosting the regional market growth. The demand for liquid ring vacuum pumps in EMEA is escalating, influenced by different factors. Europe has regulations enforcing energy efficiency and carbon reduction, such as the EU MEPS (Minimum Energy Performance Standard), pushing industries toward energy-efficient pump technologies. The regional market is experiencing a surge in demand due to the expansion of associated markets, including pharmaceuticals and biotechnology. Notably, the Middle East's thriving petrochemical industry adds to the growing pump demand in the EMEA region. Rapid industrialization, particularly in countries such as China and India, has increased the need for liquid ring vacuum pumps in manufacturing, chemical processing, and paper & pulp industries. Furthermore, the region presents potential growth opportunities in the wastewater treatment sector, an offshoot of its escalating urbanization and ongoing industrial expansion.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Liquid Ring Vacuum Pumps Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growing demand for liquid ring vacuum pumps from general process industries
- Environmental regulations favoring the use of energy-efficient pumps
- Market Restraints
- High initial cost of liquid ring vacuum pumps with a shift toward hybrid technologies
- Market Opportunities
- Technological innovations in liquid ring vacuum pump design
- Emerging application of liquid ring vacuum pumps in the pharmaceutical sector
- Market Challenges
- Limited reliability and performance issues along with labor-intensive installation process
- Market Segmentation Analysis
- Type: Expanding use of two-stage liquid ring vacuum pumps in industries owing to higher vacuum level
- Material Type: Consumer preference for stainless steel liquid ring vacuum pump as it deals with corrosive gasses and vapors
- Flow Rate: Increasing utilization of 3000-10,000 M3H range pumps in industries including oil & gas, petrochemical and chemical, and power generation
- Application: Rising popularity of liquid ring vacuum pumps in the oil & gas and petrochemical for managing volatile substances effectively
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Liquid Ring Vacuum Pumps Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Liquid Ring Vacuum Pumps Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Triosim Announces Purchase Agreement for Somarakis, Inc.
Triosim Corporation acquired assets of Somarakis, Inc., including all intellectual property, to solidify Triosim's commitment to delivering cutting-edge solutions to its valued customers in the industry. With the exclusive ownership of Somarakis' intellectual property, Triosim continues to develop and manufacture new vacuum pumps and produce components for all models of Somarakis pumps.
Atlas Copco Completes Acquisition of Chinese Manufacturer Oo Liquid Ring Pumps And Systems
Atlas Copco AB acquired assets from Shandong Bozhong Vacuum Technology Co., Ltd to strengthen its position in the market. The acquired business is integrated into the Industrial Vacuum Division in the Vacuum Technique Business Area, enhancing the company's overall portfolio and capabilities.
Busch Vacuum Solutions USA Acquires Vacuum Service and Sales Provider
Busch Vacuum Solutions USA acquired Vac-Tech Inc. to expand its presence nationwide by adding complementary high vacuum services in the Western region, bringing them closer to their customers. The newly acquired Vac-Tech service locations offer a wide range of services, including repairs, component replacements, valve rebuilds, parts cleaning, and sales of used vacuum equipment, catering to customers worldwide.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Liquid Ring Vacuum Pumps Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Liquid Ring Vacuum Pumps Market, highlighting leading vendors and their innovative profiles. These include Acme Air Equipments Company Pvt. Ltd., Airtech Vacuum Inc. by IDEX Corporation, Alfa Laval AB, Atlas Copco AB, Azmec S.r.l., Busch Dienste GmbH, Charam Techno Chemical & Equipments (P) Ltd., Cutes Corporation, Devi Hitech Engineers Pvt Ltd., Ebara Corporation, EMTIVAC Engineering Pty. Ltd., Finetech Vacuum Pumps, Flowserve Corporation, Gneuss Kunststofftechnik GmbH, Graham Corporation, Guangdong Kenflo Pump Limited, HIS PUMPS & SYSTEMS PVT. LTD, IMAG Company, INDOVAC PUMPS & ENGINEERING CO., Ingersoll Rand Inc., IVC Pumps Pvt. Ltd., J.B.Sawant Engineering Pvt. Ltd., Kakati Karshak Industries Pvt Ltd., KNF Group, KSB SE & Co. KGaA, Körting Hannover GmbH, Marpa Vacuum S.L., MXQ, LLC, Pfeiffer Vacuum Technology AG, Pompetravaini S.p.A., PPI Pumps Pvt. Ltd., Premier Fluid Systems Inc., PREMIER Pumps Private Limited, Samson Pumps A/S, Shandong CHINCO Pumps Co., Ltd., Somarakis by Triosim Corporation, SPECK Pumpen Verkaufsgesellschaft GmbH, Sulzer Ltd., TMVT Industries Pvt. Ltd., Toshniwal Instruments (Madras) Pvt. Ltd., Tsurumi Manufacturing Co., Ltd., VAKUO GmbH, Vooner by Aerzener Maschinenfabrik GmbH, Zibo Zhaohan Vacuum Pump Co., Ltd., and ZM Vacuum GmbH.
Market Segmentation & Coverage
This research report categorizes the Liquid Ring Vacuum Pumps Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Single-Stage
- Two-Stage
- Material Type
- Cast Iron
- Stainless Steel
- Flow Rate
- 3,000 – 10,000 M3H
- 600 – 3,000 M3H
- Below 600 M3H
- Over 10,000 M3H
- Application
- Aerospace & Defence
- Automobile
- Chemical & Material
- Food Manufacturing
- Oil & Gas
- Pharmaceutical
- Power Generation
- Pulp & Paper
- Water Treatment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing demand for liquid ring vacuum pumps from general process industries
- 5.1.1.2. Environmental regulations favoring the use of energy-efficient pumps
- 5.1.2. Restraints
- 5.1.2.1. High initial cost of liquid ring vacuum pumps with a shift toward hybrid technologies
- 5.1.3. Opportunities
- 5.1.3.1. Technological innovations in liquid ring vacuum pump design
- 5.1.3.2. Emerging application of liquid ring vacuum pumps in the pharmaceutical sector
- 5.1.4. Challenges
- 5.1.4.1. Limited reliability and performance issues along with labor-intensive installation process
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Expanding use of two-stage liquid ring vacuum pumps in industries owing to higher vacuum level
- 5.2.2. Material Type: Consumer preference for stainless steel liquid ring vacuum pump as it deals with corrosive gasses and vapors
- 5.2.3. Flow Rate: Increasing utilization of 3000-10,000 M3H range pumps in industries including oil & gas, petrochemical and chemical, and power generation
- 5.2.4. Application: Rising popularity of liquid ring vacuum pumps in the oil & gas and petrochemical for managing volatile substances effectively
- 5.3. Market Trend Analysis
- 5.3.1. Increasing focus on sustainability in power and energy generation coupled with growing investment for water treatment in the Americas region
- 5.3.2. Burgeoning manufacturing sector and with government regulations for reducing industrial pollution in the Asia-Pacific region
- 5.3.3. Increasing investment in the pharmaceutical and oil & gas sector coupled with a strong foothold of major players in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Liquid Ring Vacuum Pumps Market, by Type
- 6.1. Introduction
- 6.2. Single-Stage
- 6.3. Two-Stage
- 7. Liquid Ring Vacuum Pumps Market, by Material Type
- 7.1. Introduction
- 7.2. Cast Iron
- 7.3. Stainless Steel
- 8. Liquid Ring Vacuum Pumps Market, by Flow Rate
- 8.1. Introduction
- 8.2. 3,000 – 10,000 M3H
- 8.3. 600 – 3,000 M3H
- 8.4. Below 600 M3H
- 8.5. Over 10,000 M3H
- 9. Liquid Ring Vacuum Pumps Market, by Application
- 9.1. Introduction
- 9.2. Aerospace & Defence
- 9.3. Automobile
- 9.4. Chemical & Material
- 9.5. Food Manufacturing
- 9.6. Oil & Gas
- 9.7. Pharmaceutical
- 9.8. Power Generation
- 9.9. Pulp & Paper
- 9.10. Water Treatment
- 10. Americas Liquid Ring Vacuum Pumps Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Liquid Ring Vacuum Pumps Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Liquid Ring Vacuum Pumps Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Triosim Announces Purchase Agreement for Somarakis, Inc.
- 13.3.2. Atlas Copco Completes Acquisition of Chinese Manufacturer Oo Liquid Ring Pumps And Systems
- 13.3.3. Busch Vacuum Solutions USA Acquires Vacuum Service and Sales Provider
- 13.3.4. Nash 2BV2 Liquid Ring Vacuum Pump Newly Launched Explosion-Proof Motor Series
- 13.3.5. Busch Vacuum Solutions Builds New Production Plant in China
- 13.3.6. Ingersoll Rand to Acquire Everest Groupe
- 13.3.7. Aerzen USA Acquires Vooner Flogard Corporation
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
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