Global Liquid Ring Vacuum Pumps Market Size Study, by Type (Single-Stage, Two-Stage), by Material Type (Cast Iron, Stainless Steel), by Flow Rate (Below 600 M3H, 600 - 3,000 M3H, 3,000 - 10,000 M3H, Over 10,000 M3H), by Application (Aerospace & Defence, Automobile, Chemical & Material, Food Manufacturing, Oil & Gas, Pharmaceutical, Power Generation, Pulp & Paper, Water Treatment), and Regional Forecasts 2022-2032
The Global Liquid Ring Vacuum Pumps Market is poised to witness substantial growth, with an estimated value of USD 2.17 billion in 2023, growing at a CAGR of 8.02% over the forecast period 2024-2032. Liquid ring vacuum pumps are integral to a variety of industries due to their efficiency and reliability in handling gases and vapors. These pumps are crucial for operations in sectors such as chemicals, pharmaceuticals, energy, and others, where their robust design and operational efficacy are highly valued. The demand for liquid ring vacuum pumps is being driven by the growing need for energy-efficient and environmentally friendly pumping solutions in general process industries. Strict environmental regulations favoring energy-efficient equipment and the expanding applications in developing countries further fuel market growth. Innovations aimed at enhancing pump efficiency, reducing maintenance requirements, and compact device design are anticipated to open new growth avenues for the market. However,
Two-stage liquid ring vacuum pumps are particularly gaining traction for their higher vacuum levels, essential for industries requiring high-end vacuum applications like petrochemicals and power generation. On the other hand, single-stage pumps, known for their operational efficiency and energy savings, are popular in the food processing and pharmaceutical industries. The material type plays a significant role, with stainless steel being preferred for its superior corrosion resistance in handling corrosive gases and vapors, while cast iron is favored for its cost-efficiency and durability in high-pressure and temperature conditions.
The key regions considered for the Global Liquid Ring Vacuum Pumps Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Regionally, the Americas lead the market due to significant utilization in oil & gas, chemical, and power sectors. The stringent environmental regulations in the United States necessitate efficient vacuum solutions, boosting market growth. Europe is witnessing increased demand driven by energy efficiency regulations and the expansion of the pharmaceutical and biotechnology sectors. The Middle East’s thriving petrochemical industry also contributes to the market’s growth. Asia-Pacific, with rapid industrialization in countries like China and India, presents vast growth opportunities, particularly in manufacturing, chemical processing, and wastewater treatment sectors.
Major market players included in this report are:Alfa Laval AB
Atlas Copco AB
Busch Dienste GmbH
Flowserve Corporation
Ebara Corporation
Ingersoll Rand Inc.
Sulzer Ltd.
KSB SE & Co. KGaA
Tsurumi Manufacturing Co., Ltd.
Pfeiffer Vacuum Technology AG
Gardner Denver Holdings, Inc.
Nash Engineering Company
Graham Corporation
Samson Pumps A/S
Premier Fluid Systems Inc.
The detailed segments and sub-segment of the market are explained below:By Type:
Single-Stage
Two-Stage
By Material Type:
Cast Iron
Stainless Steel
By Flow Rate:
Below 600 M3H
600 - 3,000 M3H
3,000 - 10,000 M3H
Over 10,000 M3H
By Application:
Aerospace & Defence
Automobile
Chemical & Material
Food Manufacturing
Oil & Gas
Pharmaceutical
Power Generation
Pulp & Paper
Water Treatment
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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