Global Liquid Ring Compressor Market - 2022-2029
Market Overview
The global liquid ring compressor market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
Liquid ring compressors can use any service liquid to create a seal, making them suitable for applications in which process contamination is prohibited. Liquid-ring compressors come in single- and multistage versions.
A multistage compressor typically has two or three compression stages on a common shaft. The units handle various small vacuum and compression services at process plants, e.g., distillation and vapor and flare-gas recovery. For compression, single-stage liquid-ring compressors usually are used. As a rough guide, their maximum discharge pressure is less than 6 barg, while two-stage versions can provide discharge pressures up to 16 barg. The main applications for liquid ring compressors include flare gas recovery and processing of flammable or corrosive gases and vapors found in chemical processing, ozone bleaching, chlorine compression, co2 treatment, vinyl chloride monomer, and water treatment.
Market Dynamics
The global liquid ring compressor market is expected to boost with organizations looking to maximize flare gas recovery.
Organizations looking to maximize flare gas recovery
One of the contributors to climate change is flare gas. Across 140 billion cubic meters of natural gas are burned annually at oil production facilities worldwide, releasing more than 300 million tons of carbon dioxide (CO2). Flare gas also costs oil and gas firms billions of dollars in lost revenue. The World Bank estimates that the annual flare release amounts to 140 billion cubic meters, which is worth roughly US$20 billion. If the gas flared off in a year was recaptured for energy production, it could have provided 750 billion kWh of electricity or more than Africa's annual electricity consumption. Oil & gas companies should consider optimizing the flare gas recovery process for the environmental impact and recoup economic losses.
While there are a variety of compressors available for flare gas applications, liquid ring compressors are gaining popularity due to their rugged design and reliability, making them perfect for usage in harsh situations. Compressors that are reliable, efficient and easy to maintain are becoming increasingly important as more oil & gas facilities deal with higher volume flows. Liquid ring compressors with current hydraulic and mechanical designs that generate thermodynamic advantages are an excellent approach to maximize flare gas recovery, recuperate lost money and ensure a safe compressing process.
Presence of substitutes
Economic alternatives, such as reciprocating compressors, rotary vane compressors and screw compressors, hinder the market share. Rotary vane compressors can be operated with a Variable Frequency Drive to maximize operational efficiency. Rotary vane efficiency is not influenced by gas inlet temperature. A liquid ring compressor has an impeller that churns a rotating liquid ring to create the compression chamber seal. The procedure can consume twice the power of a vane compressor. The gas inlet temperature impacts the efficiency of a liquid ring compressor. Liquid ring compressors need several stages of filtration of the motive liquid, which requires additional pumps/power.
Rotary Vane compressors can handle almost any gas and varying compositions with standard metallurgy. Liquid ring compressors are liable to the gas composition being compressed. Liquid ring compressors need special alloys to prevent corrosion and erosion. The gas composition must be overseen to prevent cavitation damage to the rotor. Rotary Vane compressors only need Hand tools for basic maintenance. Properly trained machine shops can complete a complete repair. Liquid Ring Compressor needs maintenance at a qualified repair facility, typically the OEM.
COVID-19 Impact Analysis
COVID-19 has negatively impacted the market for liquid ring compressors worldwide due to reduced demand from numerous end-use industries. The pandemic is estimated to impact various factors in the value chain of the liquid ring compressors market, which has been reflected in the year 2020. The market has most of its applications in the chemical, food & beverages and oil & gas sectors. The losses from these industries have directly impacted the market growth. Oil & Gas and chemicals companies are in the midst of the oil price war and the impact of COVID-19.
To stabilize falling prices, OPEC and its allies agreed to cut its combined output by 9.7 million barrels per day each in May and June from the baseline, impacting the market sales. The oil supply/demand imbalance occurs in couple with the depressed need for chemicals and refined products arising from industrial slow-downs and travel restrictions in COVID-19.
Segment Analysis
The global liquid ring compressor market is segmented based on type, pressure, material, application, end-user and region.
The need for effective solutions for filtration and dewatering applications has boosted the demand in the mining sector
Based on end-user, the global liquid ring compressor market is segmented into oil &gas, chemical & petrochemical, food & beverages processing, water treatment industry, mining, plastic industry, pharmaceutical and others.
Filtration is essential to remove solid particles from a liquid slurry in the mining sector. Every application necessitates a thorough examination of the solid's particle size, amount and characteristics to choose the best filter type and filter media. Many filtration processes have been developed to fulfill the needs of a wide range of industrial applications and these vacuum filtering applications require a liquid ring vacuum.
Lithium and its chemical compounds have the highest electrochemical potential of all metals and they have a wide range of useful qualities. Liquid ring compressors are suitable for dewatering and assisting in producing technical-grade lithium concentrate. Methane gas accumulation can result in hazardous, explosive and potentially fatal circumstances. The management of the accumulation of methane gas in underground mining operations can be done with the utilization of liquid ring compressors.
Geographical Analysis
Expansion in various industrial & processing sectors will boost the demand in Asia-Pacific
Industrial activities are growing in this region due to low manufacturing costs and the support of local governments. Liquid ring compressors are widely utilized in sugar processing and the tobacco industry. Indian Sugar Mills Association has projected the sugar output to increase by 13% to 310 lakh tons in the 2020-21 on likely higher availability of sugarcane as against 274.2 lakh tons last year. In 2020, China's sugar cane production was 108 million tons. In addition, China is the largest consumer and producer of tobacco globally. The country has more than 300 million smokers, nearly one-third of the world's total.
The biggest oil producers in Asia are India, China and Indonesia. China accounts for over half of the total production in Asia and imports additional oil to meet domestic demand. India is the third-largest oil-consuming country, after the U.S. and China. The region consumes nearly 38% of the world's oil production.
Various leading oil & gas companies have pursued the demand for liquid ring compressors. For instance, in 2019, Oil & Natural Gas Corporation LTD. (ONGC) contacted NASH to install a liquid ring compressor for its Heera Oilfield. Working with Eta Process Plant, the team at NASH proposed a TC11 two-stage liquid ring vacuum pump. The TC series is built from super duplex stainless steel and features a conical porting design that provides improved water handling capabilities.
Competitive Landscape
The global liquid ring compressor market is moderately competitive and comprises several local and global brands. Major players in the market include Ro-Flo Compressors, Gardner Denver, OMEL, Cutes Corporation, Emtivac Engineering Private Ltd, Premier Fluid Systems Inc., MPR Industries, SAFEM, DEKKER Vacuum Technologies, Inc., Tsurumi Vacuum Engineering Co., Ltd., Somarakis. The players in the market are known to incorporate numerous market strategies to achieve growth in the global liquid ring compressor market; these include product launches, expansions and mergers.
Gardner Denver
Overview: Gardner Denver is a provider of mission-critical flow control and compression equipment and aftermarket parts, consumables & services, which it sells across various attractive end-markets within the energy, industrial and medical industries. The company has expertise in manufacturing compressors, blowers and vacuum pumps.
Form Portfolio:
Compressors: NASH liquid ring compressors have a high-performance range and can work on discharge pressures up to 200 PSIG with a suction capacity of 8,800 CFM or 9,400 CFM. Thus, compressing gas to 30 PSIG, depending on the machine and application.
Key Development:
In 2020, Gardner Denver Nash, LLC merged with Ingersoll Rand to create a mission-critical flow creation and industrial technologies leader. This merger brings together companies with a combined history of over 300 years and a commitment to operational excellence, innovation, and quality.
Why Purchase the Report?
To visualize the global liquid ring compressor market segmentation by type, pressure, material, application end-user and region and understand key commercial assets and players.
Identify commercial opportunities in the global liquid ring compressor market by analyzing trends and co-development.
Excel data sheet with numerous data points of liquid ring compressor market-level with four segments.
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The global liquid ring compressor market report would provide approximately 77 tables, 82 figures and almost 220 pages
Target Audience 2022
Buyers
Manufacturers
Raw Material Providers
Oil & Gas Companies
Food Processing Companies
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Logistics companies
Distributors
- 1. Global Liquid Ring Compressor Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Liquid Ring Compressor Market – Market Definition and Overview
- 3. Global Liquid Ring Compressor Market – Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Pressure
- 3.3. Market Snippet by Material
- 3.4. Market Snippet by Application
- 3.5. Market Snippet by End-User
- 3.6. Market Snippet by Region
- 4. Global Liquid Ring Compressor Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Organizations looking to maximize flare gas recovery
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Presence of substitutes
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global Liquid Ring Compressor Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Liquid Ring Compressor Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Liquid Ring Compressor Market – By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Single Stage*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Multistage
- 8. Global Liquid Ring Compressor Market – By Pressure
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 8.1.2. Market Attractiveness Index, By Pressure
- 8.2. Low Pressure*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Medium Pressure
- 8.4. High Pressure
- 9. Global Liquid Ring Compressor Market – By Material
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 9.1.2. Market Attractiveness Index, By Material
- 9.2. Iron*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Steel
- 9.4. Bronze
- 9.5. Others
- 10. Global Liquid Ring Compressor Market – By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Vinyl chloride monomer recovery*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Vent gas recovery
- 10.4. Vapor recovery
- 10.5. Hydrogen compression
- 10.6. Wastewater treatment methane compression
- 10.7. Flare gas recovery & compression
- 10.8. Waste gas compression
- 10.9. Others
- 11. Global Liquid Ring Compressor Market – By End-User
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.1.2. Market Attractiveness Index, By End-User
- 11.2. Oil & Gas*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Chemical & Petrochemical
- 11.4. Food & Beverages Processing
- 11.5. Water Treatment Industry
- 11.6. Mining
- 11.7. Plastic Industry
- 11.8. Pharmaceutical
- 11.9. Others
- 12. Global Liquid Ring Compressor Market – By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.7.
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.9.1. U.S.
- 12.2.9.2. Canada
- 12.2.9.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.7.
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.9.1. Germany
- 12.3.9.2. UK
- 12.3.9.3. France
- 12.3.9.4. Italy
- 12.3.9.5. Russia
- 12.3.9.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.7.
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.9.1. Brazil
- 12.4.9.2. Argentina
- 12.4.9.3. Rest of South America
- 12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.5.7.
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.9.1. China
- 12.5.9.2. India
- 12.5.9.3. Japan
- 12.5.9.4. Australia
- 12.5.9.5. Rest of Asia-Pacific
- 12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Pressure
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.6.7.
- 12.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13. Global Liquid Ring Compressor Market – Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Global Liquid Ring Compressor Market- Company Profiles
- 14.1. Gardner Denver*
- 14.1.1. Company Overview
- 14.1.2. Form Portfolio and Description
- 14.1.3. Key Highlights
- 14.1.4. Financial Overview
- 14.2. Ro-Flo Compressors
- 14.3. OMEL
- 14.4. Cutes Corporation
- 14.5. Emtivac Engineering Private Ltd
- 14.6. Premier Fluid Systems Inc.
- 14.7. MPR Industries
- 14.8. SAFEM
- 14.9. DEKKER Vacuum Technologies, Inc.
- 14.10. Tsurumi Vacuum Engineering Co., Ltd
- LIST NOT EXHAUSTIVE
- 15. Global Liquid Ring Compressor Market – Premium Insights
- 16. Global Liquid Ring Compressor Market – DataM
- 16.1. Appendix
- 16.2. About Us and Services
- 16.3. Contact Us
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