Global Liquid Ring Compressors Market - 2022-2029
Market Overview
Liquid ring compressor market reached US$ YY million in 2021 and is expected to reach US$ YY million by 2029, growing at a CAGR of YY% during the forecast period 2022-2029.
Liquid ring compressors are often used to compress lower pressure to higher pressure. The impeller, the impeller hub, the body casing and the intake and discharge sections are part of a liquid ring compressor, a valveless positive-displacement compressor. They might be single, two or multistage. Progressively higher pressures of 1.5 bar, 6.5 bar and 11 bar can be obtained as the number of steps increases.
Liquid ring compressors are preferentially used in tough operating environments such as exhaust control in nuclear power plant applications, liquefaction of vinyl chloride vapors in the plastics and polymer industry and vapor recovery in petrochemical and chemical applications and compression of ozone in bleaching applications. They also have vital industrial applications in the sugar business, including gas handling in combustion plants, anaerobic processes and sugar saturation.
Furthermore, liquid ring compressors are used when extreme conditions occur and safety is a top priority. Because liquid ring compressors provide reliable solutions in refinery applications that recover flare gas, demand for this equipment is predicted to grow at a significant percentage per year through 2029.
Liquid ring compressors are also suited for specialist applications, including compression of chlorine or hydrogen and the generation of vinyl chloride monomers, biodiesel or ethanol and other transesterification processes. Liquid ring compressors can build a seal with any service liquid, making them excellent for situations where process contamination is a concern.
Market Dynamics
Growing demand for eco-friendly compressors in various industries drives the liquid ring compressors' market share.
Growing demand for eco-friendly compressors in various industries drives the market share for the liquid ring compressors market
The demand for environmentally friendly compressors has drastically increased as emissions and fuel usage in compressed air systems have increased. Long-term savings and a cleaner environment are both possible with liquid ring compressors. Compared to rotary compressors, environmentally friendly liquid ring compressors use less fuel and produce less noise.
These pumps are tough materials that endure volatile gases and vapors while still performing well. The pump can safely pump explosive gases since the gases are compressed at the same temperature in the cavity. Thus, during the forecast period, these aspects of eco-friendly liquid ring compressors have offered greater growth prospects for the market.
Furthermore, Liquid ring pumps can be used for vacuum and compression applications, making them popular in various sectors. The pump compresses the gas with its impeller, just like a liquid. Vacuum distillation, moisture extraction, vacuum condensation, air or ash handling, evaporation, mineral beneficiation and water separation from paper pulp are all applications for these pumps.
Liquid ring compressors require less maintenance than other mechanical pumps since they are driven by liquid ring technology and have just one moving part, the impeller, eliminating the need for routine maintenance. Thus application demand for liquid ring compressors owing to their eco-friendly natures and features is expected to escalate the demand for the product in the forecast period.
Rising strict regulations for liquid ring compressors are challenging the growth of the product
In order to minimize the emission of contaminants by air and gas compressors and prevent health dangers from contaminated compressed air, most industrialized nations have implemented strict laws and regulations that must be followed while using compressors.
For instance, API STD 681, 2nd Edition, July 2021-Liquid Ring Compressors and Vacuum Pumps in Petroleum, Chemical and Gas Industry Services. The standard specifies the minimum specifications for liquid ring compressor and vacuum pump (LRC/VP) systems used in the oil, gas and chemical industries.
Furthermore, there are various standards for environmental safety, such as EN ISO 3744:2009 focuses on the determination of standard sound power levels of noise sources using sound pressure-Engineering method, EN ISO 2151:2004 focuses on noise test code for compressors and vacuum pumps – Engineering method, EU Directive 2004/26/EC standards for emission regulations for non-road engines – Stage III levels implemented from the year 2006 to 2013, Stage IV as from the year 2014 and U.S. Federal Emission standard is based on non-road engines – Tier III levels implemented from 2006 to 2008, Tier IV levels as from the year 2008 to 2015
In addition, Basic equipment design, materials, fabrication, inspection, testing and shipment preparation are also required. Compressed air contamination is a big issue in various industries, including food and beverage and chemicals. A safer compressed air supply is necessary to maintain efficient and cost-effective production. Thus stringent regulatory bodies have acted as a major hurdle for the product's market growth.
COVID-19 Impact Analysis
The pandemic will likely impact several aspects of the liquid ring compressors market's value chain, which will be reflected over the forecast period, particularly in 2020. COVID-19 impacts the market for liquid ring compressors in several product application categories.
As worldwide economic activity halted due to the pandemic, demand for gasoline and petroleum products plummeted. The dip in crude oil prices was caused by a drop in demand paired with an unanticipated increase in supply, which had a knock-on effect on refined petroleum product prices. In addition, global petroleum demand is expected to fall in 2020 and 2021 compared to 2019.
As a result, COVID-19 has impacted the oil and gas industry's market for liquid ring compressors. Furthermore, the COVID-19 pandemic has had a negative impact on U.S. compared to other countries around the world. Due to the impact of the COVID-19 outbreak, the growth of the liquid ring compressor market in the world is likely to be moderate over the forecast period.
Segment Analysis
The global liquid ring compressors market can be segmented by type, material, flow rate, application and region.
Excellent properties and high demand for stainless steel liquid ring compressors are driving the market share for the segment
The global liquid ring compressors market is segmented based on material into cast iron, stainless steel and others. Stainless steel liquid ring compressors are utilized in various industries, including pharmaceuticals, food production, oil and gas and power generation, which act as a primary segmental growth driver for the product.
Furthermore, the market is expanding because of stainless steel's superior cavitation resistance, which extends the life of liquid ring compressors. When making compressors, several varieties of stainless steel are considered.
While they are all constructed of steel, each grade has its own set of characteristics that make it the best choice for the machine and environment in which it will be used. The basic properties offered by stainless steel compressors are corrosion resistance, heat-treated and excellent weldability. Furthermore, stainless steel material is light weighted difficult to damage or break. Offers longer shelf life and less maintenance cost.
In addition, Corrosion resistance in stainless steel piping, like copper, results in a cleaner, more uniform stream of air. Installing stainless steel piping, like copper, can take longer since the joints require welding and threading. Depending on the individual needs of the air compressor system, strut cushion clamps can sometimes simplify the installation process, reducing installation time and cost. Thus mentioned factors are favoring the growth of the stainless steel liquid ring compressors market.
Geographical Analysis
The availability of raw materials and manpower at low rates is tempting investors to build up production facilities in Asia-Pacific
The availability of raw materials and manpower at low rates tempts investors to build up production facilities in Asia-Pacific. Due to low manufacturing costs and local government backing, industrial activity increases in this region. In addition, the market for liquid ring compressors in Asia-Pacific is being driven by increased investments in research & development.
Furthermore, Asia-Pacific is home to some of the world's top natural gas consumers and importers. This region's energy demands are still predominantly met by oil and coal. However, due to rising air pollution concerns, natural gas use has recently expanded. The power generation and manufacturing industries are Asia-Pacific's largest natural gas users. As energy demand rises in India and China, natural gas demand is predicted.
Residential gas consumption is predicted to rise in Asia-Pacific countries due to urbanization and the rise of the middle class. The expanding need for gas compressors in the midstream gas industry and the electricity and manufacturing industries is likely to be aided by rising gas consumption.
China plans to expand its oil and natural gas pipeline network over the next ten years to increase the clean fuel part of the country's energy mix. As per the National Development and Reform Commission, the country's oil and gas pipeline network is estimated to reach 240,000 kilometers by 2025. Natural gas pipes are expected to cover 123,000 km of the 240,000 km.
Because liquid ring compressors are one of the most common equipment used to power long-distance natural gas pipelines, demand for liquid ring compressors is likely to rise during the forecast period.
Competitive Landscape
The global liquid ring compressors market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Busch Vacuum Solutions, OMEL, SAFEM, Flowserve Corporation, Atlas Copco, Ingersoll Rand, DEKKER Vacuum Technologies, Inc., Graham Corporation, Cutes Corp, Zibo Zhaohan Vacuum Pump Co., Ltd, Shandong CHINCO Pumps Co., Ltd., Shandong Bozhong Vacuum Technology Co., Ltd., Finder Pumps, Kakati, Guangdong Kenflo Pump Limited, Somarakis, Garuda and others.
The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the liquid ring compressors market.
In May 2018, the new Dolphin LM/LT vacuum pumps, which are liquid ring compressors, were introduced by Busch Vacuum Solution. Single-stage Dolphin LM vacuum pumps are available, whereas two-stage Dolphin LT vacuum pumps are available. They're employed in processing, chemical and pharmaceutical operations, food technology, oil production and processing and various other industrial applications.
In 2021, S.T.E.R.I. SRL (STERI) was acquired by Atlas Copco The company primarily services various local industrial companies in the Italian regions of Piedmont and Valle d'Aosta. Compressors, filters and ancillary equipment are among the company's offerings. The company has been absorbed into the Compressor Technique Service division within the business area.
Atlas Copco Group
Overview: The Atlas Copco Group is a global industrial group of companies that develop, manufacture, service and rent industrial tools, air compressors and construction and assembly systems. The Group operates in four areas: Compressor Technique, Vacuum Technique, Construction Technique and Industrial Technique. Atlas Copco manufactures products at about 100 production sites in more than 20 countries. In 2018 Atlas Copco decided to split and form Epiroc AB, which focuses on customers in the mining, infrastructure and natural resources segments. Epiroc is now a fully independent company.
Product Portfolio: Atlas Copco AWS Liquid Ring, Vacuum Pumps: The Atlas Copco AWS liquid ring vacuum pump is a single-stage design that provides consistent performance from ambient pressure to absolute vacuum. The AWS series allows for filtration, vacuum forming and quick evacuation. Available in the following Horsepower: 10, 15, 20, 25, 30, 40, 60, 75, 120, 250.
Key Development
In June 2020, Ovity Air Comprimé, a reseller of industrial air compressors and compressed air solutions, was bought by Atlas Copco. Atlas' geographical position in France has been strengthened due to this development.
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• Visualize the global liquid ring compressors market segmentation by type, material, flow rate, application and region, highlighting key commercial assets and players.
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The global liquid ring compressors market report would provide approximately 61 market data tables, 56 figures and 212 pages.
Target Audience 2022
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- 1. Global Liquid Ring Compressors Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Liquid Ring Compressors Market – Market Definition and Overview
- 3. Global Liquid Ring Compressors Market – Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Material
- 3.3. Market Snippet by Flow Rate
- 3.4. Market Snippet by Application
- 3.5. Market Snippet by Region
- 4. Global Liquid Ring Compressors Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Growing demand for eco-friendly compressors in various industries is driving the market share for the liquid ring compressors market
- 4.1.1.2. XX
- 4.1.2. Restraints
- 4.1.2.1. Rising strict regulations for liquid ring compressors are challenging the growth of the product
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Global Liquid Ring Compressors 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 Compressors 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 Compressors 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. Two-Stage
- 8. Global Liquid Ring Compressors Market – By Material
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 8.1.2. Market Attractiveness Index, By Material
- 8.2. Cast Iron *
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Stainless Steel
- 8.4. Others
- 9. Global Liquid Ring Compressors Market – By Flow Rate
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 9.1.2. Market Attractiveness Index, By Flow Rate
- 9.2. 25 – 600 M3H*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. 600 – 3,000 M3H
- 9.4. 3,000 – 10,000 M3H
- 9.5. Over 10,000 M3H
- 10. Global Liquid Ring Compressors 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. Petrochemical & Chemical *
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Pharmaceutical
- 10.4. Automotive
- 10.5. Food Manufacturing
- 10.6. Oil & Gas
- 10.7. EPS and Plastics
- 10.8. Pulp & Paper
- 10.9. Others
- 11. Global Liquid Ring Compressors Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7.
- 11.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.8.1. Brazil
- 11.4.8.2. Argentina
- 11.4.8.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. South Korea
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Flow Rate
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Global Liquid Ring Compressors Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Liquid Ring Compressors Market- Company Profiles
- 13.1. Atlas Copco *
- 13.1.1. Company Overview
- 13.1.2. End-User Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Busch Vacuum Solutions
- 13.3. OMEL
- 13.4. SAFEM
- 13.5. Flowserve Corporation
- 13.6. Ingersoll Rand
- 13.7. DEKKER Vacuum Technologies, Inc
- 13.8. Graham Corporation
- 13.9. Cutes Corp
- 13.10. Zibo Zhaohan Vacuum Pump Co., Ltd
- LIST NOT EXHAUSTIVE
- 14. Global Liquid Ring Compressors Market – Premium Insights
- 15. Global Liquid Ring Compressors Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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