Liquid Ring Vacuum Pumps Market Driving1

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jack martin 5/26/2023 12:09:57 PM

Liquid Ring Vacuum Pumps Market: Driving Efficiency and Reliability in Process Industries| MarketsandMarkets™

A liquid ring vacuum pump is a type of vacuum pump that creates a partial vacuum by rotating an impeller. It operates by circulating liquid (typically water, oil, or a specialised liquid) in a ring around the impeller. This creates a moving seal between the impeller and the pump housing, which allows the pump to evacuate gas from a process chamber. Food processing, chemical, petrochemical, and pharmaceutical industries all use liquid ring vacuum pumps. They are also used in the production of paper and plastics, as well as in the processes of distillation, evaporation, and filtration. Because of their dependability, high efficiency, and low maintenance costs, liquid ring vacuum pumps are in high demand.

The report "Liquid Ring Vacuum Pumps Market by Type (Single-stage, Two-stage), Material Type (Stainless Steel, Cast Iron, Others), Flow Rate (25 – 600 M3H; 600 – 3,000 M3H; 3,000 – 10,000 M3H; Over 10,000 M3H), Application and Region - Global Forecast to 2026", size is estimated to be USD 1,082 million in 2021 and is projected to reach USD 1,412 million by 2026; it is expected to grow at a CAGR of 5.5% from 2021 to 2026, owing to the increasing global energy consumption and steadily rising gas transportation sector.

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Liquid Ring Vacuum Pumps Market Growth Drivers

  • Rising demand for vacuum pumps in the pharmaceutical sector: The demand for vacuum pumps in the pharmaceutical business is being driven by the industry's rapid growth and the desire for cutting-edge treatments and medications. High vacuum conditions are needed for some processes, including distillation, evaporation, and extraction, and these conditions are created using vacuum pumps.
  • Growing demand for vacuum pumps in the automotive industry: Due to the necessity for effective fuel injection and pollution control systems, vacuum pump demand in the automotive industry is on the rise. To create the vacuum necessary for these systems to function effectively, vacuum pumps are needed.
  • Growing demand for energy-efficient pumps: Due to their energy efficiency, vacuum pumps are being employed in industrial operations more and more. Due to their wide range of industrial applications, energy-efficient liquid ring vacuum pumps are in high demand.
  • Technological advancements in vacuum pumps: The demand for liquid ring vacuum pumps is being driven by technological advancements in vacuum pumps. These pumps are more efficient and dependable, with advanced features that make them suitable for a wide range of industrial applications.
  • Growing demand from the food and beverage industry: The global market for liquid ring vacuum pumps is expanding significantly due in large part to the food and beverage industries. Evaporation, dehydration, and distillation are just a few of the operations in the food and beverage sector that use these pumps. Moreover, they are employed in procedures like vacuum packaging and sterilising.

By type, two-stage is the fastest-growing segment during the forecast period of 2021 to 2026.

During the forecast period of 2021–2026, the market for two-stage liquid ring vacuum pumps is anticipated to expand significantly. This is due to the numerous benefits they provide over single-stage liquid ring vacuum pumps. These pumps have a longer useful life and can function at higher vacuum levels with less power. As comparison to single-stage liquid ring vacuum pumps, two-stage pumps are more effective and have better suction capacity. Furthermore, compared to single-stage pumps, these pumps are smaller and require less maintenance. Moreover, the market for two-stage liquid ring vacuum pumps is anticipated to expand at a faster rate due to the growing demand for two-stage pumps from various industries, including the chemical, pharmaceutical, food, and beverage. Additionally, the growing needs for energy efficiency and cost reduction across industries are further expected to propel the growth of the two-stage liquid ring vacuum pumps market.

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By flow rate, 3000-10,000 m3/h segment is projected to grow at the highest CAGR during the forecast period

Due to the rising demand for these pumps in the oil and gas industry, the 3000-10,000 m3/h segment is anticipated to experience the fastest growth rate throughout the projected period. Oil and gas production, wellhead and water treatment, liquid transfer, and gas compression are just a few of the uses for liquid ring vacuum pumps in the sector. Moreover, the market is expanding as a result of rising vacuum pump demand in the pharmaceutical and automotive sectors. The ability of vacuum pumps to provide a vacuum in a variety of applications, including degassing, drying, filtration, and other related operations, is a major factor in these industries' increasing demand for vacuum pumps.

Asia Pacific is expected to register the highest CAGR during Forecast Period

Throughout the forecast period, the Asia-Pacific region is anticipated to develop at the fastest rate in the worldwide ring vacuum pumps market. This is related to the region's rising industrial activity and economic expansion, which have increased demand for vacuum pumps. Additionally, it is anticipated that the region's need for ring vacuum pumps will increase due to the expansion of the construction and automotive industries, as well as rising investments in the healthcare sector. The market is anticipated to increase as a result of rising consumer demand for environmentally friendly and energy-efficient pumps. Vacuum pump demand in the area is also anticipated to be supported by the growing demand for chemicals, oil & gas, and other sectors.

In terms of value, North America is anticipated to be the second-largest market for liquid ring vacuum pumps in 2020. Throughout the projection period of 2021–2026, the demand for liquid ring vacuum pumps is anticipated to expand strongly in the region. The expanding demand from the chemical, power generation, and food processing industries is to blame for this growth. The market for liquid ring vacuum pumps in North America is also anticipated to increase because of the rising demand for these pumps in the petrochemical and oil & gas sectors.

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The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), Speck (Germany) and others.

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