Market Insights
Liquid ring vacuum pumps are rotating positive displacement machines that provide process vacuum in a variety of industries, including environmental, chemical, electrical power, food & beverage processing, packaging, marine, mining, pulp & paper, oil & gas, pharmaceutical, and textiles.
Water or another process-compatible liquid is used as the sealant in liquid ring vacuum pumps. This makes them reliable and safe for handling dirty and potentially hazardous gas streams, as they are simple to operate and have no moving parts that can come into contact with the gas. Liquid ring pumps are available in single-stage and dual-stage designs, as well as compressor configurations, for even greater versatility.
The conversion capacity of the product is expected to increase faster than the distillation capacity, resulting in greater conversion capacity at current refineries. Liquid ring vacuum pumps and steam ejectors provide reliable vacuum distillation solutions in refinery applications. This factor is expected to drive demand for liquid ring vacuum pumps.
Increasing demand for energy-efficient manufacturing operations, Growing demand for liquid ring vacuum pumps from SMEs, and Technological advancements in liquid ring vacuum pumps are a few reasons for the growth of the market. Overall, the liquid ring vacuum pumps market is likely to grow at a promising CAGR of 5.8% for the next five years.
Segments' Analysis
Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Single-stage and Two-stage
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Two-stage is likely to account for the majority market share as well as remain the fastest-growing segment in the coming years.
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Material-Type Analysis
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Stainless Steel, Cast Iron, and Others
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Stainless Steel is likely to hold a mammoth share and is expected to grow at the fastest pace in the years to come.
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Flow Rate-Type Analysis
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25–600 M3H; 600–3,000 M3H; 3,000–10,000 M3H; and over 10,000 M3H
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3,000–10,000 M3H is expected to dominate the market and will grow fastest during the study period.
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Application-Type Analysis
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Petrochemical & Chemical, Food Manufacturing, Aircraft, Automobile, Pharmaceutical, Water Treatment, Oil & Gas, Power Generation, Pulp & Water, EPS & Plastics, And Others
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Oil & Gas is expected to remain dominant as well as the fastest-growing application type in the years to come.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest and fastest-growing market over the next five years.
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Product Type
The liquid ring vacuum pumps market is segmented into single-stage and two-stage. The two-stage segment is expected to dominate the market in the coming years. Two-stage liquid ring vacuum pumps are a type of rotating positive displacement pump that uses a pre-compressed pumping medium to achieve higher vacuum levels than single-stage pumps. The pre-compressed pumping medium is conveyed from the first stage to the second stage, where it is compressed again. This two-stage compression process results in higher efficiency and better performance at much higher vacuum levels.
Material Type
The market is segmented into stainless steel, cast iron, and others. Stainless steel material will remain the largest segment during the study period. The stainless-steel segment of the liquid ring vacuum pumps market is growing due to the high cavitation resistance of stainless steel. Cavitation is the formation of bubbles in a liquid that collapse violently. This can damage the pump and shorten its lifespan. Stainless steel is more resistant to cavitation than other materials, such as cast iron or aluminum. This makes it a more durable and reliable choice for liquid ring vacuum pumps.
Flow Rate Type
The market is segmented into 25–600 M3H; 600–3,000 M3H; 3,000–10,000 M3H; and over 10,000 M3H. The flow rate of 3,000–10,000 M3H is widely preferred. The high demand for liquid ring vacuum pumps with a flow rate of 3,000-10,000 m3/h is due to the extensive use of these pumps in various industries such as oil & gas, petrochemical & chemical, pulp & paper, and power generation.
Application Type
The market is segmented into Petrochemical & Chemical, Food Manufacturing, Aircraft, Automobile, Pharmaceutical, Water Treatment, Oil & Gas, Power Generation, Pulp & Water, EPS & Plastics, And Others. Oil & gas will be the biggest demand generator for the liquid ring vacuum pumps market. The global oil & gas industry is expected to see significant investments in the coming years. These investments in emerging economies, as well as ongoing development in the major oil-producing regions such as the Middle East and North America, are expected to drive the global market for liquid ring vacuum pumps in the oil & gas industry.
Regional Analysis
The Asia Pacific region is a major driver of the global liquid ring vacuum pumps market due to the region's low manufacturing costs, easy availability of raw materials and labor, and growing research and development activities. The region has some of the lowest manufacturing costs in the world, due to factors such as low labor costs, low energy costs, and government subsidies for manufacturing. It also has a large and growing pool of skilled labor and a wide range of raw materials that are essential for the production of liquid ring vacuum pumps.
The liquid ring vacuum pumps market is segmented into the following categories:
By Product Type
- Single-stage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Two-stage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Material Type
- Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cast Iron (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Flow Rate Type
- 25 – 600 M3H (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 600 – 3,000 M3H (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 3,000 – 10,000 M3H (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Over 10,000 M3H (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Petrochemical & Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automobile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water Treatment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pulp & Water (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- EPS & Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The following are the key players in the liquid ring vacuum pumps market:
- Busch Vacuum Solutions
- Flowserve Corporation
- Atlas Copco
- Ingersoll Rand
- Tsurumi Manufacturing Co., Ltd.
- DEKKER Vacuum Technologies, Inc.
- Vooner
- Graham Corporation
- Cutes Corp.
- Zibo Zhaohan Vacuum Pump Co., Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s liquid ring vacuum pumps market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
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Company Profiling
- Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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