The liquid ring vacuum pumps market size was USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026, owing to the rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry are expected to drive the use of liquid ring vacuum pumps.
Liquid ring pumps can be employed for vacuum as well as compression jobs, which makes them popular across various industries. As with liquid, the pump uses its impeller to compress the gas. These pumps can be employed for applications such as vacuum distillation, moisture extraction, vacuum condensation, air or ash handling, evaporation, mineral beneficiation, and for separating water from paper pulp. Compared to other mechanical pumps, liquid ring vacuum pumps need minimal maintenance because they are driven by the liquid ring technology and have only one rotating part, the impeller, which reduces the need for regular maintenance.
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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
The liquid ring vacuum pumps with a flow rate of 3,000-10,000 m3/h are considered medium capacity liquid ring vacuum pumps. Medium capacity liquid ring vacuum pumps are used in diverse applications across industries such as oil & gas and petrochemical & chemical. High demand from pulp & paper, oil & gas, power generation, and chemical industries is expected to fuel the growth of this segment.
North America is expected to be the second-largest market in 2020, in terms of value
North America is expected to be the second-largest market for liquid ring vacuum pumps during the forecast period. There is an increasing demand for liquid ring vacuum pumps from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring vacuum pumps in the region.
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), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.
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