Liquid Ring Vacuum Pumps Market is Segmented By Type (Single Stage, Two-Stage), By Material, Cast Iron, Stainless Steel, Others, By Flow Rate (25 – 600 M3H, 600 – 3,000 M3H, 3,000 – 10,000 M3H, Over 10,000 M3H), By Application (Chemical Processing, Oil & Gas, Power Generation, Pulp & Paper, General Process Industries, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The Liquid Ring Vacuum Pumps Market is estimated to reach at a CAGR of 5.6% during the forecast period (2024-2031).
Liquid ring vacuum pumps are equipment for rotating positive displacement used in environmental, chemical, electrical power, food and beverage processing and packaging, marine, mining, pulp & paper, oil & gas, pharmaceutical, and textiles to provide process vacuum.
Water or another process-compatible liquid is used as the sealant in liquid ring vacuum pumps. Liquid ring vacuum pumps are reliable and safe in handling filthy and potentially harmful gas streams owing to their easy operation and lack of interacting parts. Liquid ring pumps come in single and dual-stage designs and compressor configurations for even more versatility.
The conversion capacity of the product is expected to rise faster than the distillation capacity, resulting in greater conversion capacity at current refineries. In refinery applications, liquid ring vacuum pumps and steam ejectors provide dependable vacuum distillation solutions. The need for liquid ring vacuum pumps is predicted to increase due to this factor.
One of the key reasons to fuel demand for liquid ring vacuum pumps in these countries over the forecast period is the establishment and expansion of refinery projects in Egypt, Uganda, Nigeria, Taiwan, Malaysia, and India.
Market Scope
| Metrics | Details |
| Market CAGR | 5.6% |
| Segments Covered | By Type, By Material, By Flow Rate, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | Asia Pacific |
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Market Dynamics
Improving demand for liquid ring vacuum pumps from the chemical industry is driving the market share for the product.
Improving demand for liquid ring vacuum pumps from the chemical industry is driving the market share for the product.
Most chemical process industries use liquid ring vacuum pumps, especially those that require solvent recovery, vacuum filtering, and vapor recovery. Furthermore, vacuum pumps are required for specialized applications such as chlorine or hydrogen compression, vinyl chloride monomer recovery, and on, with liquid ring vacuum pumps providing the optimum option for the applications above.
The liquid ring vacuum pumps market is projected to rise as the chemical sector's global outlook improves, owing to robust growth from end-user clients, notably in Asia-Pacific countries.
Another important aspect driving revenue for the liquid ring vacuum pumps and compressors market is the expansion worldwide of bioethanol and biodiesel. Because of its high octane content and ability to minimize greenhouse emissions, governments in various countries lean toward ethanol production.
Liquid ring vacuum pumps are frequently employed during bioethanol manufacturing, notably during distillation and rectification. Furthermore, these are used in transesterification, biodiesel, and glycerin separation, and the vacuum extraction of wet and saturated gases. Bioethanol production is expected to rise steadily during the forecast period, propelling the liquid ring vacuum pump market forward.
High cost and rising issues regarding water conservation are projected to hinder the global liquid ring vacuum pumps market growth
The global liquid ring vacuum pumps market is expected to get a hamper during the forecast period due to the high initial cost of liquid ring vacuum pumps and the shift towards hybrid technologies. A liquid ring vacuum pump installation cost is relatively high, depending on the industry's capacity, material, power, and safety measures. A liquid ring vacuum pump can cost anywhere from $1,000 to $50,000, with the more costly pumps and compressors being utilized for different applications needing high vacuums. As a result, instead of using a single high-power, high-capacity liquid ring vacuum pump, most organizations employ a combination of devices.
Furthermore, rising concerns about water conservation are projected to hamper the worldwide liquid ring vacuum pumps market's expansion over the forecast period. Various water conservation bodies worldwide have recognized unethical water usage and handling in liquid ring vacuum pumps. The chemical plants, petroleum refineries, pharmaceutical plants, and other production plants where many liquid ring vacuum pumps and compressors use considerable portable water.
Water agencies, including Contra Costa Water District, Metropolitan Water District of Southern California, Upper San Gabriel Valley Municipal Water District, East Bay Municipal Utilities District, and Antonio Water Service pressure water agencies, replace liquid ring vacuum pumps with alternative technologies through their publications.
COVID-19 Impact on Liquid Ring Vacuum Pumps Market Growth
The pandemic will likely impact several aspects of the liquid ring vacuum pumps market's value chain, which will be reflected over the forecast period, particularly in 2020. COVID-19 impacts the market for liquid ring vacuum pumps in several 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 liquid ring vacuum pumps market. Furthermore, the COVID-19 pandemic has hurt the U.S. compared to other countries around the world. Due to the impact caused by the pandemic, the growth of the liquid ring compressor market in the world is likely to be moderate over the forecast period.
Market Segmentation Analysis
The global liquid ring vacuum pumps market can be segmented on the type, material, flow rate, application, and region.
Improving demand for liquid ring vacuum pumps from general process industries is expected to create enormous opportunities for the product to grow in the forecast period.
The global liquid ring vacuum pumps market is segmented based on application into chemical processing, oil & gas, power generation, pulp & paper, general process industries, and others. Process sectors, particularly textiles, pulp & paper, sugar processing, pharmaceuticals, and food & beverage, have increased demand for liquid ring vacuum pumps and compressors, resulting in increased output.
Growing demand for energy-efficient manufacturing operations in developed countries is predicted to drive up spending on new pumping equipment, resulting in increased demand for liquid ring vacuum pumps. Growing demand from SMEs, particularly in growing economies like India and China, is a major factor driving the sales of liquid ring vacuum pumps. However, a large percentage of this demand is likely to come from the sugar, paper & pulp, chemical process, and pumps with capacities less than 1000 CFM.
The worldwide paper and pulp business has been relatively stagnant in recent years. Still, with the exponential expansion of e-Commerce, demand for forms used for packaging applications is predicted to revive growth in the paper and pulp sector.
The rise of the middle class in developing countries assists the global textile sector in reviving growth rates. By 2019, China is anticipated to have the second-highest growth in paper and paperboard production (behind India).
These characteristics, combined with an increase in the number of small entrepreneurs focusing on sugar processing, food, and beverage, and pharmaceuticals in India and China, are projected to drive the liquid ring vacuum pump market forward in the forecast period.
Market Geographical Share
Asia-Pacific dominated the global market for liquid ring vacuum pumps due to low manufacturing costs and local government backing and industrial activity is increasing in this region
Growing environmental concerns, notably in Asia-Pacific, have led to many industries relocating their specific product manufacturing bases to countries like China and India, where the business environment is more advantageous and environmental regulations are more lenient.
Furthermore, Asia-Pacific dominated the worldwide liquid ring vacuum pump market in 2020. This region's industrial activity is growing due to low manufacturing costs and local government support. Furthermore, higher investments in research and development activities are driving the market for liquid ring vacuum pumps in Asia-Pacific.
Market Companies and Competitive Landscape
The global liquid ring vacuum pumps 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 Vacuum Pumps market.
- In May 2018, the new Dolphin LM/LT vacuum pumps, which are Liquid Ring Vacuum Pumps, 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 other industrial applications.
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 Developments
- 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.
- In 2019, Atlas Copco launched revolutionary innovation packed Variable Speed Drive Liquid Ring Vacuum Pump.
