Liquid Ring Vacuum Pump Market Size, Share, Opportunities, And Trends By Type (Single-Stage Liquid Ring Pump, Two-Stage Liquid Ring Pump), By Sealant (Water, Oil, Others), By End-User (Automotive, Aerospace, Chemical, Oil & Gas, Water Treatment, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jun 2023
- Report Code : KSI061615502
- Pages : 127
The global liquid ring vacuum pump market is expected to grow at a CAGR of 4.19% during the forecast period.
A liquid ring vacuum pump is a rotational positive displacement pump used for producing a vacuum in numerous industrial applications. In order to form a seal and compress vapour or gas, it works by spinning a liquid ring or disc in the pump case. Liquid ring vacuum pumps can efficiently handle wet or liquid-laden gases hence they are frequently employed in processes like hoover filtration, gas stripping, vapour recovery, and such industrial procedures that need for the formation of a hoover. These pumps are powerful, dependable, and capable of handling a variety of gas compositions, including explosive and corrosive gases.
- The industrial boom in end-user industries
Liquid ring vacuum pump market demand is on the rise as a result of the general industrial boom in industries like oil and gas, chemical processing, food and beverage production, pharmaceuticals, and power generation. According to the International Energy Agency (IEA), the demand for oil is anticipated to rise by 2.2 mb/d Y-o-Y in 2023. With the increasing demand for oil and gas, the liquid ring vacuum pump market is set to expand as liquid ring vacuum pumps are essential in the oil and gas sector for uses such as recovering vapour from wells, pipeline evacuation, and so on.
Green legislation and energy efficiency.
The deployment of tougher emission restrictions and the requirement for effective gas handling and vapour recovery systems are the results of rising environmental legislation and sustainability initiatives. Such applications are well suited for liquid ring vacuum pumps since they efficiently handle liquid-laden gases and help to capture and remove dangerous emissions.
- Availability and quality of the sealant
For proper operation, liquid ring vacuum pumps need suitable sealing fluid on a constant basis. Particularly in places with limited water supplies or when treating specific corrosive gases that require specialized liquid media, the availability of the liquid can be a limitation.
- Installation issues
In comparison to several other types of vacuum pumps, liquid ring vacuum pumps are frequently bigger and heavier. Due care must be taken during system design and installation as this can offer difficulties in installations where there are weight and space limits.
Some of the offerings by key players are listed below:
- ELMO-F series by Siemens- The ELMO-F series from Siemens includes a variety of liquid ring vacuum pumps. These pumps are renowned for being extremely dependable and effective. They are appropriate for use in the petrochemical, chemical, food processing, and pharmaceutical industries.
- The Dolphin Liquid Ring Vacuum Pumps series by Busch Vacuum Solutions: These pumps offer cutting-edge design advancements like optimized performance, lower energy usage, and increased operational dependability. They are made for a variety of uses, such as pharmacological research, environmental technology, and food processing.
- Vectra XL series by Gardner Denver Nash- These pumps are specially made for heavy-duty applications in chemical, energy and power, oil and gas, and other sectors. They come in a variety of sizes and combinations and deliver dependable performance.
- Developing markets and niche applications:
The expansion of developing markets including biotechnology, renewable energy, and environmental remediation has further boosted demand for liquid ring vacuum pumps. Liquid ring vacuum pumps can offer effective and dependable vacuum capabilities for operations like solar panel manufacture, biogas purification, and waste treatment in these niche industries.
- Technological advancement:
The performance, effectiveness, and dependability of liquid ring vacuum pumps have been enhanced through technological developments. For instance, LRP 700-1000 VSD series, offered by Atlas Corpo. is an intelligent liquid ring pump that uses Variable Speed Drive technology with the best-in-class performance and connectivity. By lowering power usage during times of decreased demand, this technology aids in energy consumption optimization. As more sectors see the advantages of adopting liquid ring vacuum pumps as a result of these developments, the market is bound to surge even more.
Chemical Industry is the prime end-user.
The chemical sector is the primary consumer of liquid ring vacuum pumps. In the chemical and petrochemical industries, liquid ring vacuum pumps are widely used for processes like vacuum distillation, gas compression, and solvent and vapour recovery. They handle explosive and corrosive gases, making them suited for the demanding circumstances seen in this industry. Hence, it is anticipated that over the course of the forecast period, demand for liquid ring vacuum pumps in these industries will rise significantly.
Asia Pacific market is anticipated to surge.
Significant expenditures are being made to ensure a reliable and robust semiconductor infrastructure as a result of the recent growth in demand in Asian countries. Consequently, the liquid ring vacuum pump market size is expected to expand in the region. For instance, the construction of a new manufacturing facility for vacuum and abatement systems for the production of semiconductors was announced by Edwards, Atlas Copco Group in December 2022. The addition of this new facility was in South Korea which is growing to become a hub for semiconductors along with other Asian countries such as Taiwan, China, and India.
Further, in power plants, these pumps are used to support maintaining effective turbine operation, improve the effectiveness of the power plant, and guard against air and steam leaks. The liquid ring vacuum pump needs to have a higher capacity and be compatible with the plant's power generation capabilities. Significant growth in power generation capacity in Southeast Asia, India, and China is anticipated during the forecast period, which will raise demand for liquid ring vacuum pumps.
- April 2023- Atlas Copco completed the acquisition of assets of Shandong Jinggong Pump Co., Ltd, a Chinese firm that designs and produces liquid ring vacuum pumps and systems for chemical and other general sectors for an undisclosed price.
- November 2022- Four pump and motor skids for MEG regeneration have just been delivered by Asco Vacuum Technologies to the oil and gas sector. A liquid ring vacuum pump, type AVA1806LL, with a 75-kW electric motor, an API 681 special construction, all wetted parts made of AISI 316L-NACE, specific bolting, and flanged connections, and drain lines included is installed in each group.
Liquid Ring Vacuum Pump Market Scope:
|Growth Rate||CAGR of 4.19% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Sealant, End-User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Atlas Copco AB, Flowserve Corporation, Busch Group, Gardner Denver, Kakati karshak Pvt ltd, VAKUO GmbH, Osaka Vacuum, Ltd, MD-Kinney, Acme Air Equipments Co, Pvt. Ltd., Zhejiang Yonjou Technology Co., Ltd|
|Customization Scope||Free report customization with purchase|
- BY TYPE
- Single-Stage Liquid Ring Pump
- Two-Stage Liquid Ring Pump
- BY SEALANT
- BY END-USER
- Oil & Gas
- Water Treatment
- BY GEOGRAPHY
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LIQUID RING VACUUM PUMP MARKET ANALYSIS, BY TYPE
5.2. Single-Stage Liquid Ring Pump
5.3. Two-Stage Liquid Ring Pump
6. LIQUID RING VACUUM PUMP MARKET ANALYSIS, BY SEALANT
7. LIQUID RING VACUUM PUMP MARKET ANALYSIS, BY END-USER
7.5. Oil & Gas
7.6. Water Treatment
8. LIQUID RING VACUUM PUMP MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Atlas Copco AB
10.2. Flowserve Corporation
10.3. Busch Group
10.4. Gardner Denver
10.5. Kakati karshak Pvt ltd
10.6. VAKUO GmbH
10.7. Osaka Vacuum, Ltd
10.9. Acme Air Equipments Co, Pvt. Ltd.
10.10. Zhejiang Yonjou Technology Co., Ltd
Atlas Copco AB
Kakati karshak Pvt ltd
Osaka Vacuum, Ltd
Acme Air Equipments Co, Pvt. Ltd.
Zhejiang Yonjou Technology Co., Ltd
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