The Liquid Ring Compressors Market Size was valued at USD 386.9 million in 2022, and expected to reach USD 616.65 million by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.
Gases are often compressed using liquid ring compressors from a lower pressure to a higher pressure. Positive displacement liquid ring compressors have no valves and are made up of a number of elements, including an impeller, an impeller hub, a body casing, and intake and discharge ports. They might be single-stage, dual-stage, or multi-stage in construction. Progressively higher pressures of up to 1.5 bar, 6.5 bar, and 13 bar can be reached with a greater number of stages.
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In demanding operating conditions, such as exhaust control in nuclear power plant applications, vapour recovery in chemical and petrochemical applications, liquefaction of vinyl chloride vapours in the plastics and polymer industry, and compression of ozone in bleaching applications, liquid ring compressors are preferentially used.
They also have significant industrial uses, such as gas management in power plants, anaerobic processes, and sugar saturation in the sugar industry. The analysis of the worldwide liquid ring compressors market is crucial to read because of the great usability of these devices in essential applications.
Drivers:
Increase in Energy Use.
Low Operational and Maintenance Costs
The Gas Transportation Sector is Growing
Restraints:
Japan and South Korea's LNG imports are declining
Growing Concerns with Water Conservation
Opportunity:
Environmentally Friendly Compressors are in Increasing Demand
Demand for liquid ring compressors will rise as emerging economies industrialise
Challenge:
Observation of Strict Quality Standards
Effect of COVID-19 on the Market for Liquid Ring Compressors
According to estimates, the pandemic will have an effect on a number of components along the liquid ring compressors market's value chain. This influence is anticipated to be felt throughout the forecast period, particularly in 2020. The market for liquid ring compressors' numerous application areas is feeling the effects of COVID-19.
The epidemic significantly reduced demand for petroleum and petroleum-derived products as worldwide economic activity came to a stop. The price of crude oil decreased as a result of the loss in demand and an unanticipated increase in supply, which in turn affected the price of refined petroleum products. Additionally, it was predicted that the global petroleum demand will decrease compared to 2019 levels in 2020 and 2021. This has in turn impacted the market for liquid ring compressors in the oil and gas sector. In addition, compared to other nations throughout the world, the US has been negatively impacted by the COVID-19 epidemic. Due to the effects of the pandemic, the growth of the liquid ring compressor market in the nation is anticipated to be modest during the projected period.
By Type:
Single-stage
Two-stage
By Material Type:
Cast Iron
Stainless Steel
Others
By Flow Rate:
25 – 600 M3H
600 – 3,000 M3H
3,000 – 12,000 M3H
Over 12,000 M3H
By Application:
Petrochemical & Chemical
Pharmaceutical
Food Manufacturing
Aircraft
Automobile
Water Treatment
Oil & Gas
Power Generation
EPS and Plastics
Pulp & Paper
Others
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Geographical regions such as Europe, the Middle East & Africa, North America, South America, and Asia Pacific have been used to segment the liquid ring compressors market. Because labour is readily available and raw materials are inexpensive, the Asia Pacific region is expected to draw a lot of investors who will establish their respective production facilities there. Additionally, there has been a discernible rise in industrial activity in this area. Low manufacturing costs and the growing backing of the local governments have both contributed to the growth of industrial operations. The regional market has been receiving growth stimulus from rising R & D expenditures as well.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Atlas Copco, Cutes CorpOMEL, Speck, Flowserve Corporation, DEKKER Vacuum Technologies, Inc., Ingersoll Rand, Busch Vacuum Solutions, Graham Corporation, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 386.9 Million |
| Market Size by 2030 | US$ 616.9 Million |
| CAGR | CAGR of 6.0% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Single-stage, Two-stage) • By Material Type (Cast Iron, Stainless Steel, Others) • By Flow Rate (25 – 600 M3H, 600 – 3,000 M3H, 3,000 – 12,000 M3H, Over 12,000 M3H) • By Application (Petrochemical & Chemical, Pharmaceutical, Food Manufacturing, Aircraft, Automobil, Water Treatment, Oil & Gas, Power Generation, EPS and Plastics, Pulp & Paper, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Atlas Copco, Cutes CorpOMEL, Speck, Flowserve Corporation, DEKKER Vacuum Technologies, Inc., Ingersoll Rand, Busch Vacuum Solutions, Graham Corporation, and other players. |
| DRIVERS | • Increase in Energy Use. • Low Operational and Maintenance Costs • The Gas Transportation Sector is Growing |
| Restraints | • Japan and South Korea's LNG imports are declining • Growing Concerns with Water Conservation |
Ans: Single-stage and Two-stage are the sub-segments of by type segment
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: According to estimates, the pandemic will have an effect on a number of components along the liquid ring compressors market's value chain. This influence is anticipated to be felt throughout the forecast period, particularly in 2020. The market for liquid ring compressors' numerous application areas is feeling the effects of COVID-19.
Ans: Environmentally Friendly Compressors are in Increasing Demand and Demand for liquid ring compressors will rise as emerging economies industrialise are the opportunity for Liquid Ring Compressors Market.
Ans: Liquid Ring Compressors Market Size was valued at USD 365 million in 2021, and expected to reach USD 398.42 million by 2028, and grow at a CAGR of 6.0 % over the forecast period 2022-2028.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Liquid Ring Compressors Market Segment, By Type
8.1 Single-stage
8.2 Two-stage
9.Liquid Ring Compressors Market Segment, By Material Type
9.1 Cast Iron
9.2 Stainless Steel
9.3 Others
10.Liquid Ring Compressors Market Segment, By Flow Rate
10.1 25 – 600 M3H
10.2 600 – 3,000 M3H
10.3 3,000 – 12,000 M3H
10.4 Over 12,000 M3H
11.Liquid Ring Compressors Market Segment, By Application
11.1 Petrochemical & Chemical
11.2 Pharmaceutical
11.3 Food Manufacturing
11.4 Aircraft
11.5 Automobile
11.6 Water Treatment
11.7 Oil & Gas
11.8 Power Generation
11.9 EPS and Plastics
11.10 Pulp & Paper
11.11 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profile
13.1 Atlas Copco
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cutes CorpOMEL, Speck
13.3 Flowserve Corporation
13.4 DEKKER Vacuum Technologies, Inc.
13.5 Ingersoll Rand
13.6 Busch Vacuum Solutions
13.7 Graham Corporation
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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