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The Liquid Ring Vacuum Pumps Market Size was valued at USD 1.21 billion in 2023 and is expected to reach USD 1.91 billion by 2032 and grow at a CAGR of 5.20% over the forecast period 2024-2032.
Liquid ring vacuum pump systems are a reliable and inexpensive solution that was mostly made to meet the needs of individual consumers. Dry gas or dry air is compressed by a liquid ring vacuum pump in the same way that it is compressed by any other displacement pump. However, a liquid ring pump is even more compressed than any other pump. By leaving a small hole in the system, a flow of compressed gas is made that can move freely around the ring. The pump can make a vacuum by pushing the liquid into a tube that is narrow but long enough to let a steady stream of compressed gas flow through and leave no space for the leftover gas to gather. On the market, there are two kinds of liquid ring vacuum pumps: radial and concentric. The first one has a rotor with a housing, and the second one has two concentric discs, one at the bottom of the housing and one at the top.
Drivers:
More energy is being used
Low costs for maintenance and running
Gas Transportation Industry Picking Up Speed
Restraints:
Lng imports into Japan and South Korea are going down
Water conservation problems are getting worse
Opportunity:
Demand for compressors that are good for the environment is growing
Demand for liquid ring vacuum pumps and compressors will go up as emerging economies become more industrialized
Challenge:
Keeping to strict standards of quality
Effects of COVID-19 on the Market for Liquid Ring Vacuum Pumps and Compressors
People think that the pandemic will have an effect on different parts of the liquid ring vacuum pumps market's value chain. This effect is likely to happen during the time period covered by the forecast, especially in 2020. COVID-19 has an effect on the different types of applications for liquid ring vacuum pumps on the market.
Because of the pandemic, there was a big drop in the demand for oil and oil-based products because the global economy stopped working. The drop in demand and the unexpected rise in supply led to a drop in the price of crude oil, which in turn affected the prices of refined petroleum products. Also, it was thought that the world's demand for oil would go down in 2020 and 2021 compared to 2019. In turn, this has affected the growth of the market for liquid ring vacuum pumps in the oil and gas industry. In addition, the COVID-19 pandemic has hurt the US more than it has hurt other countries around the world. Due to the pandemic, the market for liquid ring vacuum pumps in the country is expected to grow slowly over the next few years.
By Type
Single-stage
Two-stage
By Material Type
Cast Iron
Stainless Steel
Others
By 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
In 2021, North America had the most in terms of geography. The oil and gas industries can be blamed for this rise because oil-producing countries like the Middle East and North America keep growing. More and more water and sewage treatment plants in the area need liquid ring vacuum pumps.
Asia-Pacific is also expected to have a high CAGR in the world market in 2021. Investors are drawn to the area because raw materials and labour are easy to get and cost less than in other places. This area has more industrial activity because production costs are low and the local government is helping. Also, the Asia-Pacific market for liquid ring vacuum pumps is growing because more money is being spent on research and development.
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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
Busch Vacuum Technics Inc., Graham Corp., Tuthill Vacuum & Blower Systems, Dekker Vacuum Technologies Inc., and other players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.21 Billion |
Market Size by 2032 | US$ 1.91 Billion |
CAGR | CAGR of 5.2% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
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 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), |
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 | Busch Vacuum Technics Inc., Recent Developments, Graham Corp., Tuthill Vacuum & Blower Systems, Product Portfolio, Future Plans, Dekker Vacuum Technologies Inc., and other players. |
DRIVERS | • More energy is being used. • Low costs for maintenance and running • Gas Transportation Industry Picking Up Speed |
Restraints | • Lng imports into Japan and South Korea are going down. • Water conservation problems are getting worse |
Ans: Keeping to strict standards of quality and Effects of COVID-19 on the Market for Liquid Ring Vacuum Pumps and Compressors are the challenges faced by the Liquid Ring Vacuum Pumps Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Busch Vacuum Technics Inc., Recent Developments, Graham Corp., Tuthill Vacuum & Blower Systems, Product Portfolio, Future Plans, Dekker Vacuum Technologies Inc., Financial Performance, Company Overview and Key Strategies.
Ans: Long imports into Japan and South Korea are going down and Water conservation problems are getting worse are the restraints for Liquid Ring Vacuum Pumps Market.
Ans: The Liquid Ring Vacuum Pumps Market Size was valued at USD 1.21 billion in 2023 and is expected to reach USD 1.91 billion by 2032 and grow at a CAGR of 5.20% over the forecast period 2024-2032.
Table of Contents
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
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Liquid Ring Vacuum Pumps Market Segment, By Type
8.1 Single-stage
8.2 Two-stage
9.Liquid Ring Vacuum Pumps Market Segment, By Material Type
9.1 Cast Iron
9.2 Stainless Steel
9.3 Others
10.Liquid Ring Vacuum Pumps Market Segment, By 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 Vacuum Pumps 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 Busch Vacuum Technics Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Recent Developments
13.3 Graham Corp.
13.4 Tuthill Vacuum & Blower Systems
13.5 Product Portfolio
13.6 Future Plans
13.7 Dekker Vacuum Technologies Inc.
13.8 Financial Performance
13.9 Company Overview
13.10 Key Strategies
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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