Press release
Liquid Ring Vacuum Pumps Segment analysis: Consumption by oil & gas segment crossing US$ 931 Mn by 2024
– Research Analyst, Industrial Automation Domain, Persistence Market Research
According to “Global Liquid Ring Vacuum Pumps Market Industry Analysis and Forecast 2016-2024,” the global liquid ring vacuum pumps market will reach US$ 2,871.3 Mn by the end of the forecast period.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/12991
Regional analysis indicates that the US$ 535 Mn North American market will rule the roost with an estimated 6% CAGR over 2016-2024. Towards the close of 2024, this region is expected to attain revenues worth US$ 851.1 Mn. Latin America, Europe, and Asia Pacific are identified to be the next key markets for LRVP. North America, Europe, and APAC will collectively hold a whopping 75% share of the total market size in 2024.
In developing economies within Asia Pacific, leading LRVP manufacturers are tackling the competitive pricing issue in order to deliver customer-centric products. Moreover, China and India host a swelling number of small manufacturers specifically serving pharma and chemical process industries. These factors will play a vital role in pushing the sales of liquid ring vacuum pumps in near future within Asian markets. Reaching a value beyond US$ 504 Mn, APAC market is likely to expand at a moderate CAGR of 5.3% over 2016-2024.
LRVP market expanding at the backdrop of a slew of factors Increasing demand from oil & gas, and power industries, Growing preference for high capacity-high cost liquid ring vacuum pumps, Extending applications in chemical and general process industries, Constant innovation by manufacturers, Strict EPA regulations ,Promising emergence of low water consuming pumps ,Burgeoning M&A between key players ,Lucrative opportunities in Asia countries .
Segment analysis: Consumption by oil & gas segment crossing US$ 931 Mn by 2024
In terms of capacity, 500-1500 cfm segment will continue to lead with the maximum revenue sales, followed by < 500 cfm segment. However, < 500 cfm segment will possibly thrive fastest at a CAGR of 5.2%, followed by > 1500 cfm segment with an estimated 4.4% CAGR over 2016-2024.
Considering material type, cast iron segment will continue dominance with over 60% value share, reaching a value of US$ 1,718.2 Mn in 2024. This segment will also demonstrate the fastest CAGR of 5.3% over the forecast period. Stainless steel segment will also grow moderately at 5%, attaining a value worth US$ 876 Mn in 2024.
Based on the end-use industry, oil and gas sector will retain dominance over others, with over US$ 931 Mn by the end of 2024 in terms of revenues. Chemical processing and general process industries will continue to maintain the second and third largest segments respectively. Among these, general process industries will display a higher CAGR of 5.8% over 2016-2024, bagging the revenues of over US$ 511 Mn. Paper and pulp, and power segments are expected to grow steadily throughout the assessment period.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/market-research/liquid-ring-vacuum-pumps-market/toc
Report analyzes the key company profiles
Dekker Vacuum Technologies Inc., Busch Vacuum Technics Inc., Flowserve Corporation, Tsurumi Manufacturing Co., Ltd., Atlas Copco Airpower N.V., Gardner Denver Nash LLC, Tuthill Vacuum & Blower Systems, and Graham Corp. are some of the key players that constitute the competitive landscape of the global liquid ring vacuum pumps marketplace. Persistence Market Research’s report includes in-depth profiling of key companies.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Liquid Ring Vacuum Pumps Segment analysis: Consumption by oil & gas segment crossing US$ 931 Mn by 2024 here
News-ID: 1355114 • Views: …
More Releases from Persistence Market Research
Urolithiasis Management Devices Market Set to Grow and Garner a Share of US$ 2.2 …
Introduction
The urolithiasis management devices market has witnessed significant growth in recent years, driven by the increasing prevalence of kidney stones and advancements in minimally invasive treatment options. Urolithiasis, or the formation of stones in the urinary tract, is a growing global health concern linked to changing dietary habits, sedentary lifestyles, and rising incidences of metabolic disorders such as obesity and diabetes. Management devices play a crucial role in the diagnosis,…
Endoscopic Closure Systems Market Set to Grow at a 6.7% CAGR, Crossing the US$ 4 …
Introduction
The endoscopic closure systems market has witnessed remarkable growth in recent years due to their critical role in minimally invasive surgical procedures. These systems are primarily used to close gastrointestinal perforations, resection sites, fistulas, and leaks, offering a safe and effective alternative to traditional open surgeries. Known for their efficiency, precision, and patient safety benefits, endoscopic closure systems have become indispensable in gastroenterology, bariatric surgery, oncology, and other medical specialties.
Request…
At-Home Molecular Testing Market to Reach US$16.3 Bn by 2030, Growing at 6.0% CA …
Introduction
The at-home molecular testing market has gained remarkable momentum in recent years, driven by the growing demand for accessible, convenient, and accurate diagnostic solutions. Leveraging advanced molecular technologies such as PCR and isothermal amplification, these tests enable users to detect infectious diseases, genetic conditions, and other health-related biomarkers without visiting traditional healthcare facilities. The increasing focus on patient-centric care, rising awareness about preventive health, and technological advancements in miniaturized diagnostic…
Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
