Liquid Ring Compressors Market Growth with Worldwide Industry Analysis to 2027
Liquid ring compressors are preferentially used in tough operating environments such as exhaust control in nuclear power plant applications, vapour recovery in petrochemical and chemical applications, liquefaction of vinyl chloride vapours in the plastics and polymer industry and for compression of ozone in bleaching applications. They also find important industrial applications such as handling of gases in combustion plants, in anaerobic processes and in saturation of sugar in the sugar industry.
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Considering the high utility of liquid ring compressors in vital applications, the study of global liquid ring compressors market becomes an important read.
Liquid Ring Compressors Market: Segmentation
On the basis of product type, the global liquid ring compressors market is segmented as follows:
Single Stage liquid ring compressors
Two Stage liquid ring compressors
Multistage liquid ring compressors
On the basis of application type, the global liquid ring compressors market is segmented as follows:
Geothermal power generation
Flare gas compression
Oil & gas production
Carbon Dioxide compression in sugar mills
Digester gas treatment
Flare-gas, biogas, chlorine and vinyl chlorine monomer (VCM) recovery
Liquid Ring Compressors Market: Key Trends, Drivers
Liquid ring compressors exhibit many advantages with regard to their usage vis-à-vis other compressor types, such as their capability of handling explosive gases, wet gases and gases with chemical residue. In case of liquid ring compressors, the compression is carried out by liquid; hence, the possibility of damage to the equipment is considerably reduced. Also, there is minimal metal to metal contact during the working of liquid ring compressors with only a single moving part, thereby, providing the benefit of metal erosion prevention of the equipment. Hence, the design of liquid ring compressors makes it extremely tough and durable.
These advantages of liquid ring compressors with regard to their application are expected to continue to drive the growth of the global liquid ring compressors market. Liquid ring compressors, on account of their varied applications across industries and their chemical residue and toxic and explosive gas handling capabilities, are expected to witness steady growth across the globe, in the next few years. Rising demand from industries such as oil & gas, power, chemical and wastewater treatment is expected to considerably fuel the growth of the global liquid ring compressors market in the next few years.
However, as liquid ring compressors consume relatively higher amount of power especially during continuous operations, they contribute largely to the operating costs of processing, thereby dissuading potential industrial consumers from their purchase and encouraging them for cost-effective substitutes.
Also, as the operation of liquid ring compressors inherently involves high amounts of heating of the equipment, frequent replacement of cooling media needs to be done requiring large quantities of coolant liquid, thereby incurring additional operating costs. The materials of construction of component parts of liquid ring compressors need to be corrosion resistant as part of design requirement. This increases their manufacturing cost as well, thereby making their prices prohibitively high in some instances. These factors are expected to dampen the growth rate of the global liquid ring compressors market, to some extent.
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Liquid Ring Compressors Market: Participants
Some of the examples of the market participants in the global liquid ring compressors market are:
Gardner Denver Nash
Sterling SIHI GmbH
Emtivac Vacuum Pump & System Engineers
Premier Fluid Systems Inc.
DEKKER Vacuum Technologies, Inc.
Tsurumi Vacuum Engineering (Shanghai) Co., Ltd.
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