Press release
Liquid Ring Vacuum Pumps Market To Grow At Rate Of USD 3.10 Billion By 2030 | CAGR: 5.6%
Liquid Ring Vacuum Pumps Market
The rising demand for environment-friendly compressors is boosting the market over the forecast period. The demand for environmentally friendly compressors has increased as emissions levels have risen and fuel usage in compressed air systems has increased. For instance, as per the Environmental Protection Agency (EPA), the economic activities that lead to the creation of greenhouse gases can also be split down. Such as the electricity and heat production sector contributes 25% of GHG emissions, the industry sector contributes 21%, transportation (14%), agriculture, forestry and land use (24%), buildings (6%), and others (10%). Thus, emission from various economic sectors has increased the demand for environmentally friendly products such as compressors.
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Furthermore, long-term savings and a cleaner environment can be achieved with liquid ring machines and compressors. Compared to rotary compressors, environmentally friendly liquid ring devices use less fuel and produce less noise. These pumps are composed of tough materials that can endure volatile gases and vapors while still performing well. The pump can safely pump explosive gases as these gases are compressed at the same temperature in the cavity. Over the forecast period, all of these factors have produced greater potential prospects for the liquid ring products industry.
Based on the end-use, the oil and gas segment accounted for the leading share in the market in 2021. The investments in the oil & gas exploration projects are likely to propel the global industry for both the oil and gas sector-moreover, a keen interest of oil-producing nations in developing for achieving their carbon credits.
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Market players such as PPI Pumps Samson Pumps, Busch Vacuum Solutions, Cutes Corp., Dekker Vacuum Technologies, Inc., Atlas Copco, Flowserve Corporation, Graham Corporation, Ingersoll Rand, Omel, Zibo Zhaohan Vacuum Pump Co., Ltd, Speck, Tsurumi Manufacturing Co., Ltd., Vooner, Finder Pumps, and Zibo Zhaohan Vacuum Pump Co., Ltd are some key players operating in the global market.
Polaris Market Research has segmented the liquid ring vacuum pumps market report based on stage, material type, capacity, end-use, and region:
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Liquid Ring Vacuum Pumps, Stage Outlook (Revenue - USD Billion, 2018 - 2030)
Single
Multiple
Liquid Ring Vacuum Pumps, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Cast Iron
Stainless Steel
Others
Liquid Ring Vacuum Pumps, Capacity Outlook (Revenue - USD Billion, 2018 - 2030)
< 500 cfm
500 cfm- 1500 cfm
> 1500 cfm
Liquid Ring Vacuum Pumps, End-use Outlook (Revenue - USD Billion, 2018 - 2030)
Petrochemical & Chemical
Pharmaceuticals
Food Manufacturing
Aircraft, Automobile
Water Treatment
Oil & Gas
Power Generation
EPS & Plastics
Pulp & Paper
Others
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