Press release
Liquid Ring Vacuum Pumps Market is Growing at a CAGR of 5.2% from 2022 to 2026
Liquid Ring Vacuum Pumps Market Forecast to 2026
According to a report by Persistence Market Research (PMR), the market for liquid ring vacuum pumps will likely increase moderately between 2021 and 2026. By the end of 2026, it is anticipated that the global market for Liquid Ring Vacuum Pumps will generate close to US$ 1.28 billion in revenue. Growing at a 5.2% CAGR from 2021 to 2026.
Liquid ring vacuum pumps are a type of mechanical vacuum pump that uses a rotating impeller to create a liquid ring, which is used to remove gases and vapors from a sealed system. These pumps are commonly used in a variety of industries, including chemical, pharmaceutical, and power generation, for applications such as vacuum drying, distillation, and vacuum filtration.
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Key Players-
• 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
• Graham Corp and more
The liquid ring vacuum pumps market is expected to experience significant growth in the coming years, driven by the increasing demand for these pumps in various industries. The growing demand for energy-efficient vacuum pumps, as well as the increasing adoption of advanced technologies, such as variable frequency drive (VFD) control, are also expected to drive market growth.
One of the key trends in the liquid ring vacuum pumps market is the increasing adoption of multi-stage pumps, which are capable of achieving higher vacuum levels and higher flow rates than single-stage pumps. These pumps are ideal for applications that require high vacuum levels, such as vacuum drying and vacuum filtration.
Another key trend in the market is the growing demand for custom-designed pumps, which can be tailored to meet the specific needs of different applications and industries. These pumps are increasingly being used in applications that require precise control of vacuum levels, such as in the pharmaceutical industry.
The liquid ring vacuum pumps market is highly competitive, with a large number of players offering a wide range of products and services. Some of the key players in this market include Gardner Denver, Nash, and Tsurumi Manufacturing.
In conclusion, the liquid ring vacuum pumps market is expected to experience significant growth in the coming years, driven by the increasing demand for these pumps in various industries and the growing demand for energy-efficient and advanced technologies. The increasing adoption of multi-stage pumps and custom-designed pumps are also expected to drive market growth.
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Liquid Ring Vacuum Pump Market Segmentation-
Liquid Ring Vacuum Pump Market by Capacity
• < 500 cfm
• 500 cfm - 1500 cfm
1500 cfm
Liquid Ring Vacuum Pump Market by Material Type
• Cast Iron
• Stainless Steel
• Others
Liquid Ring Vacuum Pump Market by End Use
• Chemical Processing
• Oil & Gas
• Power
• Paper & Pulp
• General Process Industries
Liquid Ring Vacuum Pump Market by Region
• North America
• Latin America
• Europe
• Asia Pacific
• MEA
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Asia Pacific to Hold Prominent Market Shares
Asia Pacific is expected to hold prominent market share in terms of value. However, the market in Middle East & Africa is expected to project lucrative growth in the global liquid ring vacuum pump market over the forecast period of 2019-2029. Presence of key market players in the region and merger, acquisition, and collaboration activities are major factors boosting the growth of the liquid ring vacuum pump market in Asia Pacific.
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