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Liquid Ring Vacuum Pumps Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2032
Liquid Ring Vacuum Pumps Market Analysis
The Business Research Company's Liquid Ring Vacuum Pumps Global Market Report 2023 identifies rising investment in the oil and gas sectors as the major driver for the liquid ring vacuum pumps market's growth in the forecast period. The vacuum pumps in the oil and gas sector are used for processes that include filling, filtration, cooling, crystallizing, distillation, deaeration of caustic solutions, solvent recovery, and many more. Global investment in new downstream oil refining and integrated chemicals capacity will average $55 billion per year to 2025, leading to global crude distillation unit (CDU) capacity increasing by 1.7% annually.
The global liquid ring vacuum pumps market size grew from $2.01 billion in 2022 to $2.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global liquid ring vacuum pumps is expected to grow to $3.03 billion in 2027 at a CAGR of 8.6%.
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Major competitors in the liquid ring vacuum pumps market are Atlas Copco Airpower N.V, Busch Vacuum Technics Inc., Cutes Corp., Dekker Vacuum Technologies Inc., Flowserve Corporation.
A key trend in the liquid ring vacuum pumps market includes product innovations. The key players operating in the liquid ring vacuum pumps market are developing innovative products to cope with humid and dusty environments and offer sustainable productivity. For instance, in 2020, Dekker Vacuum Technologies, a USA-based company that offers liquid ring, rotary van, and large capacity liquid ring pumps and compressors, as well as water and solvent-sealed liquid ring vacuum pump systems, introduced the first model of a new series of liquid ring vacuum pumps called The Vmax Plus. It is a 10 HP oil-sealed liquid ring vacuum pump system designed for the toughest applications in industrial, building supplies (CNC machining), aerospace, plastics, packaging, medical, and other key industries.
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The liquid ring vacuum pumps market is segmented -
1) By Stage: Single, Multiple
2) By Material: Cast Iron, Stainless Steel, Other Materials
3) By Capacity: < 500 cfm, 500 cfm- 1500 cfm, > 1500 cfm
4) By End Use: Chemical Processing, Oil And Gas, Power, Paper And Pulp, General Process Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the liquid ring vacuum pumps market.
The Business Research Company's "Global Liquid Ring Vacuum Pumps Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquid Ring Vacuum Pumps Market Include:
1. Executive Summary
2. Liquid Ring Vacuum Pumps Market Characteristics
3. Liquid Ring Vacuum Pumps Market Trends And Strategies
4. Liquid Ring Vacuum Pumps Market - Macro Economic Scenario
5. Liquid Ring Vacuum Pumps Market Size And Growth
……..
26. Africa Liquid Ring Vacuum Pumps Market
27. Liquid Ring Vacuum Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquid Ring Vacuum Pumps Market
29. Liquid Ring Vacuum Pumps Market Future Outlook and Potential Analysis
30. Appendix
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