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Liquid Ring Vacuum Pump Market is Forecasted to Rise at a CAGR of 5.6% by 2034

07-02-2024 09:28 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Liquid Ring Vacuum Pump Market

Liquid Ring Vacuum Pump Market

The global market for liquid ring vacuum pumps is projected to reach US$ 1.27 billion by 2024 and is expected to grow to US$ 2.2 billion by the end of 2034, reflecting a compound annual growth rate (CAGR) of 5.6% during the period from 2024 to 2034.

Liquid ring pumps are unique positive-displacement pumps that serve both as vacuum pumps and gas compressors. Known for their non-pulsating operation, these pumps are specifically designed for gas extraction. Their eccentrically positioned impellers enable the formation and maintenance of a liquid ring around the pump's periphery. Compared to other vacuum pumps, liquid ring vacuum pumps require less maintenance and offer longer warranties, distinguishing them in the market.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9487

The growth of the liquid ring vacuum pump market is primarily fueled by increasing demand from process industries seeking reliable and efficient vacuum solutions. With stringent emissions and energy efficiency regulations, companies are turning to liquid ring vacuum pumps for their low maintenance and energy-efficient operations.

Moreover, the expanding applications of liquid ring vacuum pumps in power generation and wastewater treatment sectors are driving market expansion. Manufacturers are innovating pump designs and materials to meet evolving customer needs across various industries.

Country-Specific Insights

China's robust growth in power generation is expected to drive significant demand for liquid ring vacuum pumps in the foreseeable future. In the United States, a pivotal segment of the industrial equipment industry, market growth is propelled by technological advancements, industrial demand, and regulatory compliance.

China is poised to dominate the global liquid ring vacuum pump market, fueled by increasing demand from key sectors such as oil and gas, chemicals, and water treatment. These pumps are also integral to the semiconductor production process, particularly in wafer dicing applications. Investments in semiconductor infrastructure, exemplified by Edwards' announcement in November 2022 of a new manufacturing plant in South Korea, are set to further bolster market growth in Asia, including Taiwan, China, and India, emerging as semiconductor manufacturing hubs.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Atlas Copco
Ingersoll Rand
Dekker Vacuum Technologies, Inc.
Tsurumi Manufacturing Co., Ltd.
Graham Corporation
Busch Vacuum Solutions
Flowserve Corporation
Gardner Denver Nash LLC
Tuthill Vacuum & Blower Systems

Competitive Landscape

The industry is projected to stay competitive due to ongoing innovation and technical developments. The growing demand from various industries such as oil and gas, chemical, and power generation, combined with environmental laws, is expected to increase the size of the liquid ring vacuum pump market. To preserve customer loyalty, we provide customized solutions geared to unique industry needs, as well as strong after-sales support.

Becker Pumps Corp. introduced two new vacuum pump series in May 2019, with a focus on the main packaging sector.
Atlas Copco Airpower N.V. bought Dekker Vacuum Technologies Inc., a vacuum equipment manufacturer, in February 2020.

Read More: https://www.factmr.com/report/liquid-ring-vacuum-pump-market

Segmentation of Liquid Ring Vacuum Pump Market Research

By Material:
Cast Iron
Stainless Steel
By Capacity:
< 500 cfm
500 to 1,500 cfm
>1,500 cfm
By End Use:
Chemical Processing
Oil & Gas
Power
Paper & Pulp
General Process Industries
By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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