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Liquid Ring Vacuum Pumps Market Segments, Analysis, Overview, and Outlook Report 2024-2033 | Trends and Insights
Liquid Ring Vacuum Pumps Market Segments
As per the report, the liquid ring vacuum pumps market size has grown strongly in recent years. It will grow from $2.19 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The liquid ring vacuum pumps market size is expected to see strong growth in the next few years. It will grow to $3.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
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Surging Investment In Oil And Gas Industry Ignites Liquid Ring Vacuum Pump Market Growth
Rising investment in the oil and gas sectors is expected to propel the growth of liquid ring vacuum pumps. Investments in the oil and gas sector have increased, especially in the downstream sector, which drives the demand for liquid ring vacuum pumps. 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. These investments will lead to an increasing number of liquid ring vacuum markets. Therefore, the rising investments in the oil and gas sector are driving the growth of the liquid ring vacuum pumps market.
Innovative Products Pave The Way For Growth In The Liquid Ring Vacuum Pump Market
Product innovations are the key trend gaining popularity in the liquid ring vacuum pumps market. 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 May 2022, Atlas Copco, a Sweden-based industrial manufacturer announced the launch of the GHS 1402-2002 VSD+ series. The new product line provides enhanced performance, improved oil separation, a more compact design, and innovative controller technology. The GHS 1402-2002 VSD+ series is well-suited for demanding vacuum applications, making it an excellent choice for various uses such as thermoforming, food packaging, altitude simulation, woodworking lamination, clay extrusion, vacuum cooling, material handling applications like electronics pick and place, and industries like paper, canning, and woodworking.
The liquid ring vacuum pumps market covered in this report 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
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Major companies operating in the liquid ring vacuum pumps market include Atlas Copco Airpower N.V, Busch Vacuum Technics Inc., Dekker Vacuum Technologies Inc., Flowserve Corporation, Grаhаm Соrроrаtіоn, Gаrdnеr Dеnvеr, PPI Pumps Pvt. Ltd., Samson Pumps A / S, Schaft GmbH, Tsurumi Manufacturing Co. Ltd, Vooner FloGard Corporation, Zibo Zhaohan Vacuum Pump Co. Ltd, Gаѕt (ІDЕХ), Sаmѕоn Соrроrаtіоn., ULVAC Inc., Agilent Technologies Inc., Tuthill Vacuum & Blower Systems, Sterling SIHI GmbH, Pfeiffer Vacuum GmbH, Ebara Corporation, Edwards Limited, Kashiyama Industries Ltd., Kinney Vacuum Company Inc., Becker Pump Corporation, Elmo Rietschle, Pompetravaini S.p.A., Speck Pumpen Walter Speck GmbH & Co. KG, Robuschi S.p.A., Gardner Denver Holdings Inc., Sihi Group B.V.
Contents of the report:
1. Executive Summary
2. Liquid Ring Vacuum Pumps Market Report Structure
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
…..
27. Liquid Ring Vacuum Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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