Liquid Ring Compressors Market: Growth Trends and Opportunities in Key Regions

Posted by Jack Martin on June 11th, 2024

The report "Global Liquid Ring Compressors Market by Type (Single-stage, Two-stage), Material Type (Stainless Steel, Cast Iron), Flow Rate (25 – 600 M3H; 600 – 3,000 M3H; 3,000 – 10,000 M3H; Over 10,000 M3H), Application, and Region - Global Forecast to 2026", size was USD 874 million in 2020 and is projected to reach USD 1,229 million by 2026; it is expected to grow at a CAGR of 5.8% from 2021 to 2026, owing to the increasing global energy consumption and steadily rising gas transportation sector.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264817142 

By type, two-stage is the fastest-growing segment during the forecast period of 2021 to 2026.

The significant growth in the pharmaceutical industry will lead to an increase in the demand for liquid ring compressors. By type, the two-stage pumps are more efficient at much higher vacuum levels. Also, they are better suited for handling solvents at much higher levels of vacuum.

By flow rate, 3000-10,000 m3/h segment is projected to grow at the highest CAGR during the forecast period

The liquid ring compressors with a flow rate of 3,000-10,000 m3/h are considered medium capacity liquid ring compressors. Medium capacity liquid ring compressors are used in diverse applications across industries such as oil & gas and petrochemical & chemical. High demand from pulp & paper, oil & gas, power generation, and chemical industries is expected to fuel the growth of this segment.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=264817142 

North America is expected to be the second-largest market in 2020, in terms of value

North America is expected to be the second-largest market for liquid ring compressors during the forecast period. There is an increasing demand for liquid ring compressors from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring compressors in the region.

The key players in the liquid ring compressors market include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), DEKKER Vacuum Technologies, Inc. (US), Graham Corporation (US), Cutes Corp. (Taiwan), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

Request Customization: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264817142 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.