The liquid ring vacuum pumps global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Ring Vacuum Pumps Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to growth in process industries such as chemical, pharmaceutical, and food & beverage, demand for vacuum pumps in power generation and petrochemical plants, need for efficient vapor and gas handling in industrial processes, expansion of environmental and water treatment applications, increased use of vacuum pumps in hvac systems and air conditioning.
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%. The growth in the forecast period can be attributed to transition towards energy-efficient and low-maintenance vacuum pumps, integration of iot and condition monitoring for predictive maintenance, focus on waste minimization and resource recovery in industries, demand for specialized pumps for hazardous and corrosive environments, expansion of vacuum technology in semiconductor and electronics manufacturing. Major trends in the forecast period include integration of smart sensors for condition monitoring, efforts towards noise reduction and quieter operation, focus on oil-free and contaminant-free vacuum systems, advanced pumping systems for semiconductor and electronics, development of atex-certified and intrinsically safe pumps.
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Scope Of Liquid Ring Vacuum Pumps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Ring Vacuum Pumps Market Overview
Market Drivers –
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.
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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Regional Insights –
Asia-Pacific was the largest region in the liquid ring vacuum pumps market in 2023. Asia-Pacific is expected to have the highest CAGR in the liquid ring vacuum pumps market share. The regions covered in the liquid ring vacuum pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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.
Table of Contents
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. Global Liquid Ring Vacuum Pumps Market Size and Growth
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31. Global Liquid Ring Vacuum Pumps Market Competitive Benchmarking
32. Global Liquid Ring Vacuum Pumps Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Liquid Ring Vacuum Pumps Market
34. Liquid Ring Vacuum Pumps Market Future Outlook and Potential Analysis
35. Appendix
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