Increasing demand for liquid ring vacuum pumps for various applications in oil & gas and petroleum industry is driving the growth of this market. Liquid ring vacuum pumps are rotary displacement machines, which includes a liquid ring vacuum pump and a liquid ring compressor.
New York, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Liquid Ring Vacuum Pumps Market by Type, Material Type, Flow Rate, Application And Region - Global Forecast to 2026" - https://www.reportlinker.com/p06187154/?utm_source=GNW
These pumps offer various advantages such as simple structure, and liquid-sealing, and isothermal compression process, and ease of handling.
Owing to these advantages, liquid ring vacuum pumps are widely applied in petroleum, chemical, power, metallurgy, pharmaceutical, and light industries.
Two-stage segment is expected to dominate the liquid ring vacuum pumps market during 2021-2026
By type, two-stage segment is projected to lead the market. This segment is growing owing to the rise in investments being made to carry out industrialization in the Asia Pacific region, along with the increased demand for two-stage liquid ring vacuum pumps across industries.
Stainless steel segment is expected to dominate the liquid ring vacuum pumps market, by material type, during the forecast period
Based on material type, stainless steel segment is estimated to account for the largest share of the overall liquid ring vacuum pumps market, in terms of value, in 2020. Characteristics such as high cavitation resistance that enhances the life expectancy of liquid ring vacuum pump is expected to enhance the demand for stainless steel liquid ring vacuum pumps during the forecast period.
600-3000 m3/h segment is expected to dominate the liquid ring vacuum pumps market during 2021-2026
By flow rate, the 600-3000 m3/h segment accounted for the largest share of the market, in terms of value, in 2020.The liquid ring vacuum pumps with a flow rate of 600-3000 m3/h and 3,000-10,000 m3/h are considered medium capacity liquid ring vacuum pumps.
Steadily growing demand for industrial vacuum applications, mainly from the chemical, pulp & paper, and power generation industries, is aiding in the growth of this segment.
Asia Pacific is expected to dominate the liquid ring vacuum pumps market during 2021-2026
Asia Pacific dominated the global liquid ring vacuum pumps market in 2020.Industrial activities are growing in this region owing to low manufacturing costs and support of local governments.
Also, increasing investments in research and development activities are driving the liquid ring vacuum pumps market in Asia Pacific.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
• By Designation: C Level – 25%, Director Level – 30%, and Others– 45%
• By Region: Asia Pacific – 40%, North America – 30%, Europe – 20%, Middle East & Africa – 7%, South America – 3%
The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.
The report defines, segments, and projects the liquid ring vacuum pumps market based on type, material type, flow rate, application, and region.It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges.
It analyzes competitive developments, such as product launches, agreements, acquisitions, mergers & acquisitions, and expansions, undertaken by the players in the market.
Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the liquid ring vacuum pumps market and its segments.This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies.
It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p06187154/?utm_source=GNW
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