Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

A liquid ring pump is a rotating positive-displacement pump where they are used as a vacuum pump and gas compressor. It is a unique class of pumps that is non-pulsating and primarily designed to remove gases. Impellers are located eccentrically and aids in creating a ring of liquid and to maintain it at the periphery of the pump. Unlike other vacuum pumps, liquid ring vacuum pumps require lower maintenance and come with longer warranties. These pumps are available in a wide range of suction capacity and find applications in various industries such as chemical processing, oil & gas, paper & pulp, power, and other processing industries.

The global Liquid Ring Vacuum Pumps Market was accounted for US$ 2137.9 Mn in terms of value and 197,591 Units in terms of volume in 2019 and is expected to grow at CAGR of 5.2% for the period 2020-2027.

Market Dynamics- Drivers

  1. Rising investments oil and gas sector is expected to drive growth of the global liquid ring vacuum pumps market during the forecast period

In the recent past, upstream oil and gas sector has faced major challenges though downstream sector has witnessed major growth. According to Coherent Markets Insights’ analysis, the global refinery capacity is expected to increase with a CAGR of around 1.7% over 2016–2020, compared to the previous average growth rate of around 1.2% over the past 10 years. In this, refineries in MEA and APEJ are expected to hold a major share in the market. Furthermore, establishing and expansion of refinery projects in Taiwan, Egypt, Uganda, and Malaysia, and India is expected to boost the demand for liquid ring vacuum pumps in these countries. Hence, these factors are expected to drive growth of the market during the forecast period.

  1. Increasing regulatory regulations from EPA regarding flare gas are expected to boost the global liquid ring vacuum pumps market growth over the forecast period

Liquid ring vacuum compressors play a crucial role in meeting strict regulatory environment norms regarding flaring of natural gas. These compressors are majorly used in recovery of fuel gas and condensing valuable hydrocarbons, enabling the organizations to add more revenues. The U.S. Environmental Protection Agency (EPA) is increasingly becoming strict with regulations regarding flaring of natural gas and implementation of such regulations is expected to be more stringent in the near future. Furthermore, prominent global manufacturers are offering complete systems for flare gas management, which also cools and cleans the gas as it is condensed; thus, eliminating the need for downstream condensers and scrubbers. Thus, these factors are expected to propel the global liquid ring vacuum pumps market growth in the near future.

Statistics:

Asia Pacific held dominant position in the global Liquid Ring Vacuum Pumps market in 2019, accounting for 36.3% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Liquid Ring Vacuum Pumps Market Share (%) in terms of Value, By Region, 2019

Liquid Ring Vacuum Pumps  | Coherent Market Insights

Market Dynamics- Restraints

  1. High initial cost of liquid ring vacuum pumps with shift towards hybrid technologies is expected to restrain growth of the global liquid ring vacuum pumps market during the forecast period

Initial installment cost of liquid ring vacuum pump is significantly high depending upon capacity, power, type of material, and safety features required in the industry. The cost of a liquid ring vacuum pump or compressor can vary between US$ 1,000–US$ 50,000, with high-cost pumps and compressors used specifically in limited applications requiring significant vacuums. As a result of this, majority of companies are moving towards deploying combination of instruments as compared to single high power high capacity liquid ring vacuum pumps. This, in turn, is expected to hamper the global liquid ring vacuum pumps market growth in the near future.

  1. Rising issues regarding water conservation are expected to hinder the global liquid ring vacuum pumps market growth over the forecast period

Globally, various water conservation agencies have identified irresponsible usage and handling of water, deployed in liquid ring vacuum pumps. This includes chemicals, petroleum refineries, pharmaceuticals, and other manufacturing facilities, where a large number of liquid ring vacuum pumps and compressors utilize the significant volume of portable water. Increasing pressure from water agencies such as Contra Costa Water District, Upper San Gabriel Valley Municipal Water District, Metropolitan Water District of Southern California, East Bay Municipal Utilities District, and San Antonio Water Service through their publications indicate a large number applications, where liquid ring vacuum pumps can be replaced with alternative technologies. These factors are expected to hinder the market growth in the near future.

Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 2137.9 Million
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.2% 2027 Value Projection: USD 3192.2 Million
Geographies covered:
  • North America: U.S.,Canada.
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Material Type: Cast Iron, Stainless Steel and Others
  • By Capacity (cfm): < 500 cfm, 500 cfm-1500 cfm and > 1500 cfm
  • By End-use Industry: Chemical Processing, Oil & Gas, Power, Paper & Pulp and General Process Industries
Companies covered (22):

Graham Corp., Dekker Vacuum Technologies Inc., Tuthill Vacuum & Blower Systems, Busch Vacuum Technics Inc., Gardner Denver Nash LLC, Flowserve Corporation, Atlas Copco Airpower N.V., Edwards Vacuum, and Tsurumi Manufacturing Co., Ltd.

Growth Drivers:
  • Rising investments oil and gas sector
  • Increasing regulatory regulations from EPA regarding flare gas 
Restraints & Challenges:
  • High initial cost of liquid ring vacuum pumps with shift towards hybrid technologies

Market Opportunities

  1. Advent of high-efficiency pumps and low water usage liquid ring vacuum pumps can present major business technologies

Increasing awareness regarding water conservation has compelled market players to introduce new products with higher efficiency. For instance, in 2014, Gardner Denver Nash introduced the NASH 2BE5 series of liquid ring vacuum pumps, with a 10% higher efficiency and a 25% reduction in water consumption in the once-through mode. In 2015, Dekker Vacuum Technologies introduced the TiTan single and double stage liquid ring vacuum pumps, with a higher efficiency and which reduces the amount of sealing liquid by over 50%.

  1. Rising number of small manufacturers of liquid vacuum pumps in India and China can offer major growth opportunities

The number of small and medium-sized manufacturers if liquid ring vacuum pumps are increasing rapidly in emerging economies such as India and China. However, these companies are prominently targeting industries, which require small capacity pumps and where safety is not a major issue such as sugar, pharmaceuticals, and paper & pulp. Furthermore, a number of pumps are focused on chemical processing units in applications, where low capacities are required. These pumps are priced significantly lower than their counterparts from global manufacturers.

Figure 2: Global Liquid Ring Vaccum Pumps Market Value (US$ Mn), 2016 - 2027

Liquid Ring Vacuum Pumps  | Coherent Market Insights

The global Liquid Ring Vaccum Pumps market was valued at US$ 2137.9 Mn in 2019 and is forecast to reach a value of US$ 31,92.2 Mn by 2027 at a CAGR of 5.2% between 2020 and 2027.

Market Trends

  1. Rising merger and acquisition activities among key market players

Major market players are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in 2014, Gardner Denver acquired Garo Dott. Ing. Roberto Gabbioneta Spa, a manufacturer of liquid ring compressors and packaged systems for various industries such as flare gas recovery in refineries and vapour recovery units. In 2015, Atlas Copco acquired the vacuum business of OC Oerlikon Corporation AG. Moreover, in September 2016, Atlas Copco acquired the Leybold vacuum business.

  1. Constantly shifting demand towards Asian countries

Increasing concerns with regard to environment, particularly in Europe and North America, have led to a large number of industries shifting their specific product manufacturing bases to countries such as China and India, owing to favorable business environment and comparatively relaxed environmental norms. Increasing concerns with regard to environment, particularly in Europe and North America, have led to a large number of industries shifting their specific product manufacturing bases to countries such as China and India, owing to favorable business environment and comparatively relaxed environmental norms.

Competitive Section

Major companies involved in the global liquid ring vacuum pumps market are Graham Corp., Dekker Vacuum Technologies Inc., Tuthill Vacuum & Blower Systems, Busch Vacuum Technics Inc., Gardner Denver Nash LLC, Flowserve Corporation, Atlas Copco Airpower N.V., Edwards Vacuum, and Tsurumi Manufacturing Co., Ltd.

Key Developments

  1. Key players in the market are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in February 2020, Atlas Copco Airpower N.V. acquired Dekker Vacuum Technologies Inc., a U.S.-based provider of vacuum equipment.
  2. Key companies in the market are focused on product launches, in order expand product portfolio. For instance, February 2020, Edwards Vacuum, a subsidiary of Edwards, launched a new range of new liquid ring pumps.

A liquid ring pump is a rotating positive-displacement pump where they are used as a vacuum pump and gas compressor. It is a unique class of pumps that is non-pulsating and primarily designed to remove gases. Impellers are located eccentrically and aids in creating a ring of liquid and to maintain it at the periphery of the pump. Unlike other vacuum pumps, liquid ring vacuum pumps require lower maintenance and come with longer warranties. These pumps are available in a wide range of suction capacity and find applications in various industries such as chemical processing, oil & gas, paper & pulp, power, and other processing industries.

Market Dynamics

In the recent past, upstream oil and gas sector has faced major challenges though downstream sector has witnessed major growth. According to Coherent Markets Insights’ analysis, the global refinery capacity is expected to increase with a CAGR of around 1.7% over 2016–2020, compared to the previous average growth rate of around 1.2% over the past 10 years. In this, refineries in MEA and APEJ are expected to hold a major share in the market. Furthermore, establishing and expansion of refinery projects in Taiwan, Egypt, Uganda, and Malaysia, and India is expected to boost the demand for liquid ring vacuum pumps in these countries. Hence, these factors are expected to drive growth of the market during the forecast period. Liquid ring vacuum compressors play a crucial role in meeting strict regulatory environment norms regarding flaring of natural gas. These compressors are majorly used in recovery of fuel gas and condensing valuable hydrocarbons, enabling the organizations to add more revenues. The U.S. Environmental Protection Agency (EPA) is increasingly becoming strict with regulations regarding flaring of natural gas and implementation of such regulations is expected to be more stringent in the near future. Furthermore, prominent global manufacturers are offering complete systems for flare gas management, which also cools and cleans the gas as it is condensed; thus, eliminating the need for downstream condensers and scrubbers. Thus, these factors are expected to propel the global liquid ring vacuum pumps market growth in the near future.

Market Taxonomy

This report segments the Global Liquid Ring Vaccum Pumps Market on the basis of Material Type, Capacity (cfm), End-use Industry and Region. On the basis of Material Type, Global Liquid Ring Vaccum Pumps Market is segmented into Cast Iron, Stainless Steel and Others. On the basis of Capacity (cfm), the Global Liquid Ring Vaccum Pumps Market is segmented into (< 500 cfm, 500 cfm-1500 cfm and > 1500 cfm. On the basis of End-use Industry, the Global Liquid Ring Vaccum Pumps Market is segmented into Chemical Processing, Oil & Gas, Power, Paper & Pulp and General Process Industries. On the basis of region, Global Liquid Ring Vaccum Pumps Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Liquid Ring Vaccum Pumps Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Liquid Ring Vaccum Pumps Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Liquid Ring Vaccum Pumps Market includes Graham Corp., Dekker Vacuum Technologies Inc., Tuthill Vacuum & Blower Systems, Busch Vacuum Technics Inc., Gardner Denver Nash LLC, Flowserve Corporation, Atlas Copco Airpower N.V., Edwards Vacuum, and Tsurumi Manufacturing Co., Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, End-use Industry up gradation, market expansion, and marketing tactics
  • The global Liquid Ring Vaccum Pumps market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Liquid Ring Vaccum Pumps Market

Detailed Segmentation:

  • Global Liquid Ring Vaccum Pumps Market, By Material Type:
    • Cast Iron
    • Stainless Steel
    • Others
  • Global Liquid Ring Vaccum Pumps Market, By Capacity (cfm):
    • < 500 cfm
    • 500 cfm-1500 cfm
    • > 1500 cfm
  • Global Liquid Ring Vaccum Pumps Market, By End-use Industry:
    • Chemical Processing
    • Oil & Gas
    • Power
    • Paper & Pulp
    • General Process Industries
  • Global Liquid Ring Vaccum Pumps Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • Atlas Copco Airpower N.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Busch Vacuum Technics Inc.
    • Dekker Vacuum Technologies Inc.
    • Edwards Vacuum
    • Flowserve Corporation
    • Gardner Denver Nash LLC
    • Graham Corp.
    • Tsurumi Manufacturing Co., Ltd.
    • Tuthill Vacuum & Blower Systems

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Material Type
      • Market Snippet, By Capacity (cfm)
      • Market Snippet, BY End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Capacity (cfm) Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Liquid Rings Vacuum Pumps Market, BY Material Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Material Type Trends
    • Cast Iron
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Stainless Steel
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Liquid Rings Vacuum Pumps Market, By Capacity (cfm), 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Material Type Trends
    • < 500 cfm
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • 500 cfm-1500 cfm
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • > 1500 cfm
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Liquid Rings Vacuum Pumps Market, By End-use Industry, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Material Type Trends
    • Chemical Processing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Paper & Pulp
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • General Process Industries
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Liquid Rings Vacuum Pumps Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Material Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By Capacity (cfm), 2020–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Material Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By Capacity (cfm), 2020–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Material Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By Capacity (cfm), 2020–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Material Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By Capacity (cfm), 2020–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Material Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By Capacity (cfm), 2020–2027 (US$ Million)
      • Market Size and Forecast, End-use Industry, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Atlas Copco Airpower N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Busch Vacuum Technics Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dekker Vacuum Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Edwards Vacuum
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Flowserve Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gardner Denver Nash LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Graham Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tsurumi Manufacturing Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tuthill Vacuum & Blower Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Frequently Asked Questions

The global market for Liquid Ring Vaccum Pumps is expected to reach USD 2,137.9 Million by 2022.
Rising investments oil and gas sector is expected to drive growth of the global liquid ring vacuum pumps market during the forecast period.
Multiple sub-segment holds the largest market share among Stage segment contributing 23.9% market share in terms of value in 2019.
Asia Pacific region hold the largest share in the global Liquid Ring Vaccum Pumps market in 2019, accounting for 36.3% share in terms of value.
Key players operating in the global Liquid Ring Vaccum Pumps market are Graham Corp., Dekker Vacuum Technologies Inc., Tuthill Vacuum & Blower Systems, Busch Vacuum Technics Inc., Gardner Denver Nash LLC, Flowserve Corporation, Atlas Copco Airpower N.V., Edwards Vacuum, and Tsurumi Manufacturing Co., Ltd.
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