The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The liquid ring vacuum pumps market has witnessed robust growth in recent years, with a promising outlook for the future. In 2023, the market size stood at $2.19 billion, and a compound annual growth rate (CAGR) of 9.5% is expected to drive it to $2.4 billion in 2024. Looking further ahead, the market is projected to reach $3.36 billion in 2028, showcasing a continued CAGR of 8.8%. This growth is attributed to various factors, including industry expansion and technological advancements.

Key Drivers of Growth

• Process Industries’ Boom: The historic growth is linked to the expansion of process industries such as chemical, pharmaceutical, and food & beverage.
• Diverse Applications: Increased demand for vacuum pumps in power generation, petrochemical plants, HVAC systems, and air conditioning.
• Environmental Focus: Expansion of environmental and water treatment applications contributes to market expansion.

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Forecasted Trends and Influencers
The forecasted period brings its own set of dynamics, with trends shaping the liquid ring vacuum pumps market.

Emerging Trends

• IoT Integration: Transition towards energy-efficient pumps with IoT and condition monitoring for predictive maintenance.
• Specialized Solutions: Growing demand for pumps tailored for hazardous and corrosive environments.
• Semiconductor Boom: Expansion of vacuum technology in semiconductor and electronics manufacturing.
• Smart Sensors: Integration of smart sensors for enhanced condition monitoring.

Fueling Growth: Oil and Gas Industry Investments
One major catalyst driving the liquid ring vacuum pumps market is the escalating investments in the oil and gas sector. The downstream sector, in particular, has witnessed a surge in investments, leading to an increased demand for vacuum pumps. These pumps play a crucial role in various processes within the oil and gas industry, such as filling, filtration, cooling, crystallizing, distillation, and solvent recovery. The global investment trend, averaging $55 billion per year, is contributing to the growth of liquid ring vacuum markets.

Key Players

• Atlas Copco Airpower N.V
• Busch Vacuum Technics Inc.
• Dekker Vacuum Technologies Inc.
• Flowserve Corporation
• Gardner Denver
• ULVAC Inc.
• Agilent Technologies Inc.
• And many more…

Innovations Driving Market Expansion
Innovation stands as a central theme in the liquid ring vacuum pumps market, with key players investing in cutting-edge products to meet evolving industry demands.

Notable Innovation

• Atlas Copco’s GHS 1402-2002 VSD+ Series: Launched in May 2022, this series boasts enhanced performance, improved oil separation, a compact design, and innovative controller technology.

Atlas Copco’s Strategic Move
In January 2022, Atlas Copco made a strategic move by acquiring HHV Pumps Pvt. Ltd, strengthening its presence in the Asia-Pacific region. The acquisition provides Atlas Copco with an extended reach into the rapidly growing Indian economy, enhancing local manufacturing capabilities.

Market Segmentation
Understanding the diverse landscape of the liquid ring vacuum pumps market is crucial for stakeholders.

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

Regional Dominance: Asia-Pacific Takes the Lead
In 2023, Asia-Pacific emerged as the largest region in the liquid ring vacuum pumps market. The region is expected to maintain its dominance, exhibiting the highest CAGR in market share. This is indicative of the region’s role as a significant contributor to the growth and development of the liquid ring vacuum pumps market.

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The Liquid Ring Vacuum Pumps Global Market Report 2024  provides an overview of the liquid ring vacuum pumps market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The liquid ring vacuum pumps market forecast analyzes liquid ring vacuum pumps market size, liquid ring vacuum pumps market share, leading competitor and their market positions.

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