Liquid ring vacuum pumps are mechanical devices that are used to create a vacuum by a rotating impeller enclosed in a cylindrical casing. The impeller is partially submerged in a liquid, usually water, which forms a ring around the impeller. As the impeller rotates, the liquid is forced inwards, creating a vacuum in the center. Liquid ring vacuum pumps are used in a wide range of industries, including chemical processing, pharmaceutical manufacturing, food processing, paper production, and more. They are also used in the oil and gas industry to extract oil from wells. The demand for liquid ring vacuum pumps is increasing due to their ability to handle large volumes of air, their low cost, and their ability to operate without the need for external lubrication.
The liquid ring vacuum pumps market size was USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026, owing to the rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry is expected to drive the use of liquid ring vacuum pumps.
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.
Ingersoll Rand is among the leading manufacturers in the liquid ring vacuum pumps market. The company designs and produces a broad range of vacuum products under industrial technologies & services segment. In February 2020, the company acquired and merged with the industrial business of Ingersoll-Rand plc while converting its name to Ingersoll Rand Inc. from Gardner Denver Holdings, Inc. This development strengthened the position of Ingersoll Rand as a global leader in the liquid ring vacuum pumps market.
Another important player in the liquid ring vacuum pumps market is Atlas Copco. In February 2019, Atlas Copco launched LRP 700-1000 VSD+, a new range of liquid ring vacuum pumps. The pumps come with cutting-edge vacuum solutions with a wide range of features for wet and humid applications. This launch strengthens the position of Atlas in the liquid ring vacuum pumps market with new product development.
