Liquid Ring Vacuum Pump Market Overview
As per MRFR analysis, the Liquid Ring Vacuum Pump Market Size was estimated at 2.83 (USD Billion) in 2022. The Liquid Ring Vacuum Pump Market Industry is expected to grow from 3.06(USD Billion) in 2023 to 6.18 (USD Billion) by 2032. The Liquid Ring Vacuum Pump Market CAGR (growth rate) is expected to be around 8.12% during the forecast period (2024 - 2032).
Key Liquid Ring Vacuum Pump Market Trends Highlighted
Key Market Drivers:
The growing demand for vacuum pumps in wastewater treatment plants, chemical and pharmaceutical industries, and the food and beverage sector is a major driver of the liquid ring vacuum pump market. The increasing emphasis on environmental sustainability has spurred demand for pumps that can extract harmful gases and vapors from wastewater treatment systems. Moreover, the rapid expansion of the pharmaceutical and chemical industries, which require vacuum pumps for manufacturing processes, has further boosted market growth.
Opportunities to Be Explored:
Rising demand for energy-efficient and compact pumps presents significant opportunities for market growth. Liquid ring vacuum pumps offer high efficiency with low energy consumption, making them an attractive choice for industries seeking sustainable solutions. Additionally, the development of pumps with enhanced corrosion resistance and durability opens up new applications in harsh environments, such as the mining and construction sectors.
Trends in Recent Times:
In recent years, the liquid ring vacuum pump market has witnessed a trend towards advanced technologies and digitalization. The integration of sensors and monitoring systems allows for real-time condition monitoring and predictive maintenance, reducing downtime and optimizing pump performance. Furthermore, the growing popularity of modular designs enables customization to meet specific industry requirements and enhances portability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Liquid Ring Vacuum Pump Market Drivers
Growing Adoption of Liquid Ring Vacuum Pumps in Food and Beverage Industry
The application of vacuum pumps is ubiquitous in the food and beverage industry. Be it while packaging, drying, or degassing, the industry makes conscious use of liquid ring vacuum pumps. The liquid ring variety is most commonly employed in food and beverage applications since the nature of work demands the removal of wet and/or corrosive gases. Packaging applications involve the removal of moisture and dirt from the packaging material. For the food products to remain hygienic, the material has to be rid of all forms of moisture and dirt.It is, thus, a necessity that both the material used as the packaging and the product that goes in be cleaned and dried. The liquid ring vacuum pump, in this regard, comes as a useful piece of machinery, serving the intended purposes with elan. Moreover, drying applications are also on the rise as people’s preference for consumption and packaged and processed food is rising. The stringent rules implemented by the governments in various states to see the food products adhere to all safety requirements are the prime reasons for the growth of the industry as a part of the liquid ring vacuum pump market industry.
Technological Advancements and Innovation
Global Liquid Ring Vacuum Pump Market Industry. There are notable changes in the industry taking place due to technological advancements in the pumps. The need for greater efficiency, versatility and durability have been apparent and manufacturers are rolling out pumps in different materials and designs. For instance, magnetic drive pumps come without mechanical shaft seals, bringing about a wide range of benefits, such as negligible maintenance and no breakdowns.Similarly, the introduction of variable frequency drives has also presented desirable advantages, with users having the capability to change operating speeds for the optimal matching of process requirements. These technological improvements have made the pumps more acceptable and increased the value of the products to the users.
Increasing Focus on Environmental Sustainability
The growing emphasis on environmental sustainability is driving the demand for eco-friendly vacuum pumps. Liquid ring vacuum pumps offer several advantages in this regard. They operate without the use of oil-based lubricants, eliminating the risk of oil contamination and environmental pollution. Additionally, these pumps can handle corrosive and hazardous gases without compromising performance, making them suitable for applications in the chemical and petrochemical industries.The increasing adoption of liquid ring vacuum pumps in environmentally conscious industries is contributing to the growth of the Global Liquid Ring Vacuum Pump Market Industry.
Liquid Ring Vacuum Pump Market Segment Insights
Liquid Ring Vacuum Pump Market Type Insights
The Global Liquid Ring Vacuum Pump Market is segmented by type into Single Stage Liquid Ring Vacuum Pumps and Two Stage Liquid Ring Vacuum Pumps. Single-Stage Liquid Ring Vacuum Pumps Single-stage liquid ring vacuum pumps are the most common type of liquid ring vacuum pump. They are simple in design and operation, and they offer a good balance of performance and cost. Single-stage liquid ring vacuum pumps are typically used in applications where the required vacuum level is not too high, such as in packaging, printing, and food processing. The global market for single-stage liquid ring vacuum pumps is expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2032, at a CAGR of 5.2%.Two-Stage Liquid Ring Vacuum Pumps Two-stage liquid ring vacuum pumps are used in applications where a higher vacuum level is required, such as in the chemical, pharmaceutical, and semiconductor industries. Two-stage liquid ring vacuum pumps can achieve a vacuum level of up to 0.1 mbar, which is much lower than the vacuum level that can be achieved by single-stage liquid ring vacuum pumps. The global market for two-stage liquid ring vacuum pumps is expected to grow from USD 1.0 billion in 2023 to USD 1.7 billion by 2032 at a CAGR of 6.5%. The growth of the liquid ring vacuum pump market is being driven by the increasing demand for vacuum pumps in various industries.The market is also being driven by the growing popularity of dry vacuum pumps, which are more efficient and environmentally friendly than traditional wet vacuum pumps.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Liquid Ring Vacuum Pump Market Discharge Capacity Insights
On the basis of discharge capacity, the global liquid ring vacuum pump market is segregated up to 200 mbar, 200 to 400 mbar, and over 400 mbar. The up to 200 mbar segment has dominated the market in terms of revenue, with a share of 42.4% in 2022. The application of these pumps is increasing in chemical, pharmaceutical, and food processing industries. It is used in vacuum drying, gas extraction, and filtration applications. The segment is expected to display promising growth throughout the forecast period. The 200 to 400 mbar segment is expected to display promising growth, with a CAGR of 8.9% from 2023 to 2032.The demand for these products is expected to rise in power generation, oil and gas, and mining industries, as it is used in applications such as vacuum degassing, steam condensation, and pressure boosting. The over 400 mbar segment is expected to display steady growth, driven by its application in semiconductor manufacturing, aerospace, and scientific research. The application of this product is increasing in vacuum coating, gas transfer, and particle acceleration.
Liquid Ring Vacuum Pump Market Material of Construction Insights
The Global Liquid Ring Vacuum Pump Market is segmented based on the Material of Construction into Cast Iron, Stainless Steel, and Others. Among these, the Cast Iron segment held the largest market share in 2023, accounting for approximately 45% of the Global Liquid Ring Vacuum Pump Market revenue. The high strength and durability of Cast Iron make it a preferred choice for applications requiring high-pressure and vacuum conditions. However, the increasing demand for corrosion-resistant materials in various industries is expected to drive the growth of the Stainless Steel segment during the forecast period.The Stainless Steel segment is projected to exhibit a CAGR of 8.5% during 2023-2032, owing to its superior resistance to corrosion and ability to withstand harsh operating conditions. The Other segment includes materials such as Aluminum, Bronze, and Plastic, which are used in specific applications based on their unique properties and cost considerations.
Liquid Ring Vacuum Pump Market Application Insights
The application segment of the Global Liquid Ring Vacuum Pump Market holds immense significance, shaping the market landscape and driving its growth trajectory. The Chemical Industry is poised to dominate this segment, accounting for a substantial share of the market revenue. This dominance stems from the extensive utilization of liquid ring vacuum pumps in chemical processes such as distillation, evaporation, and extraction. The Pharmaceutical Industry follows closely, leveraging these pumps for crucial applications like vacuum filtration, drying, and packaging.The Food Industry also plays a significant role, employing liquid ring vacuum pumps in operations like vacuum packaging, degassing, and freeze-drying. Other industries, encompassing sectors such as electronics, automotive, and power generation, contribute to the segment's growth, utilizing these pumps for various vacuum-related requirements.
Liquid Ring Vacuum Pump Market End User Insights
The end user segment is a crucial aspect of the Global Liquid Ring Vacuum Pump Market, influencing market growth and dynamics. Original Equipment Manufacturers (OEMs) hold a significant share of the market, driven by the rising demand for liquid ring vacuum pumps in various industries. Process industries, including chemical, pharmaceutical, and food beverages, represent a substantial market segment due to the extensive use of vacuum pumps in production processes. Research and Development (R) institutions and laboratories contribute to market growth as they utilize liquid ring vacuum pumps for scientific research and experimentation.Other end-user segments include mining, power generation, and wastewater treatment, among others, each with varying levels of demand based on specific application requirements. Understanding the end user landscape enables stakeholders to tailor their strategies and cater to the diverse needs of each segment, driving overall market expansion.
Liquid Ring Vacuum Pump Market Regional Insights
The Global Liquid Ring Vacuum Pump Market is segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa. North America is the largest regional market for liquid ring vacuum pumps, followed by Europe and Asia Pacific. The growth of the North American market is attributed to the increasing demand for liquid ring vacuum pumps in the food and beverage, chemical, and pharmaceutical industries. The European market is growing due to the increasing demand for liquid ring vacuum pumps in the automotive and manufacturing industries.The Asia Pacific market is expected to grow at the highest rate during the forecast period due to the increasing demand for liquid ring vacuum pumps in the electronics and semiconductor industries. The South American, Middle East and Africa markets are expected to grow at a moderate rate during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Liquid Ring Vacuum Pump Market Key Players And Competitive Insights
Several major players in the Liquid Ring Vacuum Pump Market industry are continuously innovating and introducing new technologies. Leading Liquid Ring Vacuum Pump Market players are developing and introducing new products with improved performance, energy efficiency, reliability, and durability. The Liquid Ring Vacuum Pump Market development is also driven by the increasing demand for vacuum pumps due to their use in a wide range of industries, including chemical, pharmaceutical, food and beverage, and other industries. The Liquid Ring Vacuum Pump Market Competitive Landscape will remain competitive in the next few years as leading players will attempt to expand their market shares by introducing innovative products and forming new strategic partnerships or by acquiring smaller companies.Busch Vacuum Solutions is one of the leading manufacturers of vacuum pumps, blowers, and compressors. The company offers a wide range of liquid ring vacuum pumps that can be used in the chemical, pharmaceutical, food and beverage, and other industries. In addition to that, Busch Vacuum Solutions has a large sales network and a strong global presence, allowing it to provide high-quality products to its customers along with exceptional customer service. Moreover, Busch Vacuum Solutions is also focused on innovation and follows its commitment to developing new technologies based on the current needs of the market.
As such, Busch Vacuum Solutions has been serving as an essential partner for a large number of businesses for years and plays an important role in the Liquid Ring Vacuum Pump Market.Thomas is another major manufacturer of vacuum pumps, compressors, and blowers that has a wide selection of liquid ring vacuum pumps suitable for chemical, pharmaceutical, food and beverage, and other industries. As such, the features of Rietschle Thomas largely correspond to those of Busch Vacuum Solutions, as the company features a strong global presence due to a large sales network, provides high-quality products, and adheres to innovation in order to develop new technologies suitable for the current needs of the market. Therefore, with a large network of facilities and servicing a large number of businesses, Rietschle Thomas is a critical player in the Liquid Ring Vacuum Pump Market.
Key Companies in the Liquid Ring Vacuum Pump Market Include
Liquid Ring Vacuum Pump Market Industry Developments
The global liquid ring vacuum pump market is projected to grow from USD 3.06 billion in 2023 to USD 6.18 billion by 2032, exhibiting a CAGR of 8.12% during the forecast period. The increasing demand for liquid ring vacuum pumps in various industries, such as chemical processing, pharmaceuticals, and food and beverage, is driving market growth.Recent developments in the market include the launch of new products with improved efficiency and reliability. For instance, in 2023, Atlas Copco introduced its GHS VSD+ liquid ring vacuum pump, which offers up to 30% energy savings compared to conventional models. Furthermore, the growing adoption of liquid ring vacuum pumps in wastewater treatment plants and power plants is expected to fuel market expansion in the coming years.
Liquid Ring Vacuum Pump Market Segmentation Insights
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Liquid Ring Vacuum Pump Market Type Outlook
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Liquid Ring Vacuum Pump Market Discharge Capacity Outlook
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Up to 200 mbar
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200 to 400 mbar
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Over 400 mbar
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Liquid Ring Vacuum Pump Market Material of Construction Outlook
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Cast Iron
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Stainless Steel
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Other
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Liquid Ring Vacuum Pump Market Application Outlook
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Chemical Industry
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Pharmaceutical Industry
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Food Industry
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Other
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Liquid Ring Vacuum Pump Market End User Outlook
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Liquid Ring Vacuum Pump Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.83(USD Billion) |
| Market Size 2023 |
3.06(USD Billion) |
| Market Size 2032 |
6.18(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.12% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Busch Vacuum, Gardner Denver, Iwaki Co., Ltd., Schwing Technologies, Nash Engineering, Tuthill Corporation, Leybold GmbH, Edwards Vacuum, Talleres Nunez, Graham Vacuum Technologies, Ebara Corporation, Pfeiffer Vacuum, Atlas Copco AB, BlueWhite Industries, Baci Vacuum Pumps |
| Segments Covered |
Type, Discharge Capacity, Material of Construction, Application, End User, Regional |
| Key Market Opportunities |
Chemical processing pharmaceutical production Power generation Manufacturing Food and beverage |
| Key Market Dynamics |
Growing industrial demand, technological advancements increasing energy efficiency regulations, fluctuating raw material prices expanding applications in the chemical and pharmaceutical industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Liquid Ring Vacuum Pump Market is expected to reach a valuation of 3.06 Billion USD in 2023.
The Global Liquid Ring Vacuum Pump Market is expected to reach a valuation of 6.18 Billion USD in 2032.
The Global Liquid Ring Vacuum Pump Market is expected to grow at a CAGR of 8.12% from 2023 to 2032.
The Asia-Pacific region is expected to dominate the Global Liquid Ring Vacuum Pump Market, with a significant market share.
Major applications of Liquid Ring Vacuum Pumps include vacuum drying, vacuum filtration, vacuum degassing, and vacuum conveying.
Major players include Gardner Denver, Nash, Pfeiffer Vacuum, and Busch Vacuum Pumps.
Key factors driving the growth include increasing demand from various industries, advancements in technology, and rising awareness of energy efficiency.
Challenges include intense competition, fluctuating raw material prices, and stringent environmental regulations.
Opportunities include expanding applications in emerging markets, technological advancements, and a growing focus on sustainability.
Key trends include increasing automation, adoption of Industry 4.0 technologies, and growing demand for customized solutions.
