Global Liquid Ring Vacuum Pump Market 2024–2033

Reports Description

Global Liquid Ring Vacuum Pump Market was valued at USD 1.3 Billion in 2024 and is expected to reach USD 2.3 Billion by 2033, at a CAGR of 5.7% during the forecast period 2024 – 2033.

A liquid ring vacuum pump is a rotary positive displacement pump that creates a vacuum. It operates on the principle of a rotating impeller partially submerged in liquid, typically water, forming a liquid ring inside the pump’s casing. These pumps are known for their simple design, reliability, and ability to handle wet or dry gases.

Liquid Ring Vacuum Pump Market: Growth Factors

Rising Oil & Gas Sector

The liquid ring vacuum pump market has experienced significant growth driven by the expanding oil and gas sector. As the demand for oil and gas exploration, production, and refining continues to rise globally, there is a parallel need for efficient and reliable vacuum technology to support these operations.

Liquid ring vacuum pumps play a crucial role in various oil and gas industry applications, including gas compression, vapor recovery, and gas evacuation. Their ability to handle wet or dry gases, along with their robustness and reliability, makes them well-suited for the demanding conditions encountered in these processes.

Moreover, liquid ring vacuum pumps are favoured in the oil and gas sector for their ability to handle condensable vapours and carry over liquids, which are often present in the gases extracted during exploration and production activities.

This capability ensures uninterrupted operation and helps maintain process efficiency. As investments in oil and gas exploration and production projects increase, the demand for liquid ring vacuum pumps is expected to continue growing.

Manufacturers are thus focusing on technological advancements to enhance the performance, efficiency, and durability of these pumps to meet the evolving needs of the expanding oil and gas sector.

Ongoing research and development in vacuum pump technology

Ongoing research and development (R&D) in vacuum pump technology has been a key driver behind the growth of the liquid ring vacuum pump market.

Manufacturers are continually investing in R&D activities to innovate and improve the performance, efficiency, and reliability of liquid ring vacuum pumps, thus expanding their applications and market reach. One focus of R&D efforts is to enhance the energy efficiency of liquid ring vacuum pumps, reducing operational costs and environmental impact.

This includes developing more efficient pump designs, optimizing materials and manufacturing processes, and integrating advanced control and monitoring systems.

Another area of R&D is the exploration of new materials and coatings to improve the corrosion resistance and durability of liquid ring vacuum pumps, especially in harsh operating environments such as those encountered in the chemical, petrochemical, and pharmaceutical industries.

Furthermore, ongoing R&D efforts aim to expand the operational range and capabilities of liquid ring vacuum pumps, allowing them to handle a wider variety of gases, pressures, and temperatures. This includes developing specialized pump configurations and accessories tailored to specific applications and industries.

Overall, the continuous innovation driven by R&D in vacuum pump technology not only fuels the growth of the liquid ring vacuum pump market but also enables advancements in various industrial processes and applications, driving efficiency, productivity, and sustainability.

Liquid Ring Vacuum Pump Market: Restraints

High cost

The high cost associated with liquid ring vacuum pumps can act as a hindrance to market growth. While these pumps offer numerous benefits such as reliability, versatility, and the ability to handle wet or dry gases, their initial purchase cost and ongoing operational expenses can be significant.

The complex design and manufacturing processes involved in producing liquid ring vacuum pumps contribute to their high cost. Additionally, the materials used, such as corrosion-resistant alloys, add to the expense. Moreover, specialized customization to meet specific industrial requirements can further increase the cost of these pumps.

Furthermore, liquid ring vacuum pumps typically require regular maintenance, including monitoring and replacement of sealing liquid, lubrication, and inspection of internal components. These maintenance activities incur additional costs over the lifetime of the pump.

The high energy consumption of liquid ring vacuum pumps also contributes to operational expenses, especially in applications where continuous vacuum generation is required. As industries seek to optimize costs and improve efficiency, the initial investment and ongoing operational expenses associated with liquid ring vacuum pumps may deter some potential customers.

Manufacturers are thus exploring avenues to reduce costs through technological advancements, material innovations, and operational optimizations to make these pumps more competitive in the market.

Liquid Ring Vacuum Pump Market: Opportunities

Customization to diverse industrial processes

The liquid ring vacuum pump market is thriving due to its customization and adaptation capabilities to diverse industrial processes. Manufacturers are increasingly offering tailored solutions to meet the specific requirements of various industries, driving market growth.

Customization involves adapting liquid ring vacuum pumps to suit the unique needs of different industrial applications. This includes modifying pump designs, materials, and operating parameters to optimize performance, efficiency, and reliability in specific environments and processes.

Liquid ring vacuum pumps are versatile and can be customized to handle a wide range of gases, temperatures, pressures, and operating conditions. They can also be integrated with additional features and accessories, such as variable speed drives, moisture separators, and heat exchangers, to enhance their functionality and adaptability to different processes.

Moreover, the ability of liquid ring vacuum pumps to handle wet or dry gases, along with their robustness and reliability, makes them well-suited for diverse industrial applications. From chemical processing and food manufacturing to pharmaceutical production and wastewater treatment, liquid ring vacuum pumps play a vital role in numerous industries worldwide.

As industries continue to evolve and demand specialized vacuum solutions, customization and adaptation capabilities will remain key drivers of growth in the liquid ring vacuum pump market. Manufacturers are thus focusing on innovation and collaboration to develop bespoke solutions that address the unique challenges and requirements of each industry and application.

Liquid Ring Vacuum Pump Market: Segmentation Analysis

Global Liquid Ring Vacuum Pump market is segmented by material, end user, and region.  Based on destination, the market is classified into Stainless Steel, Cast Iron and Others. Stainless Steel dominated the market in 2023 with a market share of 55.6% and is expected to keep its dominance during the forecast period 2024-2033.

The increasing demand for stainless steel components is driving growth in the liquid ring vacuum pump market. Stainless steel offers several advantages, making it a preferred material choice for various industries and applications.

Stainless steel provides exceptional corrosion resistance, making it ideal for use in harsh and corrosive environments commonly found in industries such as chemical processing, pharmaceuticals, food and beverage, and wastewater treatment.

In these applications, where exposure to aggressive chemicals or moisture is prevalent, stainless steel liquid ring vacuum pumps offer superior durability and longevity compared to pumps made from other materials.

Moreover, stainless steel is highly resistant to rust and oxidation, ensuring the integrity and reliability of liquid ring vacuum pumps over their operational lifespan.

This resistance to corrosion minimizes the risk of contamination and product spoilage in industries where hygiene and product purity are paramount, such as in food and pharmaceutical manufacturing. Furthermore, the aesthetic appeal of stainless steel, along with its ease of cleaning and maintenance, adds to its appeal in industries with stringent cleanliness standards.

Based on end user, the market is classified into Automotive, Aerospace, Oil & gas, Pharmaceuticals, Chemical and Others. Automotive dominated the market in 2023 with a market share of 34.5% and is expected to keep its dominance during the forecast period 2024-2033.

The automotive industry is a significant driving force behind the growth of the liquid ring vacuum pump market. Liquid ring vacuum pumps play a crucial role in automotive applications, particularly in vehicles equipped with internal combustion engines or hybrid systems.

One of the primary functions of liquid ring vacuum pumps in automotive systems is to provide vacuum assistance for power brake systems. These pumps create vacuum pressure to enhance braking performance, especially in vehicles with engine downsizing or turbocharging, which may have reduced intake manifold vacuum.

Liquid ring vacuum pumps offer advantages such as compact size, efficient operation, and reliability, making them well-suited for automotive applications.

Moreover, with the increasing emphasis on environmental regulations and fuel efficiency standards, automotive manufacturers are adopting technologies like start-stop systems and regenerative braking, which rely on vacuum pumps for operation. Liquid ring vacuum pumps play a crucial role in these systems by maintaining vacuum levels necessary for proper functionality.

As automotive manufacturers continue to innovate and develop advanced vehicle technologies, the demand for efficient and reliable vacuum pumps, including liquid ring vacuum pumps, is expected to grow, further driving market expansion in the automotive sector.

Report Scope

Liquid Ring Vacuum Pump Market: Regional Analysis

By region, Liquid Ring Vacuum Pump market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Liquid Ring Vacuum Pump market in 2023 with a market share of 39.1% and is expected to keep its dominance during the forecast period 2024-2033.

North America serves as a significant driving force for the liquid ring vacuum pump market. The region’s robust industrial sector, particularly in industries such as oil and gas, chemical processing, automotive manufacturing, and food processing, fuels the demand for vacuum technology.

In the oil and gas sector, North America boasts substantial reserves of oil and natural gas, driving investments in exploration, extraction, and refining activities. Liquid ring vacuum pumps are integral to these processes, providing vacuum solutions for gas compression, vapor recovery, and wastewater treatment.

Liquid Ring Vacuum Pump Market: Recent Developments

• In April 2021, Aguas de Manizales, announced a USD 38 million tender to develop and operate a new wastewater treatment plant in the city’s Los Cámbulos area.

• In December 2022, Flowserve Corporation launched a liquid ring vacuum pump in Brazil.

• In November 2021, Ingersoll Rand. collaborated with Graham Corporation to launch a liquid ring vacuum pump. The project comprises the construction of a plant capable of treating an average of 320l/s when it begins operations in 2022, increasing to 520l/s by 2034.

List of the prominent players in the Liquid Ring Vacuum Pump Market:

• Atlas Copco
• Busch Vacuum Solutions
• Cutes Corp
• Dekker Vacuum Technologies Inc.
• Finder Pumps
• Flowserve Corporation
• Graham Corporation
• Ingersoll Rand
• Omel
• PPI Pumps Samson Pumps
• Speck
• Tsurumi Manufacturing Co. Ltd.
• Vooner
• Zibo Zhaohan Vacuum Pump Co. Ltd
• Others

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

The Liquid Ring Vacuum Pump Market is segmented as follows:

By Material

• Stainless Steel
• Cast Iron
• Others

By End User

• Petrochemical & Chemical
• Pharmaceutical
• Food Manufacturing
• Aircraft
• Automobile
• Water Treatment
• Oil & Gas
• Power Generation
• EPS and Plastics
• Pulp & Paper
• Others

By Type

• Single-stage
• Two-stage

By Flow Rate

• 25 – 600 M3H
• 600 – 3,000 M3H
• 3,000 – 10,000 M3H
• Over 10,000 M3H

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America