Liquid Ring Compressors Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Single Stage, Two Stage, and Multistage); Flow Rate (25 – 600 M3H; 600 – 3,000 M3H; 3,000 – 12,000 M3H; and Over 12,000 M3H); Material Type (Cast Iron, Stainless Steel, and Others); Application (Petrochemical & Chemical, Wastewater Treatment, Power Generation, Oil & Gas, and Others); and Region/Country
Global Liquid Ring Compressors Market was valued at more than USD 400 million in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028. A liquid ring compressor is a type of rotary positive displacement compressor that uses a liquid seal to maintain pressure within the compression chamber. This liquid creates a seal around the rotating impeller, which compresses the incoming air or gas. The most common liquid used in liquid ring compressors is water, but other liquids such as oil, glycol, and refrigerants can also be used. The main advantage of liquid ring compressors is that they can handle moist or dirty gases, making them well-suited for applications such as wastewater treatment plants and chemical processing facilities.
Factors such as increasing global energy consumption coupled with the gradually rising gas transportation sector, increasing adoption, and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.
Atlas Copco; Busch Vacuum Solutions; Cutes Corporation; DEKKER Vacuum Technologies, Inc.; Flowserve Corporation; Graham Corporation; Ingersoll Rand; Gardner Denver; OMEL; Zibo Zhaohan Vacuum Pump Co.,Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, Two stage category is to witness the highest CAGR during the forecast period”
Based on type, the market is segmented into single stage, two stage, and multistage. Two stage category is to witness the highest CAGR during the forecast period owing to the better suited for handling solvents at much higher levels of vacuum. As, two stage is a type of positive displacement compressor that uses two stages of compression to increase the pressure of the incoming gas or air. Two-stage liquid ring compressors are used in applications where a high discharge pressure is required, such as in natural gas processing and petrochemical production.
“Amongst application, petrochemical & chemical is to grow with robust CAGR during the forecast period”
Based on application, the market is segmented into petrochemical & chemical, wastewater treatment, power generation, oil & gas, and others. Among these, petrochemical & chemical is to grow with robust CAGR during the forecast period. This is because liquid ring compressors are used for a variety of applications, including the compression of process gases, the recovery of valuable byproducts, and the compression of feedstocks to produce various chemicals and plastics. In addition, liquid ring compressors are used to compress gases such as ethylene and propylene, which are used as feedstocks to produce various chemicals and plastics. They are also used to compress process gases, such as hydrogen and nitrogen, which are used as reactants or for purging purposes. Thus, the increasing use of liquid ring compressors in the petrochemical & chemical industry is increasing the growth of the market.
“North America to hold a significant share in the market”
In 2021, North America held a significant share of the global liquid ring compressors market. This is mainly driving by the growth of various industries such as petrochemical, chemical, and power generation industries, and many others. In addition, these industries are being growing due to the increasing demand for energy-efficient and reliable compression solutions, as well as the increasing use of natural gas as a source of energy. As, in the petrochemical & chemical industries, liquid ring compressors are used for a variety of applications, including the compression of process gases, the recovery of valuable byproducts, and the compression of feedstocks for the production of various chemicals and plastics. Thus, due to the high use of liquid ring compressors in North America will increase the demand in the market.
Liquid Ring Compressors Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Global Liquid Ring Compressors Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Liquid Ring Compressors Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global liquid ring compressors market were the three major steps undertaken to create and analyze the adoption of liquid ring compressors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global liquid ring compressors market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the liquid ring compressors market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the liquid ring compressors market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, flow rate, material type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the liquid ring compressors market. Further, we conducted factor analysis using dependent and independent variables such as various types, flow rates, material types, and applications of liquid ring compressors. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the liquid ring compressors market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global liquid ring compressors market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the liquid ring compressors market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global liquid ring compressors market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global liquid ring compressors market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, flow rate, material type, and application in the global liquid ring compressors market.
The main objective of the Global Liquid Ring Compressors Market Study
The current & future market trends of the global liquid ring compressors market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the liquid ring compressors market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, flow rate, material type, and application.
- Define and analysis of the regulatory framework for the liquid ring compressors
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the liquid ring compressors market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the liquid ring compressors market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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