The liquid ring compressors market size was USD 240 million in 2020 and is projected to reach USD 337 million by 2026; it is expected to grow at a CAGR of 5.8% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring compressors. The growing investments in the crude oil industry is expected to drive the use of liquid ring compressors.
The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), DEKKER Vacuum Technologies, Inc. (US), Graham Corporation (US), Cutes Corp. (Taiwan), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.
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Ingersoll Rand is among the leading manufacturers in the liquid ring compressors 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 Ingersoll-Rand plc while converting its name to Ingersoll Rand Inc. from Gardner Denver Holdings, Inc. This development has strengthened the position of Ingersoll Rand in the vacuum pumps and compressors market.
Another important player in the liquid ring compressors market is Atlas Copco. In June 2020, Atlas Copco acquired Ovity Air Comprimé, a distributor of industrial air compressors and solutions for compressed air. This development has strengthened the geographical presence of Atlas in France.
Liquid Ring Compressors Market by Type (Single-stage, Two-stage), Material Type (Stainless Steel, Cast Iron), Flow Rate (25 – 600 M3H; 600 – 3,000 M3H; 3,000 – 10,000 M3H; Over 10,000 M3H), Application, and Region - Global Forecast to 2026
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