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 significant growth in the pharmaceutical industry will lead to an increase in the demand for liquid ring compressors. By type, the two-stage pumps are more efficient at much higher vacuum levels. Also, they are better suited for handling solvents at much higher levels of vacuum.
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).
