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Liquid Ring Compressors Market worth $1,229 million by 2026 - Exclusive Report by MarketsandMarkets™
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 liquid ring compressors with a flow rate of 3,000-10,000 m3/h are considered medium capacity liquid ring compressors. Medium capacity liquid ring compressors are used in diverse applications across industries such as oil & gas and petrochemical & chemical. High demand from pulp & paper, oil & gas, power generation, and chemical industries is expected to fuel the growth of this segment.
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North America is expected to be the second-largest market in 2020, in terms of value
North America is expected to be the second-largest market for liquid ring compressors during the forecast period. There is an increasing demand for liquid ring compressors from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring compressors in the region.
The key 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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By Base oil (Synthetic, Mineral, Semi-Synthetic, and Bio-based), Compressor Type (Dynamic, Positive Displacement), Application (Gas, Air), End-Use Industry (General Manufacturing, Construction, Oil & Gas) ) - Global forecast to 2023
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