Liquid Ring Compressors Market: Current Analysis and Forecast (2022-2028)

Liquid Ring Compressors (LRCs) are a type of centrifugal compressor that uses a liquid ring to create a rotating flow of air. The compressor is composed of a series of concentric rings that are filled with a liquid, such as oil or water. The rings rotate around a central axis, and as the rings move through the liquid, they create a pressure gradient that forces air through the compressor. LRCs are used in applications where high pressures and speeds are required, such as in gas turbine engines and industrial pumps.

The Liquid Ring Compressors Market is expected to grow at a steady rate of around 5% owing to the increasing global energy consumption coupled with the gradually rising gas transportation sector. Major companies in the market manufacture variants of liquid ring compressor parts. For instance, on 5 Aug 2022, Atlas Copco acquired the assets of Shandong Bozhong Vacuum Technology Co., Ltd, a company that develops and manufactures liquid ring vacuum pumps and systems.

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.

Based on flow rate, the market is categorized into 25 - 600 M3H; 600 - 3,000 M3H; 3,000 - 12,000 M3H; and Over 12,000 M3H. Among these, 3,000 - 12,000 M3H is expected to grow significantly during the forecast period and are considered medium-capacity liquid ring compressors. These are majorly used in various applications such as oil & gas and petrochemical & chemical, pulp & paper, oil & gas, power generation, chemical industries, etc are expected to fuel the growth of the market. Thus, 3,000 - 12,000 M3H Liquid Ring Compressors offer better control capability and performance in the field.

Based on material type, the liquid ring compressors market has been classified into cast iron, stainless steel, and others. The stainless steel category is to witness the highest adoption of liquid ring compressors during the forecast period. This is mainly due to the high cavitation resistance of stainless steel which enhances the life expectancy of liquid ring compressors. Because of such factors, it is used in many industrial applications such as food manufacturing, pharmaceutical, oil & gas, power generation, and others.

Based on application, the market is segmented into petrochemical & chemical, wastewater treatment, power generation, oil & gas, and others. Among these, oil & gas to hold a significant share of the market in 2021. This is mainly used in the oil and gas industry for various applications such as natural gas processing, petrochemical production, and offshore oil and gas production. In addition, these compressors are well-suited for use in the oil and gas industry due to their ability to handle moist or dirty gases, as well as their reliability and durability. Thus, increasing the use of liquid ring compressors in the industry.

For a better understanding of the market adoption of the liquid ring compressors industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rise in investments, rising research and development activities, rapid urbanization, low manufacturing costs coupled with industrialization, and increasing government support of the region is driving the growth of the market. In addition, liquid ring compressors are also used for applications such as air compression, vacuum generation, and gas compression, making them an essential component in many industrial processes. Moreover, the wide expanse of applications along with growth in the oil & gas industry and petrochemical & chemical sector is further expected to support the market growth.

Some of the major players operating in the market include: 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.