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.
Asia Pacific is attracting investors to set up their production facilities owing to the easy availability of raw materials and labor at low costs. Industrial activities are growing in this region owing to low manufacturing costs and support of local governments. Moreover, increasing investments in research and development activities are also driving the liquid ring compressors market in Asia Pacific.
To know about the assumptions considered for the study download the pdf brochure
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.
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.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=264817142
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/liquid-ring-compressors-market-264817142.html