Liquid Ring Vacuum Pumps Market is growing rapidly with Atlas Copco introducing liquid ring vacuum pump LRP 700-1000 VSD range of intelligent liquid ring vacuum pumps

 

Liquid Ring Vaccum Pumps Market

Liquid ring pumps are devices that are used in liquid distribution systems. A liquid-ring pump is an electric-powered, rotary positive-pressure pump. They are used to pump fluids from one point to another, including water, gasoline, antifreeze, and chemical liquids. There are many different types of liquid ring pumps, and some of them have some additional features. Investments in the oil and gas sector have increased over the years across the globe. Establishing and expansion of refinery projects in Uganda, Egypt, Taiwan, and Malaysia has led to increased investment in the oil & gas industry. Recently, in October 2020, ExxonMobil made its final investment of US$ 9 billion in Payara field offshore development in Guyana. Moreover, in December 2020, ExxonMobil Corporation and PETRONAS discovered hydrocarbons at Sloanea-1 exploration well on Block 52 offshore Suriname. Thus, such factors can stimulate growth of the liquid ring vacuum pumps market.

When it comes to regional influence, North America seems to be exhibiting a positive outlook in the liquid ring vacuum pumps market. This is due to the presence of key players in the field of the oil and gas industry such as ExxonMobil, Apache Corp., and Black Stone Minerals LP. On the contrary, Asia Pacific is gaining significant traction due to increasing demand from the oil & gas industry. Recently, in April 2019, Atlas Copco launched a liquid ring vacuum pump LRP 700-1000 VSD range of intelligent liquid ring vacuum pumps.

The most common liquid ring vacuum pumps are the rotary type, which uses a revolving cylinder with two intake screens and two discharge screens. One screen spins counter-clockwise, while the other spins clockwise. Since the amount of liquid being pumped is less than the area of the receiving cylinder, a small amount of fluid is wasted during each rotation. The two most widely used intake and discharge screens are the semi-circular and rectangular styles. That being said, there are various factors that could limit the potential growth of the said market. For instance, liquid ring vacuum pumps require a high initial investment and it could vary depending upon power, capacity, type of material, and safety features. Moreover, growing issues regarding water conservation could impede growth of the liquid vacuum pumps market.

The last type of liquid ring vacuum pump in use today is the rotary vane vacuum pump. This type is the most commonly found in today's models. Another key factor fueling growth of the market in discussion is growing regulatory regulations from EPA regarding flare gas. Liquid ring vacuum pumps are widely used in the recovery of fuel gas and condensing precious hydrocarbons. The U.S. Environmental Protection Agency (EPA) has enforced stringent regulations on the flaring of natural gas, leading to increased demand for vacuum pumps. Thus, these factors can augment growth of the liquid ring vacuum pumps market.


Location: India

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