Global Liquid Ring Compressors Market: Comprehensive Analysis and Forecast (2021-2026)

The report "Liquid Ring Compressors Market by Type (Single-stage, Two-stage), Material Type (Stainless Steel, Cast Iron), Flow Rate (25 – 600 M3H; 600 – 3,000 M3H; 3,000 – 10,000 M3H; Over 10,000 M3H), Application, and Region – Global Forecast to 2026", size was USD 874 million in 2020 and is projected to reach USD 1,229 million by 2026; it is expected to grow at a CAGR of 5.8% from 2021 to 2026, owing to the increasing global energy consumption and steadily rising gas transportation sector.

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By type, two-stage is the fastest-growing segment during the forecast period of 2021 to 2026.

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.