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Air Compressor Market Size Growing at 4% CAGR, Set to Reach USD 48.6 Billion By 2032

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TOKYO, March 21, 2023 (GLOBE NEWSWIRE) — The Global Air Compressor Market Size collected USD 33.2 Billion in 2022 and is set to achieve a market size of USD 48.6 Billion in 2032 growing at a CAGR of 4.0% from 2023 to 2032.

Air Compressor Market Research Report Highlights and Statistics:

  • The Global Air Compressor Market size in 2022 stood at USD 33.2 Billion and is set to reach USD 48.6 Billion by 2032, growing at a CAGR of 4%
  • Key factor driving the growth of the air compressor market is the increasing demand for energy-efficient compressors. As energy costs continue to rise, companies are looking for ways to reduce their energy consumption and operating costs. Energy-efficient compressors are able to deliver the same level of performance while using less energy, making them a cost-effective solution for businesses.
  • Asia Pacific stands as the largest market for air compressors during the forecast period, with North America being the fastest growing region worldwide.
  • The Air Compressor Market is a rapidly growing industry with a wide range of applications and a diverse range of players, including Atlas Copco AB, Ingersoll-Rand plc, Gardner Denver Holdings Inc., and others.

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Air Compressor Market Report Coverage:

Market Air Compressor Market
Air Compressor Market Size 2022 USD 33.2 Billion
Air Compressor Market Forecast 2032 USD 48.6 Billion
Air Compressor Market CAGR During 2023 – 2032 4.0%  
Air Compressor Market Analysis Period 2020 – 2032
Air Compressor Market Base Year 2022  
Air Compressor Market Forecast Data 2023 – 2032
Segments Covered By Type, By Product, By Lubrication, By Application, And By Geography
Air Compressor Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Atlas Copco, BelAire Compressors, Bauer Group, Galaxy Auto Stationary Equipment Co. Ltd., AireTex Compressor, Ingersoll Rand Plc, Compressor Products International (CPI), GENERAL ELECTRIC, Kaeser Compressors, and Sullair LLC.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Air Compressor Market Overview:

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The air compressor market is a booming industry that offers a diverse range of applications in various sectors, including manufacturing, construction, healthcare, and more. Air compressors are devices that convert power into energy stored in compressed air, which can be used for a variety of purposes. They are used in a wide range of industries, from automotive and aerospace to food and beverage and pharmaceuticals. Air compressors are also commonly used in pneumatic tools, such as nail guns and spray guns, as well as in air conditioning systems and refrigeration units. With the increasing demand for energy-efficient and reliable compressors, the air compressor market is expected to continue to grow in the coming years, creating opportunities for manufacturers and suppliers alike.

Trends in the Air Compressor Market:

  • Increased demand for energy-efficient compressors to reduce energy consumption and operating costs
  • Growing popularity of portable air compressors for use in construction and DIY projects
  • Development of oil-free compressors to eliminate the need for lubrication and reduce maintenance requirements
  • Growing adoption of smart air compressors with IoT capabilities for remote monitoring and maintenance
  • Use of variable speed drives to improve energy efficiency and reduce wear and tear on compressors
  • Growing use of compressed air in the healthcare industry for medical devices and tools
  • Adoption of oil-injected screw compressors in the oil and gas industry for drilling and production applications

Air Compressor Market Dynamics:

  • Increasing demand for compressed air in various industries, such as manufacturing, construction, and healthcare.
  • Rising demand for customized air compressor solutions to meet specific customer needs.
  • Emergence of 3D printing technology for producing complex compressor components more efficiently
  • Increased focus on noise reduction in compressor design to meet noise regulations and improve workplace safety
  • Growing use of air compressors in the food and beverage industry for processing and packaging applications
  • Development of compressed air energy storage systems for renewable energy applications
  • Expansion of the automotive industry, which requires air compressors for various applications, such as painting and sandblasting.
  • Growth of the construction industry, which requires air compressors for powering pneumatic tools and equipment.

Growth Hampering Factors in the market for Air Compressor:

  • High initial cost of air compressors, which can limit adoption by small and medium-sized businesses.
  • Maintenance requirements and associated costs, which can be a burden for some companies.
  • Fluctuations in energy prices, which can impact the cost of operating air compressors.
  • Environmental concerns related to the use of compressed air, such as emissions and noise pollution.
  • Availability and cost of skilled labor for maintaining and repairing air compressors.
  • Competition from alternative technologies, such as hydraulic and electric systems.
  • Dependence on the manufacturing sector, which can be impacted by economic downturns.
  • Limited availability of raw materials and components for manufacturing air compressors.
  • High transportation costs for moving bulky air compressors to various locations.
  • Risk of component failure and associated downtime, which can impact productivity.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/air-compressor-market

Market Segmentation:

By Type

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  • Stationary
  • Portable

By Product

  • Centrifugal
  • Rotary/Screw
  • Reciprocating/Piston

By Lubrication

  • Oil Free
  • Oil Filled

By Application

  • Semiconductors & Electronics
  • Home Appliances
  • Oil and Gas
  • Healthcare
  • Manufacturing
  • Food & Beverage
  • Energy
  • Others

Air Compressor Market Overview by Region:

North America’s Air Compressor market share is the fastest growing globally, driven by the presence of a large number of manufacturing industries and the growing demand for energy-efficient compressors. The region also has a well-established oil and gas industry that requires air compressors for drilling and production activities. Some of the major players operating in this market in North America include Atlas Copco, Ingersoll Rand, and Gardner Denver.

The Asia-Pacific region’s Air Compressor Market share is the highest globally, driven by the rapid industrialization and infrastructure development in countries such as China, India, and Japan. The region also has a large number of small and medium-sized businesses that require cost-effective and portable air compressors. Some of the major players operating in this market in Asia-Pacific include Atlas Copco, Sullair, and Hitachi Industrial Equipment Systems Co.

Europe is another key market for Air Compressor, driven by the expansion of the automotive industry and the growing demand for customized air compressor solutions. The region also has strict regulations related to noise pollution, which has resulted in the development of noise-reducing compressors. Some of the major players operating in this market in Europe include Siemens AG, Kaeser Kompressoren SE, and Elgi Compressors.

The South American and MEA regions have a growing Air Compressor market share. In the Middle East and Africa, the market is primarily driven by the oil and gas industry, which requires air compressors for drilling, production, and transportation activities.

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Air Compressor Market Key Players:

Some of the leading companies in this market include Atlas Copco AB, Ingersoll-Rand plc, Gardner Denver Holdings Inc., Hitachi Industrial Equipment Systems Co. Ltd., Kaeser Kompressoren SE, Kobe Steel Ltd., Sullair LLC, Quincy Compressor LLC, Sullivan-Palatek Inc., ELGi Equipments Limited, Hubei Teweite Power Technology Company Limited, Doosan Portable Power, Fusheng Co. Ltd., BOGE Compressors GmbH & Co. KG, MAT Industries LLC, Rolair Systems, AireTex Compressors LLC, Powermate Vx, Campbell Hausfeld, and DEWALT.

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The Global Automotive Artificial Intelligence (AI) Market accounted for USD 2,717 Million in 2021 and is estimated to reach USD 53,118 Million by 2030, with a significant CAGR of 39.6% from 2022 to 2030.

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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