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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:

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

  • 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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About Acumen Research and Consulting:

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

Picus Security Launches Security Validation for Kubernetes

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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.

For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.* 
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive. 
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
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Artificial Intelligence

Highlights from the Finale: Day Three of the London Blockchain Conference Unravelled

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As the London Blockchain Conference draws to a close, attendees heard from industry experts on Driving Innovation with Blockchain.
LONDON, May 23, 2024 /PRNewswire/ — Attendees at the London Blockchain Conference were in to witness the final day, which featured a line-up of informative and thought-provoking speakers. Throughout the day, there were exciting panels and presentations which featured cutting-edge ideas and insights.

Day 3 kickstarted with BSVA launching a new report focusing on the role of blockchain in safeguarding data and streamlining transactions.
Other sessions included:
The Intersection of Web3, AI, and Emerging Tech – Somi Aran, Founder of InPeak gave the opening keynote which explored the dynamic convergence of Web3, Artificial Intelligence, and emerging technologies. She delved into how these technologies are reshaping industries and redefining the boundaries of innovation and the potential impacts and opportunities these technologies present.
Bridging the gap: Making Web3 technologies user-friendly – Christine Leong, CIO, nChain – discussed some of the innovative strategies and practical solutions aimed at simplifying Web3 technologies. She also discussed how nChain is planning to transform Web3 from a domain exclusive to the tech-savvy, into a user-friendly ecosystem that empowers all users.
Is code law? – Rules applicable to blockchain networks – panel featuring Marcin Zarakowski, CEO of Token Recovery, Akber Datoo CEO of D2 Legal Technology, Jeffrey Golden, King’s Counsel (Hon) at 3 Hare Court Chambers, Andrei Kirilenko, Professor of Finance at Cambridge Judge Business School, Professor Sarah Green, Law Commissioner at Law Commission, where they discussed that rules apply to the nodes and validators which support the particular network and process its transactions. The group also discussed whether the blockchain protocols’ rules and software code are the only sources of regulation in blockchain networks.
An Introduction to nChain Identity – Thomas Moretti, Head of Product Development at nChain. He spoke about the Self Sovereignty Identity concept and showcased the latest project it is working on – nChain Identity.
Reimagining Roles: How regulated industry leaders are shaping the future of finance – a panel featuring, Andrew Mosson (Chief Commercial Officer of OneTrading, Néstor Palao, Head DLT & Corporate Clients at Sygnum Bank, Laurence Lewandowska, CFO/COO at BSV Association and Wojciech Kaszycki Chairman & Founder at Mobilum. The panel discussed how the new era of digital assets, traditional banking institutions, exchanges, and financial services are being reimagined in the context of emerging technologies such as blockchain and AI.
Please register here if you would like to listen to any of the sessions today. 
If you want to interview any speaker from today’s sessions, please email [email protected].
About the London Blockchain Conference NETWORK. LEARN. ENGAGE.  At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 

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Nord Anglia Education publishes new insights on the role of AI and metacognition in learning

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LONDON, May 23, 2024 /PRNewswire/ — INSIGHTS, the global publication from Nord Anglia Education, has published two new articles taking an in-depth look at AI in education and the role of metacognition in teaching and learning.

Exploring the role of AI in learning
https://www.nordangliaeducation.com/insights/2024/articles/the-generative-generationIn its ‘Generative Generation’ feature, INSIGHTS explores the role of artificial intelligence (AI) in education, and whether the technology is making it easier for children to learn. Speaking to Nord Anglia’s educators as well as leading experts from the world of academia, it also includes real-life examples of how Nord Anglia’s schools are using AI in the classroom.
For example, Nord Anglia’s British International School in Kuala Lumpur has adapted the technology to create an AI-powered teaching assistant that can personalise learning, guide students through content exploration, and deepen their understanding through interactive activities. Learners define the topic they want to explore and the course specification they are working to, and the AI explores the content with them in a conversational way, enabling them to ask questions as they go. 
Dr Bruce Geddes, Deputy Head of Secondary at the school, told INSIGHTS that AI represents “the biggest opportunity we’ve had in our lifetimes, for many, many spheres, but particularly in education”.
Avenues: The World School in New York, which became part of Nord Anglia in 2023, encourages its students to use AI in their work. As an example, in an app development project students use ChatGPT to generate the bulk of the coding, then review, correct and refine it. This saves them “hours of manual work by leveraging the appropriate tool in an academically appropriate way,” says Lia Muschellack, Director of Technology at the school.
The school also has its own generative AI chatbot, Savvy, built in 2019 and now powered by open AI technology. It can answer queries, provide information, and engage in “diverse discussions ranging from academic topics to casual conversations”.
“We understand that our students will be actively leveraging these tools throughout their academic and professional pathways, so we want to make sure they not only understand the potentials and limitations, but that they have tinkered and truly experienced them,” Muschellack explains.
Metacognition: a learning superpower
In its feature ‘Metacognition. Helping Kids Unlock the Power of ‘Thinking about Thinking’, INSIGHTS looks at how students can develop the important skill of metacognition.
“Metacognition is the ability to be aware of our cognitive or thought processes and to monitor, reflect on, and change those processes,” Dr Rose Luckin, Professor of Learner Centred Design at the University College London Knowledge Lab, told INSIGHTS.
Nord Anglia Education is working with Dr Luckin to develop its approach to metacognition and to help teachers introduce metacognitive strategies into classrooms. It has developed a metacognitive framework of six “Learner Ambitions” to help students develop the 6 Cs: to become critical, creative, committed, and curious learners, working compassionately and collaboratively in the classroom and beyond.
As the article explains, Nord Anglia’s deep dive into metacognition has many goals: developing student agency, boosting academic performance, and developing ‘future’ skills that employers want. The framework is being initially applied across 27 Nord Anglia schools around the world and its impact will be measured in independent research in partnership with Boston College, reporting in 2025.
Nord Anglia’s examination of metacognition also involves exploring personalised goals and thinking routines. For instance, students at Nord Anglia International School Hong Kong use the “Step In, Step Out, Step Back” routine to develop empathy and understanding in their studies. “It’s about asking the right questions; those really big questions that lead to even more questions,” says Raquel Thomson, the school’s Deputy Head of Primary. “Thinking strategies like this stay with students and serve a purpose whatever they do in their lives, whether they choose to be a scientist or a teacher or go into business.”
For media enquiries please contact: Francesca Milani Communications Manager, Digital Education Portfolio +44 20 7131 0000 [email protected] 
About Nord Anglia Education:
As the world’s leading international schools organisation, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.  
Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.  
No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.  
To learn more or apply for a place for your child, go to nordangliaeducation.com.
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