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Air Compressors and Vacuum Pumps Market Trends
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The global air compressor market is projected to reach $46.2 billion by 2031, driven by rising demand for portable tools and packaged foods. BOGE, a manufacturer, offers oil-free, quiet, and low-vibration scroll compressors for sensitive work environments, expanding its performance range to 30 kW. The compressors and vacuum pumps market is expected to witness significant growth, with a CAGR of 4.4% between 2023 and 2028. The global liquefied natural gas compressor market is also projected to grow, reaching $4.97 billion by 2027.
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How might the increasing demand for portable tools and packaged foods impact the air compressor market in the next decade?
What are the potential implications of the projected growth in the global liquefied natural gas compressor market for the energy industry and global economy?
What factors are driving the growth of the compressors and vacuum pumps market, and how might they influence other industries?
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