Global Transmission Sales Market - 2024 - 2031

Report Overview

The Global Transmission Sales Market size was worth US$ 16.68 billion in 2023 and is estimated to reach US$ 25.38 billion by 2031, growing at a CAGR of 5.39% during the forecast period (2024-2031).

Transmission sales are responsible for pressurizing and accumulating gas inside a pipeline by providing efficient gas processing for control & safety systems, maintaining correct pressure levels, recovering & recompressing the processed gas, processing biogas derived from water and residential waste, avoiding contamination of the processed gas. Pressurizing and accumulating gas inside pipelines is accomplished by processing the gas efficiently for control and safety systems, maintaining proper pressure levels and recovering and recompressing the processed gas.

Transmission sales equipment is also used to prevent contamination of processed gas processing biogas obtained from water and household garbage. A transmission machine is a component of a power transmission system. It's a mechanical engineering gadget that allows you to tailor a power supply to a specific application. A transmission gearbox uses gear and trains to produce speed and convert rotating power to specified applications. Transmissions are widely utilized in automobiles. It's also used pedal bicycles, fixed machines and other applications that demand variable rotating speeds and forces.

Market Dynamics

Growing shale gas production operations, more automation and a shift to energy efficiency in the oil & gas sector contribute to the market's expansion. High maintenance expenses and technical concerns such as production defects and incorrect installation hamper the market's growth.

The rise in shale gas activities

Growth in shale gas development is a key driver for the global transmission sales market. Shale gas production has resulted in a new abundance of natural gas due to ongoing technical improvement. The market for transmission sales has benefited from an expansion in the oil and gas industry, production activities, vehicle manufacturing and industrial facilities.

As energy is the foundation for driving any machinery, industrial facilities such as belt technology, chain technology and gear technology are extensively used in power transmission. The demand for transmission has also been influenced by wastewater control.

Growing demand from the power sector

The demand for transmission sales in the power industry is expanding as the market for wastewater treatment grows, which is a vital topic of research for the national government. The government is pushing for more wastewater treatment to be implemented. As a result, the need for transmission sales in the electricity sector is increasing.

Transmission sales equipment is vital for the oilfield's control and safety system. As a result of the growing frequency of oil spills worldwide, the need for the transmission industry has expanded. The transmission sales industry is fueled by oil and gas inverters. Compressors are used in the oil & gas sector for wellhead gas reinjection, hydrocarbon vapor recovery and onshore & offshore platforms.

High maintenance costs

With so many advantages, automated transmissions are more expensive than manual transmissions. Inside automatic transmission automobiles, various machinery systems work to provide a comfortable and smooth driving experience. Automatic transmissions require higher torque than manual gearboxes due to the increased mechanical complexity. This, in turn, impacts the vehicle's overall fuel usage.

Automobile manufacturers are working to improve the efficiency of automatic transmission engines. A major factor limiting the market's growth is the high investment in transmission machines and the transmission's limited capacity and faulty installation.

Market Segment Analysis

By end-user, the transmission sales market is segmented into oil & gas, power generation, water & wastewater management and others.

Rising demand for compressors in power generation

Compressors are required in power production plants for gas turbine power plants, ash conveying and fly ash management to provide maximum efficiency and operating reliability. The need for electricity is increasing, necessitating more power generation. This, combined with the necessity to replace and update existing power facilities, has led to the widespread use of gas turbines.

In the power generation industry, compressors are employed to maintain pipeline pressure. Furthermore, retrofit and modernization projects in Europe and North America are expected to enhance the transmission sales market's power generation segment.

Market Geographical Analysis

Expansion of oil & gas sector in Europe

Europe is estimated to lead the transmission sales market during the forecast period. The expansion of the oil & gas sector and rising investment in power generation are driving the market forward. Increased oil & gas exploration & production operations and industrial & competitive expansion in Eastern and Central Europe drive the region's growth.

The transmission sales market in Europe is characterized by rising privatization and a low-cost foundation. Power generation, oil & gas and water & wastewater management are the primary end-user categories driving the market in the area.

Market Competitive Landscape

Major global transmission sales market companies include Cummins, Caterpillar, Siemens SE, Gazprom, Mitsubishi Heavy Industries, Hyundai Heavy Industries, Atlas Copco, Ingersoll Rand, Bauer Kompressoren and GE Company.

COVID-19 Impact Analysis

The epidemic forced the shutdown of manufacturing plants globally, particularly in areas with strict lockdown measures. It resulted in a brief halt in transmission system manufacture, causing order fulfillment delays and sales slowdowns. The global supply chain for components used in transmission systems, including as gears, shafts and electronic controls, experienced substantial interruption.

Lockdowns, transit limitations, and a halt in raw material production all contributed to the interruptions, resulting in delays and increased expenses. The epidemic caused major raw material shortages, affecting transmission system manufacturing. The shortfall caused to increasing lead times and production costs, which further impacted the market.

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had a major impact on supply chains worldwide, including the transmission sales industry. Transmissions, being a vital part of automotive and industrial machinery, depend on a consistent availability of raw materials such as steel and aluminum. The conflict has caused disruptions in the availability of these materials.

Due to the sanctions imposed on Russia, a significant exporter of these materials, manufacturers worldwide have been facing shortages and higher costs. The issues have unfortunately led to delays in production, lower inventory levels, and higher prices for transmissions. This has had an impact on both the companies that make the products (OEMs) and the suppliers that provide products after the original purchase.

Furthermore, the war led to heightened tensions among nations, leading to a reorganization of trade routes and alliances. Some of the European companies have decided to change their sourcing strategy by shifting away from Russia and exploring other regions. Introducing this change has presented some difficulties for their supply chains.

Moreover, the ongoing conflict has exacerbated the energy crisis, leading to increased production costs for industries heavily dependent on energy, like automotive manufacturing. It's becoming more and more challenging to forecast and plan for the future because of the ever-present uncertainty and volatility in the market. Consequently, there has been a shift towards a more careful approach when it comes to investing in the transmission sales sector, resulting in a decrease in the growth rate.

By Compression Media

Air Compression

Gas Compression

By Type

Reciprocating Compressor

Rotatory Compressor

Centrifugal Compressor

By End-User

Oil and Gas

Power Generation

Water & Wastewater Management

Others

By Application

Artificial Lifts

Gas Processing Station

Others

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

South America

Brazil

Argentina

Rest of South America

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Middle East and Africa

Key Developments

In August 2022, Sauer compressors, a leading global provider of compressors, introduced the newest addition to their 6000 series. Our products are designed to ensure a perfect seal, thanks to the magnetic coupling that connects the electric motor and compressor.

In July 2022, Atlas Copco unveiled the ZR/ZT series compressors, which feature rotary screw compressor technology and come with a 100% oil-free certification. Additionally, these products are equipped with Z seal technology, which enhances cooling and energy efficiency.

Why Purchase the Report?

Visualize the composition of the transmission sales market segmentation by compression media, type, application, end-user and region, highlighting the critical power generation assets and players.

Identify commercial opportunities in the transmission sales market by analyzing trends and co-development deals.

Excel data sheet with thousands of transmission sales market-level 4/5 segmentation points.

Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global transmission sales market report would provide access to an approx. 69 market data tables, 62 figures and 213 pages.

Target Audience 2024

Transmission Sales Centrifugal Compressor Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Emerging Companies

Transmission Sales Manufacturers