PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351098
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1351098
Transmission Sales Market Forecasts to 2030 - Global Analysis By Type (Reciprocating, Rotary, Centrifugal and Axial Flow), Compression Media (Air Compressor and Gas Compressor), Application, End User and By Geography
According to Stratistics MRC, the Global Transmission Sales Market is accounted for $19.33 billion in 2023 and is expected to reach $29.45 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Transmission sales equipment is used for avoiding contamination of processed gas processing biogas which is derived from water and residential waste. By processing the gas effectively for control and safety systems, maintaining proper pressure levels, recovering and recompressing the processed gas, processing biogas made from household waste and water, and avoiding contamination of the processed gas, transmission sales can pressurise and accumulate the gas inside a pipeline. These are used in many end-use industries such as power generation, oil and gas, wastewater and water management, chemicals and petrochemicals, automotive, food and beverage, mining and metals and construction.
Market Dynamics:
Driver:
Increasing shale gas activity
Natural gas that is trapped inside shale rocks is known as shale gas. Transmission sales play a crucial role in the transportation of natural gas from individual producing well sites to end customers through the network of natural gas pipelines. Distance, friction, and elevation variations all cause the natural gas to travel more slowly and lose pressure as it passes through a pipeline. The market is expanding because of its size, flexibility, durability, and efficiency.
Restraint:
High cost of adoption
Installation costs for the most recent transmission systems, including DCT and CVT, are more than those for traditional gearbox systems. This is mostly a result of customers favouring cost-effectiveness above performance. The market for these systems has been restricted by their higher prices in nations where initial cost is more important than comfort or efficiency. As a result, businesses must invest in R&D to create these superior transmission systems at a lower cost.
Opportunity:
Growing oil & gas sector
The oil and gas sector has developed into a highly lucrative industry. The complexity of oil industry operations has led to the development of specialised, cutting-edge technology. Operators have used cutting-edge technologies because of concerns about the safety of oil rigs. This has led to a rise in demand on the global market for gearbox sales. Which technology needs to be used immediately now depends on the displacement dynamics of oil mines. The various usefulness of gearbox sales equipment throughout oilfields has so aided market expansion.
Threat:
Requires specialized maintenance
Compressors require oil, and before operation, it is important to make sure they have an enough supply. A compressor has to have its oil changed, filters cleaned, and its cooler examined every three months. A minimum of once a year, its filters must be changed. When refuelling the oil, caution must be exercised if the level has fallen. The market demand is being hampered by the constant replacement and upkeep.
COVID-19 Impact:
The epidemic has had a detrimental impact on the market for transmission sales. The worldwide supply chain was hampered, and many nations saw a decline in the market for gearbox sales. The COVID-19 pandemic epidemic, which had an impact on the market for transmission sales, caused a decline in transmission and distribution. As the oil and gas sectors were shut down, oil prices fell. It had an impact on the market for transmission sales since it reduced the demand for offshore drilling rigs.
The reciprocating segment is expected to be the largest during the forecast period
The reciprocating segment is estimated to have a lucrative growth. A positive displacement device known as a reciprocating compressor employs a piston to compress the gas and deliver it at high pressure. Piston compressors are another name for these compressors. In a manufacturing plant, they are frequently among the most expensive and important systems, thus they require careful consideration. Applications for reciprocating compressors include gas transmission pipelines, petrochemical facilities, refineries, and many other sectors.
The power generation segment is expected to have the highest CAGR during the forecast period
The power generation segment is anticipated to witness the fastest CAGR growth during the forecast period. In the power generating industry, compressors are employed to keep pipeline pressure constant. Compressors are needed in power generation facilities to ensure the best efficiency and operational dependability for gas turbine power plants, ash conveying, and fly ash management. The need for more power generation is being driven by the increase in energy consumption. The significant usage of gas turbine power plants is a result of this, along with the requirement to replace and update existing power plants.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. In the region, compressors are widely utilised in the management of water and wastewater, power plants, chemicals and petrochemicals, and oil and gas. The main factors accelerating rapid market development in these countries include rising disposable income, rising energy consumption, and growing foreign investments. As a consequence, there is a surge in demand for compressors, which will drive the transmission sales market throughout the projection period.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. The market is being driven ahead by the expansion of the oil and gas industry as well as increased investments in power generation. The transmission sales market in Europe is being driven by increased oil and gas exploration and production activities, as well as industrial and competitive growth in Eastern and Central Europe. This market is characterized by growing privatization and a low-cost basis. The main end-user sectors driving the market in the region are power production, oil and gas, and water and wastewater management.
Key players in the market:
Some of the key players profiled in the Transmission Sales Market include: Siemens, Cummins, Caterpillar, General Electric, Ariel Corporation, Gazprom, Mitsubishi Heavy Industries, HMS Group, Atlas Copco, Ingersoll Rand, Bauer Kompressoren, Hyundai Heavy Industries, Aisin Seiki Co., Ltd., Getrag, Allison Transmission, Inc., Eaton Corporation PLC, BorgWarner Inc., Continental AG, Magna International, Inc. and ZF Friedrichshafen AG.
Key Developments:
In June 2019, Atlas Copco has acquired a Pennsylvania-based distributor of compressors, namely, Taylor Air Center. The company has around 20 employees and is located within the densely populated Lehigh Valley in Pennsylvania in the US.
Types Covered:
- Reciprocating
- Rotary
- Centrifugal
- Axial Flow
Compression Medias Covered:
- Air Compressor
- Gas Compressor
Applications Covered:
- Artificial Lift
- Gas Processing Station
- LNG & FPS
- Storage & Facilities
- Other Applications
End Users Covered:
- Oil & Gas
- Power Generation
- Water & Wastewater Management
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Transmission Sales Market, By Type
- 5.1 Introduction
- 5.2 Reciprocating
- 5.3 Rotary
- 5.4 Centrifugal
- 5.5 Axial Flow
6 Global Transmission Sales Market, By Compression Media
- 6.1 Introduction
- 6.2 Air Compressor
- 6.3 Gas Compressor
7 Global Transmission Sales Market, By Application
- 7.1 Introduction
- 7.2 Artificial Lift
- 7.3 Gas Processing Station
- 7.4 LNG & FPS
- 7.5 Storage & Facilities
- 7.6 Other Applications
8 Global Transmission Sales Market, By End User
- 8.1 Introduction
- 8.2 Oil & Gas
- 8.3 Power Generation
- 8.4 Water & Wastewater Management
- 8.5 Other End Users
9 Global Transmission Sales Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Siemens
- 11.2 Cummins
- 11.3 Caterpillar
- 11.4 General Electric
- 11.5 Ariel Corporation
- 11.6 Gazprom
- 11.7 Mitsubishi Heavy Industries
- 11.8 HMS Group
- 11.9 Atlas Copco
- 11.10 Ingersoll Rand
- 11.11 Bauer Kompressoren
- 11.12 Hyundai Heavy Industries
- 11.13 Aisin Seiki Co., Ltd.
- 11.14 Getrag
- 11.15 Allison Transmission, Inc.
- 11.16 Eaton Corporation PLC
- 11.17 BorgWarner Inc.
- 11.18 Continental AG
- 11.19 Magna International, Inc.
- 11.20 ZF Friedrichshafen AG
List of Tables
- Table 1 Global Transmission Sales Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 4 Global Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 5 Global Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 6 Global Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 7 Global Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 8 Global Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 9 Global Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 10 Global Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 11 Global Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 12 Global Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 13 Global Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 14 Global Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 15 Global Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 16 Global Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 17 Global Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 18 Global Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 19 Global Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 20 Global Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 21 North America Transmission Sales Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 23 North America Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 24 North America Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 25 North America Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 26 North America Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 27 North America Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 28 North America Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 29 North America Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 30 North America Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 31 North America Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 32 North America Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 33 North America Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 34 North America Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 35 North America Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 36 North America Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 37 North America Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 38 North America Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 39 North America Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 40 North America Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 41 Europe Transmission Sales Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 43 Europe Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 44 Europe Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 45 Europe Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 46 Europe Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 47 Europe Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 48 Europe Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 49 Europe Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 50 Europe Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 51 Europe Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 52 Europe Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 53 Europe Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 54 Europe Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 55 Europe Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 56 Europe Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 57 Europe Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 58 Europe Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 59 Europe Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 60 Europe Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 61 Asia Pacific Transmission Sales Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 64 Asia Pacific Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 65 Asia Pacific Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 66 Asia Pacific Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 67 Asia Pacific Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 68 Asia Pacific Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 69 Asia Pacific Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 70 Asia Pacific Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 71 Asia Pacific Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 72 Asia Pacific Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 73 Asia Pacific Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 74 Asia Pacific Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 75 Asia Pacific Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 76 Asia Pacific Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 77 Asia Pacific Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 78 Asia Pacific Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 79 Asia Pacific Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 80 Asia Pacific Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 81 South America Transmission Sales Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 83 South America Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 84 South America Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 85 South America Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 86 South America Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 87 South America Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 88 South America Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 89 South America Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 90 South America Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 91 South America Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 92 South America Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 93 South America Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 94 South America Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 95 South America Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 South America Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 97 South America Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 98 South America Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 99 South America Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 100 South America Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 101 Middle East & Africa Transmission Sales Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa Transmission Sales Market Outlook, By Type (2021-2030) ($MN)
- Table 103 Middle East & Africa Transmission Sales Market Outlook, By Reciprocating (2021-2030) ($MN)
- Table 104 Middle East & Africa Transmission Sales Market Outlook, By Rotary (2021-2030) ($MN)
- Table 105 Middle East & Africa Transmission Sales Market Outlook, By Centrifugal (2021-2030) ($MN)
- Table 106 Middle East & Africa Transmission Sales Market Outlook, By Axial Flow (2021-2030) ($MN)
- Table 107 Middle East & Africa Transmission Sales Market Outlook, By Compression Media (2021-2030) ($MN)
- Table 108 Middle East & Africa Transmission Sales Market Outlook, By Air Compressor (2021-2030) ($MN)
- Table 109 Middle East & Africa Transmission Sales Market Outlook, By Gas Compressor (2021-2030) ($MN)
- Table 110 Middle East & Africa Transmission Sales Market Outlook, By Application (2021-2030) ($MN)
- Table 111 Middle East & Africa Transmission Sales Market Outlook, By Artificial Lift (2021-2030) ($MN)
- Table 112 Middle East & Africa Transmission Sales Market Outlook, By Gas Processing Station (2021-2030) ($MN)
- Table 113 Middle East & Africa Transmission Sales Market Outlook, By LNG & FPS (2021-2030) ($MN)
- Table 114 Middle East & Africa Transmission Sales Market Outlook, By Storage & Facilities (2021-2030) ($MN)
- Table 115 Middle East & Africa Transmission Sales Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 116 Middle East & Africa Transmission Sales Market Outlook, By End User (2021-2030) ($MN)
- Table 117 Middle East & Africa Transmission Sales Market Outlook, By Oil & Gas (2021-2030) ($MN)
- Table 118 Middle East & Africa Transmission Sales Market Outlook, By Power Generation (2021-2030) ($MN)
- Table 119 Middle East & Africa Transmission Sales Market Outlook, By Water & Wastewater Management (2021-2030) ($MN)
- Table 120 Middle East & Africa Transmission Sales Market Outlook, By Other End Users (2021-2030) ($MN)
