PUBLISHER: The Business Research Company | PRODUCT CODE: 1392943
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392943
Transmission Sales Global Market Report 2024
“Transmission Sales Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on transmission sales market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for transmission sales? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The transmission sales market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Reciprocating; Rotary; Centrifugal; Axial Flow
- 2) By Compression Media: Air Compressor; Gas Compressor
- 3) By Application: Artificial Lift; Gas Processing Station; LNG and FPS; Storage and Facilities; Other Application
- 4) By End-User: Oil and Gas; Power Generation; Water and Wastewater Management; Other End User
- Companies Mentioned: Caterpillar Inc.; Cummins Inc.; PJSC Gazprom; Siemens AG; General Electric Company
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Transmission sales encompass the process of conveying energy through simple machines, links, and mechanical power transmission components from its source to the point where it is utilized for performing work. In the context of gas processing, transmission sales play a crucial role in ensuring efficient control and safety systems.
The primary types of transmission sales include reciprocating, rotary, centrifugal, and axial flow. Reciprocating transmission sales equipment pertains to devices that convert circular motion into reciprocating motion or vice versa during the transmission of energy. The compression media involved encompass air compressors and gas compressors. Applications for reciprocating transmission sales span artificial lifts, gas processing stations, LNG and FPS, storage and facilities, and other relevant areas. Furthermore, the end-users of these transmission sales components include industries such as oil and gas, power generation, water and wastewater management, among others.
The transmission sales market research report is one of a series of new reports from The Business Research Company that provides transmission sales market statistics, including transmission sales industry global market size, regional shares, competitors with a transmission sales market share, detailed transmission sales market segments, market trends and opportunities, and any further data you may need to thrive in the transmission sales industry. This transmission sales market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The transmission sales market size has grown strongly in recent years. It will grow from $16. 86 billion in 2023 to $18 billion in 2024 at a compound annual growth rate (CAGR) of 6. 8%. The growth observed in the historical period can be attributed to factors such as vehicle demand, adherence to fuel efficiency regulations, global economic trends, and consumer preferences.
The transmission sales market size is expected to see strong growth in the next few years. It will grow to $23. 49 billion in 2028 at a compound annual growth rate (CAGR) of 6. 9%. The anticipated growth in the forecast period can be attributed to the adoption of electric vehicles, advancements in autonomous vehicles, government policies influencing the automotive industry, and the expansion of the global market. Significant trends expected in this period encompass a shift towards automatic transmissions, the dominance of electrification, the integration of advanced driver assistance systems (ADAS), the use of lightweight materials, incorporation of artificial intelligence (AI) and machine learning, adoption of modular and scalable designs, and market consolidation.
The anticipated growth in shale gas production activities is set to drive the expansion of the transmission sales market. Shale gas, found trapped in shale rocks, is crucial for transmission sales and storage, facilitating the transport of natural gas over long distances through high-pressure pipelines. The process begins with the processing of shale gas, among other natural gases. In the first three quarters of 2021, 20 shale producers in the United States reported earning a free cash flow of approximately $36 billion, as stated by the Center for Strategic and International Studies, a US-based non-profit organization. Hence, the increasing shale gas production activities are fueling the growth of the transmission sales market.
The anticipated rise in demand for power generation is expected to drive the growth of the transmission sales market. Power generation involves generating electrical energy from various sources like fossil fuels, nuclear energy, and renewable sources. Transmission sales are integral to power generation, providing compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring optimal efficiency and operational reliability. In 2021, global energy demand recorded a 6% increase, as per the International Energy Agency's report released in January 2022. The substantial growth of over 1,500 terawatt-hours marked the largest absolute increase ever, with an average annual electricity demand expected to rise by 2. 7% for the years 2022-2024. Therefore, the surging demand for power generation is steering the growth of the transmission sales market.
Technological advancement is a prominent trend gaining momentum in the transmission sales market. Leading companies in transmission sales are actively incorporating new technologies into their product offerings to maintain a competitive position. In August 2021, Siemens Energy, a Germany-based gas and power production company, introduced SenseSolution with SensSolution technology. This power transmission solution incorporates cloud connectivity and a dedicated app for operations, allowing secure transmission of substation data to the cloud. SenseSolution enables operators to evaluate, monitor, and support system operations in real-time, providing access to all substation data on a cloud-based platform for comprehensive insights.
Major companies in the transmission sales market are concentrating on introducing advanced power transmission solutions, like portable air compressors, to gain a competitive advantage. A portable air compressor is a compact and transportable compressed air solution used in construction sites, road works, or situations where a stationary compressor is impractical. Atlas Copco India, in September 2022, launched the X-Air 850-290 portable air compressor designed for the water well drilling and coal mining industries. This compressor, mounted on trucks or excavators, operates at two pressures and offers cost-effective drilling and blasting capabilities. Compared to its contemporary XR1000/1100, the X-Air 850-290 is 32% smaller, 13% lighter, and 30% more fuel-efficient. Its key features include an advanced XC2003 controller, remote monitoring capability, ease of maintenance, compact size, and high resale value.
In April 2022, Allison Transmission, a US-based designer and manufacturer of vehicle propulsion solutions, acquired the transmission portfolio of AVTEC Ltd. 's off-highway business and AVTEC's Madras Export Processing Zone (MEPZ) off-highway component machining business for an undisclosed amount. This acquisition is expected to accelerate Allison's pursuit of opportunities in India and globally, offering specific performance and productivity solutions. AVTEC Ltd., based in India, is a manufacturer of automotive transmission and powertrain components.
Major companies operating in the in the transmission sales market report are Caterpillar Inc., Cummins Inc., PJSC Gazprom, Siemens AG, General Electric Company, Allison Transmission Inc., ZF Friedrichshafen AG, Mister Transmission Ltd., Lee Myles Autocare & Transmission, ABB Ltd., Schaeffler Technologies AG & Co. KG, Continental AG, Power Sales Group Inc., Duke Energy Corporation, Hyundai Heavy Industries Co. Ltd., Ingersoll Rand Inc., Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation plc, Toshiba Corporation, Hitachi Ltd., Alstom SA, CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Powell Industries Inc., S&C Electric Company, Eimco Electro-Mechanicals Co. Ltd., Emerson Electric Co., Prysmian Group S. p. A., Nexans S. A., NKT A/S, LS Cable & System Ltd.
Europe was the largest region in the global transmission sales market in 2023. The regions covered in the transmission sales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the transmission sales market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The transmission sales market includes revenues earned by entities by providing services such as manual transmission, automatic transmission, continuously variable transmission, semi-automatic transmission, and dual-clutch transmission. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Transmission Sales Market Characteristics
3. Transmission Sales Market Trends And Strategies
4. Transmission Sales Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global Transmission Sales Market Size and Growth
- 5.1. Global Transmission Sales Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Transmission Sales Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Transmission Sales Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Transmission Sales Market Segmentation
- 6.1. Global Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Reciprocating
- Rotary
- Centrifugal
- Axial Flow
- 6.2. Global Transmission Sales Market, Segmentation By Compression Media, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Air Compressor
- Gas Compressor
- 6.3. Global Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Artificial Lift
- Gas Processing Station
- LNG and FPS
- Storage and Facilities
- Other Application
- 6. 4. Global Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Oil and Gas
- Power Generation
- Water and Wastewater Management
- Other End User
7. Transmission Sales Market Regional And Country Analysis
- 7.1. Global Transmission Sales Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Transmission Sales Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Transmission Sales Market
- 8.1. Asia-Pacific Transmission Sales Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8. 4. Asia-Pacific Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Transmission Sales Market
- 9.1. China Transmission Sales Market Overview
- 9.2. China Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9. 4. China Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Transmission Sales Market
- 10.1. India Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Transmission Sales Market
- 11.1. Japan Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.2. Japan Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Transmission Sales Market
- 12.1. Australia Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Transmission Sales Market
- 13.1. Indonesia Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Transmission Sales Market
- 14.1. South Korea Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.2. South Korea Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Transmission Sales Market
- 15.1. Western Europe Transmission Sales Market Overview
- 15.2. Western Europe Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15. 4. Western Europe Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Transmission Sales Market
- 16.1. UK Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Transmission Sales Market
- 17.1. Germany Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Transmission Sales Market
- 18. 5. France Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 6. France Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18. 7. France Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Transmission Sales Market
- 19. 9. Italy Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.10. Italy Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.11. Italy Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Transmission Sales Market
- 20.13. Spain Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.14. Spain Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.15. Spain Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Transmission Sales Market
- 21.1. Eastern Europe Transmission Sales Market Overview
- 21.2. Eastern Europe Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21. 4. Eastern Europe Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Transmission Sales Market
- 22.1. Russia Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Transmission Sales Market
- 23.1. North America Transmission Sales Market Overview
- 23.2. North America Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23. 4. North America Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Transmission Sales Market
- 24.1. USA Transmission Sales Market Overview
- 24.2. USA Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24. 4. USA Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Transmission Sales Market
- 25.1. Canada Transmission Sales Market Overview
- 25.2. Canada Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25. 4. Canada Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Transmission Sales Market
- 26.1. South America Transmission Sales Market Overview
- 26.2. South America Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26. 4. South America Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Transmission Sales Market
- 27.1. Brazil Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Transmission Sales Market
- 28.1. Middle East Transmission Sales Market Overview
- 28.2. Middle East Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28. 4. Middle East Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Transmission Sales Market
- 29.1. Africa Transmission Sales Market Overview
- 29.2. Africa Transmission Sales Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Transmission Sales Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29. 4. Africa Transmission Sales Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Transmission Sales Market Competitive Landscape And Company Profiles
- 30.1. Transmission Sales Market Competitive Landscape
- 30.2. Transmission Sales Market Company Profiles
- 30.2.1. Caterpillar Inc.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1. 4. Financial Performance
- 30.2.2. Cummins Inc.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2. 4. Financial Performance
- 30.2.3. PJSC Gazprom
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3. 4. Financial Performance
- 30.2. 4. Siemens AG
- 30.2. 4.1. Overview
- 30.2. 4.2. Products and Services
- 30.2. 4.3. Strategy
- 30.2. 4. 4. Financial Performance
- 30.2. 5. General Electric Company
- 30.2. 5.1. Overview
- 30.2. 5.2. Products and Services
- 30.2. 5.3. Strategy
- 30.2. 5. 4. Financial Performance
- 30.2.1. Caterpillar Inc.
31. Global Transmission Sales Market Competitive Benchmarking
32. Global Transmission Sales Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transmission Sales Market
34. Transmission Sales Market Future Outlook and Potential Analysis
- 34.1 Transmission Sales Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Transmission Sales Market In 2028 - Segments Offering Most New Opportunities
- 34. 3 Transmission Sales Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35. 4. Research Inquiries
- 35. 5. The Business Research Company
- 35. 6. Copyright And Disclaimer
