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

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



Companies Mentioned
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.
ZF Friedrichshafen AG