Transmission Sales Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Transmission Sales Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Energy & Mining | PPT format

Report Digest


Global Transmission Sales Market: Overview

The oil and gas industry has evolved into an immensely lucrative sector. The complexity of operations across the oil industry has led to the development of customized, cutting-edge technologies. Concerns related to the safety of oilrigs have prompted operators to induct the latest technologies. This factor has led to increased demand within the global transmission sales market. Displacement dynamics of oil mines play an important role in deciding the technology that needs immediate deployed. Therefore, the multifaceted utility of transmission sales equipment across oilfields has also aided market growth.

Transmission sales equipment is an important component of the safety and control system across oilfields. The need to avert the incidence of oil spills has generated tremendous demand within the global transmission sales market. Furthermore, pollution caused by the oil and gas industry has also generated global outrage. This has compelled oilfield operators to induct transmission sales equipment. The total volume of revenues in this market is expected to grow as the oil industry becomes a brewing avenue for investment.

A team of analysts at TMR Research (TMR) looked into several end-use industries of transmission sales equipment to find the prospects of market growth. The global transmission sales market can be segmented on the basis of the following parameters: type, application, compression media, end-users, and region. On the basis of application, the use of transmission sales for gas storage has gained prominence.

Global Transmission Sales Market: Notable Developments

Advancements in the oil industry, coupled with the need for wastewater treatments across the industrial sector, has led to several key market developments.

  • Mitsubishi Heavy Industries Compressor Corporation (MCO) entered into a joint venture with Mitsubishi Corporation to establish a new manufacturing base in South Korea. The primary purpose of the collaboration is to foster integrity across the organization, and offer easy access to Korean customers. The bar of competition across the transmission sales market has gone a notch higher with this move.
  • Contracts for manufacturing compression trains and compressors have helped market players in achieving sustainable growth. Siemens has emerged as a prominent player that has succeeded in catering to its commitments related to regional projects. The company’s strategies have set afoot key plans and developments across the market.

Other leading vendors in the global transmission sales market are:

  • GE (US)
  • Caterpillar, Inc. (US)
  • Gazprom (Russia)
  • Cummins (US)
  • Siemens (Germany)

Global Transmission Sales Market: Growth Drivers

  • Need for Water and Wastewater Management

The residential, commercial, and industrial sectors are battling the cons of improper management of water and wastewater. This factor has compelled regional authorities to install water management systems across different tiers. Hence, the global transmission sales market is slated to reach fruition in terms of growth optimization.

  • Power Generation

The power sector has shown staunch determination in inducting and managing new power generation technologies. This factor is majorly responsible for the growing relevance of transmission sales equipment across power generation units. Furthermore, use of improved systems across power utilities has also driven market demand.

Global Transmission Sales Market: Regional Outlook

Based on regions, the global transmission sales market is segmented into Latin America, the Middle East and Africa, Europe, Asia Pacific, and Europe. The market for transmission sales in the Middle East is expanding alongside advancements in oilfield technologies.

On the basis of type, the transmission sales market has been segmented as follows:

  • Reciprocating
  • Rotary
  • Centrifugal
  • Axial Flow

On the basis of application, the transmission sales market has been segmented as follows:

  • Artificial Lift
  • Gas Processing Station
  • LNG & FPS
  • Storage & Facilities
  • Others

On the basis of end-user, the transmission sales market has been segmented as follows:

  • Oil & Gas
  • Power Generation
  • Water & Wastewater Management
  • Others

On the basis of compression media, the transmission sales market has been segmented as follows:

  • Air Compressor
  • Gas Compressor

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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