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 : October, 2022 | Energy & Mining

Report Digest


Global Transmission Sales Market: Snapshot

Various pieces of transmission equipment are used across the oilfields as they play a crucial role as a component of safety and control system across the oilfields. Furthermore, transmission equipment proves to be useful in averting oil spill which can be hazardous. Thus, the demand for transmission equipment has increased in oil and gas industry. The growing demand has thereby, propelled the growth of transmission sales equipment.

The operations in oil and gas industry are complex. Hence, there are concerns related to safety

of oiling which need to be addressed. This factor has induced the inclination towards use of safe procedures and increased the demand for transmission sales equipment. This aspect has generated substantial growth for transmission sales equipment market.

Pollution caused during the operational processes of oil and mining industries has been a matter of global concern. This factor has promoted the induction of transmission sales equipment by oilfield operators. The rise in demand for transmission equipment has boosted the growth of transmission sales equipment market.

Rapid industrialization has led to use of novel technologies by oil and gas industries such as water treatments which has promoted major developments in the transmission sales equipment market. The need for waste water management due to growing urban population has compelled the regional bodies to install effective and efficient water management systems. Hence, in terms of growth optimization the global transmission sales equipment market is projected to exhibit a substantial growth trajectory.

New power technologies are on a rise in the power sector. In addition, they are adopting the relevant use of transmission sales equipment in their improved systems across power utilities. This factor has augmented the growth of transmission sales equipment market.

The advancements in oilfield technologies has led to growing relevance of transmission sales equipment in the applications and fostered the growth of transmission sales equipment market. This has generated growth opportunities for various end-use industries. The key players are focusing on establishing new manufacturing base to meet the increasing demand for transmission sales equipment. Contracts for manufacturing has helped the market players to achieve sustainable growth. The players are collaborating with mergers and acquisitions, joint ventures and partnership firms to offer easy access to consumers. They are indulging into setting strategies and plans for maintaining their dominance across the transmission sales equipment market.

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.