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, 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?