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 : December, 2019 | 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 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 reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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