Global Transmission Sales Market was Valued at US$ 17.64 Billion in 2022, Growing at an Estimated CAGR of 5.6% from 2023-2031.

Transmission sales refer to the process of selling mechanical systems that transmit power from an engine to various components, enabling motion and functionality in vehicles and machinery. These sales involve providing gearboxes, clutches, and related components to industries like automotive, industrial equipment, and aerospace, supporting efficient power transfer and operation.

Gas compression is dominating the global transmission sales market by compression media. Industries like oil and gas heavily rely on gas compression systems for transporting natural gas across pipelines. A report by the U.S. Energy Information Administration highlighted that natural gas accounted for 38% of total U.S. energy consumption in 2020, showcasing the dominance of gas compression systems in energy infrastructure.

Global Transmission Sales Market Revenue & Forecast, (US$ Million), 2015 – 2031

COVID-19 Impact Analysis on Global Transmission Sales Market

Before the pandemic, the transmission sales market was steady, driven by industrial expansion and energy demands. Industries like automotive, manufacturing, and oil relied on transmission systems for smooth operations. The COVID-19 pandemic disrupted supply chains and dampened industrial activity, impacting transmission sales. While energy sectors faced initial setbacks, the recovery drive for sustainable infrastructure and the automotive industry’s rebound have reignited demand for transmission systems, gradually restoring market growth.

Escalating energy demand acts as a key driver in the transmission sales market. The International Energy Agency projected a 30% increase in global energy demand by 2040. This drives the need for efficient transmission systems to transport energy across vast distances. As renewable energy sources expand, transmission lines become crucial to deliver power from remote generation sites to consumption centers, thus propelling the demand for transmission sales in response to the evolving energy landscape. Economic fluctuations pose a significant restraint in the Transmission Sales Market. A survey highlighted that 85% of executives consider economic uncertainty a top challenge. Fluctuations affect industries like automotive and manufacturing, impacting their investments in new transmission systems. Economic downturns can lead to delayed projects, reduced budgets, and hesitant spending, thereby restraining transmission sales market growth as industries cautiously navigate uncertain financial landscapes.

The power generation sector is dominating the global transmission sales market by end-user. A report by the International Energy Agency highlighted that global electricity demand grew by 1.9% in 2021. Power generation industries rely on transmission systems to distribute electricity efficiently from generation sources to consumers, solidifying their dominant position in driving transmission sales.

North America accounted for highest share in global transmission sales market in 2022. The U.S. Energy Information Administration reported that the U.S. accounts for more than 160,000 miles of high-voltage transmission lines. The region’s established energy infrastructure, along with ongoing investments in upgrading and expanding transmission networks, solidifies its dominant position in the market.

Competitive Landscape

Some of the players operating in the global transmission sales market are

• Ariel Corporation
• Atlas Copco Group
• BAUER COMP Holding GmbH
• Caterpillar
• Cummins Inc.
• General Electric
• HD HYUNDAI HEAVY INDUSTRIES CO., LTD.
• HMS HYDRAULIC MACHINES & SYSTEMS GROUP PLC
• Ingersoll Rand
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Siemens
• Other Industry Participants

Report Summary of Global Transmission Sales Market

Global Transmission Sales Market

By Compression Media

• Air Compression
• Gas Compression

By Type

• Reciprocating Compressor
• Rotary Compressor
• Centrifugal Compressor
• Axial Flow Compressor

By Application

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

By End-User

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

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Report Coverage and Deliverables: LINK

Table of Contents

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Global Transmission Sales Market Segmentation

By Compression Media

By Type

By Application

By End-User

By Region

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