Global Transmission Sales Market By Compression Media, By Type, By Application, By End-User, By Region: Global Insights, Growth, Size, Comparative Analysis, Trends and Forecasts, 2015 – 2031
- Industry: Technology
- Report ID: TNR-110-916
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 9+
- No. of Countries : 29
- Views : 10278
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
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
Report Specifications | Details |
Market Revenue in 2022 | US$ 17.64 Billion |
Market Size Forecast by 2031 | US$ 23.24 Billion |
Growth Rate (CAGR) | 5.6% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Compression Media, By Type, By Application, By End-User |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | 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 |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
Japan (Toll-Free): – +81 663-386-8111 South Korea (Toll-Free): – +82-808- 703-126 Saudi Arabia (Toll-Free): – +966 800 850 1643 United States: +1 302-232-5106 United Kingdom: +447537105080 E-mail: askanexpert@thenicheresearch.com
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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
**Exclusive for Multi-User and Enterprise User.
Global Transmission Sales Market Segmentation
By Compression Media
By Type
By Application
By End-User
By Region
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
- Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.