Press Release
Energy News

Transmission Sales Market Expected to Grow at 18.7 Billion In Revenue by 2024

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A fresh report titled Transmission Sales Market delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 135 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

The Transmission Sales Market is projected to reach US$ 18.7 Billion by 2024, from an estimated US$ 15.2 Billion in 2019, at a CAGR of 4.2%.

Major Vendors profiled in the Transmission Sales Market:

  • aterpillar Inc. (US)
  • GE (US)
  • Siemens (Germany)
  • Gazprom (Russia)
  • Cummins (US)

The rotary type segment is expected to be the fastest growing fuel segment of the transmission sales market from 2019 to 2024. The compressor is also addressed to as screw compressors. As the name suggests, instead of any piston, the rotating motion of the meshing helical screws, known as rotors, is used to compress the gas. Rotary compressors are used for applications including gas gathering and processing in refineries and plants.

The Oil & Gas segment is expected to be the largest market during the forecast period. Oil & gas upstream sector includes use of compressors for hydrocarbon vapor recovery, wellhead gas reinjection, onshore and offshore platforms, and FPSO (Floating, Production, Storage, and Offloading) vessels. In the oil & gas midstream sector, screw compressors are used for natural gas boosting and gathering natural gas, decanting, separation, natural gas and CO2 dehydration, and gas offloading.

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“Asia Pacific”: The fastest market for the transmission sales market.”

Asia Pacific is currently the largest transmission sales market, followed by North America and Europe. Asia Pacific is projected to grow at the highest CAGR, from 2019 to 2024. The major end-users for compressors in the region include the water & wastewater management, power plants, chemicals & petrochemicals, and oil & gas. Rising disposable income, growing demand for energy, and increasing foreign investments are the major factors driving the industrial growth at a high rate in these countries, which would result in higher demand for compressors, thereby driving the transmission sales market during the forecast period.

Study Objectives:

  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the transmission sales market with respect to major regions (North America, Europe, Asia Pacific, Middle East & Africa, and South America)
  • To define, describe, and forecast the transmission sales market based on type, compression media, end-user, application, and region
  • To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the trasnmission sales market with respect to individual growth trends, future expansions, and contributions to the market
  • To analyze competitive developments such as mergers & acquisitions, expansions, new product developments, and contracts & agreements in the field of the Transmission sales market

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Competitive Landscape of Transmission Sales Market:

1 Overview

2 Market Share, 2018

3 Competitive Scenario

3.1 New Product Launches

3.2 Contracts & Agreements

3.3 Mergers & Acquisitions

3.4 Investments & Expansions

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