What can we expect from the Transmission Sales Market growth and size?
The global transmission sales market has seen significant growth in recent years. It is expected to grow from $17.96 billion in 2024 to $19.14 billion in 2025, at a compound annual growth rate (CAGR) of 6.6%. This strong growth during the historic period can be attributed to factors such as increasing vehicle demand, the imposition of fuel efficiency regulations, global economic trends, and changing consumer preferences.
Look forward, the transmission sales market size is set to see accelerated growth, with expectations to reach $25.64 billion in 2029 at a CAGR of 7.6%. This growth in the forecast period is likely to be fuelled by increasing adoption of electric vehicles, developments in autonomous vehicles, government policies, and global market expansion. Major forecasted trends include a shift towards automatic transmissions, dominance of electrification, advancements in driver assistance systems (ADAS), usage of lightweight materials, and integration of AI and machine learning, modular and scalable designs, and market consolidation.
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What is driving the growth of the Transmission Sales Market?
The transmission sales market is being driven by growing shale gas production activities. Shale gas, trapped natural gas found in shale rocks, plays a crucial role in transmission sales and storage as it needs to be transported over great distances via high-pressure pipelines. The process begins with the processing of shale gas, among other natural gases. For instance, in the first three quarters of 2021, 20 of the United States shale producers recorded a free cash flow of approximately $36 billion according to the Center for Strategic and International Studies.
What are the significant segments of the Transmission Sales Market?
The transmission sales market report covers the following segments:
1) By Type: Reciprocating, Rotary, Centrifugal, Axial Flow
2) By Compression Media: Air Compressor, Gas Compressor
3) By Application: Artificial Lift, Gas Processing Station, LNG And FPS, Storage And Facilities, Other Application
4) By End-User: Oil And Gas, Power Generation, Water And Wastewater Management, Other End User
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Who are the major players in the Transmission Sales Market?
Prominent companies operating in the global transmission sales market include Caterpillar Inc., Cummins Inc., PJSC Gazprom, Siemens AG, General Electric Company, Allison Transmission Inc., ZF Friedrichshafen AG, Mister Transmission Ltd., Lee Myles Autocare & Transmission, ABB Ltd., Schaeffler Technologies AG & Co. KG, Continental AG, Power Sales Group Inc., Duke Energy Corporation, Hyundai Heavy Industries Co. Ltd., Ingersoll Rand Inc., Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation plc, Toshiba Corporation, Hitachi Ltd., Alstom SA, CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Powell Industries Inc., S&C Electric Company, Eimco Electro-Mechanicals Co. Ltd., Emerson Electric Co., Prysmian Group S.p.A., Nexans S.A., NKT A/S, LS Cable & System Ltd.
What are the emerging trends in the Transmission Sales Market?
Technological advancement is a key trend in the transmission sales market. Major companies are focused on introducing new technologies in their product offerings to maintain their market position. For instance, in February 2023, GE Digital announced the launch of GridOS software for grid orchestration that integrates energy data, network modeling, and AI/ML-driven analytics.
Which is the largest regional market in the Transmission Sales Industry?
In 2024, Europe was the largest region in the global transmission sales market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Transmission Sales Market Report 2025 Offer?
Transmission sales refer to the process of transporting energy through simple machines, links, and mechanical power transmission components from its source to the location where it is utilized. Transmission sales facilitate efficient gas processing for control and safety systems. The Transmission Sales Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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