Press release
Transmission Sales Global Market Expected to Grow to $21.78 Billion at a CAGR of 6.6% By 2027 | Key Players: Caterpillar Inc., Cummins Inc., PJSC Gazprom, Siemens AG, General Electric Company
Transmission Sales Market
The Business Research Company's Transmission Sales Global Market Report 2023 identifies the growing shale gas production activities are expected to propel the growth of the transmission sales market going forward. Shale gas refers to trapped natural gas found in shale rocks. Shale gas production helps with transmission sales and storage as natural gas is transported over great distances through high-pressure pipelines.
The global transmission sales market size will grow from $15.79 billion in 2022 to $16.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global transmission sales is expected to grow to $21.78 billion in 2027 at a CAGR of 6.6%.
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Major players in the transmission sales market are Caterpillar Inc., Cummins Inc., PJSC Gazprom, Siemens AG, General Electric Company, Allison Transmission, ZF Friedrichshafen AG, Mister Transmission Ltd., Lee Myles Autocare & Transmission, ABB Group, Schaeffler Technologies AG & Co. KG, Continental AG, Power Sales Group, Duke Energy, Hyundai Heavy Industries Co. Ltd., and Ingersoll Rand Inc.
Technological advancement is the key trend gaining popularity in the transmission sales market. Major companies operating in transmission sales are involved in introducing new technologies in their product offerings to sustain their position in the transmission sales market.
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The Transmission Sales market is segmented -
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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Transmission Sales market.
The Business Research Company's "Global Transmission Sales Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transmission Sales Market Include:
1. Executive Summary
2. Transmission Sales Market Characteristics
3. Transmission Sales Market Trends And Strategies
4. Transmission Sales Market - Macro Economic Scenario
5. Transmission Sales Market Size And Growth
……
27. Transmission Sales Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transmission Sales Market
29. Transmission Sales Market Future Outlook and Potential Analysis
30. Appendix
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