Press release
Transmission Sales Market Report 2024: Strategies And Recent Developments
Transmission Sales Market
The Business Research Company offers in-depth market insights through Transmission Sales Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The transmission sales market size has grown strongly in recent years. It will grow from $16.86 billion in 2023 to $18 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to vehicle demand, fuel efficiency regulations, global economic trends, consumer preferences.
The transmission sales market size is expected to see strong growth in the next few years. It will grow to $23.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to electric vehicle adoption, autonomous vehicles, government policies, global market expansion. Major trends in the forecast period include shift to automatic transmissions, electrification dominance, advanced driver assistance systems (adas), lightweight materials, ai and machine learning integration, modular and scalable designs, market consolidation.
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Market Segmentation:
The transmission sales market covered in this report 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
Major Driver - Shale Gas Production Boosts Transmission Sales Market
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. It begins with the processing of shale gas, among other natural gases. For instance, in January 2022, according to the Center for Strategic and International Studies, a US-based non-profit organization, in the first three quarters of 2021, 20 of the United States shale producers earned a free cash flow of around $36 billion. Therefore, the growing shale gas production activities are driving the growth of the transmission sales market.
Competitive Landscape:
Major companies operating in the transmission sales market report are 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.
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Top Trend - Technological Advancements Drive Transmission Sales Market Growth
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. For instance, in August 2021, Siemens Energy, a Germany-based gas and power production company, launched SenseSolution with SensSolution technology, which is a power transmission solution with cloud connectivity and a dedicated app for its operations. To assist operators in evaluating, monitoring, and supporting system operations in real-time, it enables the secure transmission of substation data to the cloud. One of SenseSolution's unique features is that it sends all accessible data from substations to a cloud-based platform so that operators can explore different applications and dashboards to better understand the condition of a system at any given time.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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