Press release
A Deep Dive into Transmission Sales Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Transmission Sales Market
The expansion of the transmission sales market is projected to be propelled by increasing activity in shale gas production. Shale gas, a type of trapped natural gas found in shale rock formations, enhances transmission sales and storage, as this gas is transported across extensive distances via high-pressure pipelines. This process starts with the processing of shale gas, among other forms of natural gas. For example, in the first three quarters of 2021, the Center for Strategic and International Studies, a non-profit organization based in the US, cited in January 2022 that around $36 billion in free cash flow was generated by 20 shale producers in the United States. Thus, the rise in shale gas production activities is triggering the expansion of the transmission sales market.
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What is the future CAGR of the transmission sales market, and how will it impact industry expansion?
The market size for transmission sales has seen a significant increase in previous years. It is set to escalate from $17.96 billion in 2024 up to $19.14 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 6.6%. The advancement in the historical period is due to factors such as increased vehicle demand, fuel efficiency standards, worldwide economic patterns, and shifting consumer preferences.
The market size of transmission sales is set to experience significant growth in the coming years. The projections predict a rise to $25.64 billion by 2029, with a compound annual growth rate (CAGR) of 7.6%. The surge may be accredited to factors including the adoption of electric and autonomous vehicles, government policy adaptations, and global market expansion. Key trends suggest a move towards automatic transmissions, dominance of electrification, advancements in driver assistance systems (ADAS), use of lightweight materials, incorporation of artificial intelligence and machine learning, modular and scalable designs, and market consolidation.
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What are the most significant trends transforming the transmission sales market today?
The transmission sales market is increasingly being defined by technological innovation as a primary trend. Prominent businesses in transmission sales are incorporating cutting-edge technologies in their products to maintain their market standing. For example, in February 2023, GE Digital, an American software enterprise, launched GridOS, a software designed for grid orchestration. GridOS serves as a platform and set of applications that ensures safe and dependable grid control, supplying the resilience and adaptability required by utilities across the globe. Its purpose is to overhaul and transform the electric grid into a future clean energy grid. GridOS amalgamates energy data, network modelling, as well as AI/ML-powered analytics to drive a cluster of smart applications developed by GE, utilities, and GridOS associates.
Which key market segments comprise the transmission sales market and drive its revenue growth?
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
Subsegments:
1) By Reciprocating: Piston Compressors, Diaphragm Compressors
2) By Rotary: Gear Pumps, Vane Pumps, Screw Compressors
3) By Centrifugal: Single-Stage Centrifugal Pumps, Multi-Stage Centrifugal Pumps
4) By Axial Flow: Axial Flow Pumps, Mixed Flow Pumps
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What regions are at the forefront of transmission sales market expansion?
Europe was the largest region in the global transmission sales market in 2024.The regions covered in the transmission sales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the transmission sales market?
Major companies operating in the 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.
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What Is Covered In The Transmission Sales Global Market Report?
•Market Size Forecast: Examine the transmission sales market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the transmission sales market for a structured understanding.
•Key Players Overview: Analyze major players in the transmission sales market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the transmission sales market.
•Segment Contributions: Evaluate how different segments drive overall growth in the transmission sales market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the transmission sales market.
•Industry Challenges: Identify potential risks and obstacles affecting the transmission sales market.
•Competitive Landscape: Review strategic developments in the transmission sales market, including expansions, agreements, and new product launches.
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