Press release
Shale Gas Production Boosts Transmission Sales Market: The Driving Engine Behind Transmission Sales Market Evolution in 2025
Transmission Sales Market Size
Transmission Sales Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a substantial growth in the market size of transmission sales. The prediction for this market is to escalate from a value of $17.96 billion in 2024 to a staggering $19.14 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the historical period include demand for vehicles, regulations around fuel efficiency, worldwide economic patterns and consumer choices.
How Will the Transmission Sales Market Size Evolve and Grow by 2029?
The market size of transmission sales is anticipated to experience significant expansion in the upcoming years, growing to a valuation of $25.64 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. Numerous factors will contribute to this increase during the forecast period, such as the uptake of electric vehicles, the emergence of autonomous vehicles, governmental policies, and the broadening of the global market. Future trends to look out for during this period include a shift towards automatic transmissions, a rising emphasis on electrification, the utilisation of advanced driver assistance systems (ADAS), the application of lightweight materials, the integration of artificial intelligence and machine learning, the use of modular and scalable designs, and the consolidation of the market.
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What Drivers Are Propelling the Growth of Transmission Sales Market Forward?
The surge in shale gas production activities is projected to fuel the expansion of the transmission sales market in the future. Shale gas, a trapped natural gas present in shale rocks, enhances transmission sales and storage since it is delivered over long distances via high-pressure pipelines. This process commences with the treatment of shale gas, among other types of natural gases. For example, a report from the Center for Strategic and International Studies, an American non-profit organization, stated that during the first three quarters of 2021, 20 American shale producers generated a free cash flow of approximately $36 billion. Consequently, the increasing activities in shale gas production are stimulating the growth of the transmission sales market.
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Which Emerging Trends Are Transforming the Transmission Sales Market in 2025?
The current prominent trend in the transmission sales market is technological innovation. Major industry players are incorporating new technologies into their product lines as a strategy to maintain their market standing. For instance, GridOS software for grid orchestration was unveiled by GE Digital, a software firm based in the USA, in February 2023. GridOS, a platform with an application suite, ensures secure and dependable grid management, providing utilities around the world with the resilience and flexibility they require. The software is set to revolutionize and turn the electric grid into a future clean energy grid. It amalgamates energy data, network modeling, and AI/ML-driven analytics to run multiple intelligent applications created by GE, utility companies, and GridOS partners.
What Are the Key Segments in the Transmission Sales Market?
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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Who Are the Key Players Shaping the Transmission Sales Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Transmission Sales Market?
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
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