The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities.
Based on type, the reciprocating segment is expected to hold the largest share of the market
The reciprocating segment is expected to dominate the transmission sales market during the forecast period. Applications of a reciprocating compressor include oil refineries, gas pipelines, chemical plants, natural gas processing plants, and refrigeration plants. These compressors are used in the oil & gas industry for compressing the gas for the main transmission through gas pipelines. This has helped the reciprocating segment to acquire the largest share in the transmission sales market.
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Power generation is expected to be the fastest segment of the transmission sales market during the forecast period
The transmission sales market in this report has been classified based on end-user into oil & gas, power generation, water & wastewater management, and others. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. The rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernize existing power plants, has resulted in the extensive use of gas turbine power plants. Compressors are used to maintain pipeline pressure in the power generation sector. Moreover, retrofit and modernization projects in Europe and North America are likely to boost the power plant segment of the transmission sales market.
Europe: the leading transmission sales market
In this report, the transmission sales market has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to lead the Transmission sales market during the forecast period. The market in Europe is driven by the growth of the industrial sector and competitive growth in Eastern and Central Europe. This growth is influenced by increasing privatization and low-cost base. Compressors are used in manufacturing and processing sectors, which represent a major advancement in the adoption of newer technologies by customers. Its distinguishing features include high-quality compressed air, low energy consumption, reduced noise levels, and ease of maintenance. The major end-users driving the transmission sales market in the region are power generation, oil & gas, and water & wastewater management.
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The report includes the profiles of some of the top players in the transmission sales market to enable an in-depth understanding of the competitive landscape. The key players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US). The leading players are adopting various strategies to increase their share in the transmission sales market.
The Global Drive Shaft Sales Market research report is a careful study of the Global Drive Shaft Sales industry, a region that is passionate about Drive Shaft Sales manufacturers, organizations, authorities, leaders, and possibly speculators and analysts.
The report throws light on the notable characteristics of the company such as competitive status, status, parts, store size, market share, profit, development potential and progress.The report also incorporates the changing factors of the business industry, modern models, components driving development, presentation limitations and obstacles that can have a positive or negative impact on improving the global market', presented by Transmission Shaft Sales.
It focuses on the most powerful elements.
This report analyzes the above factors at a temporal level and contains high expectations for the gauge time to 2025.Request a copy of this report.https://www.researchforetell.com/reports/152408/global-transmission-shafts-sales-market-report-2021 / requestDrive Shaft Sales Market 2021 Report contains passionate financial, political, and natural research on the components that influence the Drive Shaft Sales industry.
The report contains research on progress related to creation, application, etc.The report also conveys a study of the internal and external situation in the various countries actually related to the drive shaft sales creation.
Examine the adequacy of special limits, various issues and costs affecting the drive shaft sales market.
