Market Overview:

The Transmission Sales Market size is estimated to reach $29.8 billion by 2030, growing at a CAGR of 6.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Transmission Sales Market – By Compression Type (Air Compression, Gas Compression), By Type (Reciprocating Compressor, Rotary Compressor, Centrifugal Compressor, Axial Flow Compressor), By End-User (Oil, Gas, Power Generation, Water & Wastewater Management, Others), By Application (Artificial lift, Gas Processing Station, LNG& FPS Vessel, Storage & Facilities, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
 
Increasing demand for energy-efficient transmission solutions drives the market towards innovative technologies and Regulatory frameworks promoting infrastructure upgrades enhance the need for reliable transmission networks are fueling the growth of the Transmission Sales industry during the forecast period.
 
Europe Dominated the Market in 2023:
 
Europe accounted for the largest share of 36% of the Transmission Sales Market in 2023. Increasing demand for energy-efficient transmission systems reflects a growing emphasis on sustainability and cost reduction drive the Transmission Sales market in Europe. In the second quarter of 2024, the UK Government reported a 19% rise in renewable energy generation, reaching 32.8 TWh, largely attributed to improved weather conditions. This surge in renewable sources requires advanced transmission solutions to effectively manage power supply fluctuations. Additionally, regulatory initiatives are supporting infrastructure upgrades, while the expansion of smart grid technologies improves system reliability and efficiency. This dynamic environment stimulates innovation and encourages investments in modern transmission systems across Europe.
 
Transmission Sales Market: Key Takeaways
 
Urban infrastructure projects necessitating enhanced transmission capabilities:
 
Urban infrastructure projects are increasingly demanding enhanced transmission capabilities to accommodate growing populations and technological advancements. As cities expand, the need for efficient energy distribution becomes critical, driven by the rise in electric vehicle adoption and smart city initiatives. Improved transmission systems ensure reliable power supply to new developments, thereby supporting economic growth and sustainability efforts. Furthermore, the integration of renewable energy sources necessitates robust transmission networks to facilitate the transition from traditional grids. This shift not only enhances overall infrastructure resilience but also aligns with global sustainability goals, making enhanced transmission capabilities a key driver in urban infrastructure planning.
 
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Rising Investments in Renewable Energy Sources:
 
The rising investments in renewable energy sources are propelling growth in the transmission sales market. With a significant focus on sustainability and environmental responsibility, governments and organizations are increasingly funding infrastructure for renewable energy integration. This trend drives demand for advanced transmission technologies that effectively deliver energy from renewable sources to consumers. The International Energy Agency projects global energy investment to surpass USD 3 trillion for the first time in 2024, with USD 2 trillion allocated to clean energy technologies and infrastructure. Moreover, the shift towards cleaner energy solutions fosters innovation in grid management, improving reliability and resilience. As a result, stakeholders in the transmission sector must adapt to these changes to capitalize on the expanding opportunities in renewable energy development and deployment. 
 
Scope of the Report: 
 

  Report Metric

                  Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.9%

Market Size in 2030

$29.8 billion

Segments Covered

By Compression, By Type, By End-User, and By Region
 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).
 

Key Market Players

  1. Caterpillar Inc

  2. Cummins Inc

  3.  PJSC Gazprom

  4. Siemens AG

  5.  General Electric Company

  6. Atlas Copco

  7. HMS Group

  8. Ariel Corporation

  9. Ingersoll Rand

  10. Bauer Kompressoren
 
Recent Developments:
  • In February 2024, ZF has commenced production of its first PowerLine 8-speed automatic transmission, anticipating an output of 200,000 units in 2024, following a $200 million plant upgrade. This transmission promises a 10% improvement in fuel efficiency and 30% faster shifting compared to traditional 6-speed models, tailored for the rugged demands of Classes 5-8 commercial vehicles
 
Transmission Sales Market: Competitive Landscape
 
Key companies profiled in the Transmission Sales Market are Caterpillar Inc, Cummins Inc, PJSC Gazprom, Siemens AG, General Electric Company, Atlas Copco, HMS Group, Ariel Corporation, Ingersoll Rand, Bauer Kompressoren and Others.
 

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