Transmission Sales Market is projected to grow at a CAGR 2% during the forecast period 2021-2027

The growth of the transmission sales market can be attributed to the low operation cost and growing shale gas production activities.Reciprocating type segment is expected to hold the largest market share. A reciprocating compressor is a positive-displacement machine that uses a piston to compress the gas and deliver it at high pressure. These compressors are also called as piston compressors. They are often some of the most critical and expensive systems at a production facility and deserve special attention. Reciprocating compressors are used for applications such as gas transmission pipelines, petrochemical plants, refineries, and many other industries. The power generation segment is anticipated to grow at the fastest rate during the forecast period. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. Rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernise 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. Europe is expected to account for the largest market size during the forecast period. The growth of the oil & gas sector and increased investment in power generation play a significant role in the growth of the market. The transmission sales market in Europe is driven by the increasing oil & gas exploration & production activities coupled with industrial and competitive growth in Eastern and Central Europe, which is influenced by increasing privatisation and low-cost base. The major end-user segments driving the market in the region are power generation, oil & gas, and water & wastewater management.
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Transmission Sales Market report has been categorized as below
By Compression Media
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 Region
North America
Europe
Asia Pacific
Rest of World
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