The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The transmission sales market has experienced robust growth, driven by factors such as vehicle demand, fuel efficiency regulations, and global economic trends. This blog delves into the market’s growth, key trends, and the impact of technological advancements.

Current Market Scenario

• The market is expected to grow from $16.86 billion in 2023 to $18 billion in 2024, with a CAGR of 6.8%.
• Growth in the historic period was fueled by factors like vehicle demand and consumer preferences.
• Transmission sales play a crucial role in various industries, including power generation, oil and gas, and water management.

Future Growth Outlook

• Expected to reach $23.49 billion by 2028, with a CAGR of 6.9%.
• Factors such as electric vehicle adoption and government policies are driving market growth.
• Major trends include the shift to automatic transmissions and the dominance of electrification.

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Rising Power Generation Demand

• Increasing demand for power generation is expected to drive market growth.
• Transmission sales play a crucial role in power generation by providing compressors for gas turbine power plants and ensuring efficiency and reliability.
• Global energy demand increased by 6% in 2021, according to the International Energy Agency, driving the need for transmission sales.

Key Players

• Caterpillar Inc.
• Cummins Inc.
• Siemens AG
• General Electric Company
• ZF Friedrichshafen AG

Technological Advancements

• Technological advancements are reshaping the transmission sales market.
• Companies are introducing new technologies in their products to sustain their position.
• Siemens Energy launched SenseSolution with SensSolution technology, a power transmission solution with cloud connectivity and a dedicated app for operations.

Strategic Acquisitions

• Allison Transmission acquired AVTEC Ltd.’s off-highway transmission portfolio in April 2022 to accelerate its pursuit of opportunities in India and around the world.
• This acquisition is expected to provide Allison with performance and productivity solutions for off-highway applications.

Market Segmentation

1. Type:
   • Reciprocating
   • Rotary
   • Centrifugal
   • Axial Flow
2. Compression Media:
   • Air Compressor
   • Gas Compressor
3. Application:
   • Artificial Lift
   • Gas Processing Station
   • LNG and FPS
   • Storage and Facilities
   • Other Applications
4. End-User:
   • Oil and Gas
   • Power Generation
   • Water and Wastewater Management
   • Other End Users

Regional Insights

• Europe was the largest region in the global transmission sales market in 2023, driven by various industries’ demand for transmission solutions.

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The Transmission Sales Global Market Report 2024  provides an overview of the transmission sales market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The transmission sales market forecast analyzes transmission sales market size, transmission sales market share, leading competitor and their market positions.

The Table Of Content For The Transmission Sales Market Include:
1. Transmission Sales Market Executive Summary
2. Transmission Sales Market Segments
3. Transmission Sales Market Size And Transmission Sales Market Growth Rate
4. Key Transmission Sales Market Trends
5. Major Transmission Sales Market Drivers
……
25. Key Mergers And Acquisitions In The Transmission Sales Market
26. Top Transmission Sales Companies
27. Transmission Sales Market Opportunities And Strategies
28. Transmission Sales Market, Conclusions And Recommendations
29. Appendix

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