Global Transmission Sales Market Forecasts to 2024: Opportunities in Increased Focus on Mature Oil & Gas Fields
DUBLIN, Aug. 8, 2019 /PRNewswire/ -- The "Transmission Sales Market by Type (Reciprocating, Rotary, Centrifugal, Axial Flow), Application (Artificial lift, Gas Processing Station, LNG & FPS, Storage & Facilities), Compression Media, End Users, and Region - Global Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.
The transmission sales market is estimated to be valued at USD 14.60 billion in 2018 and is projected to reach USD 18.69 billion by 2024, at a CAGR of 4.2%.
The factors driving the market include the growing demand for natural gas and power generation and the need for increased government support. The major players in the transmission sales market are Caterpillar, Cummins, Atlas Copco, Hyundai Heavy Industries (HHI), and Mitsubishi Heavy Industries (MHI).
A transmission sales equipment pressurizes and circulates the gas inside a pipeline by providing efficient processing to the gas for safety or control systems, recovering and recompressing the processed gas, maintaining correct pressure levels, avoiding contamination of the processed gas, and processing of biogas coming from water and residential waste.
The transmission sales market has 2 types of compressors that operate on positive displacement and dynamic mechanisms. These compressors are deployed mainly for meeting compressed air requirements. They are used by various end-users such as oil & gas, power generation, water & wastewater management, and others, including chemicals & petrochemicals, food & beverage, automotive, mining & metals, pulp & paper, and construction. These compressors use 2 rotors (screws) to compress a multitude of gases, ranging from air to light hydrocarbons, nitrogen, ammonia, and others. The transmission sales equipment (compressors) are commonly segregated into air & gas compression types.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Shale Gas Production Activities
5.2.1.2 Increasing Operational Transmission Pipelines, Gas Processing, and FPS & LNG Vessels
5.2.1.3 Automation and Transition to Energy Efficiency in Oil & Gas Sector
5.2.1.4 Low Cost of Operation
5.2.2 Restraints
5.2.2.1 High Maintenance Cost
5.2.2.2 Technical Challenges Such as Manufacturing Defects and Improper Installation
5.2.3 Opportunities
5.2.3.1 Increased Focus on Mature Oil & Gas Fields
5.2.3.2 Industrialization in Emerging Economies Would Increase the Demand for Transmission
5.2.4 Challenges
5.2.4.1 Gray Market Providing Low-Quality and Cheap Products
6 Transmission Sales Market, By Compression Media
6.1 Introduction
6.2 Air Compression
6.2.1 Demand for Power Generation in the European Region Offers A Lucrative Opportunity to Air Compression Providers
6.3 Gas Compression
6.3.1 Asia Pacific is Projected to Be the Fastest Growing Gas Compression Market
7 Transmission Sales Market, By Type
7.1 Introduction
7.2 Reciprocating Compressor
7.2.1 Europe is the Largest Reciprocating Compressor Market
7.3 Rotary Compressor
7.3.1 North America is Expected to Be the Second Largest Rotary Compressor Market
7.4 Centrifugal Compressor
7.4.1 Increasing Oil & Gas Production in the American Region Offers A Lucrative Opportunity to Centrifugal Compressor Providers
7.5 Axial Flow Compressor
7.5.1 Growth in Industrialization in the Asia Pacific Region Offers A Good Opportunity to Axial Flow Compressor Providers
8 Transmission Sales Market, By End-User
8.1 Introduction
8.2 Oil & Gas
8.2.1 Oil & Gas Segment is Growing at the Highest Rate Owing to the Rise in Developments of Unconventional Reserves
8.3 Power Generation
8.3.1 Increasing Demand for Power Generation Drives the Growth of the Transmission Sales Market
8.4 Water & Wastewater Management
8.4.1 Developments in Water Recycling Plants Around the Globe are Expected to Aid the Growth of the Transmission Sale Market
8.5 Others
9 Transmission Sales Market, By Application
9.1 Introduction
9.2 Artificial Lift
9.2.1 Increase in Oil Production From Mature Wells is Likely to Support the Growth of the Artificial Lift Segment
9.3 Gas Processing Station
9.3.1 Asia Pacific Held the Largest Share of the Gas Processing Station Segment
9.4 LNG & FPS Vessel
9.4.1 New Discoveries in Deepwater are Expected to Leverage the LNG & FPS Vessel Segment
9.5 Storage & Facilities
9.5.1 Europe is Expected to Be the Largest Storage & Facilities Market
9.6 Others
10 Transmission Sales Market, By Region
Company Profiles
- Ariel Corporation
- Atlas Copco
- Bauer Kompressoren
- Caterpillar
- Cummins
- Gazprom
- GE
- HMS Group
- Hyundai Heavy Industries
- Ingersoll Rand
- Mitsubishi Heavy Industries
- Siemens
For more information about this report visit https://www.researchandmarkets.com/r/jmx5sd
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