The process of pressurizing and accumulating gas within pipelines involves efficient gas processing to ensure control, safety, and proper pressure levels. Additionally, the recovery and recompression of processed gas are vital steps in this process. A critical aspect of transmission sales equipment is its role in preventing contamination of the processed gas, particularly when dealing with biogas derived from water and residential waste. The market offers two types of compressors, utilizing dynamic mechanisms and positive displacement, which are essential for meeting compressed air requirements across various industries such as power generation, oil and gas, wastewater and water management, chemicals and petrochemicals, automotive, food and beverage, mining and metals, and construction.
COVID-19 Impact Analysis
The oil industry witnessed a significant decline in prices in 2020 due to the global impact of the COVID-19 outbreak. The pandemic led to shutdowns within the oil and gas sector, resulting in reduced demand for offshore drilling rigs and subsequently affecting the transmission sales market. Disruptions in the global supply chain further contributed to decreased demand in numerous countries. The transmission and distribution of products also experienced setbacks due to the pandemic's influence, resulting in repercussions for the transmission sales market.
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Key Influential Factors
The power sector is witnessing an increasing demand for transmission sales, driven by the growth of wastewater treatment initiatives supported by national governments. Government-initiated wastewater treatment programs are fostering demand for transmission sales in the power sector. Additionally, the rise of shale gas activities, characterized by low operation costs, is boosting the transmission sales market. However, the market's growth may be hindered by high maintenance costs. The control and safety systems crucial to oilfields rely on transmission sales equipment, and concerns about oil spills are propelling global demand. Oil and gas inverters are expected to contribute to the expansion of the transmission sales market. The utilization of compressors in various oil and gas industry applications, including wellhead gas reinjection and hydrocarbon vapor recovery, presents opportunities for growth. However, the environmental pollution associated with the oil and gas industry poses a potential obstacle.
Market Trends
Europe is witnessing an upsurge in the oil and gas sectors, alongside increased power generation, which is set to boost the transmission sales market in the region. The growth of industrial activities and heightened competition in Eastern and Central Europe, coupled with increased oil and gas production and exploration, are driving the transmission market's expansion in Europe. Industry players are embracing strategies such as contracts, agreements, new product launches, acquisitions, and mergers to capture a larger share of the transmission sales market. An example of this is Siemens receiving a contract to provide residue compression trains (compressors) for cryogenic gas plants in the Delaware Basin.
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Key Report Benefits
- This study offers a comprehensive analytical overview of the transmission sales industry, highlighting current trends and future investment opportunities.
- The report delves into key drivers, restraints, and opportunities, accompanied by a detailed analysis of transmission sales market share
- Quantitative analysis illuminates growth scenarios in the transmission sales market. Porter's five forces analysis elucidates buyer and supplier dynamics.
- The report provides an in-depth transmission sales market analysis, considering competitive intensity and the anticipated trajectory of competition in the coming years.
Transmission Sales Market Report Highlights
Key Aspects
Type
- Reciprocating
- Rotary
- Centrifugal
- Axial Flow
Application
- Artificial Lift
- Gas Processing Station
- LNG and FPS
- Storage
- Others
End-Use Industry
- Oil and Gas
- Power Generation
- Water and Wastewater Management
- Others
Regional Landscape
- North America (U.S., Canada, Mexico)
- Europe (France, Germany, Italy, Spain, UK, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Rest of LAMEA)
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