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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

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Date: 30-Jul-2019
No. of pages: 135
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“The transmission sales market is projected to grow at a CAGR of 4.2%, from 2019 to 2024.”

The transmission sales market is projected to reach USD 18.7 billion by 2024, from an estimated USD 15.2 billion in 2019, at a CAGR of 4.2%. Transmission equipment is used for gas lift & injection, gas processing station, LNG & FPS, and storeage & facilititates applications in various end-use sectors such as oil & gas, power generation, water & waste water management, and others. The main drivers for the transmission sales market are increasing shale gas activities and low operation cost. However, high maintenance cost can hinder the growth of the market.

 “The rotary segment is expected to grow at the fastest CAGR from 2019 to 2024.”

The rotary type segment is expected to be the fastest growing fuel segment of the transmission sales market from 2019 to 2024. The compressor is also addressed to as screw compressors. As the name suggests, instead of any piston, the rotating motion of the meshing helical screws, known as rotors, is used to compress the gas. Rotary compressors are used for applications including gas gathering and processing in refineries and plants.  Increasing oil & gas production activities and growing demand for processed and packaged food are likely to drive the rotary compressor market during the forecast period.

“The oil & gas segment is expected to be the largest segment in the transmission sales market during the forecast period.”

The oil & gas segment is expected to be the largest market during the forecast period. Oil & gas upstream sector includes use of compressors for hydrocarbon vapor recovery, wellhead gas reinjection, onshore and offshore platforms, and FPSO (Floating, Production, Storage, and Offloading) vessels. In the oil & gas midstream sector, screw compressors are used for natural gas boosting and gathering natural gas, decanting, separation, natural gas and CO2 dehydration, and gas offloading. Screw compressors are important for onshore and offshore applications, ranging from vapor recovery and gas handling to flash gas processing and fuel gas boosting. These applications are likely to drive the demand for compressors in the oil & gas segment.

“Asia Pacific”: The fastest market for the transmission sales market.”

Asia Pacific is currently the largest transmission sales market, followed by North America and Europe. Asia Pacific is projected to grow at the highest CAGR, from 2019 to 2024. The major end-users for compressors in the region include the water & wastewater management, power plants, chemicals & petrochemicals, and oil & gas. Rising disposable income, growing demand for energy, and increasing foreign investments are the major factors driving the industrial growth at a high rate in these countries, which would result in higher demand for compressors, thereby driving the transmission sales market during the forecast period. On the other hand, inter- and intra-country oil & gas pipeline networks, expansion in liquefaction and regasification capacities, and increase in refining capacity are the prominent factors driving the demand for compressors in the oil & gas industry.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1– 70%, Tier 2– 20%, and Tier 3–10%

  • By Designation: C-Level–50%, Director Level–20%, and Others–30%

  • By Region: North America–40%, Asia Pacific–21%, Europe–15%, the Middle East & Africa–13%, and South America– 11%


Note: Others includes product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:The leading players in the transmission sales market include Caterpillar, Inc. (US), GE (US), Siemens (Germany), Gazprom (Russia), and Cummins (US).

Research Coverage:

The report defines, describes, and forecasts the transmission sales market by type, application, compression media, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the transmission sales market.

Key Benefits of Buying the Report

The report will provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall transmission sales market and the sub segments. The scope of the study addresses market analysis of gas compression and gas compression engines, and their applicability in transmission and related applications. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Scope
2.2 Market Size Estimation
2.2.1 Ideal Demand-Side Analysis
2.2.1.1 Assumptions
2.2.1.2 Calculation
2.2.2 Supply-Side Analysis
2.2.2.1 Assumptions
2.2.2.2 Calculation
2.2.3 Forecast
2.3 Statistics
2.3.1 Compressor, Oil & Gas Capex, and Power Generation
2.4 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Transmission Sales Market
4.2 Transmission Sales Market, By Region
4.3 Europe Market, By End-User  & Country
4.4 Market, By Compression Media
4.5 Market, By Type
4.6 Market, By Application

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
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Shale Development in the US is Driving the US Transmission Sales Market
10.2.2 Canada
10.2.2.1 Rising Onshore Oil & Gas Production Along With Pipeline Transmission is Expected to Boost the Demand for the Market in Canada
10.2.3 Mexico
10.2.3.1 Investments for Developing Shale Resources are Expected to Drive the Mexican Transmission Sales Market
10.3 Asia Pacific
10.3.1 China
10.3.1.1 Rapid Industrialization is Likely to Drive the Chinese Market
10.3.2 Australia
10.3.2.1 Production Initiation From Shale Resources Along With Plans to Redevelop Mature Fields is Likely to Drive the Transmission Sales Market in Australia
10.3.3 India
10.3.3.1 Redevelopment of Oilfields is Expected to Drive the Indian Market During the Forecast Period
10.3.4 Rest of Asia Pacific
10.4 Middle East & Africa
10.4.1 Iran
10.4.1.1 Enhanced Natural Gas Production and Exploration From Onshore Fields are Expected to Drive the Transmission Sales Market in Iran
10.4.2 Qatar
10.4.2.1 Demand for Transmission Sales is Likely to Grow in Qatar Because of Rising Exports in the Oil & Gas Industry
10.4.3 Egypt
10.4.3.1 Investments in the Power Generation Segment are Expected to Drive the Egyptian Market
10.4.4 Saudi Arabia
10.4.4.1 Huge Untapped Oil & Gas Reserves Offer Lucrative Opportunities for Oil & Gas Activities, thereby Boosting the Saudi Arabian Market Growth
10.4.5 Rest of Middle East & Africa
10.5 Europe
10.5.1 Russia
10.5.1.1 The Exploration & Production Activities in Russia’s Far East Region Have Picked Up Pace and are Driving the Russian Transmission Sales Market
10.5.2 UK
10.5.2.1 Redevelopments in Brownfields are Expected to Drive the UK Market
10.5.3 Norway
10.5.3.1 Growth in Natural Gas Production and Exploration is Offering Opportunities for the Transmission Sales Market in Norway
10.5.4 Rest of Europe
10.6 South America
10.6.1 Brazil
10.6.1.1 Offshore Developments are Expected to Drive the Brazilian Market
10.6.2 Venezuela
10.6.2.1 Stabilizing Crude Oil Prices are Expected to Revitalize the Oil Production Activities, Thus Driving the Venezuelan Market
10.6.3 Argentina
10.6.3.1 Development of Shale Reserves is Expected to Drive the Transmission Sales Market
10.6.4 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Market Share, 2018
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Contracts & Agreements
11.3.3 Mergers & Acquisitions
11.3.4 Investments & Expansions

12 Company Profile
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Cummins
12.2 Caterpillar
12.3 GE
12.4 Siemens
12.5 Gazprom
12.6 Mitsubishi Heavy Industries
12.7 Hyundai Heavy Industries
12.8 Atlas Copco
12.9 Ingersoll Rand
12.10 Bauer Kompressoren
12.11 Ariel Corporation
12.12 HMS Group
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Transmission Sales Market Snapshot
Table 2 Transmission Sales Market: Different Applications of Various Types of Compressors
Table 3 Transmission Sales Market Size, By Compression Media, 2017–2024 (USD Million)
Table 4 Air Compression: Market Size, By Region, 2017–2024 (USD Million)
Table 5 Gas Compression: Market Size, By Region, 2017–2024 (USD Million)
Table 6 Transmission Sales Market: Various Applications of Different Types of Compressors
Table 7 Transmission Sales Market Size, By Type, 2017–2024 (USD Million)
Table 8 Reciprocating Compressor: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Rotary Compressor: Market Size, By Region, 2017–2024 (USD Million)
Table 10 Centrifugal Compressor: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Axial Flow Compressor: Market Size, By Region, 2017–2024 (USD Million)
Table 12 Transmission Sales Market Size, By End-User, 2017–2024 (USD Million)
Table 13 Oil and Gas: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Power Generation: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Water & Wastewater Management: Market Size, Region, 2017–2024 (USD Million)
Table 16 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Transmission Sales Market: Various Applications of Different Application Segments
Table 18 Transmission Sales Market Size, By Application, 2017–2024 (USD Million)
Table 19 Artificial Lift: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Gas Processing Station: Market Size, By Region, 2017–2024 (USD Million)
Table 21 LNG & FPS Vessel: Market Size, By Region, 2017–2024 (USD Million)
Table 22 Storage & Facilities: Market Size, By Application, 2017–2024 (USD Million)
Table 23 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 24 Transmission Sales Market Size, By Region, 2017–2024 (USD Million)
Table 25 North America: Market Size, By End-User, 2017–2024 (USD Million)
Table 26 North America: Market Size, By Type, 2017–2024 (USD Million)
Table 27 North America: Market Size, By Compression Media, 2017–2024 (USD Million)
Table 28 North America: Market Size, By Application, 2017–2024 (USD Million)
Table 29 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 30 US: Market Size, By End-User, 2017–2024 (USD Million)
Table 31 Canada: Market Size, By End-User, 2017–2024 (USD Million)
Table 32 Mexico: Market Size, By End-User, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 34 Asia Pacific: Market Size, By Type, 2017–2024 (USD Million)
Table 35 Asia Pacific: Market Size, By Compression Media, 2017–2024 (USD Million)
Table 36 Asia Pacific: Market Size, By Application, 2017–2024 (USD Million)
Table 37 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 38 China: Market Size, By End-User, 2017–2024 (USD Million)
Table 39 Australia: Market Size, By End-User, 2017–2024 (USD Million)
Table 40 India: Market Size, By End-User, 2017–2024 (USD Million)
Table 41 Rest of Asia Pacific: Market Size, By End-User, 2017–2024 (USD Million)
Table 42 Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 43 Middle East & Africa: Market Size, By Type, 2017–2024 (USD Million)
Table 44 Middle East & Africa: Market Size, By Compression Media, 2017–2024 (USD Million)
Table 45 Middle East & Africa: Market Size, By Application, 2017–2024 (USD Million)
Table 46 Middle East & Africa: Market Size, By Country, 2017–2024 (USD Million)
Table 47 Iran: Market Size, By End-User, 2017–2024 (USD Million)
Table 48 Qatar: Market Size, By End-User, 2017–2024 (USD Million)
Table 49 Egypt: Market Size, By End-User, 2017–2024 (USD Million)
Table 50 Saudi Arabia: Market Size, By End-User, 2017–2024 (USD Million)
Table 51 Rest of Middle East & Africa: Market Size, By End-User, 2017–2024 (USD Million)
Table 52 Europe: Market Size, By Type, 2017–2024 (USD Million)
Table 53 Europe: Market Size, By Compression Media, 2017–2024 (USD Million)
Table 54 Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 55 Europe: Market Size, By Application, 2017–2024 (USD Million)
Table 56 Europe: Market Size, By Country, 2017–2024 (USD Million)
Table 57 Russia: Market Size, By End-User, 2017–2024 (USD Million)
Table 58 UK: Market Size, By End-User, 2017–2024 (USD Million)
Table 59 Norway: Market Size, By End-User, 2017–2024 (USD Million)
Table 60 Rest of Europe: Market Size, By End-User, 2017–2024 (USD Million)
Table 61 South America: Market Size, By Type, 2017–2024 (USD Million)
Table 62 South America: Market Size, By Compression Media, 2017–2024 (USD Million)
Table 63 South America: Market Size, By End-User, 2017–2024 (USD Million)
Table 64 South America: Market Size, By Application, 2017–2024 (USD Million)
Table 65 South America: Market Size, By Country, 2017–2024 (USD Million)
Table 66 Brazil: Market Size, By End-User, 2017–2024 (USD Million)
Table 67 Venezuela: Market Size, By End-User, 2017–2024 (USD Million)
Table 68 Argentina: Market Size, By End-User, 2017–2024 (USD Million)
Table 69 Rest of South America: Market Size, By End-User, 2017–2024 (USD Million)
Table 70 Developments By Key Players in the Market, 2016–2019

List of Figures

Figure 1 Transmission Sales Market Segmentation
Figure 2 Increasing Demand for Natural Gas and Power is the Major Determining Factor for Transmission Sales Market
Figure 3 Europe Dominated the Market in 2018
Figure 4 Reciprocating Compressor Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 5 Oil & Gas Segment is Expected to Lead the Market During the Forecast Period
Figure 6 Artificial Lift Segment is Expected to Lead the Transmission Sales Market During the Forecast Period
Figure 7 Air Compression Segment is Expected to Lead the Market During the Forecast Period
Figure 8 Demand for Natural Gas and Power is Driving the Transmission Sales Market, 2019–2024
Figure 9 Europe is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 10 Oil & Gas and Russia Dominated the Europe TransmissionSales Market in 2018
Figure 11 Air Compression Segment is Expected to Dominate the Market in 2018
Figure 12 Reciprocating Compressor Segment is Expected to Dominate the Transmission Sales Market, By Type, in 2018
Figure 13 Reciprocating Compressor Segment is Expected to Dominate the Market, By Application, in 2018
Figure 14 Transmission Sales Market: Market Dynamics
Figure 15 US Shale Gas Production, 2014–2017
Figure 16 Operational Pipeline Share, 2018
Figure 17 Global Pipeline Additions, 2019-2024
Figure 18 Gas Processing Capacity, Market Share, 2018
Figure 19 Gas Processing Capacity, By Region, 2019–2024
Figure 20 FPS Fleet, Market Share, 2018
Figure 21 FPS Capacity, Operational Capacity, 2019–2024
Figure 22 LNG Vessel Capacity, Market Share, 2018
Figure 23 LNG Vessel Capacity, Operational Capacity, 2019–2024
Figure 24 Crude Oil Prices Per Barrel, 2015–2019 (June’19)
Figure 25 Transmission Sales Market Size, By End-User, 2019–2024 (USD Million)
Figure 26 Market Size, By Compression Media, 2019–2024 (USD Million)
Figure 27 Market Share (Value), By Type, 2019–2024
Figure 28 Market Size, By End-User, 2019–2024 (USD Million)
Figure 29 Market Share (Value), By Application, 2019–2024
Figure 30 Regional Cagr Snapshot (2018): the Asia Pacific Region is Emerging as A New Hot Spot for the Market
Figure 31 Europe Held the Largest Market Share of the Market, 2018
Figure 32 Regional Snapshot: North American Market in 2018
Figure 33 Regional Snapshot: European Market, 2018
Figure 34 Key Developments in the Transmission Sales Market, 2016–2019
Figure 35 Market Share Analysis, 2018
Figure 36 Cummins: Company Snapshot
Figure 37 Caterpillar: Company Snapshot
Figure 38 GE: Company Snapshot
Figure 39 Siemens: Company Snapshot
Figure 40 Gazprom: Company Snapshot
Figure 41 MHI: Company Snapshot
Figure 42 Hyundai Heavy Indsutries: Company Snapshot
Figure 43 Atlas Copco: Company Snapshot
Figure 44 Ingersoll Rand: Company Snapshot
Figure 45 HMS Group: Company Snapshot

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