23 September 2019
Transmission Sales Market Report 2019-2029: Forecasts by Compression Media (Air Compression, Gas Compression), Type (Reciprocating, Rotary, Centrifugal, Axial Flow), Application (Artificial Lift, Gas Processing Station, LNG & FPS, Storage & Facilities), End Users (Oil and Gas, Power Generation, Water and Wastewater, Others), by Region and Analysis of Leading Companies indicates that the Global Transmission Sales Market was valued at $20 billion by 2029.
The oil and gas industry has developed into a highly profitable industry. The complexity of activities across the oil industry has resulted to customized, state-of - the-art techniques being developed. Oilrigs safety concerns have led operators to induce state-of - the-art techniques. This factor has resulted in enhanced demand on the worldwide transmission sales sector. Oil mines displacement dynamics play an significant role in deciding which technology needs to be deployed immediately. Consequently, the multifaceted usefulness of transmission sales equipment across oilfields also helped the development of the industry.
Transmission sales equipment is a key element of the oilfield-wide safety and control system. The need to avert the incidence of oil spills in the worldwide transmission sales industry has produced tremendous demand. In addition, the oil and gas industry's pollution has also produced worldwide outrage. This has forced oilfield operators to induce sales machinery for transmission. It is anticipated that the complete quantity of profits in this market will rise as the oil industry becomes an investment brewing avenue.
Power generation plants involve gas turbine power plant compressors, ash conveyor and fly ash handling to ensure maximum effectiveness and operational reliability. The need for extra power generation is triggered by rising power demand. This has led in the comprehensive use of gas turbine power plants, combined with the need to substitute and modernize current power plants. Compressors are used in the electricity generation industry to keep pipeline pressure. In addition, retrofit and upgrade initiatives in Europe and North America are likely to increase the transmission sales market segment of power plants.
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Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.
25 September 2020
Increasing raw material prices is expected to hinder market growth. Furthermore, short term demand drops from the industrial segment due to COVID-19 lockdowns is expected to decline circuit breaker sales.
25 September 2020
The expanding offshore drilling operations carried out under high-pressure and high temperature conditions, has resulted in the demand for choke and kill manifolds to witness a significant rise.
25 September 2020
Oil country tubular goods are likely to be accelerated through an anticipated recovery of crude oil prices and strategic measures taken by the companies operating in the upstream sector to increase the E&P activities.