Global Transmission Sales Industry to 2024 - Market driven by the growing shale gas pro... - 0 views
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Almira Coyne on 16 Feb 21The transmission sales market is expected to grow from an estimated market size of USD 15.2 billion in 2019 to USD 18.7 billion by 2024, registering a CAGR of 4.2% from 2019 to 2024. The transmission sales market is witnessing significant growth, which is driven by the growing shale gas production activities. Browse 70 market data Tables and 45 Figures spread through 135 Pages and in-depth TOC on "Transmission Sales Market - Global Forecasts to 2024" Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202008040 Based on type, the reciprocating segment is expected to hold the largest share of the market The reciprocating segment is expected to dominate the transmission sales market during the forecast period. Applications of a reciprocating compressor include oil refineries, gas pipelines, chemical plants, natural gas processing plants, and refrigeration plants. These compressors are used in the oil & gas industry for compressing the gas for the main transmission through gas pipelines. This has helped the reciprocating segment to acquire the largest share in the transmission sales market. Power generation is expected to be the fastest segment of the transmission sales market during the forecast period The transmission sales market in this report has been classified based on end-user into oil & gas, power generation, water & wastewater management, and others. Power generation plants require compressors for gas turbine power plants, ash conveying, and fly ash handling, ensuring highest efficiency and operating reliability. The rising demand for power is triggering the need for additional power generation. This, coupled with the need to replace and modernize existing power plants, has resulted in the extensive use of gas turbine power plants. Compressors are used to maintain pipeline pressure in the power generation sector. Moreover, retrofit and modernization projects in Europe and North America are likely to boost the power