Authored By: Sarah
20 Nov 2023

Transmission Sales Market to expand by USD 6.90 Bn through 2023-2027 |Europe to Dominate Worldwide Market Landscape 

The Transmission Sales Market is estimated to witness humongous growth of USD 6.90 Bn in revenue between 2022 and 2027, accelerating at a CAGR of 6.82%. Increasing development in cross-border and cross-country pipeline infrastructure, increasing preference for pipeline transportation, and growing global energy demand are some of the paramount factors pushing market advancement worldwide

Technavio has been monitoring the  Transmission Sales Market growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

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Transmission Sales Market Analysis

Europe to Dominate Market Growth of the Transmission Sales

37% of the market’s growth will originate from Europe during the forecast period as several pipeline projects are scheduled to become operational in the region.

" It is planned to supply natural gas from Turkey to the European countries of Greece and Bulgaria via existing pipelines. Similarly, the Trans-Anatolian Natural Gas Pipeline (TANAP) will supply natural gas from Azerbaijan to Europe via Turkey " 

Once, these pipelines get operational, it will greatly boost natural gas consumption in Europe, which is rapidly moving from coal-based power plants to natural gas-based power plants for electricity generation

Leading companies such as AAMCO Transmissions Inc., Allison Transmission Holdings Inc., Bauer Comp Holding GmbH, Bayerische Motoren Werke AG, BorgWarner Inc., Caterpillar Inc., Cottman Transmission and Total Auto Care, Cummins Inc., Prysmian Spa, RPG Enterprises, Bridgestone Corp., Continental AG, General  Siemens are some of the major market participants that are significantly contributing to these growth of the Transmission Sales Market worldwide. Our report comes with a profiled analysis of the market pioneers.

Techanvio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. For more insights and data-backed analysis download our best-selling report on Transmission Sales Market

Transmission Sales Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive Transmission Sales Market growth during the next five years
  • Precise estimation of the Transmission Sales Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the transmission sales industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Transmission Sales Market Players.
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