Transmission Sales Market Report 2026

The transmission sales market size has grown strongly in recent years. It will grow from $18.98 billion in 2025 to $20.36 billion in 2026 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of oil and gas infrastructure, increasing demand for gas processing facilities, growth of industrial air compression applications, reliance on mechanical transmission systems, development of pipeline networks.

The transmission sales market size is expected to see strong growth in the next few years. It will grow to $26.98 billion in 2030 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing investments in energy-efficient compression technologies, rising adoption of digital monitoring systems, expansion of LNG and gas processing projects, growing focus on emission reduction, modernization of aging transmission equipment. Major trends in the forecast period include increasing adoption of high-efficiency compression systems, rising demand for integrated gas processing equipment, growing use of condition monitoring technologies, expansion of modular transmission units, enhanced focus on operational reliability.

The rising demand for power generation is expected to drive the growth of the transmission sales market in the coming years. Power generation refers to the production of electricity from various energy sources, including fossil fuels, nuclear power, and renewables. Transmission sales support power generation by supplying compressors for gas turbine plants, as well as systems for ash conveying and fly ash handling, helping ensure high efficiency and reliable operation. For example, in September 2025, the Department for Energy Security and Net Zero, a UK government agency, reported that renewable sources accounted for a record 54.5% of total electricity generation during the second quarter of 2025. Therefore, the growing need for power generation is contributing to the expansion of the transmission sales market.

Companies in the transmission sales market are increasingly investing in digital technologies such as grid orchestration software to enhance grid reliability, improve operational performance, and support the move toward cleaner energy systems. Grid orchestration platforms allow utilities to manage complex and distributed power networks by integrating real-time energy data, sophisticated network modeling, and analytics powered by artificial intelligence or machine learning, enabling secure and flexible grid operations. For instance, in February 2023, GE Digital, a U.S.-based software company, announced GridOS, a platform and application suite designed to modernize and transform the electric grid. GridOS supports secure, resilient grid management and integrates energy data, network modeling, and AI/ML analytics to power a suite of intelligent applications developed by GE, utilities, and partners.

In June 2025, Allison Transmission Holdings Inc., a U.S.-based manufacturer specializing in automatic transmissions and propulsion systems for commercial-duty vehicles, acquired Dana Incorporated’s off-highway business for an undisclosed amount. Through this transaction, Allison Transmission aims to expand its global powertrain capabilities, diversify its portfolio of commercial and industrial solutions, and strengthen its position in off-highway markets. Dana Incorporated is a U.S.-based technology and drivetrain solutions provider that offers transmission systems primarily for light and commercial vehicles.

Major companies operating in the transmission sales market are Caterpillar Inc., Cummins Inc., Siemens AG, General Electric Company, Allison Transmission Inc., ZF Friedrichshafen AG, ABB Ltd., Schaeffler Technologies AG & Co. KG, Hyundai Heavy Industries Co. Ltd., Ingersoll Rand Inc., Schneider Electric SE, Mitsubishi Electric Corporation, Eaton Corporation plc, Toshiba Corporation, Hitachi Ltd., Alstom SA, CG Power and Industrial Solutions Limited, Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Eimco Electro-Mechanicals Co. Ltd., Emerson Electric Co.

Europe was the largest region in the global transmission sales market in 2025. The regions covered in the transmission sales market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transmission sales market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The transmission sales market includes revenues earned by entities by providing services such as manual transmission, automatic transmission, continuously variable transmission, semi-automatic transmission, and dual-clutch transmission. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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