Global Transmission Sales Market
Transmission sales equipment is an important component of the safety and control system across oilfields. The need to avert the incidence of oil spills has generated tremendous demand within the transmission sales market globally. Furthermore, pollution caused by the oil and gas industry has also generated global outrage. This has compelled oilfield operators to induct transmission sales equipment. Oil & gas inverter segment is expected to register a major revenue share in the transmission sales market globally. Oil & gas upstream sector includes the use of compressors for hydrocarbon vapor recovery, wellhead gas reinjection, onshore and offshore platforms, and FPSO (Floating, Production, Storage, and Offloading) vessels.
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