Oil Accumulator Market: Global Growth by Manufacturers, Current Trends, Top Companies, Business Opportunities, Industry Size, Share and Prospect 2023
Oil Accumulator Market Research Report: Information by Type (Bladder, Piston, Diaphragm), Pressure Rating (Up to 6000 Psi and Above 6000 Psi), Application (BOP & Wellhead Control, Offshore Rig, Mud pumps), and Region – Global Forecast till 2023
Pune, India – February 18, 2019 /MarketersMedia/ —
The global Oil Accumulator market is expected to grow at ~4.80% CAGR during the forecast period. Oil accumulators are used for different purposes, including noise reduction as well as pulsation dampening. Most popular types of oil and gas accumulators are diaphragm, bladder and piston. Exploration as well as drilling activities supported by greater need for crude oil is driving the oil & gas market.
Based on pressure rating, the market is segmented as up to 6000 Psi and Above 6000 Psi. Oil accumulator is estimated to dominate the market during the forecast period by up to 6000 Psi segment due to rise in the investments in oil & gas industry. Consumption of accumulators of pressure ranges up to 6,000 psi is higher because of the application of multiple units in place of a single unit to avoid idle time during production or drilling; this is expected to drive the up to 6,000 PSI segment of the oil accumulator market
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Prominent Players:
The key players of the global oil accumulator market are Eaton (Ireland), Parker Hannifin (US), Bosch (Germany), Hydac (Germany), Freudenberg (Germany), Technetics Group (US), Hannon Hydraulics (US), Rotec Hydraulics (UK), Roth Hydraulics (Germany), Hydroll (Finland), and others.
Segmental Analysis:
Global Oil Accumulator market has been segmented based on type, pressure rating, application, and region. Based on type, the market is classified into bladder, piston, and diaphragm. The bladder segment of the oil accumulator market, by type, is expected to be the largest market from 2018 to 2023. Factors such as high investment in onshore and offshore industries are driving the oil accumulator market. Another advantage of bladder accumulator is that it can be used for almost many offshore applications and has high durability compared with other types. The global Oil Accumulator market is further segmented based on pressure rating, including up to 6000 psi and above 6000 psi. Up to 6000 psi segment of the global Oil Accumulator market is estimated to register the highest growth rate during the forecast period.
North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.
Region wise, North America held the largest market share of the global Oil accumulator market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in oil & gas processes. The accumulator market in the oil & gas industry would be mainly driven by the growth in digital technologies such as machine learning, artificial intelligent, and data analytics in the countries such as US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to positively impact the oil accumulator market during the forecast period.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued……
List Of Tables
Table 1 Global Oil Accumulator Market, By Region, 2016-2023 (USD Million)
Table 2 North America Oil Accumulator Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Oil Accumulator Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Oil Accumulator Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Oil Accumulator Market, By Country, 2016-2023 (USD Million)
Table 6 South America Oil Accumulator Market, By Country, 2016-2023 (USD Million)
Table 7 Global Oil Accumulator Market, By Type, 2016-2023 (USD Million)
Table 8 North America Oil Accumulator Market, By Type, 2016-2023 (USD Million)
Table 9 Europe Oil Accumulator Market, By Type, 2016-2023 (USD Million)
Table 10 Asia-Pacific Oil Accumulator Market, By Type, 2016-2023 (USD Million)
Continued…..
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