Oct 15, 2020   SOURCE: BusinessWire

Worldwide Oil Accumulator Industry to 2027 - Featuring Bosch, Hydac & Freudenberg Among Others - ResearchAndMarkets.com

The "Oil Accumulator - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Oil Accumulator Market accounted for $522.71 million in 2019 and is expected to reach $878.17 million by 2027, growing at a CAGR of 6.7% during the forecast period.

Some of the factors such as shale gas exploration boom in the US and increasing usage of oil accumulator in various applications such as blow out preventer & well head control are propelling the market growth. However, issues related to transition to renewable sources of energy is hindering the market growth.

Oil Accumulator is a device that stores energy during the drilling procedure in the hydraulic system. It compresses a gas bladder which is charged to a little extent with hydraulic fluids. Through this process, energy gets stored. Oil Accumulator is used in mud pumps, blowout preventers, and drilling rigs. It is also called a hydro-pneumatic device, which majorly handles pressure arising from fluctuations, leakage compensation, noise reduction, and pulsation damping.

Based on the type, the bladder accumulator segment is going to have a lucrative growth during the forecast period owing to the rise in investment in onshore and offshore applications. Bladder accumulators are quite useful in different offshore applications and they own high durability.

By geography, North America is estimated to have a lucrative growth during the forecast period due to the leading countries, such as the US and Canada, which are immensely contributing to the growth of the oil accumulator market in the North America region.

Companies Mentioned

  • Rotec Hydraulics
  • Roth Hydraulics
  • Accumulators
  • Hydroll
  • Parker Hannifin
  • Bosch
  • Hydac
  • Freudenberg
  • Nippon Accumulators
  • Technetics Group
  • Hannon Hydraulics
  • Eaton
  • GE Oil & Gas
  • Tobul Accumulator Inc.

What the report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019, 2020, 2024, and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Impact of COVID-19

4 Porters Five Forces Analysis

4.1 Bargaining Power of Suppliers

4.2 Bargaining Power of Buyers

4.3 Threat of Substitutes

4.4 Threat of New Entrants

4.5 Competitive Rivalry

5 Global Oil Accumulator Market, By Pressure Rating

5.1 Introduction

5.2 Up to 6,000 Psi

5.3 Above 6,000 Psi

6 Global Oil Accumulator Market, By Type

6.1 Introduction

6.2 Bladder Accumulator

6.3 Diaphragm Accumulator

6.4 Piston Accumulator

7 Global Oil Accumulator Market, By Application

7.1 Introduction

7.2 Blow Out Preventer & Well Head Control

7.3 Mud Pumps

7.4 Offshore Rigs

7.5 Onshore

8 Global Oil Accumulator Market, By Geography

8.1 Introduction

8.2 North America

8.3 Europe

8.4 Asia-Pacific

8.5 South America

8.6 Middle East & Africa

8.6.1 Saudi Arabia

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures

9.2 Acquisitions & Mergers

9.3 New Product Launches

9.4 Expansions

9.5 Other Key Strategies

10 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/7kynuw