Oil Accumulator market - Overview
The global Oil Accumulator market is estimated to expand at
~4.80% CAGR during the forecast period.
Oil
Accumulator are hydro-pneumatic equipment that utilizes the compressibility of
gas and are widely used as a supplementary energy source. The fluid is stored
via an external source that can either be piston, spring, gas and fluid. These
accumulators are available in different shapes. 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
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The growing demand for Oil Accumulator market is attributed
to the growing IoT in oil & Gas industry and rising demand for
digitalization due to Increased productivity, safety operations, and
cost savings are the potential benefits of digital transformation in oil &
gas. One of the major restraints for the global oil
accumulator market is transition to renewable sources of energy
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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.
Prominent
Players:
The key players of 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.
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