Market Highlights
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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The global oil accumulator market is expected to grow at ~ 4.80% CAGR during the forecast period.
Market Research Analysis
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. Scope of the Report
This report provides an in-depth analysis of the global oil accumulator market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the oil accumulator market by its type, pressure rating, application, and by region.
By Type
Bladder
Piston
Diaphragm
By Pressure Rating
Up to 6000 Psi
Above 6000 Psi
By Application
BOP & Wellhead Control
Offshore rig
Mud Pumps
By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
South America
Key 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.
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