Global Oil and Gas Accumulators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global oil and gas accumulators market in its upcoming report titled, “Global Oil and Gas Accumulators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global oil and gas accumulators market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global oil and gas accumulators market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global oil and gas accumulators market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global oil and gas accumulators market report has been segmented on the basis of type, application, and region.
Accumulator is a device used for storage of potential energy under high pressure through an external source, which could be a gas, spring, fluid, or piston. Accumulators are divided mainly into three types – weight-loaded or gravity accumulator, spring-loaded accumulator, and gas-loaded accumulator. Oil and gas accumulators are used for various purposes such as noise reduction, leakage compensation, thermal expansion, energy conservation, and shock or pulsation dampening.
Rising oil and gas exploration and production activities, coupled with increasing energy demand across the globe are key factors driving growth of the global oil and gas accumulators market. In addition, growth in unconventional hydrocarbon reserves, increasing hydraulic fracturing, and well drilling activities are some other factors expected to boost growth of the global oil and gas accumulators market over the forecast period.
Drilling activities raise need for other different equipment’s such as offshore rigs, mud pumps, blow out preventer (BOP), etc. which also requires accumulators for efficient working. This is another factor expected to aid in growth of the global oil and gas accumulators market.
However, high initial cost is a key factor restraining growth of the global oil and gas accumulators market. Additionally, owing to its large size and heavy weight it is unsuitable for easy mobile transportation which is another factor anticipated to hamper growth of the global oil and gas accumulators market over the forecast period.
Currently, the market in North America accounted for dominant revenue share in the global oil and gas accumulators market. This dominance can be attributed to rising oil and gas exploration projected in countries in the region. The market in Asia Pacific is projected to witness fastest growth over the forecast period, owing to rising energy demand, and increasing drilling activities in emerging economies such as China, India, etc. Also, market in Middle East is expected to witness moderate growth over the forecast period owing to presence of large untapped energy reserves and increasing crude oil exploration projects in the region.
Global Oil and Gas Accumulators Market Segmentation:
Global oil and gas accumulators market segmentation by type:
Global oil and gas accumulators market segmentation by application:
- Blow out preventer (BOP)
- Offshore rigs
- Mud pumps
Global oil and gas accumulators market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Robert Bosch GmbH
- Parker-Hannifin Corporation
- Eaton Corporation plc
- Hannon Hydraulics, LLC
- HYDAC INTERNATIONAL GmbH
- Tobul Accumulator, Inc.
- Airmo Inc.
- BOLENZ & SCHAEFER GmbH
- Freudenberg Sealing Technologies GmbH & Co. KG
- Technetics Group LLC.
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