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Energy Industry News Releases

Oil Accumulator Market Analysis Of Opportunities Offered By High Growth Economies


(EnergyIndustry.Net, July 25, 2020 ) The report "Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Pressure Rating (Up to 6,000 Psi and Above 6,000 Psi), Onshore vs Offshore, Application (Blowout Preventer & Well Head Control, Offshore Rigs, and Mud Pumps), and Region - Global Forecast to 2023", The oil accumulator market is expected to grow from an estimated USD 488.5 million in 2018 to USD 617.1 million by 2023, at a CAGR of 4.78%, during the forecast period. The market is set to witness growth because of the digital revolution in the oil & gas industry and shale gas exploration in the US.

Browse 82 market data Tables and 31 Figures spread through 124 Pages and in-depth TOC on "Oil Accumulator Market - Global Forecast to 2023"

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Bladder segment is expected to be the largest oil accumulator market, by type, in 2018.

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. The strong market share of bladder accumulators is attributed to high preference of customers for this type of accumulator, which is further expected to continue holding the largest share in the future with new API regulations. Another advantage of bladder accumulators is that it can be used for almost many offshore applications and has high durability compared with other types.

Up to 6,000 PSI segment is expected to be the fastest oil accumulator market, by pressure ratings, during the forecast period.

The up to 6,000 PSI segment is expected to be the fastest growing oil accumulator market from 2018 to 2023. This is due to various factors, including rising investments in the oil & gas industries. 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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North America: Largest oil accumulator market during the forecast period.

In this report, the oil accumulator market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is the largest oil accumulator market, by region, during the forecast period. Digitalization in the oil & gas industry, shale gas exploration in the US, and supportive government plans are expected to drive the market for oil accumulators in this region. The US and Canada are the leading countries, among others, which are likely to contribute to the growth of the oil accumulator market in North America.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the oil accumulator market such as Hydac (Germany), Parker Hannifin (US), Eaton (Ireland), Freudenberg (Germany), Bosch Rexroth (Germany), and Nippon Accumulator (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra


Source: EmailWire.Com

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