Oil Accumulator Market : Size, Trend, Share, Key Players, Outlook to 2023

The oil accumulator market is projected to grow from an estimated USD 488.5 million in 2018 to USD 617.1 million by 2023, at a CAGR of 4.78%, from 2018 to 2023. Digital revolution in the oil & gas industry and increased shale gas exploration & production activities are driving the market for oil accumulators across the world. Transition to renewable source of energy is likely to be a restraint for this market.

The oil accumulator market report has been segmented on the basis of type, pressure ratings, onshore vs offshore, application, and region, with a focus on industry analysis (industry trends), market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the oil accumulator market, high-growth regions, and market drivers, restraints, and opportunities.

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Key Target Audience:
• Oil & gas manufacturing companies
• Consulting companies in the power and oil & gas sector
• Engineering, procurement, and construction contractors
• Government and research organizations
• Energy and environmental associations
• Water Industry Forum
• State- or government-owned corporations
• Power distribution companies

The blow out preventer & well head control segment is expected to hold the largest share of the oil accumulator market, during the forecast period. This can be attributed to the increasing investments in the oil & gas industry in the developing countries of Asia Pacific and Middle East & Africa. The use of accumulators in industries, such as oil & gas, is increasing as the demand for oil is increased globally.

Market Overview
• By Type
o Bladder Accumulator
o Piston Accumulator
o Diaphragm Accumulator
• By Pressure Rating
o Up to 6,000 Psi
o Above 6,000 Psi
• By Onshore Vs Offshore
o Up to 6,000 Psi
o Above 6,000 Psi
• By Application
o Blow out preventer & well head control
o Offshore rigs
o Mud pumps
• By Region
o Asia Pacific
o Europe
o North America
o Middle East
o Africa
o South America

North America is the fastest growing market for oil accumulators, followed by Asia Pacific and Europe. Increasing investment in the oil & gas sector and increased exploration and production activities in the countries such as the US are likely to boost the demand for oil accumulators. Furthermore, the subsequent increase in oil rigs create a growth opportunity for the oil accumulator market in the region.

Find Report Copy on” 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 “ at http://www.rnrmarketresearch.com/contacts/purchase?rname=1578214

The report provides a picture of the oil accumulator market across the oil & gas industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, stage, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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