Press release
Oil Accumulator Market 2019 Global Key Players: Eaton, Parker Hannifin, Bosch, Hydac, Freudenberg, Technetics Group, Hannon Hydraulics, Rotec Hydraulics, Roth Hydraulics and Hydroll
Oil Accumulator Market
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. The global Oil accumulator market is projected to grow at a high rate during the forecast period, mainly due to the digital revolution in the oil & gas industry. Increased productivity, safety operations, and cost savings are the potential benefits of digital transformation in oil & gas. Oil & gas companies are largely investing in digital technologies to enhance next-generation well delivery, optimize oil production, and improve maintenance.
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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.
Segmental Analysis
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
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.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Oil Accumulator Market Share, By Type, 2017 (%)
Figure 9 Global Oil Accumulator Market, By Type, 2018-2023 (USD Million)
Figure 10 Global Oil Accumulator Market Share, By Pressure Rating, 2017 (%)
Continued…..
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