Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Oil Accumulator Market by Type, Pressure Rating, Onshore vs Offshore, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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 blow out preventer & well head control is expected to hold the largest share of the oil accumulator market, by application, during the forecast period."
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.
"North America: Key market for oil accumulator."
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.
The leading players in the oil accumulator market are Hydac (Germany), Parker Hannifin (US), Eaton (Ireland), Freudenberg (Germany), Bosch Rexroth (Germany), and Nippon Accumulator (Japan).
Key Topics Covered:
1 Introduction
1.1 Objectives Of The Study
1.2 Definition
1.3 Market Scope
1.4 Years Considered For The Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities In The Oil Accumulator Market, 2018-2023
4.2 Oil Accumulator Market, By Region, 2017
4.3 Oil Accumulator Market, By Application, 2018 - 2023
4.4 Oil Accumulator Market, By Type, 2018 - 2023
4.5 Oil Accumulator Market, By Pressure Rating, 2017
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Digital Revolution In The Oil & Gas Industry
5.2.1.2 Shale Gas Exploration Boom In The Us:
5.2.2 Restraints
5.2.2.1 Transition To Renewable Sources Of Energy:
5.2.3 Opportunities
5.2.3.1 Offshore Discoveries
5.2.4 Challenges
5.2.4.1 Oversupply Of Oil
5.3 Technological Overview
5.3.1 Depth Compensated Bottle
5.3.1.1 Introduction
5.3.1.2 Driver: Rise In Deep Water Drilling
5.3.1.3 Driver: Volumetric Efficiency Of The Technology
5.3.1.4 High Installation Cost
5.3.2 Market Players
5.4 Restraint/Challenge Composite Accumulators
5.4.1 Introduction
5.4.1.1 Driver Increase Demand For Light Weight Accumulator
5.4.2 Major Players
5.5 Condition Monitoring
5.5.1 Introduction
6 Oil Accumulator Market, By Type
6.1 Introduction
6.2 Bladder
6.3 Piston
6.4 Diaphragm
7 Oil Accumulator Market, By Pressure Rating
7.1 Introduction
7.2 Above 6,000 Psi
7.3 Up To 6,000 Psi
7.4 Insights For Above 20000 Psi
8 Oil Accumulator Market, By Onshore Vs Offshore
8.1 Introduction
8.2 Onshore
8.3 Offshore
9 Oil Accumulator Market, By Application
9.1 Introduction
9.2 Bop & Wellhead Control
9.3 Offshore Rig
9.4 Mud Pumps
10 Oil Accumulator Market, By Region
11 Competitive Landscape
11.1 Overview
11.1.1 Supplier Mapping
11.1.2 Key List Of Equipment By Pressure Category
11.2 Ranking Of Players And Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Investments & Expansions
11.3.3 Mergers & Acquisitions
11.3.4 Contracts & Agreements
11.3.5 Others
12 Company Profile
12.1 Benchmarking
12.2 Eaton
12.3 Parker Hannifin
12.4 Bosch
12.5 Hydac
12.6 Freudenberg
12.7 Nippon Accumulators
12.8 Technetics Group
12.9 Hannon Hydraulics
12.10 Rotec Hydraulics
12.11 Roth Hydraulics
12.12 Accumulators
12.13 Hydroll
12.14 Kocsis
12.15 Hystat
12.16 Servi Fluid
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