Oil Accumulator Market – Global Industry Analysis and Forecast (2022-2029)


Oil Accumulator Market was valued at US$ 562.08 Mn in 2021 and is expected to reach US$ 811.6 Mn by 2029, at a CAGR of 4.70% during the forecast period.

An accumulator is a pressure storage tank, which supplies a specific amount of fluid that is under pressure. This fluid is later unconstrained to perform a specific operation in the hydraulic system. The fluid, which is stored via an external source that can either be piston, spring, gas, and fluid. Oil accumulators are used for different purposes, comprising noise reduction as well as pulse dampening. These accumulators are available in different shapes as per the customization.

Global Oil Accumulator MarketTo know about the Research Methodology:-Request Free Sample Report

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Increasing safety concerns and various environmental threats related to oil & gas exploration activities are expected to enhance the growth of the oil accumulator market. Fast exhaustion of crude oil reserves has prompted key players to take up new exploration developments to survive up with increasing demand. Furthermore, technical challenges faced by the manufacturers to produce accumulators to suit the appropriate application coupled with stringent environmental regulations may hamper the oil accumulator market growth.

The bladder segment is expected to dominate the global oil accumulator market in the forecast period. The dominance of the market is attributed to increasing demand for bladder accumulators owing to the exploration and production spending and its wide usage in blowout preventer applications. High investment in onshore and offshore activities by emerging economies will be booming the oil accumulator market. It has high durability compared with other types.

Blowout Preventer & Well Head Control is expected to lead the global oil accumulator market owing to its usage in the wide application of accumulators. These accumulators possess the capability to operate blowout preventer & wellhead control in case of a power failure, which is one of the key drivers for its dominance in the global oil & gas accumulator market in the forecast period.

The up to 6,000 psi is estimated to contribute a major share in the oil accumulator market in 2017. The major contribution is driven owing to its usefulness for the application of multiple units in place of a single unit to reduce the idle time during production or drilling. Rising investments in the oil & gas industries are increasing the growth of the oil accumulator market.

The report provides a detailed overview of the oil accumulator market including regional analysis information. Geographically, North America is expected to share a significant share of the growth in the oil accumulator market. The growth is attributed to digitalization in the oil & gas industry, and shale gas exploration in this region. The US and Canada are estimated to contribute a large amount of share in the oil accumulator market. Furthermore, Asia Pacific is projected to lead the oil accumulator market owing to the rapid industrialization and the increasing presence of the oil and gas industries in this region.

The Middle East and Africa are also contributing share in the oil accumulator market owing to the presence of the oil and gas industry and the increasing investment in the oil sector.
The report gives a clear representation of the current market scenario of the oil accumulator market, which includes projected market size in terms of value and volume, pestle analysis, Porter's analysis factors in the market.

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Global Global Oil Accumulator Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US$ 562.08 Mn.




Forecast Period 2022 to 2029 CAGR:
4.70%
Market Size in 2029:
US$ 811.6 Mn.




 Segments Covered:
by Type
• Bladder
• Piston
• Diaphragm




by Pressure Type
• Up to 6,000 Psi
• Above 6,000 Psi




by Application
• Blowout Preventer & Well Head Control
• Offshore Rigs
• Mud Pumps






Oil Accumulator Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Major Key Players Operating in the Global Oil Accumulator Market Company Are:

• Eaton Corporation
• GE Oil & Gas
• Nippon Accumulator Co., Ltd.
• Parker Hannifin Corp.
• Bosch Rexroth USA
• Technetics
• Hydac International GMBH
• Tobul Accumulator Inc.
• Accumulators Inc.
• Airmo Inc.
• Bolenz& Schafer Gmbh
• Hydril Pressure Control
• Hannon Hydraulics
• Hydac International Gmbh
• Pressure Technologies
• Freudenberg Sealing Technologies

Frequently Asked Questions:

1. Which region has the largest share in Global Oil Accumulator Market?
Ans: North America region held the highest share in 2021.

2. What is the growth rate of Global Oil Accumulator Market?
Ans: The Global Oil Accumulator Market is expected to grow at a CAGR of 4.70% during forecast period 2022-2029.

3. What is scope of the Global Oil Accumulator market report?
Ans: Global Oil Accumulator Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Oil Accumulator market?
Ans: The important key players in the Global Oil Accumulator Market are – Eaton Corporation, GE Oil & Gas, Nippon Accumulator Co., Ltd., Parker Hannifin Corp., Bosch Rexroth USA, Technetics, Hydac International GMBH, Tobul Accumulator Inc., Accumulators Inc., Airmo Inc., Bolenz& Schafer Gmbh, Hydril Pressure Control, Hannon Hydraulics, Hydac International Gmbh, Pressure Technologies, and Freudenberg Sealing Technologies.

5. What is the study period of this market?
Ans: The Global Oil Accumulator is studied from 2021 to 2029. 





Global Oil Accumulator Market

1. Preface
1.1. Research Objectives
1.2. Report Scope and Market Segmentation

2. Assumptions and Research Methodology
2.1. Abbreviations

3. Executive Summary
3.1. Global Oil Accumulator Market Size, by Market Value (US$ Mn) and Market Volume

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
4.4. Global Oil Accumulator Market Industry Trends

5. Global Oil Accumulator Market Analysis and Forecast
5.1. Global Oil Accumulator Market Size& Y-o-Y Growth Analysis
5.1.1. North America
5.1.2. Europe
5.1.3. Asia Pacific
5.1.4. Middle East & Africa
5.1.5. South America

6. Global Oil Accumulator Market Analysis and Forecast, By Type
6.1. Introduction and Definition
6.2. Global Oil Accumulator Market Value Share Analysis, By Type
6.3. Global Oil Accumulator Market Size (US$ Mn) Forecast, By Type
6.4. Global Oil Accumulator Market Analysis, By Type
6.5. Global Oil Accumulator Market Attractiveness Analysis, By Type
6.6. Key Trends
6.6.1. Key Developments

7. Global Oil Accumulator Market Analysis and Forecast, By Pressure Type
7.1. Introduction and Definition
7.2. Global Oil Accumulator Market Value Share Analysis, By Pressure Type
7.3. Global Oil Accumulator Market Size (US$ Mn) Forecast, By Pressure Type
7.4. Global Oil Accumulator Market Analysis, By Pressure Type
7.5. Global Oil Accumulator Market Attractiveness Analysis, By Pressure Type
7.6. Key Trends
7.6.1. Key Developments

8. Global Oil Accumulator Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Global Oil Accumulator Market Value Share Analysis, By Application
8.3. Global Oil Accumulator Market Size (US$ Mn) Forecast, By Application
8.4. Global Oil Accumulator Market Analysis, By Application
8.5. Global Oil Accumulator Market Attractiveness Analysis, By Application
8.6. Key Trends
8.6.1. Key Developments

9. Global Oil Accumulator Market Analysis, by Region
9.1. Global Oil Accumulator Market Value Share Analysis, by Region
9.2. Global Oil Accumulator Market Size (US$ Mn) Forecast, by Region
9.3. Global Oil Accumulator Market Attractiveness Analysis, by Region
9.4. Key Trends
9.4.1. Key Developments

10. North America Oil Accumulator Market Analysis
10.1. North America Oil Accumulator Market Overview
10.2. North America Oil Accumulator Market Value Share Analysis, By Type
10.3. North America Oil Accumulator Market Forecast, By Type
10.3.1. Bladder
10.3.2. Piston
10.3.3. Diaphragm
10.4. North America Oil Accumulator Market Value Share Analysis, By Pressure Type
10.5. North America Oil Accumulator Market Forecast, By Pressure Type
10.5.1. UP TO 6,000 PSI
10.5.2. Above 6,000 Psi
10.6. North America Oil Accumulator Market Value Share Analysis, By Application
10.7. North America Oil Accumulator Market Forecast, By Application
10.7.1. Blowout Preventer & Well Head Control
10.7.2. OFFSHORE RIGS
10.7.3. MUD PUMPS
10.8. North America Oil Accumulator Market Value Share Analysis, by Country
10.9. North America Oil Accumulator Market Forecast, by Country
10.9.1. U.S.
10.9.2. Canada
10.10. North America Oil Accumulator Market Analysis, by Country
10.11. U.S. Oil Accumulator Market Forecast, By Type
10.11.1. Bladder
10.11.2. Piston
10.11.3. Diaphragm
10.12. U.S. Oil Accumulator Market Forecast, By Pressure Type
10.12.1. UP TO 6,000 PSI
10.12.2. Above 6,000 Psi
10.13. U.S. Oil Accumulator Market Forecast, By Application
10.13.1. Blowout Preventer & Well Head Control
10.13.2. OFFSHORE RIGS
10.13.3. MUD PUMPS
10.13.4. Converter & Inverter
10.14. Canada Oil Accumulator Market Forecast, By Type
10.14.1. Bladder
10.14.2. Piston
10.14.3. Diaphragm
10.15. Canada Oil Accumulator Market Forecast, By Pressure Type
10.15.1. UP TO 6,000 PSI
10.15.2. Above 6,000 Psi
10.16. Canada Oil Accumulator Market Forecast, By Application
10.16.1. Blowout Preventer & Well Head Control
10.16.2. OFFSHORE RIGS
10.16.3. MUD PUMPS
10.17. North America Oil Accumulator Market Attractiveness Analysis
10.17.1. By Type
10.17.2. By Pressure Type
10.17.3. By Application
10.18. PEST Analysis
10.19. Key Trends
10.19.1. Key Developments

11. Europe Oil Accumulator Market Analysis
11.1. Europe Oil Accumulator Market Overview
11.2. Europe Oil Accumulator Market Value Share Analysis, By Type
11.3. Europe Oil Accumulator Market Forecast, By Type
11.3.1. Bladder
11.3.2. Piston
11.3.3. Diaphragm
11.4. Europe Oil Accumulator Market Value Share Analysis, By Pressure Type
11.5. Europe Oil Accumulator Market Forecast, By Pressure Type
11.5.1. UP TO 6,000 PSI
11.5.2. Above 6,000 Psi
11.6. Europe Oil Accumulator Market Value Share Analysis, By Application
11.7. Europe Oil Accumulator Market Forecast, By Application
11.7.1. Blowout Preventer & Well Head Control
11.7.2. OFFSHORE RIGS
11.7.3. MUD PUMPS
11.8. Europe Oil Accumulator Market Value Share Analysis, by Country
11.9. Europe Oil Accumulator Market Forecast, by Country
11.9.1. Germany
11.9.2. U.K.
11.9.3. France
11.9.4. Italy
11.9.5. Spain
11.9.6. Rest of Europe
11.10. Europe Oil Accumulator Market Analysis, by Country/ Sub-region
11.11. Germany Oil Accumulator Market Forecast, By Type
11.11.1. Bladder
11.11.2. Piston
11.11.3. Diaphragm
11.12. Germany Oil Accumulator Market Forecast, By Pressure Type
11.12.1. UP TO 6,000 PSI
11.12.2. Above 6,000 Psi
11.13. Germany Oil Accumulator Market Forecast, By Application
11.13.1. Blowout Preventer & Well Head Control
11.13.2. OFFSHORE RIGS
11.13.3. MUD PUMPS
11.14. U.K. Oil Accumulator Market Forecast, By Type
11.14.1. Bladder
11.14.2. Piston
11.14.3. Diaphragm
11.15. U.K. Oil Accumulator Market Forecast, By Pressure Type
11.15.1. UP TO 6,000 PSI
11.15.2. Above 6,000 Psi
11.16. U.K. Oil Accumulator Market Forecast, By Application
11.16.1. Blowout Preventer & Well Head Control
11.16.2. OFFSHORE RIGS
11.16.3. MUD PUMPS
11.17. France Oil Accumulator Market Forecast, By Type
11.17.1. Bladder
11.17.2. Piston
11.17.3. Diaphragm
11.18. France Oil Accumulator Market Forecast, By Pressure Type
11.18.1. UP TO 6,000 PSI
11.18.2. Above 6,000 Psi
11.19. France Oil Accumulator Market Forecast, By Application
11.19.1. Blowout Preventer & Well Head Control
11.19.2. OFFSHORE RIGS
11.19.3. MUD PUMPS
11.20. Italy Oil Accumulator Market Forecast, By Type
11.20.1. Bladder
11.20.2. Piston
11.20.3. Diaphragm
11.21. Italy Oil Accumulator Market Forecast, By Pressure Type
11.21.1. UP TO 6,000 PSI
11.21.2. Above 6,000 Psi
11.22. Italy Oil Accumulator Market Forecast, By Application
11.22.1. Blowout Preventer & Well Head Control
11.22.2. OFFSHORE RIGS
11.22.3. MUD PUMPS
11.23. Spain Oil Accumulator Market Forecast, By Type
11.23.1. Bladder
11.23.2. Piston
11.23.3. Diaphragm
11.24. Spain Oil Accumulator Market Forecast, By Pressure Type
11.24.1. UP TO 6,000 PSI
11.24.2. Above 6,000 Psi
11.25. Spain Oil Accumulator Market Forecast, By Application
11.25.1. Blowout Preventer & Well Head Control
11.25.2. OFFSHORE RIGS
11.26. Rest of Europe Oil Accumulator Market Forecast, By Type
11.26.1. Bladder
11.26.2. Piston
11.26.3. Diaphragm
11.27. Rest of Europe Oil Accumulator Market Forecast, By Pressure Type
11.27.1. UP TO 6,000 PSI
11.27.2. Above 6,000 Psi
11.28. Rest of Europe Oil Accumulator Market Forecast, By Application
11.28.1. Blowout Preventer & Well Head Control
11.28.2. OFFSHORE RIGS
11.28.3. MUD PUMPS
11.29. Europe Oil Accumulator Market Attractiveness Analysis
11.29.1. By Type
11.29.2. By Pressure Type
11.29.3. By Application
11.30. PEST Analysis
11.31. Key Trends
11.31.1. Key Developments

12. Asia Pacific Oil Accumulator Market Analysis
12.1. Asia Pacific Oil Accumulator Market Overview
12.2. Asia Pacific Oil Accumulator Market Value Share Analysis, By Type
12.3. Asia Pacific Oil Accumulator Market Forecast, By Type
12.3.1. Bladder
12.3.2. Piston
12.4. Asia Pacific Oil Accumulator Market Value Share Analysis, By Pressure Type
12.5. Asia Pacific Oil Accumulator Market Forecast, By Pressure Type
12.5.1. UP TO 6,000 PSI
12.5.2. Above 6,000 Psi
12.6. Asia Pacific Oil Accumulator Market Value Share Analysis, By Application
12.7. Asia Pacific Oil Accumulator Market Forecast, By Application
12.7.1. Blowout Preventer & Well Head Control
12.7.2. OFFSHORE RIGS
12.7.3. MUD PUMPS
12.8. Asia Pacific Oil Accumulator Market Value Share Analysis, by Country
12.9. Asia Pacific Oil Accumulator Market Forecast, by Country
12.9.1. China
12.9.2. India
12.9.3. Japan
12.9.4. ASEAN
12.9.5. Rest of Asia Pacific
12.10. Asia Pacific Oil Accumulator Market Analysis, by Country/ Sub-region
12.11. China Oil Accumulator Market Forecast, By Type
12.11.1. Bladder
12.11.2. Piston
12.11.3. Diaphragm
12.12. China Oil Accumulator Market Forecast, By Pressure Type
12.12.1. UP TO 6,000 PSI
12.12.2. Above 6,000 Psi
12.13. China Oil Accumulator Market Forecast, By Application
12.13.1. Blowout Preventer & Well Head Control
12.13.2. OFFSHORE RIGS
12.13.3. MUD PUMPS
12.14. India Oil Accumulator Market Forecast, By Type
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