The Global Oil Accumulator Market is Projected to Grow from $488.5 Million in 2018 to $617.1 Million by 2023, at a CAGR of 4.78% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--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 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 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).
DriversDigital Revolution in the Oil & Gas Industry Shale Gas Exploration Boom in the US
RestraintsTransition to Renewable Sources of Energy
ChallengesOversupply of Oil
Key Topics Covered
1 Introduction 1.1 Objectives Of The Study 1.2 Definition 1.3 Market Scope 1.3.1 Market Segmentation 1.3.2 Scope Of Accumulator Type By Equipment 1.3.3 Regional Scope 1.4 Years Considered For The Study 1.5 Currency 1.6 Limitation 1.7 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 22.214.171.124 Secondary Sources 2.1.2 Primary Data 126.96.36.199 Key Data From Primary Sources 188.8.131.52 Breakdown Of Primaries 2.2 Market Size Estimation 2.2.1 Bottom-Up Approach 2.2.2 Top-Down Approach 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 5.2.2 Restraints 5.2.3 Opportunities 5.2.4 Challenges 5.3 Technological Overview 5.3.1 Depth Compensated Bottle 184.108.40.206 Introduction 220.127.116.11 Driver: Rise In Deep Water Drilling 18.104.22.168 Driver: Volumetric Efficiency Of The Technology 22.214.171.124 High Installation Cost 5.3.2 Market Players 5.4 Restraint/Challenge Composite Accumulators 5.4.1 Introduction 126.96.36.199 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 10.1 Introduction 10.2 Asia Pacific 10.3 North America 10.4 Europe 10.5 South America 10.6 Middle East 10.7 Africa
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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Related Topics:Oilfield Equipment and Services
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: Research and Markets
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PUB: 12/19/2018 05:38 AM/DISC: 12/19/2018 05:38 AM