Accumulators are the energy storage devices that accumulate the potential energy. These devices find their applications in leakage compensation, shock or pulsation dampening, energy conservation, thermal expansion, and noise reduction. The commonly available types of these devices are spring type, piston type, and diaphragms.
The rise in exploration and drilling activities resulted in increased oil spills, which in turn, had a negative impact on the aquatic as well as the human life. The increasing environmental risks and strict government regulations will be one of the major factors that will have a positive impact on the growth of the market. These risks are also creating an awareness about the environmental impact of oil spill and accidents by introducing initiatives such as the Paris climate agreement. As a result, various drilling and production companies are installing quality BOP systems, to maintain the pressure balance in the wellbore. This in turn, will boost the installation of pressure accumulator.
The Oil and Gas Accumulator market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Oil and Gas Accumulator.
This report presents the worldwide Oil and Gas Accumulator market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Freudenberg Sealing Technologies
Oil and Gas Accumulator Breakdown Data by Type
Oil and Gas Accumulator Breakdown Data by Application
Blowout preventers (BOP)
Oil and Gas Accumulator Production by Region
Oil and Gas Accumulator Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Oil and Gas Accumulator status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Oil and Gas Accumulator manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Oil and Gas Accumulator :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Oil and Gas Accumulator market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.