Oil and Gas Accumulator Market Growth, Forecast and Value Chain 2015-2025: FMI Estimate

Global Oil and Gas
Accumulator Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 - 2025
Future Market Insights
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Report
Description
Report Description
The global oil & gas accumulator market is expected to grow significantly in coming years,
despite recent plummeting of crude oil market. With an increase in crude oil prices, the drilling
activities across the globe are expected to pick up pace, resulting in an increase in the global oil
& gas accumulator market.
An accumulator is a device used to store potential energy. The energy is stored in the form of
compressed gas, spring or a raised weight, which is used to exert force on incompressible liquid.
The global oil and gas accumulator market report assesses various aspects and importance of
accumulators in the oil and gas industry.
Oil & Gas Accumulator Market: Drivers
The crude oil and natural gas production is increasing so as to satisfy the ever increasing demand
for energy. The increase in production is one of the key drivers for the global oil and gas
accumulator market, as increased production requires more number of rigs. Within the global oil
& gas accumulator market, accumulators are used in drilling rigs as well as in Blow-Out
Preventers (BOPs). An increasing number of wells results in growing demand for accumulators.
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Description
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Oil & Gas Accumulator Market: Segmentation
The global oil & gas accumulator market has been segmented according to regions across the
globe, as North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific and
Middle East & Africa. Due to high drilling activities in the North American region as compared to
other regions across the globe, the global oil & gas accumulator market represents an increased
usage of accumulators in the North American market in 2014.
As far as the type of accumulators are concerned, the global oil & gas accumulator market has
also been segmented according to the types of accumulators used in the oil & gas industry such
as bladder type, piston type, diaphragm type and spring type. The bladder type accumulators
are most widely used type of accumulators in the global oil & gas accumulator market. The
bladder type accumulators are also expected to be one of the fastest growing accumulators
when compared on the basis of annual growth rate with other accumulator types.
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For applications in the oil and gas industry, the global oil & gas accumulator market has been
segmented into applications such as in BOPs, mud pumps and others.
BOPs account for most wide application of accumulators in the global oil & gas accumulator
market. This is due to the fact that accumulators possess the capability to operate BOPs in case
of a power failure, which is one of the key reasons for its dominance the global oil & gas
accumulator market in coming years.
Oil & Gas Accumulator Market: Market Players
In the global oil & gas accumulator market, key global market players include companies such as
Bosch Rexroth AG, Eaton Corporation, Parker-Hannifin Corporation, Tobul Accumulator Inc., and
Nippon Accumulator Co. Ltd.
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The global oil & gas accumulator market is expected to grow significantly in coming years, despite recent plummeting of crude oil market. With an increase in crude oil prices, the drilling activities across the globe are expected to pick up pace, resulting in an increase in the global oil & gas accumulator market. An accumulator is a device used to store potential energy. The energy is stored in the form of compressed gas, spring or a raised weight, which is used to exert force on incompressible liquid. The global oil and gas accumulator market report assesses various aspects and importance of accumulators in the oil and gas industry.