9:10 AM Oil Accumulator Market Size to Grow at a CAGR of 5.1 % |
| Oil Accumulator Market is expected to grow at a CAGR of 5.1% during the next five years, according to a newly added report by Stratview Research. The major factors driving the market are the digital revolution in the oil & gas industry and growing exploration and production activities in countries, such as India, China, Indonesia, Australia.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period.
Request a sample of the report here As per the report, among different accumulator types, The bladder segment dominated the market in 2019, and is expected to remain the largest segment during the forecasted period. Increase in investment in onshore and offshore applications are driving the growth of the segment. Bladder accumulators are quite useful in various offshore applications and they own high durability. Based on the application type, the market is segmented as bop & wellhead control, offshore rig, and mud pumps. The blow out preventer & well head control segment is estimated to register the highest growth during the forecast period. The growth of the segment is attributed to the use of BOPs in both, onshore and offshore activities. Based on the pressure type, the market is segmented as above 6,000 PSI and up to 6,000 PSI. The up to 6,000 PSI segment led the market in 2019, and is expected to witness a faster growth during the forecasted period. The growth of the segment is driven by the increase in consumption of up to 6,000 psi as it is useful in multiple applications to avoid idle time during production. View the Table of Contents here North America is expected to dominate the oil accumulator market during the forecast period. The market is driven by the leading countries, such as the US and Canada, which are immensely contributing to the growth of the oil accumulator market in the North American region. On the other hand, the market is being gradually captured by the Asia-Pacific region, with China and India as the major growth engines, as the increase in maritime security activities and growth in offshore oil & gas production are improving. Also, the European market is expanding owing to improved maritime security and rise in oil & gas production, which is likely to drive the market during the forecast period. Read the Full Report Description here The report further mentions about the key manufacturing players Nippon Accumulator Co. Ltd., Eaton Corporation, Parker Hannifin Corporation, and Bosch Rexroth AG. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the oil accumulator market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly. Salient Features of the Report The report on oil accumulator market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as: •
About Stratview Research: Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 |
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