Oil Accumulator market - Overview
The global Oil Accumulator market is estimated to expand at ~4.80% CAGR during the forecast period.
Oil Accumulator are hydro-pneumatic equipment that utilizes the compressibility of gas and are widely used as a supplementary energy source. The fluid is stored via an external source that can either be piston, spring, gas and fluid. These accumulators are available in different shapes. Most popular types of oil and gas accumulators are diaphragm, bladder and piston. Exploration as well as drilling activities supported by greater need for crude oil is driving the oil & gas market

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The growing demand for Oil Accumulator market is attributed to the growing IoT in oil & Gas industry and rising demand for digitalization due to Increased productivity, safety operations, and cost savings are the potential benefits of digital transformation in oil & gas. One of the major restraints for the global oil accumulator market is transition to renewable sources of energy

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Segmental Analysis:
Global Oil Accumulator market has been segmented based on type, pressure rating, application, and region. Based on type, the market is classified into bladder, piston, and diaphragm. The bladder segment of the oil accumulator market, by type, is expected to be the largest market from 2018 to 2023. Factors such as high investment in onshore and offshore industries are driving the oil accumulator market. Another advantage of bladder accumulator is that it can be used for almost many offshore applications and has high durability compared with other types. The global Oil Accumulator market is further segmented based on pressure rating, including up to 6000 psi and above 6000 psi. Up to 6000 psi segment of the global Oil Accumulator market is estimated to register the highest growth rate during the forecast period.

Prominent Players:
The key players of global Oil Accumulator market are Eaton (Ireland), Parker Hannifin (US), Bosch (Germany), Hydac (Germany), Freudenberg (Germany), Technetics Group (US), Hannon Hydraulics (US), Rotec Hydraulics (UK), Roth Hydraulics (Germany), Hydroll (Finland), and others.

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