Market Overview:
The global oil and gas accumulator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing exploration and production activities in offshore areas are also contributing to the growth of this market. The metal type segment is expected to dominate the global oil and gas accumulator market during the forecast period from 2018 to 2030. This segment is anticipated to account for more than 60% share of this market by 2030 owing to its high durability, strength, and resistance against corrosion.
Product Definition:
An accumulator is a device used to store pressurized fluid, such as oil or gas. The fluid can be released when needed to power an engine or other machinery.
Metal:
Metal is an alloy of two or more elements, which are usually at least partially soluble in non- polar solvents. The most common ones are aluminum, copper and zinc. Some other metals also exist but their production is very limited; Gold, Platinum and Mercury for example.
Metal's ability to gather energy from heat makes it extremely useful in various industries such as power generation plants (for electricity), chemical processing plants (for chemicals).
Non-metallic:
Non-metallic oil and gas accumulator is used to store the energy in an elastic medium. The most common types of non-metallic oil and gas accumulators are made from synthetic or natural rubber, nitrile rubber, chloroprene rubber, silicone (polymer) and neoprene (synthetic).
Application Insights:
The global demand for oil and gas accumulators has witnessed a paradigm shift due to the rise in awareness regarding environmental protection. The application of oil and gasaccumulators in the upstream segment, which includes exploration as well as production activities, is expected to witness growth over the forecast period owing to its usagein various sub-segments including LNG export facilities, onshore/offshore platforms and pipelines, natural gas processing plants among others.
Blowout preventers (BOP) are used during drilling operations or while working at depths below the seabed where pressure is increased inside a pipeline. It preventsgas from escaping into the atmosphere through explosions caused by mechanical failure ofthe equipment or human error during operation.
Regional Analysis:
North America dominated the global oil and gas accumulator market in 2016. The region is expected to witness moderate growth over the forecast period owing to a decline in U.S. shale plays and other onshore conventional production activities, which resulted into lower demand for oilfield services such as drilling, completion techniques, wellhead equipment installation etc., However, steady offshore operations are anticipated to drive the regional market over the forecast period.
The Middle East & Africa (MEA) is expected to grow at a significant rate during the forecast period due to increasing exploration activities off-shore Nigeria and Angola coupled with growing upstream sector of countries such as Kuwait and UAE that has led towards higher product demand across various applications including blowout preventers (BOP)and mud pumps in this region.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in exploration and production activities by oil and gas companies
- Proliferation of shale gas exploration and development projects globally
- Stringent environmental regulations for controlling air pollution from industries, which is driving the demand for oil and gas accumulators
- Technological advancements in design of oil and gas accumulators that are helping to improve their performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Accumulator Market Research Report
By Type
Metal, Non-metallic
By Application
Blowout preventers (BOP), Mud pumps
By Companies
Hydac International, Bosch Rexroth, Eaton, Parker Hannifin, Airmo, Hannon Hydraulics, Accumulators, Freudenberg Sealing Technologies, Roth Industries, General Electric, NIPPON ACCUMULATOR, Technetics Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Accumulator Market Report Segments:
The global Oil and Gas Accumulator market is segmented on the basis of:
Types
Metal, Non-metallic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Blowout preventers (BOP), Mud pumps
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hydac International
- Bosch Rexroth
- Eaton
- Parker Hannifin
- Airmo
- Hannon Hydraulics
- Accumulators
- Freudenberg Sealing Technologies
- Roth Industries
- General Electric
- NIPPON ACCUMULATOR
- Technetics Group
Highlights of The Oil and Gas Accumulator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Non-metallic
- By Application:
- Blowout preventers (BOP)
- Mud pumps
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Accumulator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An oil and gas accumulator is a device used to store oil or natural gas.
Some of the key players operating in the oil and gas accumulator market are Hydac International, Bosch Rexroth, Eaton, Parker Hannifin, Airmo, Hannon Hydraulics, Accumulators, Freudenberg Sealing Technologies, Roth Industries, General Electric, NIPPON ACCUMULATOR, Technetics Group.
The oil and gas accumulator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil and Gas Accumulator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil and Gas Accumulator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil and Gas Accumulator Market - Supply Chain
4.5. Global Oil and Gas Accumulator Market Forecast
4.5.1. Oil and Gas Accumulator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil and Gas Accumulator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil and Gas Accumulator Market Absolute $ Opportunity
5. Global Oil and Gas Accumulator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil and Gas Accumulator Market Size and Volume Forecast by Type
5.3.1. Metal
5.3.2. Non-metallic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil and Gas Accumulator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil and Gas Accumulator Market Size and Volume Forecast by Application
6.3.1. Blowout preventers (BOP)
6.3.2. Mud pumps
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil and Gas Accumulator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil and Gas Accumulator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil and Gas Accumulator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil and Gas Accumulator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil and Gas Accumulator Demand Share Forecast, 2019-2029
9. North America Oil and Gas Accumulator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil and Gas Accumulator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil and Gas Accumulator Market Size and Volume Forecast by Application
9.4.1. Blowout preventers (BOP)
9.4.2. Mud pumps
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil and Gas Accumulator Market Size and Volume Forecast by Type
9.7.1. Metal
9.7.2. Non-metallic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil and Gas Accumulator Demand Share Forecast, 2019-2029
10. Latin America Oil and Gas Accumulator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil and Gas Accumulator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil and Gas Accumulator Market Size and Volume Forecast by Application
10.4.1. Blowout preventers (BOP)
10.4.2. Mud pumps
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil and Gas Accumulator Market Size and Volume Forecast by Type
10.7.1. Metal
10.7.2. Non-metallic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil and Gas Accumulator Demand Share Forecast, 2019-2029
11. Europe Oil and Gas Accumulator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil and Gas Accumulator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil and Gas Accumulator Market Size and Volume Forecast by Application
11.4.1. Blowout preventers (BOP)
11.4.2. Mud pumps
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil and Gas Accumulator Market Size and Volume Forecast by Type
11.7.1. Metal
11.7.2. Non-metallic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Groth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil and Gas Accumulator Demand Share, 2019-2029
12. Asia Pacific Oil and Gas Accumulator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil and Gas Accumulator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil and Gas Accumulator Market Size and Volume Forecast by Application
12.4.1. Blowout preventers (BOP)
12.4.2. Mud pumps
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil and Gas Accumulator Market Size and Volume Forecast by Type
12.7.1. Metal
12.7.2. Non-metallic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil and Gas Accumulator Demand Share, 2019-2029
13. Middle East & Africa Oil and Gas Accumulator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil and Gas Accumulator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil and Gas Accumulator Market Size and Volume Forecast by Application
13.4.1. Blowout preventers (BOP)
13.4.2. Mud pumps
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil and Gas Accumulator Market Size and Volume Forecast by Type
13.7.1. Metal
13.7.2. Non-metallic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil and Gas Accumulator Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Oil and Gas Accumulator Market: Market Share Analysis
14.2. Oil and Gas Accumulator Distributors and Customers
14.3. Oil and Gas Accumulator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hydac International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bosch Rexroth
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Parker Hannifin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Airmo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hannon Hydraulics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Accumulators
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Freudenberg Sealing Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Roth Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. General Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NIPPON ACCUMULATOR
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Technetics Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
