Oil Accumulator Global Market Report 2024

Description

“Oil Accumulator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on oil accumulator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for oil accumulator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oil accumulator market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Bladder Accumulator; Piston Accumulator; Diaphragm Accumulator
2) By Pressure Rating: Up to 6,000 Psi; Above 6,000 Psi
3) By Application: Blow Out Preventer and Well Head Control; Offshore Rigs; Mud Pumps
Companies Mentioned: Hydac GmbH; Parker Hannifin Corporation; Bosch Rexroth AG; Nipon Accumulator Co. Ltd.; Technetics Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An oil accumulator is an energy storage device designed to retain fluid using an external source like a spring, gas, or piston, serving various purposes such as noise reduction and pulsation dampening.

The primary oil accumulator types comprise low-density polyethylene, linear low-density polyethylene, high-density polyethylene, ethylene vinyl acetate, and others. Low-density polyethylene is characterized by its soft, flexible, lightweight plastic composition, renowned for attributes like low-temperature flexibility, toughness, and corrosion resistance. This highly versatile plastic finds frequent use in applications such as flexible film and bags. Pressure ratings vary, ranging from up to 6,000 psi to above 6,000 psi, with diverse applications spanning blow-out preventers, wellhead control, offshore rigs, and mud pumps.

The oil accumulator market research report is one of a series of new reports from The Business Research Company that provides oil accumulator market statistics, including oil accumulator industry global market size, regional shares, competitors with an oil accumulator market share, detailed oil accumulator market segments, market trends and opportunities, and any further data you may need to thrive in the oil accumulator industry. This oil accumulator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The oil accumulator market size has grown strongly in recent years. It will grow from $47. 92 billion in 2023 to $51. 65 billion in 2024 at a compound annual growth rate (CAGR) of 7. 8%. The growth observed in the historical period can be ascribed to the increasing activities in oil exploration, expansion of industrial operations, heightened attention to safety and efficiency, and the overall growth in the global economy.

The oil accumulator market size is expected to see strong growth in the next few years. It will grow to $69. 66 billion in 2028 at a compound annual growth rate (CAGR) of 7. 8%. The anticipated growth in the forecast period can be credited to the transition towards renewable energy, the emergence of new markets, the resilience of oil prices, and adherence to regulatory standards. Key trends expected during this period encompass digitalization and IoT integration, the integration of smart technologies, initiatives in green energy, emphasis on customization and modular design, a focus on reducing downtime, collaborative efforts and partnerships, and the expansion of the market in the Asia-Pacific region.

The anticipated growth in exploration and production activities is set to drive the oil accumulator market in the future. In the oil and gas industry, exploration involves geological surveys and securing land rights, while production encompasses both onshore and offshore drilling. Oil accumulators play a crucial role in preventing fluid loss and managing extreme pressures and uncontrolled flow during oil and gas exploration. An example of this trend is seen in the Indian Brand Equity Foundation's report, indicating that in October 2021, the Union Ministry of Petroleum and Natural Gas approved $3. 8 billion for increasing refining capacity, and Bharat Petroleum invested $13. 66 billion in upstream oil and gas exploration and production in 2021. Consequently, the surge in exploration and production activities is expected to be a driving force for the oil accumulator market in the forecast period.

The growing demand for the oil and gas industry is another factor expected to fuel the expansion of the oil accumulator market. Globally, the oil and gas sector involves the exploration, extraction, refining, and distribution of hydrocarbon-based resources, primarily crude oil and natural gas. As per the EIA, advancements in oil and gas industry technologies will lead to increased per-well recoveries and shale gas output. The proportion of natural gas is projected to rise from 34% to 39% by 2050 due to intensified drilling activities. Consequently, the escalating demand within the oil and gas industry is anticipated to propel the oil accumulator market during the forecast period.

A prominent trend in the oil accumulator market is the emergence of new product innovations. Major companies operating in this market are introducing novel products to maintain their market standing. For instance, in May 2021, Liebherr, a German equipment manufacturer, introduced piston accumulators designed for the 250 and 350 bar pressure range, offering a versatile solution for hydraulic systems with a range of piston diameters from 100 to 360 mm.

Major companies in the oil accumulator market are investing in new technologies to enhance their market profitability. Oxlube L7-NPG, an ester-based oil designed for electric vehicle (EV) fluids, is an example. Launched by OQ Chemicals in September 2022, this ester-based oil offers excellent thermal stability, oxidative stability, and lubricity, making it suitable for high-performance applications, especially in EVs where high temperatures are generated by electric motors and drivetrain components.

In August 2021, Parker Hannifin Corporation, a US-based motion and control technologies company, acquired LORD Corporation for $3. 675 billion. This strategic move aimed to create a synergistic business with strong materials science capabilities, focusing on electrification and aerospace product lines. LORD Corporation, a US-based technology and manufacturing company, specializes in developing adhesives, coatings, motion management devices, and sensing technologies for industries such as aerospace, automotive, oil and gas, and industrial.

Major companies operating in the in the oil accumulator market report are Hydac GmbH, Parker Hannifin Corporation, Bosch Rexroth AG, Nipon Accumulator Co. Ltd., Technetics Group, Eaton Corporation PLC, Hannon Hydraulics, The Freudenberg Group, Hydroll oy, Baker Hughes Company, Tobul Accumulator Inc., Roth Industries GmbH & Co. KG, Rotec Hydraulics Ltd., Canton Racing Products, Moroso Performance Products, Valaris Limited, Acadian Contractors Inc., Schlumberger NV, Nabors Industries Ltd., Halliburton Company, Saipem S. p. A, Transocean Ltd., Helmerich & Payne Inc., Airmo Inc., Airtrol Components Inc., Bieri Hydraulik AG, Blacoh Industries Inc., C & C Industries Inc., Enerpac, Fawcett Christie Hydraulics Pvt. Ltd.

North America was the largest region in the oil accumulator market in 2023. The regions covered in the oil accumulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the oil accumulator market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The oil accumulator market consists of sales of weight loaded piston type, diaphragm (or bladder) type, spring type and the hydro pneumatic piston type oil accumulator. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10492

1. Executive Summary

2. Oil Accumulator Market Characteristics

3. Oil Accumulator Market Trends And Strategies

4. Oil Accumulator Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Oil Accumulator Market Size and Growth

5.1. Global Oil Accumulator Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Oil Accumulator Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Oil Accumulator Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Oil Accumulator Market Segmentation

6.1. Global Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bladder Accumulator
Piston Accumulator
Diaphragm Accumulator
6.2. Global Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Up to 6,000 Psi
Above 6,000 Psi
6.3. Global Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Blow Out Preventer and Well Head Control
Offshore Rigs
Mud Pumps

7. Oil Accumulator Market Regional And Country Analysis

7.1. Global Oil Accumulator Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Oil Accumulator Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Oil Accumulator Market

8.1. Asia-Pacific Oil Accumulator Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Oil Accumulator Market

9.1. China Oil Accumulator Market Overview
9.2. China Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Oil Accumulator Market

10.1. India Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Oil Accumulator Market

11.1. Japan Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Oil Accumulator Market

12.1. Australia Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Oil Accumulator Market

13.1. Indonesia Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Oil Accumulator Market

14.1. South Korea Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Oil Accumulator Market

15.1. Western Europe Oil Accumulator Market Overview
15.2. Western Europe Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Oil Accumulator Market

16.1. UK Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Oil Accumulator Market

17.1. Germany Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Oil Accumulator Market

18. 5. France Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Oil Accumulator Market

19. 9. Italy Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Oil Accumulator Market

20.13. Spain Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Oil Accumulator Market

21.1. Eastern Europe Oil Accumulator Market Overview
21.2. Eastern Europe Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Oil Accumulator Market

22.1. Russia Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Oil Accumulator Market

23.1. North America Oil Accumulator Market Overview
23.2. North America Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Oil Accumulator Market

24.1. USA Oil Accumulator Market Overview
24.2. USA Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Oil Accumulator Market

25.1. Canada Oil Accumulator Market Overview
25.2. Canada Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Oil Accumulator Market

26.1. South America Oil Accumulator Market Overview
26.2. South America Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Oil Accumulator Market

27.1. Brazil Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Oil Accumulator Market

28.1. Middle East Oil Accumulator Market Overview
28.2. Middle East Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Oil Accumulator Market

29.1. Africa Oil Accumulator Market Overview
29.2. Africa Oil Accumulator Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Oil Accumulator Market, Segmentation By Pressure Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Oil Accumulator Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Oil Accumulator Market Competitive Landscape And Company Profiles

30.1. Oil Accumulator Market Competitive Landscape
30.2. Oil Accumulator Market Company Profiles
- 30.2.1. Hydac GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Parker Hannifin Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Bosch Rexroth AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Nipon Accumulator Co. Ltd.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Technetics Group
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Oil Accumulator Market Competitive Benchmarking

32. Global Oil Accumulator Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Oil Accumulator Market

34. Oil Accumulator Market Future Outlook and Potential Analysis

34.1 Oil Accumulator Market In 2028 - Countries Offering Most New Opportunities
34.2 Oil Accumulator Market In 2028 - Segments Offering Most New Opportunities
34. 3 Oil Accumulator Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer