Oil Accumulator Market Analysis by Applications, Benefits
and Top Vendors 2018
The report "Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Pressure
Rating (Up to 6,000 Psi and Above 6,000 Psi), Onshore vs Offshore, Application (Blowout
Preventer & Well Head Control, Offshore Rigs, and Mud Pumps), and Region - Global
Forecast to 2023", The oil accumulator market is expected to grow from an estimated USD 488.5
million in 2018 to USD 617.1 million by 2023, at a CAGR of 4.78%, during the forecast period. The
market is set to witness growth because of the digital revolution in the oil & gas industry and
shale gas exploration in the US.
Browse 82 market data Tables and 31 Figures spread through 124 Pages and in-depth TOC
on "Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Pressure Rating (Up
to 6,000 Psi and Above 6,000 Psi), Onshore vs Offshore, Application (Blowout Preventer &
Well Head Control, Offshore Rigs, and Mud Pumps), and Region - Global Forecast to 2023"
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84277665.html
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Bladder segment is expected to be the largest oil accumulator market, by type, in 2018.
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 in dustries are
driving the oil accumulator market. The strong market share of bladder accumulators is attributed
to high preference of customers for this type of accumulator, which is further expected to
continue holding the largest share in the future with new API regulations. Another advantage of
bladder accumulators is that it can be used for almost many offshore applications and has high
durability compared with other types.
Up to 6,000 PSI segment is expected to be the fastest oil accumulator market, by pressure
ratings, during the forecast period.
The up to 6,000 PSI segment is expected to be the fastest growing oil accumulator market from
2018 to 2023. This is due to various factors, including rising investments in the oil & gas
industries. Consumption of accumulators of pressure ranges up to 6,000 psi is higher because of
the application of multiple units in place of a single unit to avoid idle time during production or
drilling; this is expected to drive the up to 6,000 PSI segment of the oil accumulat or market.