Key players are Parker Hannifin Corporation (U.S.), Bosch Rexroth Corporation (U.S.), Tobul Accumulator Inc. (U.S.), Nippon Accumulator Co. Ltd. (U.S.),
(PRWEB) March 04, 2015
The report Oil & Gas Accumulator Market - Global Trends & Forecast to 2019, defines and segments the global oil & gas accumulator market, with an analysis and forecast of the revenue ($million). The oil & gas accumulator market is set to grow from an estimated $0.89 billion in 2014 to $1.43 billion by 2019, at a CAGR of 9.9%.
Browse 81 market data tables and 54 figures spread through 175 pages and in-depth TOC on Oil & Gas Accumulator Market - Global Trends & Forecast to 2019
Early buyers will receive 10% customization on this report.
North America is estimated to be the largest revenue-generating region for oil & gas accumulators. The U.S. and Mexico will be the major countries to drive the market in this region. Asia-Pacific and Latin America are the key growing markets with high demand for oil & gas accumulators. In the ROW, although various applications such as mud pumps and offshore rigs are growing, the growth rate is low due to a lack of awareness about oil & gas accumulators. These regions, along with regions in the Middle East and Europe, contain prospective future markets for oil & gas accumulators.
Speak to Analyst http://www.marketsandmarkets.com/speaktoanalyst.asp?id=84277665
The bladder accumulator is the most widely used type of oil & gas accumulator in the world. Bladder accumulators occupy more than half of the oil & gas accumulator market size, as they are generally preferred in applications such as offshore rigs and blowout preventers. The large market share of the bladder accumulator is attributed to the preference for this type of accumulator on the part of customers. It is expected to continue to occupy a large market share in the future, owing to new API regulations. Some advantages of the bladder accumulator are that it can be used for several offshore applications and has high durability compared to other types of accumulators.
Blowout preventer is expected to dominate the global oil & gas accumulator market. The accumulators are used in BOPs to prevent fluid loss, as they have a good response time when coping with extreme erratic pressures and uncontrolled flow in the well. In the mud pump application, the accumulator helps to prevent fluid loss, at both the suction head as well as the discharge head.
Browse related reports
Drilling and Completion Fluids Market - Global Trends & Forecast to 2019
Offshore Drilling Rigs Market - Global Forecast to 2019
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252