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Oil Accumulator Market by Type, Pressure Rating, Onshore vs Offshore, Application And Region - Global Forecast to 2023

Oil Accumulator Market: Global Forecast until 2023

  • June 2018
  • 125 pages
  • ID: 2720691
In this report:
Ecuador, a member of Organization of the Petroleum Exporting Countries (OPEC), produced around ## thousand barrels per day of crude oil, and had ##.## thousand million barrels of proven crude oil reserves in 2016, as per BP Statistical Review of World Energy June 2017.
In July 2016, Chevron, an American multinational energy corporation company, planned to invest USD ##.## billion to boost oil production at the Tengiz oilfield in Kazakhstan to ## million barrels per day.

Summary

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The oil accumulator market is estimated to rise at a compound annual growth rate of ~4.8 percent, from 2018 to 2023.

The oil accumulator market is forecasted to grow from an estimated $488.50M in 2018 to $617.10M by 2023, at a compound annual growth rate (CAGR) of ~4.8 percent, from 2018 to 2023. Digital revolution in the oil & gas sector and gained shale gas exploration & production activities are driving the sector for oil accumulators across the globe. Transition to renewable source of energy is likely to be a restraint for this sector.

The blow out preventer & well head control is intended to hold the most important share of the oil accumulator market, by application, during the estimate period.

The blow out preventer & well head control segment is forecasted to hold the biggest share of the oil accumulator market, during the outlook period.This can be connected to the growing investments in the oil & gas market in the developing countries of Asia Pacific and Middle East (ME) & African continent.

The use of accumulators in sectors, including oil & gas, is rising as the market demand for oil is increased globally.

North America (NA): Key market for oil accumulator.

North America continent is the quickest increasing sector for oil accumulators, succeeded by Asia Pacific (APAC) and Europe (EU).Growing investment in the oil & gas market and rised exploration and production activities in the countries including the US are likely to boost the industry demand for oil accumulators.

Additionally, the subsequent growth in oil rigs create a increase opportunity for the oil accumulator market in the territory.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 60.0 percent, Tier 2 25.0 percent, and Tier 3 15.0 percent

• By Description: C-Level- 40.0 percent, D-Level- 35.0 percent, and Others- 25.0 percent

• By Area: North America (NA)- 35.0 percent, EU- 20.0 percent, Asia Pacific- 18.0 percent, Middle East- 17.0 percent, and Africa- 10%.

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3 =

The key players in the oil accumulator market are Hydac, Parker Hannifin, Eaton, Freudenberg, Bosch Rexroth, and Nippon Accumulator.

Segment Research

The study offers a picture of the oil accumulator market across the oil & gas sector and territories.It aims at evaluating the market value and future increase potential of the market across distinct segments including type, stage, end-user, and area.

Moreover, the analysis includes a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and key industries strategies.

In this business report, the market has been split on the basis of type, pressure ratings, onshore vs offshore, application, and area, with a focus on industry study, market ranking study of the top actors, supply chain research, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the oil accumulator market, high-growth areas, and sector drivers, industry restraints, and alternatives.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the oil accumulator market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for oil accumulator across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall oil accumulator market

Why acquire this industry report?

1. The study determines and addresses main markets for the implementation of oil accumulator products in different industries, which would help manufacturers review the rise in demand.

2. The analysis would benefit solutions providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research would benefit top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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