HOME Top Market Reports Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Application (Blowout Preventer, Offshore Rigs, Mud Pumps), & Region (North America. Latin America, Asia-Pacific, Europe, the Middle East, and Africa) - Global Trends & Forecast to 2019

Oil Accumulator Market by Type (Bladder, Piston, and Diaphragm), Application (Blowout Preventer, Offshore Rigs, Mud Pumps), & Region (North America. Latin America, Asia-Pacific, Europe, the Middle East, and Africa) - Global Trends & Forecast to 2019

By: marketsandmarkets.com
Publishing Date: February 2015
Report Code: EP 3142

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Accumulators are hydro-pneumatic devices which store non–compressible fluid under high pressure through an external source, which could be a spring, fluid, gas, or piston. Oil accumulators can be employed for various purposes, such as pulsation dampening, noise reduction, and leakage compensation. They come in various shapes; they can be made from different materials depending on their application, and are available for different pressure ranges. The most common types of accumulators used are bladder, piston, and diaphragm. Global drilling and exploration activities precipitated by the high demand for crude oil, and environmental concerns triggered by recent oil spills are driving the oil accumulator market. Oil accumulators have gained significance across the globe due to attempts to minimize environmental hazards during drilling and exploration activities.

The global oil accumulator market is primarily segmented on the basis of the design type employed into bladder, piston, and diaphragm accumulator. Secondly, it is segmented on the basis of its application; this includes blowout preventers, mud pumps, and offshore rigs. Lastly, the market is segmented based on the various regional markets into North America, Latin America, The Middle East, Europe, Asia-Pacific, and Africa. Each segment has been analyzed with respect to market trends, growth trends, and future prospects. The data has been analyzed from 2012 to 2019, and all the quantitative data with regard to segmentation is mentioned in terms of value ($million).

Huge market with estimated value of $1.43 Billion by 2019

The global oil accumulator market size in terms of value is expected to reach $1.43 Billion by 2019, growing at a CAGR of 9.9% from 2014 to 2019. The key factors responsible for this growth are the unique advantages offered by accumulators. These include the ability to prevent fluid loss, to dampen the pulsations and vibrations, to stabilize the rigs, to conserve energy, and to cope with erratic and uncontrolled flow in blowout preventers, mud pumps, and offshore rigs.

Oil Accumulator Market

The oil accumulator market is also analyzed with respect to Porter's Five Force model. Different market forces such as the bargaining power of suppliers, bargaining power of buyers, degree of competition, threat from substitutes, and threat from new entrants are analyzed with respect to the accumulator industry. The report also provides the competitive landscape of the major market players, which includes mergers and acquisitions, awards and recognition, expansions, investments, agreements and contracts, and new product launches. These developments indicate the growth strategies used by key industry players to drive the overall oil accumulator market. Some of the key players include Parker Hannifin Corporation (U.S.), Bosch Rexroth Corporation (U.S.), Tobul Accumulator Inc. (U.S.), Nippon Accumulator Co. Ltd. (U.S.), and Eaton Corporation (Ireland).

The report classifies and defines the contract value for the accumulator industry. It covers qualitative data for different types of oil accumulators. The report also provides a comprehensive review of the major drivers, restraints, opportunities, winning imperatives, and key burning issues of the oil accumulator market.

Scope of the Report:

The global oil accumulator market is analyzed in terms of market size ($million) for the aforesaid applications, and types by region.

  • By Type
    • Bladder
    • Piston
    • Diaphragm
  • By Application
    • Blowout Preventer
    • Offshore Rigs
    • Mud Pumps
  • By Region
    • Asia-Pacific
    • Europe
    • North America
    • Africa
    • The Middle East
    • Latin America

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Factor Analysis for Oil & Gas Accumulators
           2.2.1 Introduction
           2.2.2 Increasing Number of Deepwater Drilled Wells
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in Major Economies
    4.2 Oil & Gas Accumulator Market, By Application
    4.3 North America Expected to Have High Demand for Oil & Gas Accumulators for the Next Five Years
    4.4 Africa is the Fastest Growing Oil & Gas Accumulator Market
    4.5 Oil & Gas Accumulator Market, By Type
    4.6 Oil & Gas Accumulators: Fastest Growing Nations
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Drilling and Exploration Activities
                    5.3.1.2 Increase in Global Deepwater Drilling Activities
                    5.3.1.3 Substantial Investments in Oil & Gas Exploration
           5.3.2 Restraints
                    5.3.2.1 Lack of Technological Developments
                    5.3.2.2 Environmental Concerns & Oil Spills
           5.3.3 Opportunities
                    5.3.3.1 Rise in Oil & Gas Production Through Directional Drilling
                    5.3.3.2 Tapping the Opportunities in Emerging Markets
                    5.3.3.3 Arctic Drilling
           5.3.4 Challenge
                    5.3.4.1 Stringent Regulatory Policies
    5.4 Burning Issue
           5.4.1 High Installation and Operational Risks
    5.5 Impact Analysis of Market Dynamics
    5.6 Dip in Oil Price

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Supply Chain Analysis
           6.2.1 Key Influencers
    6.3 Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Oil & Gas Accumulator Market, By Type (Page No. - 54)
    7.1 Introduction
    7.2 Bladder Accumulator Market
           7.2.1 By Application
           7.2.2 By Region
                    7.2.2.1 North America
                    7.2.2.2 Latin America
                    7.2.2.3 Asia-Pacific
                    7.2.2.4 The Middle East
                    7.2.2.5 Europe
                    7.2.2.6 Africa
    7.3 Diaphragm Accumulator Market
           7.3.1 By Application
           7.3.2 By Region
                    7.3.2.1 North America
                    7.3.2.2 Latin America
                    7.3.2.3 Asia-Pacific
                    7.3.2.4 The Middle East
                    7.3.2.5 Europe
                    7.3.2.6 Africa
    7.4 Piston Accumulator Market
           7.4.1 By Application
           7.4.2 By Region
                    7.4.2.1 North America
                    7.4.2.2 Latin America
                    7.4.2.3 Asia-Pacific
                    7.4.2.4 The Middle East
                    7.4.2.5 Europe
                    7.4.2.6 Africa

8 Oil & Gas Accumulator Market, By Application (Page No. - 73)
    8.1 Introduction
    8.2 Blowout Preventer
           8.2.1 Ram Preventer
           8.2.2 Annular Preventer
           8.2.3 By Type
           8.2.4 By Region
    8.3 Offshore RIG
           8.3.1 By Type
           8.3.2 By Region
    8.4 Mud Pump
           8.4.1 By Type
           8.4.2 By Region

9 Oil & Gas Accumulator Market, By Region (Page No. - 85)
    9.1 Introduction
    9.2 North America
           9.2.1 By Country
           9.2.2 By Type
                    9.2.2.1 U.S.
                    9.2.2.2 Mexico
                    9.2.2.3 Canada
           9.2.3 By Application
    9.3 Latin America
           9.3.1 By Country
           9.3.2 By Type
                    9.3.2.1 Brazil
                    9.3.2.2 Venezuela
                    9.3.2.3 Others
           9.3.3 By Application
    9.4 Asia-Pacific
           9.4.1 By Country
           9.4.2 By Type
                    9.4.2.1 China
                    9.4.2.2 Malaysia
                    9.4.2.3 Indonesia
                    9.4.2.4 Australia
                    9.4.2.5 India
                    9.4.2.6 Others
           9.4.3 By Application
    9.5 The Middle East
           9.5.1 By Country
           9.5.2 By Type
                    9.5.2.1 Saudi Arabia
                    9.5.2.2 OMAN
                    9.5.2.3 Others
           9.5.3 By Application
    9.6 Europe
           9.6.1 By Country
           9.6.2 By Type
                    9.6.2.1 Russia
                    9.6.2.2 Norway
                    9.6.2.3 U.K.
                    9.6.2.4 Others
           9.6.3 By Application
    9.7 Africa
           9.7.1 By Country
           9.7.2 By Type
                    9.7.2.1 Angola
                    9.7.2.2 Nigeria
                    9.7.2.3 Others
           9.7.3 By Application

10 Competitive Landscape (Page No. - 115)
     10.1 Overview
     10.2 New Product Launches
     10.3 Expansions
     10.4 Mergers & Acquisitions
     10.5 Contracts & Agreements

11 Company Profiles (Page No. - 121)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Eaton Corporation
     11.3 Nippon Accumulator Co., Ltd.
     11.4 Parker Hannifin Corp.
     11.5 Bosch Rexroth USA
     11.6 Technetics
     11.7 Hydac International GmbH
     11.8 Ge Oil & Gas
     11.9 Tobul Accumulator Inc.
     11.10 Hannon Hydraulics, LLC.
     11.11 Bolenz & Schafer GmbH

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 147)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (81 Tables)

Table 1 RIG Count, By Region, 2011 – 2014
Table 2 Impact Analysis of Market Dynamics
Table 3 Accumulator Systems Comparison, By Type
Table 4 Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 5 Bladder Accumulator Market Size , By Application, 2012-2019, ($Million)
Table 6 Bladder Accumulator Market Size, By Region, 2012-2019 ($Million)
Table 7 North America: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 8 Latin America: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 9 Asia-Pacific: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 10 The Middle East: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 11 Europe: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 12 Africa: Bladder Accumulator Market Size, By Country, 2012-2019 ($Million)
Table 13 Diaphragm Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 14 Diaphragm Accumulator Market Size, By Region, 2012-2019, ($Million)
Table 15 North America: Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 16 Latin America: Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 17 Asia-Pacific Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 18 The Middle East: Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 19 Europe: Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 20 Africa: Diaphragm Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 21 Piston Accumulator Market Size , By Application, 2012-2019, ($Million)
Table 22 Piston Accumulator Market Size, By Region, 2012-2019, ($Million)
Table 23 North America: Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 24 Latin America: Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 25 Asia-Pacific Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 26 The Middle East: Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 27 Europe: Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 28 Africa: Piston Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 29 Accumulator Systems: By Application Type
Table 30 Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 31 BOP Application Market Size, By Type, 2012-2019, ($Million)
Table 32 BOP Application Market Size, By Region, 2012-2019, ($Million)
Table 33 Offshore RIG Application Market Size, By Type, 2012-2019, ($Million)
Table 34 Offshore RIG Application Market Size, By Region, 2012-2019, ($Million)
Table 35 Mud Pump Application Market Size, By Type, 2012-2019 ($Million)
Table 36 Mud Pump Application Market Size, By Region, 2012-2019 ($Million)
Table 37 Oil & Gas Accumulator Market Size, By Region, 2012-2019, ($Million)
Table 38 North America: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 39 North America: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 40 U.S.: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 41 Mexico: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 42 Canada: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 43 North America: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 44 Latin America: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 45 Latin America: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 46 Brazil: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 47 Venezuela: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 48 Others: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 49 Latin America: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 50 Asia-Pacific: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 51 Asia-Pacific: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 52 China: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 53 Malaysia: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 54 Indonesia: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 55 Australia: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 56 India: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 57 Others: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 58 Asia-Pacific: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 59 The Middle East: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 60 The Middle East: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 61 Saudi Arabia: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 62 OMAN: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 63 Others: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 64 The Middle East: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 65 Europe: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 66 Europe: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 67 Russia: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 68 Norway: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 69 U.K.: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 70 Others: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 71 Europe: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 72 Africa: Oil & Gas Accumulator Market Size, By Country, 2012-2019, ($Million)
Table 73 Africa: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 74 Angola: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 75 Nigeria: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 76 Others: Oil & Gas Accumulator Market Size, By Type, 2012-2019, ($Million)
Table 77 Africa: Oil & Gas Accumulator Market Size, By Application, 2012-2019, ($Million)
Table 78 New Product Launches, 2011 - 2014
Table 79 Expansions, 2012 - 2013
Table 80 Mergers & Acquisitions, 2012 - 2013
Table 81 Contract & Agreement, 2014


List of Figures (54 Figures)

Figure 1 Research Design
Figure 2 Increase in Global Deepwater Drilling Activity
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Overview of Oil & Gas Accumulator Market Share and CAGR, By Region, 2013
Figure 6 North America Dominates the Oil & Gas Accumulator Market
Figure 7 Increasing Investments in Oil & Gas Exploration Driving the Oil & Gas Accumulator Market in Major Economies
Figure 8 The BOP Application Will Hold the Largest Share in the Oil & Gas Accumulator Market for the Next Five Years
Figure 9 Bladder Accumulators Have the Largest Share in the North American Market
Figure 10 Africa is the Fastest Growing Market
Figure 11 Bladder Accumulators Will Continue to Be the Largest Market for the Next Five Years
Figure 12 Canada Dominates the Oil & Gas Accumulators Market
Figure 13 The U.S. Will Dominate the Market for Oil & Gas Accumulators
Figure 14 Market Segmentation: Oil & Gas Accumulator Market
Figure 15 Increasing Drilling and Exploration Activities Will Spur the Demand for Oil & Gas Accumulators
Figure 16 Increase in Investments Creates Opportunities for Key Players
Figure 17 Sudden Decline in Brent Crude Oil Prices Since Mid 2014
Figure 18 Average Spot Price of Crude Oil, 2013 – 2025 ($/BBL)
Figure 19 Oil & Gas Accumulator Supply Chain
Figure 20 The Increase in Global Deepwater Drilling Activities is Leading to High Demand for Oil & Gas Accumulators
Figure 21 Porter’s Five Forces Analysis: Oil and Gas Accumulator Market
Figure 22 Bladder Accumulators Will Dominate the Global Oil & Gas Accumulator Market
Figure 23 BOP Application is Expected to Hold A Major Share of the Bladder Accumulator Market
Figure 24 Africa is Expected to Grow With the Highest CAGR for the Bladder Accumulator Market in the Next Five Years
Figure 25 The Mud Pump Application is Expected to Dominate the Diaphragm Accumulator Market for the Next Five Years
Figure 26 The Offshore RIG Application is Expected to Dominate the Piston Accumulator Market for the Next Five Years
Figure 27 Oil & Gas Accumulator Market Share, By Application, 2013
Figure 28 Oil & Gas Accumulator Market Size, By Application, 2014-2019 ($Million)
Figure 29 BOP Application Market Size, By Type, 2014-2019 ($Million)
Figure 30 Africa is Expected to Grow at the Highest CAGR for BOP Application, By Region, in the Next Five Years ($Million).
Figure 31 Latin America & Africa Will Have A High Growth Rate for the Next Five Years
Figure 32 North America is Expected to Dominate the Oil & Gas Accumulator Market for the Next Five Years
Figure 33 Bladder Accumulators Hold the Largest Share in the North American Market
Figure 34 U.S. has the Largest Market Share of All the Countries in the World
Figure 35 BOP Application Holds the Largest Share in Latin America
Figure 36 China, Malaysia, and Indonesia are the Key Players in the Oil & Gas Accumulator Market
Figure 37 Companies Adopted New Product Launch as the Key Growth Strategy in the Past Four Years
Figure 38 Battle for Market Share: New Product Launch is the Key Strategy
Figure 39 Geographic Revenue Mix of the Top 4 Market Players
Figure 40 Eaton: Company Snapshot
Figure 41 Eaton Corporation PLC.: SWOT Analysis
Figure 42 Nippon Accumulator Co., Ltd.: Company Snapshot
Figure 43 Nippon Accumulator Co. Ltd.: SWOT Analysis
Figure 44 Parker Hannifin Corp.: Company Snapshot
Figure 45 Parker Hannifin Corp.: SWOT Analysis
Figure 46 Bosch Rexroth USA: Company Snapshot
Figure 47 Bosch Rexroth USA: SWOT Analysis
Figure 48 Technetics: Company Snapshot
Figure 49 Technetics: SWOT Analysis
Figure 50 Hydac International GmbH: Company Snapshot
Figure 51 Ge Oil & Gas: Company Snapshot
Figure 52 Tobul Accumulator Inc.: Company Snapshot
Figure 53 Hannon Hydraulics, LLC.: Company Snapshot
Figure 54 Bolenz & Schafer GmbH: Company Snapshot

The global oil accumulator market is estimated to reach $1.43 Billion by 2019, growing at a projected CAGR of 9.9%, which signifies an increase in demand brought about by high growth in global exploration and production activities.

An accumulator is an energy storage device that stores potential energy through an external source, which could be either compressed inert gas or a spring, or so on. Accumulators are a crucial part of the oil & gas industry, particularly because of their applications. They are used to prevent fluid loss, cope with extreme erratic pressures and uncontrolled flow in a well, and can easily dampen vibrations and pulsations. They come in various shapes, have different applications, and are available for different pressure ranges. The increase in drilling and exploration activities drives the global oil accumulator market. Oil accumulators have varied applications, mainly in BOP, mud pumps, and offshore rigs. The BOP application is expected to hold the largest market share, that is, over 50%, of the total global market share. The most commonly used accumulator types are bladder, piston, and diaphragm, with bladder accumulators expecting the highest growth. North America is the leading market for oil accumulators, with the U.S. and Mexico dominating the region.

Growth in drilling and exploration activities: A driver of the oil accumulator market

The growth in drilling activities is attributed to the constant increase in the global energy demand. Drilling activities are expected to grow alongside the global oil demand, which is expected to increase by 2020. Additional drilling activities raise the need for various equipment, such as mud pumps, BOPs, and offshore rigs. The accumulator market is driven by the demand for equipment required on rigs.

Oil Accumulator Market

Parker Hannifin Corporation (U.S.), Bosch Rexroth Corporation (Germany), Tobul Accumulator Inc. (U.S.), Nippon Accumulator Co. Ltd. (U.S.), and Eaton Corporation (Ireland) are some of the major global players in the oil accumulator market.

New Product Launch: Key Strategy

Most of these companies rely on growth strategies such as new product launch, joint ventures and contracts, mergers and acquisitions, and investments and expansions in diversified geographic areas. The risk of failure involved in the industry is high due to the new and innovative products and technologies which are being introduced. All the major oil accumulator manufacturers and operators are focusing on producing new types of accumulators with different pressure ranges and specifications to gain a strong foothold in the market. Additionally, local players are aiming to strengthen their market positions to become global leaders.

The major oil accumulator types include bladder, piston, and diaphragm. Bladder accumulators have the largest market share.

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