Albany, NY -- (SBWIRE) -- 02/13/2018 -- Oil and gas is one of the biggest sectors in the world in terms of revenue generation. The industry includes a majority of the national oil companies that generate billions of dollars, which contributes significantly toward the economic development of any country. Several industries are dependent on the oil and gas sector, which require either the final petroleum product or general oil and gas services. This industry is responsible for providing thousands of jobs, and its success or failure has a huge impact on several industries. An accumulator is a pressure storage reservoir, which stores a specific amount of fluid that is under pressure. This fluid is later released to perform a specific operation in the hydraulic system.

Technavios analysts forecast the global oil and gas accumulator market to grow at a CAGR of 3.65% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global oil and gas accumulator market for 2017-2021. To calculate the market size, the report considers the number of active rig count across the world.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Oil and Gas Accumulator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Bosch Rexroth
Eaton
Freudenberg Sealing Technologies
NIPPON ACCUMULATOR
PARKER HANNIFIN

Other prominent vendors
Airmo
Accumulators
General Electric
HANNON HYDRAULICS
Hydac International
Roth Industries
TECHNETICS

Market driver
Increase in oil rig count
For a full, detailed list, view our report

Market challenge
Uncertainties associated with low crude oil prices
For a full, detailed list, view our report

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Market trend
IoT in accumulators
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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