Portland, OR -- (SBWIRE) -- 07/17/2017 -- Oil & Gas accumulators are hydro-pneumatic equipment, which can store non-compressible fluid even under extreme pressure. The fluid is stored via an external source that can either be piston, spring, gas and fluid. Furthermore, oil accumulators are used for different purposes, including noise reduction as well as pulsation dampening. These accumulators are available in different shapes. Most popular types of oil and gas accumulators are diaphragm, bladder and piston.

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Exploration as well as drilling activities supported by greater need for crude oil is driving the oil & gas market. Besides this, environmental concerns backed by oil spills have contributed to the growth of the market. Moreover, the attempts to reduce the environmental hazards during exploration as well as activities are expected to create greater opportunities.

The oil & gas accumulator market is segmented based on type, application and geography. The types covered in the market research report are bladder, diaphragm and piston. Applications assessed during the study include offshore rigs, mud pumps as well as blowout preventer. Regions such as North America, Europe, Asia Pacific and LAMEA would see tremendous growth.

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Key market players active in the oil and gas accumulator market are Eaton Corporation, Nippon Accumulator Co., Ltd., Parker Hannifin Corp., Bosch Rexroth USA, Technetics, Hydac International GMBH, GE Oil & Gas and Tobul Accumulator Inc.