Hydraulic Accumulator Market: Global Industry Analysis and Opportunity and Forecast 2019 to 2025
Los Angeles, CA -- (SBWire) -- 04/20/2019 --Hydraulic accumulator is an important energy storage apparatus in hydraulic systems. A hydraulic accumulator enables a hydraulic system to cope with extremes of demand using a less powerful pump. With the help of hydraulic accumulator, hydraulic system and machines can respond more quickly to a temporary demand. Hydraulic accumulator is widely used in general hydraulic systems, engineering machinery and machine tools etc.
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Though international economic situation is complicated, economy of China is developing rapidly from 2011 to 2015. Demand of global and China hydraulic accumulator will maintain steady growth, but with a decreasing speed. Global consumption volume is mainly focused on the area of China with the share of 31% (2015). China is the largest consumption country of hydraulic accumulator; the following regions include USA, Europe and Japan. As hydraulic accumulator is widely used in many industrials, fast development of downstream, such as new energy automobile and wind power industry, will strongly promote the demand of hydraulic accumulator.
Raw material and the manufacturing technologies deeply affect the hydraulic accumulator production. According to our long-term observation and research, the price of the hydraulic accumulator declined in the past five years, and the price will remain slightly dropped in the following five years. As a result, gross margin is expected to drop more in the next three years.
The hydraulic accumulator industry has great development prospects and will keep a steady growth rate in the following few years. We are still optimistic about the hydraulic accumulator market in the next 5 years. And it is predicted that the global hydraulic accumulator market will remain growth rate of more than 3.0%. The data will be 5.0% for China hydraulic accumulator market.
The global Hydraulic Accumulator market was 1230 million US$ in 2018 and is expected to 1910 million US$ by the end of 2025, growing at a CAGR of 5.6% between 2019 and 2025.
This report studies the Hydraulic Accumulator market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Freudenberg Sealing Technologies
Servi Fluid Power
By the product type, the market is primarily split into:
Bladder Hydraulic Accumulator
Piston Hydraulic Accumulator
Diaphragm Hydraulic Accumulator
By the end users/application, this report covers the following segments:
Wind & Solar Industry
Fluid power Industry
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