Global Oil Accumulator Market

Apr 2020| VMR2099A| Verified Market Research

Report Highlights

Oil Accumulator Market Size And Forecast

According to Verified Market Research, Global Oil Accumulator Market was valued at USD 490 Million in 2018 and is projected to reach USD 704.5 Million by 2026, growing at a CAGR of 4.61% from 2019 to 2026.

Global Oil Accumulator Market Outlook

An accumulator is used in the drilling rigs in onshore and offshore regions as a blowout preventer to limit the unexpected influx of oil & gas throughout drilling operations. The growing demand for oil accumulators as it is reducing the amount of harmful environmental pollution during oil & gas drilling activities. The ongoing oil & gas exploration activities across the world are supporting the growth of the market. However, growing inclination towards the renewable source of energy and the stringent government regulations are some of the factors that may affect the growth of the market. 

Global Oil Accumulator Market Competitive Landscape 

The Global Oil Accumulator Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hydac, Parker Hannifin, Eaton, Freudenberg, Bosch Rexroth, Nippon Accumulator, Roth Hydraulics, Technetics Group, Tobul Accumulator Inc., and GE Oil & Gas.

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