SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Oil Accumulators - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 3494
Companies: 46 - Players covered include Accumulators, Inc.; Eaton Corporation PLC; Freudenberg & Co. KG; Hannon Hydraulics, LLC; Hydac International GmbH; Hydroll Oy; Hystat Systems Ltd.; Kocsis Technologies, Inc.; Nippon Accumulator Co Ltd.; Parker Hannifin Corporation; Robert Bosch GmbH; Rotec Hydraulics Ltd; Roth Hydraulics GmbH; Servi Fluid Power, Inc.; Technetics Group and Others.
Coverage: All major geographies and key segments
Segments: Accumulator Type (Bladder, Piston, Diaphragm); Application (Blowout Preventer & Well Head Control, Offshore Rigs, Mud Pumps); Pressure Rating (Upto 6,000 Psi, Above 6,000 Psi)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Oil Accumulators Market to Reach $646.9 Million by 2026
Amid the COVID-19 crisis, the global market for Oil Accumulators estimated at US$497.7 Million in the year 2020, is projected to reach a revised size of US$646.9 Million by 2026, growing at a CAGR of 4.4% over the analysis period. Bladder, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$291.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Piston segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $154.5 Million in 2021, While China is Forecast to Reach $115.3 Million by 2026
The Oil Accumulators market in the U.S. is estimated at US$154.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$115.3 Million by the year 2026 trailing a CAGR of 4.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Diaphragm Segment to Reach US$155.2 Million by the year 2026
In the global Diaphragm segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$92 Million in the year 2020 will reach a projected size of US$131.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.