Global Oil and Gas Accumulator Market 2017-2021

  • ID: 4432843
  • Report
  • Region: Global
  • 98 pages
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FEATURED COMPANIES

  • Accumulators
  • Airmo
  • Bosch Rexroth
  • Eaton
  • General Electric
  • HANNON HYDRAULICS
  • MORE
About Oil and Gas Accumulator

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.

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

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
The report, 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 drivers
  • Increase in oil rig count
  • For a full, detailed list, view the full report
Market challenges
  • Uncertainties associated with low crude oil prices
  • For a full, detailed list, view the full report
Market trends
  • IoT in accumulators
  • For a full, detailed list, view the full 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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FEATURED COMPANIES

  • Accumulators
  • Airmo
  • Bosch Rexroth
  • Eaton
  • General Electric
  • HANNON HYDRAULICS
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market ecosystem
  • Market segmentation analysis
PART 06: MARKET SIZING
  • Market definition
  • Market sizing 2016
  • Market size and forecast 2016-2021
PART 07: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 08: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Onshore – Market size and forecast 2016-2021
Offshore – Market size and forecast 2016-2021
Market opportunity by end-user
  • PART 09: MARKET SEGMENTATION BY APPLICATION
  • Segmentation by application
PART 10: REGIONAL LANDSCAPE
  • Geographical Segmentation
  • Regional comparison
  • Americas – Market size and forecast 2016-2021
  • EMEA – Market size and forecast 2016-2021
  • APAC – Market size and forecast 2016-2021
  • Key leading countries
  • Market opportunity
PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 13: MARKET TRENDS
  • IoT in accumulators
  • Rise in deep and ultra-deepwater drilling projects
  • Introduction of laser drilling
PART 14: VENDOR LANDSCAPE
  • Competitive scenario
PART 15: VENDOR ANALYSIS
  • Vendors covered
  • Bosch Rexroth
  • Eaton
  • Freudenberg Sealing Technologies
  • NIPPON ACCUMULATOR
  • PARKER HANNIFIN
PART 16: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Major segments of oil and gas industry
Exhibit 02: Bladder accumulator
Exhibit 03: Parent market
Exhibit 04: Global oil and gas equipment market
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2016
Exhibit 08: Validation techniques employed for market sizing 2016
Exhibit 09: Global oil and gas accumulator market – Market size and forecast 2016-2021 ($ millions)
Exhibit 10: Global oil and gas accumulator market – Year-over-year growth 2017-2021 (%)
Exhibit 11: Petroleum upstream activity stages
Exhibit 12: Reasons for low crude oil prices
Exhibit 13: Five forces analysis 2016
Exhibit 14: Five forces analysis 2021
Exhibit 15: Bargaining power of buyers
Exhibit 16: Bargaining power of suppliers
Exhibit 17: Threat of new entrants
Exhibit 18: Threat of substitutes
Exhibit 19: Threat of rivalry
Exhibit 20: Market condition - Five forces 2016
Exhibit 21: End-user – Market share 2016-2021 (%)
Exhibit 22: Comparison by end-user
Exhibit 23: Onshore – Market size and forecast 2016-2021 ($ millions)
Exhibit 24: Onshore – Year-over-year growth 2017-2021 (%)
Exhibit 25: Offshore – Market size and forecast 2016-2021 ($ millions)
Exhibit 26: Offshore – Year-over-year growth 2017-2021 (%)
Exhibit 27: Market opportunity by end-user
Exhibit 28: Regional – Market share by geography 2016-2021 (%)
Exhibit 29: Regional comparison
Exhibit 30: Americas – Market size and forecast 2016-2021 ($ millions)
Exhibit 31: Americas – Year-over-year growth 2017-2021 (%)
Exhibit 32: EMEA – Market size and forecast 2016-2021 ($ millions)
Exhibit 33: EMEA – Year-over-year growth 2017-2021 (%)
Exhibit 34: APAC – Market size and forecast 2016-2021 ($ millions)
Exhibit 35: APAC – Year-over-year growth 2017-2021 (%)
Exhibit 36: Key leading countries
Exhibit 37: Global rig count based on geographic region 2014-2017
Exhibit 38: Comparison - Conventional vs. unconventional sources
Exhibit 39: Global crude oil price 2012-2017 ($/barrel)
Exhibit 40: Volatility in steel prices
Exhibit 41: Global investment in renewable energy supply 2000-2016 ($ billions)
Exhibit 42: Bosch Rexroth: Key products
Exhibit 43: Bosch Rexroth: Key news
Exhibit 44: Eaton: Key products
Exhibit 45: Eaton: Key news
Exhibit 46: Freudenberg Sealing Technologies: Key products
Exhibit 47: NIPPON ACCUMULATOR: Key products
Exhibit 48: PARKER HANNIFIN: Key products
Exhibit 49: PARKER HANNIFIN: Key news
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FEATURED COMPANIES

  • Accumulators
  • Airmo
  • Bosch Rexroth
  • Eaton
  • General Electric
  • HANNON HYDRAULICS
  • MORE
New Report Released: – Global Oil and Gas Accumulator Market 2017-2021

The author of the report recognizes the following companies as the key players in the global oil and gas accumulator market: Bosch Rexroth, Eaton, Freudenberg Sealing Technologies, NIPPON ACCUMULATOR, and PARKER HANNIFIN

Other Prominent Vendors in the market are: Airmo, Accumulators, General Electric, HANNON HYDRAULICS, Hydac International, Roth Industries, and TECHNETICS.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is IoT in accumulators. The oil extraction process involves different types of moving devices, and the operations are manual and labor intensive. As a result, the application of IoT-enabled solutions can deliver real cost savings and increase the production for owner-operators, independent E&P players, and related stakeholders operating in the oil field. IoT-enabled solutions that provide remote monitoring, inform whether the artificial lift is working and whether or not the fluid is flowing, reduce the need to visit the site. With the introduction of IoT and analytics-enabled solutions in oil extraction, the production will become more optimized and result in increased profit margins”

According to the report, one of the major drivers for this market is Increase in oil rig count. During 2014, when the crude oil price was trading over $110/bbl, the global rig count was at its peak. Several exploration and drilling projects were being executed; some in the initial stages of production, and other new ones in the planning stage. For instance, in 2014, Shell announced its initiation of production from the second Mars platform in the deepwater Gulf of Mexico. The production was through Olympus, which is the company's seventh and largest floating deep-water platform in the Gulf of Mexico. However, this was soon offset by the continuous decline in the oil price. The decline in crude oil price reduced the companies' profit margins. This, in turn, had a severe impact on the cash flow of the organizations. As a result, new drilling and production projects were put on hold till the oil prices stabilized. Several deep and ultra-deepwater projects that were estimated to be worth over hundreds of billion dollars were called off across the world.

Further, the report states that one of the major factors hindering the growth of this market is Uncertainties associated with low crude oil prices. Volatility in the price of crude oil has a severe impact on the performance of the upstream oil and gas sector. The continued trend of low crude prices since mid-2014 has put additional pressure on oil and gas service providing companies. The companies have experienced a phase of reduced revenues, which directly impacts the financial aspect of any company. Though integrated oil companies were still able to absorb some of the pressure because of the increased revenue from the downstream sector, pure upstream companies have been affected the most.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Bosch Rexroth
  • Eaton
  • Freudenberg Sealing Technologies
  • NIPPON ACCUMULATOR
  • PARKER HANNIFIN
  • Airmo
  • Accumulators
  • General Electric
  • HANNON HYDRAULICS
  • Hydac International
  • Roth Industries
  • TECHNETICS
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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