London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Oil and Gas Accumulator Market 2014-2018.
Oil and gas accumulators are hydro-pneumatic devices that are used for various purposes like noise reduction, pulsation damping and leakage compensation. The size of these accumulators usually varies depending on their application for different pressure ranges. The Global Oil and Gas Accumulator Market is expected to grow at a CAGR of 13.3 percent by 2018.
About the Report
The latest report by TechNavio focuses on increased oil and gas drilling activities worldwide, which have resulted in amplified usage of accumulators, thus positively impacting the overall market growth. The report also highlights directional drilling activities across the globe as a trend expected to impact growth of the market.
“Directional drilling enables the grouping of wellheads together in one surface location, which makes the entire process easier, cost effective and less harmful on the environment. It can also be used to drill relief wells, which are used to reduce the pressure of the producing wells. These features are expected to have a significant, positive impact on the growth of Global Oil and Gas Accumulator Market through to 2018,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Oil and Gas Drilling Activity
- For a full detailed list, view our report.
Market Challenges:
- Capital-intensive Nature of Projects
- For a full detailed list, view our report.
Market Trends:
- Rapid Advances in Technology
- For a full detailed list, view our report.
Key Vendors:
- Bolenz & Schafer GmbH
- Bosch Rexroth AG
- Eaton Corp.
- Hannon Hydraulics Inc.
Other Prominent Vendors:
- Hydac International
- Technetics Group
- Tobul Accumulator
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
