Worldwide Oil Accumulator Industry to 2027 - Featuring Bosch, Hydac & Freudenberg Among Others - ResearchAndMarkets.com
The "Oil Accumulator - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
- The "Oil Accumulator - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
- According to this report, the Global Oil Accumulator Market accounted for $522.71 million in 2019 and is expected to reach $878.17 million by 2027, growing at a CAGR of 6.7% during the forecast period.
- Some of the factors such as shale gas exploration boom in the US and increasing usage of oil accumulator in various applications such as blow out preventer & well head control are propelling the market growth.
- Oil Accumulator is a device that stores energy during the drilling procedure in the hydraulic system.