About Hydraulic Accumulator
A hydraulic accumulator is defined as the simple hydraulic system that stores fluid pressure energy. This stored pressure can be released suddenly or intermittently as needed. In the case of a hydraulic lift or hydraulic crane, when the lift or crane is going upwards, a large amount of energy is needed. The hydraulic accumulator supplies this energy but when the lift moves downwards, it doesn't require a lot of energy. The oil and hydraulic fluid pumped from the pump will be stored in the accumulator for future use during this particular time. The oil and hydraulic fluid pumped from the pump will be stored in the accumulator for further use during that specific time.
Attributes | Details |
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Study Period | 2018-20 |
Base Year | 2023 |
Unit | Value (USD Million) |
The hydraulic accumulator market is fragmented with numerous players focusing on technique and quality of the product due to which the global hydraulic accumulator market can witness an upsurge in the forecast period.The Manufacturers having a strong hold in the market are Buccma, NOK, NACOL, among others. Analyst at AMA Research estimates that China Manufacturers will contribute the maximum growth to Global Hydraulic Accumulator market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation Inc. (Ireland), Nacol (Japan), Buccma Energy (Denmark), Parker-Hannifin Corporation (United States), Freudenberg Sealing Technologies (Germany), Bosch Rexroth AG (Germany), Xinhua Hydraulic (China), Xunjie Hydraulic (China), Fenghua Aolaier Hydraulic Co. Ltd (China) and Wanrong Accumulator (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nippon Accumulator co., Ltd. (Japan), Hydac (Germany) and Ningbo Naise Hydraulic Component Co. Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Hydraulic Accumulator market by Type (Tower Type Accumulator, Raised Weight Accumulator, Compressed Based Accumulator {Bladder Type Accumulator, Diaphragm Type Accumulator, Piston Hydraulic Accumulator, Others}, Spring Accumulator and Others), Application (Oil Field & Offshore, Concrete Pumps, Machine Tools and Others) and Region.
On the basis of geography, the market of Hydraulic Accumulator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Feeding Height, the sub-segment i.e. 0-1000 mm will boost the Hydraulic Accumulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Automotive Industry will boost the Hydraulic Accumulator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Hydraulic Accumulator
Market Growth Drivers:
Increasing Usage of Hydraulic Accumulator in Various Application
Challenges:
Problem in Sealing and Compressed Ratio is Limited and Response Time is more as well as High Cost
Restraints:
In Piston Type, lower Response Time than the Bladder and Diaphragm
Opportunities:
Growing Demand from Emerging Economies, including China, India, among others
Market Leaders and their expansionary development strategies
In OCTOBER 2021, DELLNER BUBENZER Group is delighted acquired Hydratech Industries, the Danish global supplier of high-end hydraulic systems, cylinders and accumulators for wind, offshore-, marine- and industry applications.
In April 2022, Parker Hannifin recently introduced a new safety block series for hydraulic accumulators. The SB series simplifies the selection, installation, and maintenance process of these important system components. Due to the broad variety of accumulator types and their applications, the market is proliferated with an equally wide expanse of safety blocks that, until now, made selection challenging for many customers. Developed by the company’s Cylinder and Accumulator Division Europe, the new safety block overcomes this time-consuming issue.
According to the Health and Safety Executive (United Kingdom), “Under the Pressure Systems Safety Regulations 2000, users and owners of pressure systems are required to demonstrate that they know the safe operating limits (principally pressure and temperature) of their systems, and that they are safe under those conditions”.
Key Target Audience
Hydraulic Accumulator Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.