What is Accumulator Market?
Accumulator a device in which a fluid is collected and it is used to accumulate fluid under pressure & return it when required. The usage is classified into the following four categories namely pulsation absorption, shock dampening, pressure keeping and energy storage. In addition, it plays an important role in improving the performance of equipment as well as machinery which includes less noise generation, greater energy efficiency, among others. It various benefits such as increasing system performance and efficiency, lowering operating and maintenance costs, providing fail-safe conditions, among others.
Highlights from Accumulator Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | TetraPak (Switzerland), Nercon (United States), Packaging Dynamics (United States), Reelex (United States), Del Packaging, ltd. (United States), Accumulators, Inc. (United States), Hartness (United States) and hawe hydraulik se (Germany) |
Accumulator market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Accumulator market throughout the forecasted period.
TetraPak (Switzerland), Nercon (United States), Packaging Dynamics (United States), Reelex (United States), Del Packaging, ltd. (United States), Accumulators, Inc. (United States), Hartness (United States) and hawe hydraulik se (Germany) are some of the key players profiled in the study. Accumulator Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Energy Conservation, Absorption of Hydraulic Line Shock, Emergency Standby Power {Electrical Power Failure, Immediate Response}, Transfer Barrier for Fluid Separation, Auxiliary Power Source, Pressure Holding, Pressurized Gas Bottles & Gas Cylinders, Compensation for Thermal Expansion and Contraction, Compensation for Fluid Leakage, Dispenser for Pressurized Lubricants, Prevention of Pump Cavitation and Noise Attentuation |
Type | Piston Accumulators, Diaphragm Accumulators and Bladder Accumulators |
Industry Vertical | Food Industry,Beverage Industry,Cosmetic Industry,Others |
On the basis of geography, the market of 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advanced in accumulator product
Market Growth Drivers:
Increasing Usage of Accumulator in Various Application and Rising Demand for Variable Capacity Accumulator from Various Industry
Challenges:
Issue related to Maintenance Design Accumulator
Restraints:
Stringed Rules and Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Key Target Audience
Accumulator Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
In March 2021, Nercon Conveyors Introduces Innovative New Rotary Accumulation Table. The innovative new design is now more reliable at the extremes than it was before and as compared to many competitive models, handling 1200-2700 inch pounds of torque with ease and reducing wear and tear on the motor that can lead to burnout at extreme loads and higher speeds.
According to HAWE Hydraulik SE (Germany), “hydraulic accumulators, are considered dangerous systems due to the high (gas pressures) that occur inside them and require special monitoring. This monitoring is defined in the Druckbehälterverordnung (German regulations on pressure vessels) dated 27 Feb. 1980 with an amendment dated 21 April 1989 as well as UVV 17 from the Berufsgenossenschaft (responsible authority in Germany)”.