Researchmoz | Oil and Gas Accumulators Market Research Report

Oil and Gas Accumulators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

With a number of operational risks involved in the oil and gas industry, safety is the main concern. Several devices are used for safety purposes such as BOP (Blow out preventers), a bind ram, shear ram, etc to control kick or uncontrolled fluid from the wellbore but these devices are only reliable and effective as the hydraulic that drives them. For precisely the same reason, oil and gas accumulators market is growing, creating a need for good and reliable accumulators. North America is expected to be the biggest market for these accumulators as the region is packed with oil and gas exploration and production activities both onshore and offshore. An accumulator is a pressure storage device which holds a non-compressible hydraulic fluid under pressure with the help of an external source such as spring or a raised weight. In oil and gas industry, accumulators are used in various applications such as leakage compensation, noise reduction and pulsation dampening. In a hydraulic system, accumulator helps in reducing the noise cause by a pump. Accumulators for oil and gas industries are available in wide range of material, size, pressure ratings and port configurations depending upon the requirement for various operations. Oil and Gas Accumulators market can be segmented on the basis of product type into Bladders, Diaphragms and Pistons. Bladders are estimated to have majority of share in this segment. A gas proof elastomer membrane enclosed within a steel shell is a typical design of a bladder accumulator. Piston type accumulator is very versatile due to its ability to be used in over 90% of a potential application. Piston type accumulator can meet the diversified needs of many industries with a standard or custom design. Diaphragm accumulator has a flexible diaphragm as a separation element between the compressible gas cushion and the operating fluid....