DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Accumulator Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global oil and gas accumulator market to grow at a CAGR of 3.65% during the period 2017-2021.
The report, Global Oil and Gas Accumulator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is the increase in oil rig count. During 2014, when the crude oil price was trading over $110/bbl, the global rig count was at its peak. Several exploration and drilling projects were being executed; some in the initial stages of production, and other new ones in the planning stage. For instance, in 2014, Shell announced its initiation of production from the second Mars platform in the deepwater Gulf of Mexico. The production was through Olympus, which is the company's seventh and largest floating deep-water platform in the Gulf of Mexico.
However, this was soon offset by the continuous decline in the oil price. The decline in crude oil price reduced the companies' profit margins. This, in turn, had a severe impact on the cash flow of the organizations. As a result, new drilling and production projects were put on hold till the oil prices stabilized. Several deep and ultra-deepwater projects that were estimated to be worth over hundreds of billion dollars were called off across the world.
Key vendors
- Bosch Rexroth
- Eaton
- Freudenberg Sealing Technologies
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Nippon Accumulator
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Parker Hannifin
Other prominent vendors
- Airmo
- Accumulators
- General Electric
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Hannon Hydraulics
- Hydac International
- Roth Industries
- Technetics
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation By End-User
Part 09: Market Segmentation By Application
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/8wb42d/global_oil_and
