The analysts forecast the global hydraulic accumulators market to grow at a CAGR of 4.88% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global hydraulic accumulators market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is scrapping of older ships. Hydraulic accumulators are used in marine applications. There is demand for new ships as the industry is witnessing the scrapping of older ships. Based on the shipbroker model, in H1 2016, 373 bulkers and general cargo ships were scrapped, representing around 22.5 million tons in deadweight tonnage (DWT). In 2015, around 950 ships, close to 39 million DWT were scrapped, and by the end of 2016, around 800-900 ships amounting to around 40 million tons in DWT were expected to be scrapped.
According to the report, one driver in market is growing machine tools market. Hydraulic accumulators find applications in machine tools. Advance and retraction speeds, cutting pitch and section, and cutting machine tools with multiple machine units are controlled individually. Due to this, the consumption of oil varies significantly. To prevent the fluctuations in oil requirements, these machine units can be fitted with accumulators to guarantee high starting speed as the oil columns have low inertia when compared with the complete pumping system.
- Bosch Rexroth
- Freudenberg Sealing Technologies
- Parker Hannifin
Other prominent vendors
- Linde Hydraulics
- Magma structure
- Ningbo Tianxiang Xinhua Hydraulic
- PMC Hydraulics
- Roth Hydraulics
- Salut Group
- Siping WanRong Accumulator
- Valcor Engineering
For more information about this report visit http://www.researchandmarkets.com/research/mrzdkh/global_hydraulic.