Latest News- Hydraulic Accumulators Market: Bladder hydraulic accumulator is expected to lead the Type segment during 2024-2028

The Hydraulic Accumulators Market is being driven by Growing market for machine tools

The Hydraulic Accumulators Market is expected to grow at a CAGR of 4.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 45.9 million. In today's business landscape, manufacturers are prioritizing energy efficiency in their production processes to reduce costs and conserve resources. Hydraulic equipment plays a pivotal role in various industries, including automotive, electrical and electronics, food, and pulp and paper. To address the rising fuel costs, stringent regulations, and the demand for limited energy resources, companies are investing in energy-efficient hydraulic equipment. Vendors, such as Roth Hydraulics, are innovating by introducing energy-efficient solutions, like bladder accumulators with a flexible bladder that separates the fluid and gas chambers, thereby improving overall system efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Bladder hydraulic accumulator
  • Piston hydraulic accumulator
  • Diaphragm hydraulic accumulator
• End-user
  • CM and MH
  • Agriculture and forestry
  • Oil and gas
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing market for machine tools
• Growth in agriculture sector
• Increase in demand from construction sector

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Growing demand for EMALS
• High maintenance and service requirements

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Market Scope in Hydraulic Accumulators Market Research Report

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Research Analysis Overview

The Hydraulic Accumulators Market encompasses various types of accumulators used in seeding machinery and diverse construction equipment, including bulldozers, forklifts, cranes, dumpers, loaders, and excavators. These accumulators ensure safety by storing mechanical energy in the form of fluid under pressure or compressed gas. Bladder accumulators and piston segment accumulators are common types, with the former utilizing an elastic bladder filled with hydraulic fluid and the latter using a piston and a spring. In construction machinery, hydraulic accumulators are essential for ride control systems, boom suspension, and pump pulsations compensation. They provide equilibrium during load changes, ensuring smooth operation. Hydro-pneumatic accumulators and compressed gas accumulators are popular choices due to their ability to store large amounts of energy. Maintenance of hydraulic accumulators is crucial for optimal performance. Regular inspections, fluid replacement, and gas charging help prolong their life. The market for hydraulic accumulators is segmentally analyzed based on the type of accumulator, application, and end-user industry. The increasing demand for safety, efficiency, and productivity in various industries continues to drive the growth of the hydraulic accumulators market.

Market Research Overview

According to Technavio, the hydraulic accumulators market is a significant segment within the expansive global capital goods market, specifically the aerospace and defense sector. This market encompasses organizations involved in the manufacturing of aerial and naval platforms for commercial and defense applications, as well as arms and ammunition, defense electronics, logistics equipment, and space technology. The global aerospace and defense market, valued at USD2 trillion in 2022, includes maintenance, overhaul, and repair (MRO) activities related to both commercial aviation and defense sectors. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/