Energy and Power Engine Oil Accumulator Market | Page 2
In 2017, North America went to the top of the global market by seizing the largest share. Massive
investments in oil & gas processes and growth in digital technologies like artificial intelligent, data
analytics and machine learning in the United States (US) and Canada are believed to be the chief
reasons backing the strong market growth in the region. The regional market is also expanding on
account of the rising demand from the onshore & offshore fields based in the Gulf of Mexico.
The APAC is poised to expand at the fastest rate in the coming period, thanks to the fast-paced
industrialization combined with the surging presence of oil and gas industries. MEA is touted to
be one of the strongest regional markets for oil accumulator market because of the high
concentration of the oil and gas industry coupled with the surging investment in these sectors.
Leading Players
Leading Players in the global engine oil accumulator market include Hydroll (Finland), Bosch
(Germany), Rotec Hydraulics (UK), Freudenberg (Germany), Eaton (Ireland), Technetics Group
(US), Parker Hannifin (US), Hannon Hydraulics (US), Roth Hydraulics (Germany), Hydac
(Germany), to name a few.
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