Energy and Power Oil Accumulator Industry | Page 2

North America is likely to dominate the global oil accumulator market over the forecast period due to the growing demand for shale gas exploration and production activities in the region. The Gulf of Mexico and Permian Basin, among others, have emerged as crucial sites for onshore as well as offshore exploration in North America, leading to a growing demand for oil accumulators. The share of shale gas in the North American oil and gas industry is also likely to increase over the forecast period due to the increasing emphasis on shale gas production and the growing government support for the same. North America has emerged as the leading producer of shale gas, with the U.S. leading the way. This is likely to remain a major driver for the oil accumulator market in North America over the forecast period. Asia Pacific is also likely to remain a major regional market for oil accumulators, exhibiting the strongest CAGR over the forecast period. The oil and gas industry in Asia Pacific, led by China, has experienced strong growth in the last few years. The growing demand for power in Asia Pacific is likely to further advance the oil and gas industry in the region, thus driving the regional market for oil accumulators. The growing number of offshore oil and gas E&P projects in Asia Pacific is likely to drive the demand from the oil accumulator market in the region over the forecast period. Europe is also likely to hold on to a significant share in the global oil accumulator market over the forecast period, due to the increasing demand for digitalization in the oil and gas industry and the increasing offshore operations in the North Sea. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India [phone] Email: [email protected]