prices of oil and gas are negatively impacting the upstream expenditure and drilling activities , which in turn is hampering the growth of the global oil and gas accumulators market .
Global Oil and Gas Accumulators Market : Geographical Segmentation
The key regions covered in terms of geography are North America , Europe , Asia Pacific , and Rest of the World . North America is expected to hold a large share in the market during the forecast period . The booming oil and gas industries in the U . S . and Canada is triggering the uptake of oil and gas accumulators in the region . Moreover , the increasing drilling activities in the offshore areas of Gulf of Mexico are propelling the growth of the region .
The Rest of the World region is estimated to exhibit a noteworthy CAGR during the same span . The region consists of some of the leading oil and gas producing nations that are providing fertile grounds for the growth of the oil and gas accumulators market . The growth of Asia Pacific and Europe can be attributed to the rising drilling activities in the Commonwealth of Independent States ( CIS ), North Sea , South China Sea , and North Eastern China .
Global Oil and Gas Accumulators Market : Competitive Landscape
The majority of the players in the global oil and gas accumulators market are focusing on consolidating their presence through technological advancements and product innovation . Some of the prominent companies operating in the market are Accumulators Inc ., Airmo Inc ., Bosch Rexroth Corporation , Bolenz & Schafer Gmbh , Eaton Corporation , Hydril Pressure Control , Hannon Hydraulics , Hydac International Gmbh , Nippon Accumulator Co . Ltd ., Parker Hannifin Corporation , Pressure Technologies , and Tobul Accumulator Inc .
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Major regions analyzed under this research report are :
-Europe
-North America