Bladder Accumulator Market Size, Share, Opportunities, And Trends By Type (Low-Pressure Bladder Accumulator, High-Pressure Bladder Accumulator), By Material (Steel, Carbon Steel, Stainless Steel, Aluminium), By End-User (Industrial, Automotive, Chemical, Power & Energy, Construction), And By Geography - Forecasts From 2023 To 2028

A bladder accumulator is a hydraulic device that stores energy by compressing gas inside a flexible bladder, allowing for the efficient release of power when needed in hydraulic systems. The bladder separates a compressed gas, usually nitrogen, from the hydraulic fluid. The bladder accumulator comes in low and high-pressure types which find are used in industrial, chemical, automotive, power & energy, and construction applications due to their ability to store and release energy efficiently. The increasing construction activities and growing chemical production is driving bladder accumulator’s demand thereby boosting their market growth.

The increasing construction activities are expected to stimulate the bladder accumulators market growth.

The construction industry relies heavily on hydraulic systems for various applications such as heavy lifting, material handling, and precise positioning of equipment. Bladder accumulators play a crucial role in these hydraulic systems by storing and releasing energy as needed, providing quick bursts of power, and compensating for pressure fluctuations. Bladder accumulators contribute to improving the safety of construction equipment by absorbing shocks and vibrations owing to which they are mainly used in heavy-duty applications such as cranes, excavators, and concrete pumps, where sudden movements or impacts can cause damage or accidents. The rise in construction spending worldwide, including residential, commercial, and infrastructure development has accelerated the demand for bladder accumulators which is expected to drive the market growth. According to the U.S. Census Bureau in 2022, construction spending in the United States grew 9.3% between November 2020 and November 2021. According to World Banks' Global Economic Prospects report in 2022, India was expected to become the world's third-largest construction market by 2022 and will require investment worth Rs 50 trillion (US$ 777.73 billion) across infrastructure by 2022 for sustainable development in the country. According to IIFL Securities, in 2020, the Indian crane market's overall share was over 55% in the construction sector.

Surge in chemical production will accelerate the bladder accumulators market growth.

The chemical industry heavily relies on various processes that involve the use of hydraulic systems for tasks such as pumping, mixing, and transporting chemicals. Bladder accumulators play a crucial role in these systems by providing energy storage and pressure compensation capabilities. The increasing demand for chemicals across sectors such as pharmaceuticals, plastics, fertilizers, and specialty chemicals, has increased the production volumes of chemicals significantly. According to the Eurostat Report, in 2021, the production of chemicals in Europe increased from 274 million tonnes in 2020 to 285.9 million tonnes in 2021. According to the American Chemistry Council (ACC) 2022, US chemical production rebounded strongly in 2022 expanding by 3.9%.

During the forecast period, the Asia-Pacific region is expected to hold a significant market share.

The Asia-Pacific region is expected to dominate the market due to rapid industrialization and infrastructure development, particularly in countries like China, and India, and increasing production of chemicals in the region. Under China’s 14th Five-Year Plan launched in 2021, an investment of 27 trillion yuan ($ 4.2 trillion) was announced for the development of new infrastructures. Under the Union Budget 2023-24 of India, a sum of Rs. 173.45 crores (US$ 20.93 million) was allocated to the Department of Chemicals and Petrochemicals by the Indian government. In November 2021, Indian Oil Corporation (IOCL) announced plans to invest Rs. 3,681 crores (US$ 495.22 million) to set up India’s first mega-scale maleic anhydride unit for manufacturing high-value specialty chemicals at its Panipat Refinery in Haryana. Such progressive developments will accelerate the demand for bladder accumulators, thereby boosting their regional growth.

Company Products

• Carbon Steel Bladder Accumulator: This product by Reasontek Corporation is resistant to fluid contamination, and is designed for energy storage, pulsation dampening, and shock absorption in hydraulic power units, a blowout preventer (BOP) systems, surge suppressions, pump pulsation controls, etc.
• AT 25M -10 -30: Such bladder accumulators by Eagle Industry Co., Ltd. are available in various sizes up to large-volume ones which have a maximum working pressure of 22.6 MPa and are used in general industrial machinery, construction machinery, power plants, and chemical plants application.
• BA Series Bladder Accumulator: This bladder accumulator made by Parker Hannifin Corporation has a maximum operating pressure of 690 bar are excellent for storing energy under pressure, absorbing hydraulic shocks, and dampening pump pulsation and flow fluctuations.

Segmentation

• By Type
  • Low-Pressure Bladder Accumulator
  • High-Pressure Bladder Accumulator
• By Material
  • Steel
  • Carbon Steel
  • Stainless Steel
  • Aluminium
• By End-User
  • Industrial
  • Automotive
  • Chemical
  • Power & Energy
  • Construction
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other