- Growth in the demand for brake accumulators is expected to be primarily driven by the increase in automotive and aerospace production.
- Stringent environmental regulations pertaining to the production of brake accumulators may challenge market growth.
- Asia-Pacific is expected to witness healthy growth.
Installation of a brake accumulator enhances the responsiveness of any vehicle, making the braking effortless. This make the vehicle safer. Brake accumulators utilizes its stored air pressure to give emergency brake pressure in an event of loss of hydraulic system pressure. Brake accumulators installed in a vehicle can be of various types such as piston, bladder or diaphragm type. Brake accumulators are typically made up of pressure storage chamber that is filled with nitrogen gas. Brake accumulators are commonly called as hydraulic accumulators.
Generally, there are 3 different types of brake accumulators are available in the marketplace which include bladder, piston and diaphragm, etc. and are available for low pressure as well as high pressure requirements in the market. Diaphragm accumulators possess exceptional functional reliability and durability to open up multiple application areas with wide range of operating pressures. Of all the available types of brake accumulators, bladder type accumulators are most commonly utilized.
The global Brake accumulators market can be segmented on the basis of type, product type, sales channel and end-use industry
Based on the type, the global brake accumulators market can be segmented into,
- Inboard Brake Accumulators
- Outboard Brake Accumulators
Based on the product type, the global brake accumulators market can be segmented into,
- Bladder Accumulators
- Low Pressure
- High Pressure
- Piston Accumulators
- Diaphragm Accumulators
- Welded Type
- Threaded Type
Based on the sales channel, the global brake accumulators market can be segmented into,
Based on the application, the global brake accumulators market can be segmented into,
- Construction Machinery
- Wind Energy Generation
Growth in the demand for brake accumulators is expected to be primarily driven by the increase in automotive and aerospace production across the various countries. Moreover, brake accumulators possess various functions such as energy storage, pulsation absorption, and shock cushioning, etc., which assist their utilization for various applications.
However, stringent environmental regulations pertaining to the production of brake accumulators are found to be the challenges identified in the global brake accumulators market.
Some of the manufacturers involved in the global brake accumulators market are focusing on introduction of lightweight brake accumulators in order to make an efficient vehicle. The aforementioned factor is found to be one of the key trend in the global brake accumulators market.
Another, key trend identified in the global brake accumulators market include development of the anti-lock braking system accumulators for the protection of master cylinder lip seals.
Considering regions, the global brake accumulators market is anticipated to led by the Asia-Pacific region, owing to the rising automotive production and construction machineries in the developing countries such as India and China, etc. Asia-Pacific in the global brake accumulators market is expected to witness healthy growth over the forecast period. Asia-Pacific is expected to be followed by Europe in the global brake accumulators market and is projected to witness moderate growth over the near future. Europe is anticipated to be followed by North America in the global brake accumulators market over the forecast years. Middle East and Africa and Latin America are anticipated to account for small share in global brake accumulators market owing to the comparatively less production of vehicles in the region.
Some of the key players involved in the global Brake Accumulators market include PARKER HANNIFIN CORP, Eaton, HYDAC, PacSeal Hydraulics, LIZARTE S.A., Berendsen Fluid Power Pty Ltd., Bosch Rexroth AG, AOQI Accumulator Co., Ltd., OLAER (Schweiz) AG, Freudenberg Sealing Technologies, SAIP SRL, MGR Fluid Power LTD, NOK CORPORATION, and others.