The Global Automobile Liquid Accumulator Market Growth Accelerated By Technological Advancements

 
Automobile Liquid Accumulator Market 

The automobile liquid accumulator is used in vehicle for the storage of brake fluid or power steering fluid under pressure. It helps to reduce wear and tear on hydraulic pumps and maintains adequate pressure levels. The advantages of using liquid accumulators include noise reduction, pressure maintenance, pulsation damping, and surge prevention.

The global Automobile Liquid Accumulator Market is estimated to be valued at US$ 2080.75 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving growth in the automobile liquid accumulator market is the increasing adoption of technologically advanced accumulators. Traditionally, simple bladder type accumulators were used in vehicles. However, manufacturers are increasingly developing electric accumulators that offer better pressure control and energy efficiency. For instance, WABCO, a leading global supplier of technologically advanced products and services for the commercial vehicle industry, offers ELiTe electric accumulators designed for advanced brake applications. Such innovative product offerings are boosting the adoption of liquid accumulators in automotive industry. The rising demand for lightweight and fuel efficient vehicles is further accelerating the demand for technologically advanced electric accumulators.


Segment Analysis
The global Automobile Liquid Accumulator market is segmented on the basis of type and application. Based on type, the pulsed type accumulators segment dominates the market as these accumulators provide high power density, compact design, and precise control. Based on application, the heavy commercial vehicles segment dominates as these vehicles require efficient braking systems for safety during transportation of heavy cargo over long distances.

Key Takeaways
The global Automobile Liquid Accumulator market analysis is expected to witness high growth. The global Automobile Liquid Accumulator Market is estimated to be valued at US$ 2080.75 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.


The Asia Pacific region is expected to witness the fastest growth in the global Automobile Liquid Accumulator market during the forecast period. This is attributed to the increasing automobile production and sales in countries such as China, India, Japan, and South Korea. The region dominates the global automotive production and is a major hub for automobile component manufacturing.

Key players

operating in the Automobile Liquid Accumulator market are Liebherr-International AG, Shanghai Zhenhua Heavy Industries Co., Ltd., Wison Group, Konecranes, Kalmar, Kranunion GmbH, Sany Group Co., Ltd., Noell Crane Systems (China) Limited, Anupam Industries Limited.

Get more insights on this topic: https://www.newswirestats.com/automobile-liquid-accumulator-market-industry-insights-trends-automobile-liquid-accumulator-market/

 

Explore more information on this topic, Please visit: https://techaxen.com/forging-an-ancient-metals-forming-process-still-thriving-in-modern-times/

 

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