According to the research report titled ‘Aerospace Accumulator Market Size By Product  By Material, By Aircraft Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global aerospace accumulator market is expected to showcase a robust CAGR during 2020-2026.
 

Rising adoption of commercial aircrafts and escalating expenditure in defense & military sector are prime factors fueling the growth of aerospace accumulator market. For those unfamiliar, accumulators are hydraulic devices that consist of two end caps, a piston, and a cylindrical sleeve. Key functions of accumulators is to store power for hydraulic systems for limited operations, especially when the pump is not operational. The product also helps in minimizing pressure surges in the hydraulic system, and hence are witnessing high demand across the globe.
 

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Various aircrafts today are integrated with either main system accumulator or emergency system accumulator. Large aircrafts are usually equipped with one brake accumulator, while some might be installed with four accumulators. Brake accumulators are also used for ground towing applications, thereby augmenting the revenues of the industry.
 

Accumulators can act as a backup power source for APU starting, brakes, landing gears, and other emergency applications. They play a vital role in modern hydraulic systems and are generally installed for smoothing out pulsations as well as for storing energy. The product also helps in improving reliability and productivity of hydraulic systems, which in turn is further aiding the market expansion.
 

It is to be noted that the emergence of COVID-19 pandemic has decelerated the growth of the tourism industry and hence, is negatively influencing the overall market outlook. However, the market is projected to experience substantial growth in the upcoming years once the situation is under control.
 

As per aircraft type, military aircraft segment is predicted to expand substantially over the analysis timeframe. Accumulators are widely adopted in military aircrafts since it helps in storing additional energy as well as in supplying it whenever required. Escalating defense & military expenditure along with focus towards increasing the aircraft fleet size are also fueling the segmental growth.
 

Considering the geographical landscape, Middle East & Africa aerospace accumulator industry is slated to record remunerative growth in the ensuing years. Rapid expansion of tourism sector has enhanced the adoption rates of commercial aircrafts, which in turn is swaying the business dynamics in the region. Apart from this, increasing number of leisure and corporate travel are augmenting the demand for aerospace accumulators in Middle East & Africa.
 

The key participants in global aerospace accumulator market are Flexial Corporation, Bosch Rexroth AG, AMETEK Inc., Hanwha Corporation, Technetics Group, Triumph Group Inc., APPH Group, HYDAC Technology Corporation, Senior Metal Bellows, Arkwin Industries Inc., Valcor Engineering Corporation, Eaton Corporation, and Parker-Hannifin Corporation among others.