Accumulators store hydraulic energy and make it available on demand to hydraulic systems. They are suitable for hydraulic shock suppression, eliminating pressure ripple, fluid make up in closed circuits, leakage compensation, and providing emergency power during power failures or for holding high pressure without the pump running. Accumulators are often used for flow compensation to meet additional hydraulic demands beyond the pump output, maintaining specific pressures during machine cycles, compensating for energy losses due to leakage or pressure drops, and suppressing shocks in high pressure systems. The type of accumulator chosen depends on factors like mounting position, temperature requirements, and failure risk.