The piston-type accumulator is an energy storage device in hydraulic–pneumatic systems, playing a significant role in industries such as petrochemicals, heavy machinery, and steel metallurgy. The displacement parameters of the piston-type accumulator are vitally important for fault diagnosis and early warning in hydraulic systems. Traditional displacement measurement methods cannot meet the requirements of the internal testing environment of the accumulator. Therefore, this paper proposes an accumulator piston displacement signal compensation method based on rotational factors and support vector regression. Firstly, empirical mode decomposition is utilized to denoise the signal. Then, rotational factors are used to generate a delay compensation module to compensate for the signal attenuation and time delay caused by metallic reflection and scattering within the cylinder of the radar signal. The support vector regression model is improved based on a hash table to enhance its computational efficiency and achieve radar displacement signal compensation. Finally, a simulation experiment is designed to verify the effectiveness of the proposed method.