Trends and Forecast for the Global Hydraulic Filter Market Trends, opportunities and forecast in hydraulic filter market to 2024 by (suction side filter, pressure side filter, return side filter, off-line filter, and in-tank breather filter), by end use industry (construction machinery, mining, petrochemical, marine, transportation), mode of distribute channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel's latest market report analyzed that hydraulic filter provides attractive opportunities in the construction machinery, mining, petrochemical, aerospace, marine, and transportation industries. The hydraulic filter market is expected to reach $6.8 billion by 2024 with a CAGR of 3.6%. In this market, pressure side filter is the largest segment by product type, whereas construction machinery system is largest by end use industry. The introduction of new micro glass materials with unique six layer design that delivers 50% more dirt holding capacity and development of the hydraulic filters with cyclone effect technology provides strategic growth path in this market.
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Based on product type, the hydraulic filter market is segmented into suction side filter, pressure side filter, return side filter, off-line filter, and in-tank breather filter. The pressure side filter segment accounted for the largest share of the market in 2019 and it is also expected to witness the highest growth over the forecast period as these filters are designed to clean the fluid to protect the pump and other sensitive components.
Browse in-depth TOC on “Hydraulic Filter Market”
78 – Tables
113 – Figures
175 – Pages
The hydraulic filter market is marked by the presence of several big and small players. Some of the prominent players offering hydraulic filter include Parker Hannifin, Mahle, Donaldson, Eaton, UFI FILTERS, Danaher, Bosch Rexroth, SMC Corporation, Caterpillar, and Yamashin.
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