The Hydraulic Filter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hydraulic Filter Global Market Report 2024, The hydraulic filter market size has grown strongly in recent years. It will grow from $3.32 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to industrialization and growth of manufacturing sectors, increase in hydraulic machinery and equipment usage, development of hydraulic filtration technology, stringent environmental and safety regulations, adoption of hydraulic systems in heavy machinery
The hydraulic filter market size is expected to see strong growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to focus on preventive maintenance in industrial equipment, growth of oil and gas exploration activities, adoption of iot in hydraulic filtration systems, expansion of renewable energy projects, customization of hydraulic filters for specific applications, development of compact and space-efficient filter designs. Major trends in the forecast period include technological advancements in filter materials, integration of smart sensors for real-time monitoring, technological advancements in hydraulic equipment, surge in demand for eco-friendly and sustainable filters, adoption of robotics in hydraulic filter manufacturing.
The increasing growth of the defense industry is expected to propel the growth of the hydraulic filter market going forward. The defense industry is a sector of the economy that encompasses companies involved in designing, developing, manufacturing, operating, and maintaining aircraft, spacecraft, missiles, defense systems, and related technologies. Hydraulic filters play a critical role in the defense industry by ensuring hydraulic systems’ reliability, efficiency, and safety, enabling optimal performance and longevity of aircraft and defense equipment. For instance, in March 2023, according to the United States Air Force (USAF), a US-based agency for the United States Department of the Air Force, the Air Force’s fiscal year 2024 budget request is roughly $215.1 billion, a $9.3 billion or 4.5% increase over the FY 2023 approved figure. Therefore, the increasing growth of the defense industry drives the hydraulic filter market.
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The hydraulic filter market covered in this report is segmented –
1) By Type: Pressure Side Filters, Return Side Filters, Suction Side Filters, Off-Line Filters, In Tank-Breather Filter
2) By Technology Type: With Sensor, Without Sensor
3) By Distribution Channel: Original Equipment Manufacturer (OEM), After-Market
4) By Application: Automotive, Aerospace, Construction Equipment, Industrial, Marine, Mining Industry, Petro-Chemical Industry, Other Applications
Technological innovation has emerged as a key trend gaining popularity in the hydraulic filter market. Major companies operating in the hydraulic filter market are focused on innovative solutions to sustain their position in the market. For instance, in March 2023, Donaldson Company Inc., a US-based manufacturing company, launched Alpha-Web filtration media technology. It significantly improves hydraulic fluid cleanliness and extends critical component life by up to 60% over standard synthetic media. This technology helps reduce downtime, lower equipment ownership costs, and improve fluid protection against changing flow rates. The fine-fiber layer traps and locks particles during frequent flow-rate changes, resulting in cleaner oil and improved hydraulic equipment protection. This technology ensures better performance, a longer lifespan, and a lower risk of wear, damage, and unplanned downtime.
The hydraulic filter market report table of contents includes:
1. Executive Summary
2. Hydraulic Filter Market Characteristics
3. Hydraulic Filter Market Trends And Strategies
4. Hydraulic Filter Market – Macro Economic Scenario
5. Global Hydraulic Filter Market Size and Growth
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26. South America Hydraulic Filter Market
27. Brazil Hydraulic Filter Market
28. Middle East Hydraulic Filter Market
29. Africa Hydraulic Filter Market
30. Hydraulic Filter Market Competitive Landscape And Company Profiles
Top Major Players:
- Caterpillar Inc
- Danaher Corporation
- Eaton Corporation PLC
- Parker Hannifin Corporation
- MAHLE GmbH
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