According to a new market report published by Lucintel, the future of the global hydraulic filter market looks promising with opportunities in the construction machinery, mining, petrochemical, aerospace, marine, and transportation industries. The global hydraulic filter market is forecast to grow at a CAGR of 4.4% from 2018 to 2023. The major drivers of growth for this market are increasing production of construction, mining, and other equipment, development of innovative and energy efficient hydraulic filters, and increased focus on preventive maintenance of hydraulic equipment and systems.
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In this market, construction machinery, mining industry, petrochemical industry, agriculture, aerospace, and transportation are some of the major segments of the hydraulic filter market by end use application. On the basis of its comprehensive research, Lucintel forecasts that the construction machinery and mining industry segments will show above average growth during the forecast period.
Browse 77 market data Tables and 122 Figures spread through 189 Pages and in-depth TOC on "Hydraulic Filter Market"
By product type, pressure side filter, suction side filter, return side, off-line filter, and in-tank breather filter, are the major segments of the hydraulic filter market. Suction side filter is expected to show above average growth rate during the forecast period due to its low cost which can be accommodated in all types of equipment.
APAC is expected to remain the largest region due to high production of construction machinery, high investment in infrastructure, government plans for smart cities.
Asia Pacific and Europe are expected to witness significant growth over the forecast period because of rapidly increasing demand for hydraulic filter products from OEMs.
Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of new micro glass materials, a unique six layer design that delivers 50% more dirt holding capacity, and development of new cyclone effect technology. Parker Hannifin Corp., Mahle International GmbH, Donaldson Company Inco, Eaton Corporation Plc., and UFI Filters are the major hydraulic filter suppliers in the global hydraulic filter market.
The study includes a forecast for the global hydraulic filter market by product type, end use industry, mode of distribution channel, and region, as follows:
By End Use Industry ($ Million and Thousand Units from 2012 to 2023)
Construction Machinery
Mining Industry
Petrochemical Industry
Aerospace
Transportation
Marine
By Product Type ($ Million and Thousand Units from 2012 to 2023)
Pressure Side filter
Suction Side filter
Return Side filter
Off-Line filter
In-Tank Breather Filter
By Mode of Distribution Channel ($ Million and Thousand Units from 2012 to 2023)
By Region ($ Million and Thousand Units from 2012 to 2023)
North America
Europe
Germany
France
Spain
United Kingdom
Italy
Asia Pacific
China
Japan
Taiwan
India
Indonesia
The Rest of the World
This 189-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email or click on this link http://www.lucintel.com/toc/hydraulic-filter-market-2018-2023.aspx or helpdesk@lucintel.com .
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