Lucintel forecasts that, pressure side filter will remain the largest segment 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. #HydraulicFilterMarket, #HydraulicMarket, #FilterMarket, #HydraulicFilter

1. Hydraulic Filter Market Report 2019-2024: Trends,
Forecast and Competitive Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by Product
Type
Suction side filter, pressure side filter, return side filter, off-line filter, and in-
tank breather filter
Market Segments by End Use
Industry
Construction machinery, mining, petrochemical, marine, transportation
Market Segments by Mode of
Distribute Channel
OEM and aftermarket
Market Segments by Region North America, Europe, Asia Pacific and Rest of the World.
Top Companies Name
Parker Hannifin, Mahle, Donaldson, Eaton, UFI FILTERS, Danaher, Bosch
Rexroth, SMC Corporation, Caterpillar, and Yamashin.
Trend Growth Rate and CAGR 3.6%
Key Industry Forecast
The global hydraulic filter market is expected to reach an estimated $6.8
billion by 2024 with a CAGR of 3.6% from 2019 to 2024.
Key Industry Driver
Driver: Increasing production of construction, mining, and other equipment,
stringent government regulations for environmental pollution, and increased
focus on preventive maintenance of hydraulic equipment and systems.
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3. Industry Overview
Market Size
• The global hydraulic filter market is
expected to reach an estimated $6.8 billion
by 2024 with a CAGR of 3.6% from 2019 to
2024.
• Emerging trends, which have a direct impact
on the dynamics of the hydraulic filter industry,
include 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.
Market Size (2024) $6.8 billion
CAGR (2019-24) 3.6%
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Industry Performance : Forecast