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 expansion observed in the historical period can be ascribed to the industrialization and growth of the manufacturing sectors, a rise in the usage of hydraulic machinery and equipment, advancements in hydraulic filtration technology, the enforcement of stringent environmental and safety regulations, and the widespread 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 anticipated growth in the forecast period can be attributed to an emphasis on preventive maintenance in industrial equipment, the expansion of oil and gas exploration activities, the adoption of IoT in hydraulic filtration systems, the growth of renewable energy projects, the customization of hydraulic filters for specific applications, and the development of compact and space-efficient filter designs. Notable trends expected in the forecast period include technological advancements in filter materials, the integration of smart sensors for real-time monitoring, advancements in hydraulic equipment technology, an increase in demand for eco-friendly and sustainable filters, and the adoption of robotics in the manufacturing of hydraulic filters.
The anticipated growth in the hydraulic filter market is expected to be propelled by the increasing expansion of the defense industry. This sector encompasses entities engaged in the design, development, manufacturing, operation, and maintenance of aircraft, spacecraft, missiles, defense systems, and related technologies. Hydraulic filters play a crucial role in the defense industry by ensuring the reliability, efficiency, and safety of hydraulic systems, thereby facilitating optimal performance and the longevity of aircraft and defense equipment. For instance, as of March 2023, the United States Air Force (USAF) reported a budget request of approximately $215.1 billion for fiscal year 2024, indicating a $9.3 billion or 4.5% increase over the approved figure for FY 2023. Consequently, the growing expansion of the defense industry acts as a driving force for the hydraulic filter market.
The upward trajectory of the manufacturing industry is expected to contribute to the growth of the hydraulic filter market. The manufacturing industry involves the production of tangible goods through various processes, starting from raw materials and concluding with finished products. Hydraulic filters play a pivotal role in this industry by ensuring the cleanliness of hydraulic fluids, preventing contamination, and sustaining optimal performance and longevity of hydraulic systems. For example, as of July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in industrial output in the European area, with a corresponding 0.1% increase in the European Union between May and April 2023. Hence, the rising manufacturing industry serves as a catalyst for the growth of the hydraulic filter market.
Technological innovation has emerged as a prominent trend gaining traction in the hydraulic filter market. Major companies within the market are actively pursuing innovative solutions to maintain their competitive positions. For example, in March 2023, Donaldson Company Inc., a US-based manufacturing company, introduced Alpha-Web filtration media technology. This technology significantly enhances hydraulic fluid cleanliness, extending the life of critical components by up to 60% compared to standard synthetic media. The implementation of Alpha-Web technology aids in reducing downtime, lowering equipment ownership costs, and enhancing fluid protection against varying flow rates. The fine-fiber layer in this technology effectively traps and locks particles during frequent flow-rate changes, resulting in cleaner oil and improved protection for hydraulic equipment. It ensures improved performance, an extended lifespan, and a reduced risk of wear, damage, and unplanned downtime.
Major companies in the hydraulic filter market are intensifying their focus on introducing innovative filters, such as the filter element, to gain a competitive edge. The filter element serves as the central component of a filter, physically capturing and removing contaminants from a fluid or gas stream. For instance, in January 2021, Pall Corporation, a US-based provider of filtration, separations, and purification products, unveiled the Supralon Hydraulic Filter. These filters exhibit superior filtration efficiency with Beta ≥2000 performance. The optimized design of Supralon filters minimizes pressure drops within the system, leading to reduced energy consumption for pumps and lower operating costs. These filters incorporate Pall's Stress-Resistant Technology (SRT) media, featuring a unique construction that withstands even the most demanding hydraulic conditions, ensuring consistent filtration performance throughout the filter's lifespan.
In February 2021, UFI Filters Hydraulics S.p.A., an Italy-based manufacturing company, successfully acquired Friedrichs Filtersysteme GmbH for an undisclosed amount. Through this acquisition, UFI Filters Hydraulics aims to expand its portfolio by gaining access to additional markets, introducing new products, and obtaining patents. Friedrichs Filtersysteme GmbH, based in Germany, is an engineering company specializing in the manufacturing of hydraulic filter products and filtration technology.
Major companies operating in the hydraulic filter market report are Caterpillar Inc., Danaher Corporation, Eaton Corporation Plc, Parker Hannifin Corporation, MAHLE GmbH, Bosch Rexroth AG, Mann+Hummel Inc., Donaldson Company Inc., Pall Corporation, Filtration Group Corp, Baldwin Filters Inc., The Lee Company, Yamashin Filter Corp.,Prince Mfg Corp Radwell International Inc. AC321The Hilliard Corporation, Shelco Filters, Schroeder Industries LLC, Great Lakes Filters LLC, Fil-Trek Corporation, UFI Filters Hydraulics S.p.A., Sterlitech Corporation, Yardney Water Filtration Systems Inc., Hy-Pro Filtration Co, Lenz Inc., INTERNORMEN Technology GmbH, Main Filter LLC, Clean Liquid Systems LLC, MSC Filtration Technologies Inc.
North America was the largest region in the hydraulic filter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic filter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Hydraulic filters come in several types, including pressure side filters, return side filters, suction side filters, offline filters, and tank-breather filters. Pressure side filters are installed on the pressure line of a hydraulic system. These filters employ various technologies, including those with sensors and those without sensors. They are distributed through various channels such as original equipment manufacturers (OEM) and after-market providers. Hydraulic filters find applications in diverse industries, including automotive, aerospace, construction equipment, industrial settings, marine environments, the mining industry, petrochemical industries, and various other applications.
The hydraulic filters market research report is one of a series of new reports that provides hydraulic filters market statistics, including hydraulic filters industry global market size, regional shares, competitors with a hydraulic filters market share, detailed hydraulic filters market segments, market trends, and opportunities, and any further data you may need to thrive in the hydraulic filters industry. This hydraulic filters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydraulic filter market consists of sales of magnetic filters, and desiccant breathers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
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 anticipated growth in the forecast period can be attributed to an emphasis on preventive maintenance in industrial equipment, the expansion of oil and gas exploration activities, the adoption of IoT in hydraulic filtration systems, the growth of renewable energy projects, the customization of hydraulic filters for specific applications, and the development of compact and space-efficient filter designs. Notable trends expected in the forecast period include technological advancements in filter materials, the integration of smart sensors for real-time monitoring, advancements in hydraulic equipment technology, an increase in demand for eco-friendly and sustainable filters, and the adoption of robotics in the manufacturing of hydraulic filters.
The anticipated growth in the hydraulic filter market is expected to be propelled by the increasing expansion of the defense industry. This sector encompasses entities engaged in the design, development, manufacturing, operation, and maintenance of aircraft, spacecraft, missiles, defense systems, and related technologies. Hydraulic filters play a crucial role in the defense industry by ensuring the reliability, efficiency, and safety of hydraulic systems, thereby facilitating optimal performance and the longevity of aircraft and defense equipment. For instance, as of March 2023, the United States Air Force (USAF) reported a budget request of approximately $215.1 billion for fiscal year 2024, indicating a $9.3 billion or 4.5% increase over the approved figure for FY 2023. Consequently, the growing expansion of the defense industry acts as a driving force for the hydraulic filter market.
The upward trajectory of the manufacturing industry is expected to contribute to the growth of the hydraulic filter market. The manufacturing industry involves the production of tangible goods through various processes, starting from raw materials and concluding with finished products. Hydraulic filters play a pivotal role in this industry by ensuring the cleanliness of hydraulic fluids, preventing contamination, and sustaining optimal performance and longevity of hydraulic systems. For example, as of July 2023, Eurostat, a Luxembourg-based government statistical agency, reported a 0.2% increase in industrial output in the European area, with a corresponding 0.1% increase in the European Union between May and April 2023. Hence, the rising manufacturing industry serves as a catalyst for the growth of the hydraulic filter market.
Technological innovation has emerged as a prominent trend gaining traction in the hydraulic filter market. Major companies within the market are actively pursuing innovative solutions to maintain their competitive positions. For example, in March 2023, Donaldson Company Inc., a US-based manufacturing company, introduced Alpha-Web filtration media technology. This technology significantly enhances hydraulic fluid cleanliness, extending the life of critical components by up to 60% compared to standard synthetic media. The implementation of Alpha-Web technology aids in reducing downtime, lowering equipment ownership costs, and enhancing fluid protection against varying flow rates. The fine-fiber layer in this technology effectively traps and locks particles during frequent flow-rate changes, resulting in cleaner oil and improved protection for hydraulic equipment. It ensures improved performance, an extended lifespan, and a reduced risk of wear, damage, and unplanned downtime.
Major companies in the hydraulic filter market are intensifying their focus on introducing innovative filters, such as the filter element, to gain a competitive edge. The filter element serves as the central component of a filter, physically capturing and removing contaminants from a fluid or gas stream. For instance, in January 2021, Pall Corporation, a US-based provider of filtration, separations, and purification products, unveiled the Supralon Hydraulic Filter. These filters exhibit superior filtration efficiency with Beta ≥2000 performance. The optimized design of Supralon filters minimizes pressure drops within the system, leading to reduced energy consumption for pumps and lower operating costs. These filters incorporate Pall's Stress-Resistant Technology (SRT) media, featuring a unique construction that withstands even the most demanding hydraulic conditions, ensuring consistent filtration performance throughout the filter's lifespan.
In February 2021, UFI Filters Hydraulics S.p.A., an Italy-based manufacturing company, successfully acquired Friedrichs Filtersysteme GmbH for an undisclosed amount. Through this acquisition, UFI Filters Hydraulics aims to expand its portfolio by gaining access to additional markets, introducing new products, and obtaining patents. Friedrichs Filtersysteme GmbH, based in Germany, is an engineering company specializing in the manufacturing of hydraulic filter products and filtration technology.
Major companies operating in the hydraulic filter market report are Caterpillar Inc., Danaher Corporation, Eaton Corporation Plc, Parker Hannifin Corporation, MAHLE GmbH, Bosch Rexroth AG, Mann+Hummel Inc., Donaldson Company Inc., Pall Corporation, Filtration Group Corp, Baldwin Filters Inc., The Lee Company, Yamashin Filter Corp.,Prince Mfg Corp Radwell International Inc. AC321The Hilliard Corporation, Shelco Filters, Schroeder Industries LLC, Great Lakes Filters LLC, Fil-Trek Corporation, UFI Filters Hydraulics S.p.A., Sterlitech Corporation, Yardney Water Filtration Systems Inc., Hy-Pro Filtration Co, Lenz Inc., INTERNORMEN Technology GmbH, Main Filter LLC, Clean Liquid Systems LLC, MSC Filtration Technologies Inc.
North America was the largest region in the hydraulic filter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydraulic filter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Hydraulic filters come in several types, including pressure side filters, return side filters, suction side filters, offline filters, and tank-breather filters. Pressure side filters are installed on the pressure line of a hydraulic system. These filters employ various technologies, including those with sensors and those without sensors. They are distributed through various channels such as original equipment manufacturers (OEM) and after-market providers. Hydraulic filters find applications in diverse industries, including automotive, aerospace, construction equipment, industrial settings, marine environments, the mining industry, petrochemical industries, and various other applications.
The hydraulic filters market research report is one of a series of new reports that provides hydraulic filters market statistics, including hydraulic filters industry global market size, regional shares, competitors with a hydraulic filters market share, detailed hydraulic filters market segments, market trends, and opportunities, and any further data you may need to thrive in the hydraulic filters industry. This hydraulic filters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydraulic filter market consists of sales of magnetic filters, and desiccant breathers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hydraulic Filter Market Characteristics3. Hydraulic Filter Market Trends and Strategies32. Global Hydraulic Filter Market Competitive Benchmarking33. Global Hydraulic Filter Market Competitive Dashboard34. Key Mergers and Acquisitions in the Hydraulic Filter Market
4. Hydraulic Filter Market - Macro Economic Scenario
5. Global Hydraulic Filter Market Size and Growth
6. Hydraulic Filter Market Segmentation
7. Hydraulic Filter Market Regional and Country Analysis
8. Asia-Pacific Hydraulic Filter Market
9. China Hydraulic Filter Market
10. India Hydraulic Filter Market
11. Japan Hydraulic Filter Market
12. Australia Hydraulic Filter Market
13. Indonesia Hydraulic Filter Market
14. South Korea Hydraulic Filter Market
15. Western Europe Hydraulic Filter Market
16. UK Hydraulic Filter Market
17. Germany Hydraulic Filter Market
18. France Hydraulic Filter Market
19. Italy Hydraulic Filter Market
20. Spain Hydraulic Filter Market
21. Eastern Europe Hydraulic Filter Market
22. Russia Hydraulic Filter Market
23. North America Hydraulic Filter Market
24. USA Hydraulic Filter Market
25. Canada Hydraulic Filter Market
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
31. Hydraulic Filter Market Other Major and Innovative Companies
35. Hydraulic Filter Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Hydraulic Filter Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hydraulic filter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for hydraulic filter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: Caterpillar Inc.; Danaher Corporation; Eaton Corporation Plc; Parker Hannifin Corporation; MAHLE GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Caterpillar Inc.
- Danaher Corporation
- Eaton Corporation Plc
- Parker Hannifin Corporation
- MAHLE GmbH
- Bosch Rexroth AG
- Mann+Hummel Inc.
- Donaldson Company Inc.
- Pall Corporation
- Filtration Group Corp
- Baldwin Filters Inc.
- The Lee Company
- Yamashin Filter Corp.
- Prince Mfg Corp Radwell International Inc. AC321The Hilliard Corporation
- Shelco Filters
- Schroeder Industries LLC
- Great Lakes Filters LLC
- Fil-Trek Corporation
- UFI Filters Hydraulics S.p.A.
- Sterlitech Corporation
- Yardney Water Filtration Systems Inc.
- Hy-Pro Filtration Co
- Lenz Inc.
- INTERNORMEN Technology GmbH
- Main Filter LLC
- Clean Liquid Systems LLC
- MSC Filtration Technologies Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.56 Billion |
Forecasted Market Value ( USD | $ 4.58 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |