Opportunities in the hydraulic filter market have evolved through a number of stages. Lucintel has found the future of this market to be promising; 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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Parker Hannifin, Mahle, Donaldson, Eaton, UFI FILTERS, Danaher, Bosch Rexroth, SMC Corporation, Caterpillar, and Yamashin are some of the companies profiled in this report.
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