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Published bySakshi Bhargava Modified over 5 years ago
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Hydraulic Filter Market Report 2019-2024: Trends, Forecast and Competitive Analysis 1
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Industry Profiles Snapshot Major ParameterDescription 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 CAGR3.6% 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. 2
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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% 3 Industry Performance : Forecast
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