Hydraulic Filter Market Outlook Highlights Major Opportunities Likely to Steer Demand During Forecast Period
Verfasser: ashwani_kailiya on Tuesday, 30 April 2019The demand for hydraulic filters increased steadily to boost global sales to over 41 million units in 2018; the market is likely to envisage 3.5% y-o-y in 2019, according to a recent study published by Fact.MR. Growing demand for hydraulic filters is mainly attributed to the widening range of applications in various end-use industries to limit system failures caused by contamination.
The study finds that industrial filters accounted for approximately 69% volume share of the global hydraulic filer market in 2018. Leading manufacturers in the hydraulic filter market are launching tailor-made industrial filters with robust performance characteristics to sync with the varied requirements of industrial filtration applications.
An upsurge in demand for industrial hydraulics over mobile hydraulics is shaping new trends in the hydraulic filter market, according to the study. Manufacturers are diversifying their product portfolios with innovative designs of suction filters and return line filters, which are most suitable for various industrial applications. Leading companies, including Parker Hannifin Corp., Walter Stauffenberg GmbH & Co. KG, and Filtration Group Corporation, are gearing up to capitalize on increased demand for industrial filters in various end-use industries, especially in the aerospace and defense industry.