Market Introduction Hydraulic filters are used to protect the components of hydraulic system from damage caused by contamination of particulate oils or other hydraulic fluids in use.Hydraulic filters help filtering the oil continuously to eliminate dirt and particles.
The performance of the hydraulic filter is measured by the rate at which contamination, i.e., high dirt-holding capacity, is effectively removed. As for an engine, the use of lubricants is crucial for its enhanced performance. The oil keeps the components wet and aligned. In addition, around 75% of fluid engine failures are related to contamination-related situations. The continually evolving petrochemical, mining, and construction machinery sector, has increased the demand for hydraulic filters across all major developing economies. Sales of hydraulic filters are further increased by macroeconomic factors such as increasing urbanization and industrial activities, coupled with a rise in downstream consumption and growing demand for oil in many countries. The growing concerns about efficient operations in industries have increased the sales of hydraulic filters, which, in turn is propelling the growth of the North America hydraulic filters market. Moreover, considerable growth in the industrial and technological sector in North America region has created a significant opportunity for the hydraulic filters market. Also, the ongoing COVID-19 is having a very devastating impact over the North America region.Presently, the US is the worst-affected country due to the COVID-19 outbreak.
North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada.The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country.
The continuous growth of infected individuals had led the government to impose lockdown across the nation’s borders in last few months.As a result, several small & medium enterprise owners have limited their industry personnel whereas many other have laid off non-essential employees shortly owing to restricted business operation.
In addition to this, the company also minimized the allocated budget for manufacturing of various hydraulic equipment’s, such as, hydraulic filters owing to economic slowdown, which affected the business activities. Moreover, the component manufacturer, supply chain and distributor lack of availability of business also has significantly influencing the production of hydraulic filters by the market players. Thus, the market is expected to witness a major drop in the demand from the end-users for the current year and the subsequent years to recover from the impact of COVID-19 pandemic.
Market Overview and Dynamics The hydraulic filters market in North America is expected to grow from US$ 1194.88 million in 2019 to US$ 2089.54 million by 2027; it is estimated to grow at a CAGR of 7.3% from 2020 to 2027. With cyclone-effect, the fluid flow enters filter housing on a tangent to the element. Oil thus envelops the component surface and gets distributed in a downward spiral flowing pattern over the filter media surface. This patent-pending function ensures that heavy contamination particles are carried out outward and away from the filter element, avoiding the pores’ premature blockage. These heavier particles will collect on the inside and bottom of the filter tank, increasing the dirt holding ability and extending the time between element replacements by 7-10 percent, depending on the actual fluid flow conditions. Also, the cyclone filter concept can bring significant advantages to hydraulic applications, such as better machine performance, greater reliability, and more effective maintenance. The filter can be cleaned without replacement through the filter bowl detents, which collect larger particles at the bottom of the filter bowl. When replacement is necessary, it can be achieved before the accumulation of particles impact performance. With the filter’s installation, hydraulic performance can be safeguarded without the need for a bypass control valve. Thus, the development of the hydraulic filters with cyclone effect technology is one of the major factors anticipated to propel the North America hydraulic filters market growth during the forecast period.
Key Market Segments In terms of product, the return line filter segment accounted for the largest share of the North America hydraulic filters market in 2019. In terms of end-user, the manufacturing segment held a larger market share of the North America hydraulic filters market in 2019.
Major Sources and Companies Listed A few major primary and secondary sources referred to for preparing this report on the hydraulic filters market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bosch Rexroth Corporation; Donaldson Company, Inc.; Eaton Corporation Plc.; Filtration Group Industrial; HYDAC Technology Ltd.; MANN+HUMMEL Group; MP Filtri S.p.A.; Pall Corporation; Parker-Hannifin Corporation; YAMASHIN-FILTER CORP.
North America Hydraulic filters Market Segmentation North America Hydraulic filters Market - By Product • Suction Filter • Pressure Filter • Return Line Filter • Off-Line Filter • Breather Filter • Others North America Hydraulic filters Market - By End-User • Manufacturing • Marine • Automotive • Chemical and Petrochemical • Power Generation • Agriculture • Construction • Metal and Mining • Others North America Hydraulic filters Market - By Country • US • Canada • Mexico North America Hydraulic filters Market - Company Profiles • Bosch Rexroth Corporation • Donaldson Company, Inc. • Eaton Corporation Plc. • Filtration Group Industrial • HYDAC Technology Ltd. • MANN+HUMMEL Group • MP Filtri S.p.A. • Pall Corporation • Parker-Hannifin Corporation • YAMASHIN-FILTER CORP.
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