Views: 6 Author: Site Editor Publish Time: 2024-01-12 Origin: Site
The market size of rotary hydraulic filters will reach $2.12 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% by 2030.
One of the main drivers of the current market expansion is the rapid growth of global automotive production, especially the rapid development of the Indian automotive industry. Another factor driving the market growth is the demand for alternatives to throttling devices. Because the filter tank of the rotary hydraulic filter is disposable and easy to repair, maintenance is relatively simple, so it is widely used.
In terms of overall market opportunities, there is an increased demand for rotary filters in the agricultural sector, especially in agricultural machinery and horticultural devices. In terms of trends, the global focus on reducing carbon footprint is driving the market, with countries enacting regulations to reduce carbon emissions. Emerging economies, especially in the Asia-Pacific region, are the engine of market growth.
Overall, the market for rotary mounted hydraulic filters is expanding rapidly worldwide, benefiting from the growth of the automotive industry, the demand for alternatives to throttling devices, and the global focus on reducing the carbon footprint.
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