Middle East & Africa Hydraulic Filters Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Suction Filter, Pressure Filter, Return Line Filter, Off-Line Filter, Breather Filter, and Others), and End-user (Manufacturing, Marine, Automotive, Chemical and Petrochemical, Power Generation, Agriculture, Construction, Metal and Mining, and Others)
Market Introduction
The MEA region has abundant natural and human resources, and it contributes a substantial share to the world's oil & gas industry. The countries in this region vary substantially in living standards, natural resources, economic growth, population, technology landscape, and country size. Despite some hindering factors, such as increasing unemployment rate and uncertain oil prices, countries, such as the UAE, Saudi Arabia, and South Africa, are at the forefront of adopting various electronic equipment, such as hydraulic filters. Moreover, the rising number of smart city projects in Saudi Arabia, South Africa, and Dubai is considered the key driver for the hydraulic filters market growth across the MEA region over the next five to seven years. Also, the MEA region is attracting a lot of foreign investments in its infrastructure and construction sector. Moreover, Africa faces a housing crisis attributed to the rapidly growing population and the increasing migration of people to urban areas. Due to the continually increasing population of the region, there would be an increase in housing and other necessary infrastructure. Thus, the Availability of superior products for high filtering capacity is expected to create a significant demand for hydraulic filters in the coming years, which is further anticipated to drive the hydraulic filters market in MEA.
Also, the ongoing COVID-19 is having terrible effect on MEA economy. In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The region comprises many growing economies such as UAE, among others, which are prospective markets for hydraulic filters providers, owing to the huge presence of diverse customer base as well as infrastructural development to build smart cities. The majority of the business in these countries have come to a halt and is expected to continue slower than usual pace. The countries are taking significant containment measures to reduce the number of infected patients. COVID-19 pandemic outbreak has severely affected the automotive industry and has resulted in the shutting down of various automotive manufacturing facilities in the MEA. Thus, leading to reduction in demand for hydraulic filters. Additionally, the adverse effect on the tourism and hospitality industry has affected the sales of new cars in the region. Therefore, the COVID-19 pandemic outbreak has suppressed the hydraulic filters market in the MEA region.
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Market Overview and Dynamics
The hydraulic filters market in MEA is expected to grow from US$ 165.38 million in 2019 to US$ 245.82 million by 2027; it is estimated to grow at a CAGR of 5.2% from 2020 to 2027. Digitization has increased the efficiency of existing machines and is expected to boost the demand for hydraulic filters, in MEA hydraulic filters market in 2019 because of reliable and high quality offerings. The emergence of new market players from the MEA is a new challenge for established leaders in the market. The idea of digital machinery has transformed manufacturers from 'hardware-only' providers into 'providers of' hardware, software, and services, which in turn has led to the development of new business models. These new models are used by hydraulic filter manufacturers to generate a steady stream of revenues and build a loyal client base. Digitization has paved the way for manufacturers of hydraulic filters to introduce new business models based on equipment utilization or performance. Also, integrating digital electronics with hydraulic systems provides one of the best solutions in modern control architectures in terms of high power density and hydraulic system flexibility. Moreover, with just few modifications, such electro-hydraulic components can be easily integrated with conventional systems. Similarly, hydraulic hose failure or connector leakage of hydraulic systems can be predicted using IoT technology. Thus, growing digitization is one of the major factors driving the growth of MEA hydraulic filters market during the forecast period.
Key Market Segments
In terms of product, the return line filter segment accounted for the largest share of the MEA hydraulic filters market in 2019. In terms of end-user, the chemical and petrochemical segment held a larger market share of the MEA 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 MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the MEA hydraulic filters market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA hydraulic filters market
- Efficiently plan M&A and partnership deals in MEA hydraulic filters market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA hydraulic filters market
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Hydraulic filters Market Segmentation
MEA Hydraulic filters Market - By Product
- Suction Filter
- Pressure Filter
- Return Line Filter
- Off-Line Filter
- Breather Filter
- Others
MEA Hydraulic filters Market - By End-User
- Manufacturing
- Marine
- Automotive
- Chemical and Petrochemical
- Power Generation
- Agriculture
- Construction
- Metal and Mining
- Others
MEA Hydraulic filters Market - By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Hydraulic filters Market - Company Profiles
- 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Hydraulic Filters Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
5. MEA Hydraulic Filters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Hydraulic Filter at Huge Demand Owing to Digital Up Gradation
5.1.2 Construction Sector Receiving High Investments
5.2 Market Restraints
5.2.1 Steady Design and Difficult Installation Process to Reduce the Growth of Hydraulic Filters Market
5.3 Market Opportunities
5.3.1 Cyclone Effect Technology Used to Develop Hydraulic Filters
5.4 Future Trends
5.4.1 Superior Products for High Filtering Capacity
5.5 Impact Analysis of Drivers and Restraints
6. Hydraulic Filters Market – MEA Analysis
6.1 Overview
6.2 MEA Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. MEA Hydraulic Filters Market Analysis – By Product
7.1 Overview
7.2 MEA Hydraulic Filters Market, By Product (2019 and 2027)
7.3 Suction Filter
7.3.1 Overview
7.3.2 Suction Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Pressure Filter
7.4.1 Overview
7.4.2 Pressure Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Return Line Filter
7.5.1 Overview
7.5.2 Return Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Off-Line Filter
7.6.1 Overview
7.6.2 Off-Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Breather Filter
7.7.1 Overview
7.7.2 Breather Filter Market Revenue and Forecast to 2027 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecast to 2027 (US$ Million)
8. MEA Hydraulic Filters Market Analysis – By End-User
8.1 Overview
8.2 MEA Hydraulic Filters Market Breakdown, by End-User, 2019 & 2027
8.3 Manufacturing
8.3.1 Overview
8.3.2 Manufacturing Market Revenue and Forecast to 2027 (US$ Million)
8.4 Marine
8.4.1 Overview
8.4.2 Marine Market Revenue and Forecast to 2027 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive Market Revenue and Forecast to 2027 (US$ Million)
8.6 Chemical and Petrochemical
8.6.1 Overview
8.6.2 Chemical and Petrochemical Market Revenue and Forecast to 2027 (US$ Million)
8.7 Power Generation
8.7.1 Overview
8.7.2 Power Generation Market Revenue and Forecast to 2027 (US$ Million)
8.8 Agriculture
8.8.1 Overview
8.8.2 Agriculture Market Revenue and Forecast to 2027 (US$ Million)
8.9 Construction
8.9.1 Overview
8.9.2 Construction Market Revenue and Forecast to 2027 (US$ Million)
8.10 Metal and Mining
8.10.1 Overview
8.10.2 Metal and Mining Market Revenue and Forecast to 2027 (US$ Million)
8.11 Others
8.11.1 Overview
8.11.2 Others Market Revenue and Forecast to 2027 (US$ Million)
9. MEA Hydraulic Filters Market – Country Analysis
9.1 Overview
9.1.1 MEA: Hydraulic Filters Market, by Key Country
9.1.1.1 South Africa: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Hydraulic Filters Market, by Product
9.1.1.1.2 South Africa: Hydraulic Filters Market, by End-User
9.1.1.2 Saudi Arabia: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Hydraulic Filters Market, by Product
9.1.1.2.2 Saudi Arabia: Hydraulic Filters Market, by End-User
9.1.1.3 UAE: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Hydraulic Filters Market, by Product
9.1.1.3.2 UAE: Hydraulic Filters Market, by End-User
9.1.1.4 Rest of MEA: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Hydraulic Filters Market, by Product
9.1.1.4.2 Rest of MEA: Hydraulic Filters Market, by End-User
10. MEA Hydraulic Filters Market - COVID-19 Impact Analysis
10.1 MEA: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Donaldson Company, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Eaton Corporation plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Filtration Group Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 HYDAC TECHNOLOGY Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MANN+HUMMEL International GmbH & Co. KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MP Filtri S.p.A
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Pall Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Parker Hannifin Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 YAMASHIN-FILTER CORP.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Hydraulic Filters Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. South Africa: Hydraulic Filters Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: Hydraulic Filters Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia: Hydraulic Filters Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: Hydraulic Filters Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE: Hydraulic Filters Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE: Hydraulic Filters Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA: Hydraulic Filters Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA: Hydraulic Filters Market, by End-User –Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Hydraulic Filters Market Segmentation
Figure 2. MEA Hydraulic Filters Market Segmentation – By Country
Figure 3. MEA Hydraulic Filters Market Overview
Figure 4. MEA Hydraulic Filters Market, By Country
Figure 5. MEA Hydraulic Filters Market, By Product
Figure 6. MEA Hydraulic Filters Market, By End-User
Figure 7. MEA – PEST Analysis
Figure 8. MEA Hydraulic Filters Market – Ecosystem Analysis
Figure 9. MEA Hydraulic Filters Market: Impact Analysis of Drivers and Restraints
Figure 10. MEA Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. MEA Hydraulic Filters Market Revenue Share, by Product (2019 and 2027)
Figure 12. MEA Suction Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. MEA Pressure Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Return Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. MEA Off-Line Filter: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. MEA Breather Filter Market Revenue and Forecast to 2027(US$ Million)
Figure 17. MEA Others Market Revenue and Forecast to 2027(US$ Million)
Figure 18. MEA Hydraulic Filters Market Breakdown, by End-User (2019 and 2027)
Figure 19. MEA Manufacturing Market Revenue and Forecast to 2027(US$ Million)
Figure 20. MEA Marine Market Revenue and Forecast to 2027(US$ Million)
Figure 21. MEA Automotive Market Revenue and Forecast to 2027(US$ Million)
Figure 22. MEA Chemical and Petrochemical Market Revenue and Forecast to 2027(US$ Million)
Figure 23. MEA Power Generation Market Revenue and Forecast to 2027(US$ Million)
Figure 24. MEA Agriculture Market Revenue and Forecast to 2027(US$ Million)
Figure 25. MEA Construction Market Revenue and Forecast to 2027(US$ Million)
Figure 26. MEA Metal and Mining Market Revenue and Forecast to 2027(US$ Million)
Figure 27. MEA Others Market Revenue and Forecast to 2027(US$ Million)
Figure 28. MEA: Hydraulic Filters Market Revenue Share, By Key Country (2019 and 2027)
Figure 29. South Africa: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Saudi Arabia: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. UAE: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Rest of MEA: Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in MEA Country Markets
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA hydraulic filters market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA hydraulic filters market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the hydraulic filters market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution