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Worldwide Industry for Hydraulic Filters to 2027 – Impact of the COVID-19 Pandemic

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DUBLIN, Nov. 27, 2020 /PRNewswire/ — The “Hydraulic Filter Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product and End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.

In 2019, North America led the global hydraulic filter market with 36.81% revenue share, followed by Europe and North America. North America comprises developed economies, including the US and Canada, and developing economies, such as Mexico. This region’s significant share is mainly due to high customer awareness and greater acceptance of innovative technologies.

Hydraulic filter is increasingly used in high-risk environments, including mining operations, oil & gas recovery, and construction sites. Increased consolidation of farms, increased government support through subsidies, a positive economic outlook, and a large production base are driving sales of high capacity hydraulic filter equipment. Hydraulic filter manufacturers are at the forefront of the agricultural sector’s change and evolution, which gives rise to the modern-day integrated farm management approach.

Farmers are increasingly adopting advanced technologies-such as GPS-controlled agricultural machinery-and precision farming systems form the backbone of these technologies in most North American markets. Growing adoption of precision farming is one of the critical factors influencing the market’s growth over the forecast period. Companies are continuously developing their overall business processes to meet consumers’ demands for high-quality goods.

Moreover, the US aerospace, automotive, and defense sectors have been the major driving factors for metal-forming hydraulic filters. The requirement for manufactured metal products is high in these industries. As Industry 4. has gained momentum throughout the manufacturing sector, it is also affecting the hydraulic filters’ market to become part of the smart systems. Industry 4. can improve the use of hydraulic filter in fabrication operations by cutting down on idle time. The trade deal between the US and China, which could significantly increase Chinese imports of US agricultural products, may boost agricultural equipment investment. The market players are focusing on both organic and inorganic growth strategies to sustain the competitive environment.

For instance, in January 2019, Eaton Corporation plc-a multinational power management company-announced that the Aftermarket division of its Vehicle Group had entered an agreement with Bezares SA for improving its presence in the North American region. The agreement would also enable the company to offer a comprehensive mobile power hydraulic portfolio, including hydraulic filters, to cater to the North American customers’ dynamic needs.

In 2019, Europe stood second in the hydraulic filter market with a decent market share and it is anticipated to witness a steady CAGR from 2020 to 2027. The European continent involves Germany, France, the UK, and Italy, among others. 2019 showed promising results for tech investments in Europe, as European tech continues to break records despite the UK and EU economic slowdowns. Over the past five years, capital invested in European technology has grown by 124%, with a 39% increase between 2018 and 2019 alone, reaching US$ 34. billion in capital investment for 2019. This compares with reductions in investment in both the US and Asian capital between 2018 and 2019. Western Europe is renowned for its improved living conditions, with higher income levels among residents.

Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The hydraulic filter market players mainly focus on the acquisition strategy to expand their business and maintain their brand name globally. For instance, in 2020, Pall Corporation formed a joint venture named Pall Arabia with Tanajib, a leading petroleum services company in GCC. Under the JV, Pall Arabia would market and distribute Pall corporation’s products in GCC

Impact of COVID-19 on Hydraulic Filter market

Coronavirus or COVID-19 outbreak first began in Wuhan, China, during December 2019, and since then, it has spread at a fast pace across the globe. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global electronics & semiconductor industry is one of the primary sectors suffering severe disruptions, such as supply chain breaks, technology event cancellations, and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries, and it is also one of the worst-affected countries.

The lockdown of different plants and factories in China affects the global supply chains and negatively impacts the manufacturing of various electronic goods. The international travel bans imposed by countries in Europe, Asia, and North America affect business collaborations and partnerships opportunities. All these factors are anticipated to affect the electronic & semiconductor industry negatively and thus act as a restraining factor for the growth of various markets related to this industry in the coming months, such as the hydraulic filters market. Due to COVID-19 pandemic, the manufacturing plants, construction industry, automotive industry, and several other businesses are functioning slowly, negatively impacting the hydraulic filters market. Adding to this, the prices of hydraulic filter raw-materials fluctuate at a high pace due to lockdown and travel restrictions. This is also anticipated to negatively impact the growth of the hydraulic filters market during the forecast period.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global 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 global 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 global market trends and outlook coupled with the factors driving the 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

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Hydraulic Filters Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 APAC – PEST Analysis
4.2.4 MEA – PEST Analysis
4.2.5 SAM – PEST Analysis
4.3 Ecosystem Analysis

5. Hydraulic Filters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Digitization is Driving Demand for Hydraulic Filter
5.1.2 Increasing Investment in the Construction Industry
5.2 Market Restraints
5.2.1 Slow Design and Complicated Installation Process to Restrain the Growth of Hydraulic Filters Market
5.3 Market Opportunities
5.3.1 Development of Hydraulic Filters with Cyclone Effect Technology
5.4 Future Trends
5.4.1 Introduction of Advanced Products for Enhanced Filtering Capacity
5.5 Impact Analysis of Drivers and Restraints

6. Hydraulic Filters – Global Market Analysis
6.1 Overview
6.2 Hydraulic Filters Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking

7. Hydraulic Filters Market Analysis – By Product
7.1 Overview
7.2 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. Hydraulic Filters Market Analysis – By End-User
8.1 Overview
8.2 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$ Mn)
8.6 Chemical and Petrochemical
8.6.1 Overview
8.6.2 Chemical and Petrochemical Market Revenue and Forecast to 2027 (US$ Mn)
8.7 Power Generation
8.7.1 Overview
8.7.2 Power Generation Market Revenue and Forecast to 2027 (US$ Mn)
8.8 Agriculture
8.8.1 Overview
8.8.2 Agriculture Market Revenue and Forecast to 2027 (US$ Mn)
8.9 Construction
8.9.1 Overview
8.9.2 Construction Market Revenue and Forecast to 2027 (US$ Mn)
8.10 Metal and Mining
8.10.1 Overview
8.10.2 Metal and Mining Market Revenue and Forecast to 2027 (US$ Mn)
8.11 Others
8.11.1 Overview
8.11.2 Others Market Revenue and Forecast to 2027 (US$ Mn)

9. Hydraulic Filters Market – Geographic Analysis
9.1 Overview
9.2 North America: Hydraulic Filters Market
9.3 Europe: Hydraulic Filters Market
9.4 APAC: Hydraulic Filters Market
9.5 MEA: Hydraulic Filters Market
9.6 SAM: Hydraulic Filters Market

10. Impact of COVID-19 Outbreak
10.1 Impact of COVID-19 Pandemic on Global Hydraulic Filters Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: 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 Bosch Rexroth AG
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 Donaldson Company, Inc.
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 Eaton Corporation plc
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 Filtration Group Corporation
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 HYDAC TECHNOLOGY Limited
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 MANN+HUMMEL International GmbH & Co. KG
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 MP Filtri S.p.A
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 Pall 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 Parker Hannifin Corporation
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
12.10 YAMASHIN-FILTER CORP.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/m568av

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Source: https://www.prnewswire.com:443/news-releases/worldwide-industry-for-hydraulic-filters-to-2027—impact-of-the-covid-19-pandemic-301181137.html

Energy

Dakota Power wins N.J. project approval, has billion-dollar solar plans

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In addition to the 50 MW project, Dakota Power Partners has proposed developing at least five more utility-scale solar facilities across the Garden State.

Dakota Power Partners, which said it intends to invest $1 billion in utility-scale solar in New Jersey, has won approval for the developer’s first solar farm as part of what could become a large project portfolio.

The Millville Planning Board unanimously approved the 50 MW solar farm during its monthly meeting on January 12, clearing the way for construction to begin by year’s end. Called Nabb Solar I, the project will be located in western Millville and is anticipated to begin operation in fall 2022.

Timothy Daniels, Dakota’s principal and co-founder, said the local officials were “quick to see the value of this project.”

Over the 30-year expected life of the project, Nabb Solar I is estimated to generate a total of approximately $7.8 million in taxes. Dakota said it will pay annual real estate taxes of approximately $102,295 to the City of Millville, $67,547 to Millville Public Schools, and $98,166 to Cumberland County, for a total of $268,008 in local taxes per year.

Joe Derella, director of the Cumberland County Board of Commissioners, called the project a “massive $70 million investment in our region” that will create hundreds of jobs.

“This is what the future of energy looks like in New Jersey,” said Millville Mayor Mike Santiago.

Nabb Solar I is one of six similar New Jersey projects being proposed by Dakota Power Partners, which has offices in Millville and Denver, Colorado. In total, Dakota is proposing a $1 billion utility-scale solar investment in the Garden State.

Utilizing a portfolio of utility-scale solar and solar+storage projects across the state, the company said it intends to achieve generating capacity totaling more than 1 GW in New Jersey.

According Dakota, the company has participated in the development of more than 3.15 GW of operating and in-construction wind and solar projects around the U.S., representing an aggregate capital investment in rural communities in excess of $3.8 billion.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/dakota-power-wins-n-j-project-approval-has-billion-dollar-solar-plans/

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National lab and Youngstown State partner to develop battery manufacturing workforce

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Electric vehicle

The U.S. Department of Energy’s (DOE) Oak Ridge National Laboratory is partnering with Ohio’s Youngstown State University on a $1 million project to advance workforce development for the battery manufacturing industry.

According to the DOE, the new Energy Storage Workforce Innovation Center will serve as a training center based in the Midwest. It will support the battery and electric vehicle (EV) manufacturing industry in the northeast region of Ohio–referred to as “Voltage Valley” due to the EV sector’s regional investments–by helping supply a capable workforce.

The DOE said the U.S. is in a period of “tremendous advancement in battery technologies, presenting new opportunities for electric vehicles and energy storage systems,” and it’s essential to “prepare a workforce that will lead the next generation of energy storage technologies into practice.”

This effort supports the DOE’s Energy Storage Grand Challenge, which draws on the research capabilities of the U.S. national laboratories, universities, and industry to accelerate the development of energy storage technologies. The DOE added that the Energy Storage Grand Challenge Roadmap outlines a department-wide strategy to accelerate innovation across a range of storage technologies and develop a skilled workforce based on three concepts: Innovate Here, Make Here, and Deploy Everywhere.

U.S. Rep. Tim Ryan, representing Ohio’s 13th District, called this new partnership a “great example of how government can work to bolster efforts on the ground in our community to dominate in the clean energy economy.”

The $1 million project is sponsored by the DOE’s Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office and the Advanced Manufacturing Office.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/national-lab-and-youngstown-state-partner-to-develop-battery-manufacturing-workforce/

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Energy

Drought conditions could impact power generation in the West

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Ongoing drought and low snowpack mean that hydro production at two big dams could be impacted, affecting the West’s power supply in 2021.

Ongoing drought in parts of the West could trigger water conservation measures across seven states this year.

It would mark the first time that cutbacks outlined in drought contingency plans drafted two years ago have been put in place.

Everything from hydroelectric power generation to agricultural production to the bubbling fountains at Las Vegas casinos could be impacted.

Impacts on hydro generation could have ripple effects across the Southwest, including solar and energy storage.

A forecast released in mid-January by the U.S. Bureau of Reclamation said that the federally owned Lake Mead and Lake Powell — the nation’s two largest reservoirs and critical storage for Colorado River water and its 40 million users — are both approaching near-record-low levels. If those levels continue dropping as expected, agreements signed by the seven Colorado River Basin states in 2019 will go into effect, with water deliveries curtailed to keep the federal government from stepping in and imposing cuts of its own.

The Upper Colorado River basin region includes all or parts of Arizona, Colorado, Idaho, Nevada, New Mexico, Texas, Utah, and Wyoming. Drought has been an ongoing problem across much of the region for most of the century. The Bureau of Reclamation’s latest quarterly report showed Lake Powell at 42% of capacity and Lake Mead at 40%.

Three hydro plants that could be affected as water levels fall are the 1,312 MW station built at Glen Canyon Dam in 1964, and two hydro plants at Hoover Dam, which were built in 1936 and have a combined capacity of 2,078 MW.

In 2019, the Glen Canyon station generated nearly 4 million MWh of electricity. Combined, the two Hoover Dam stations generated roughly 3.4 million MWh, according to S&P Global.

The Bureau of Reclamation said in its report that during the 21-year period from 2000 to 2020, inflow to Lake Powell, which is a good measure of hydrologic conditions in the Colorado River Basin, was above average in only four of the past 19 years. It said the period 2000-2020 was the lowest 21-year period since the closure of Glen Canyon Dam in 1963.

The report said that under the current most probable forecast, the total water-year 2021 inflow to Lake Powell would be 5.72 million acre-feet, or roughly 53% of average.

If worst-case projections materialize, the water level at Lake Powell could drop below a critical level — measured as 3,525 feet above sea level — in early 2022, threatening the ability of Glen Canyon Dam to generate electricity.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/drought-conditions-could-impact-power-generation-in-the-west/

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Clorox achieves renewables goal for U.S., Canadian operations four years early

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The manufacturer reached its target with the help of a 70 MW virtual power purchase agreement with a Texas solar project.

The Clorox Co., whose products help consumers clean their homes and businesses, has turned to renewables to help clean the environment.

In an announcement, Clorox said it has reached its goal to power the company’s U.S. and Canadian operations using 100% renewable electricity. Part of the corporation’s environmental, social, and governance commitments, the target was achieved four years earlier than originally planned, thanks, in large part, to a solar contract.

In 2019, Clorox signed a 12-year virtual power purchase agreement (VPPA) to buy 70 MW annually from Enel Green Power’s Roadrunner solar project in Texas. Enel kicked off construction on the 497 MW Roadrunner facility in 2019 and completed the two-phase project in late 2020, making it one of the largest solar plants in the Lone Star State.

Moving forward, Clorox will maintain its 100% renewable electricity goal through the VPPA and other market purchases of renewable energy credits. Schneider Electric Energy & Sustainability Services advised the company on the deals.

Ed Huber, Clorox’s chief sustainability officer, said the manufacturer feels “a sense of urgency to address climate change” and recognizes “businesses play an important role in driving needed progress.”

Clorox also joined a coalition of other corporations–including Amazon, McDonalds, Pepsi Co., Walmart, and Facebook–calling on the Biden Administration to help pave the way for a zero-carbon U.S. power sector.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/clorox-achieves-renewables-goal-for-u-s-canadian-operations-four-years-early/

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