Annual Report on the U.S. Fluid Power Industry Measures Impact
The third annual Report on the U.S. Fluid Power Industry is finished and available for download on the NFPA website. Get your copy today!
The recently published document outlines the size and economic impact of the fluid power industry, provides energy and efficiency information, and summarizes key research challenges and opportunities in fluid power technology and manufacturing. Again and again, report data show that fluid power is a workhorse of the American economy and is used in dozens of industries and hundreds of applications.
The information provided in the report is useful to fluid power professionals, customers, and prospects alike. Key conclusions include:
- Fluid power is adapting to the changing needs of your customers. Key breakthroughs have already been made in increasing energy efficiency and storage, reducing component size, and more. Forward to a Customer
- Fluid power represents a large part of the economy – the manufacture of fluid power components was a $19 billion industry in 2016, and exports were valued at $5.5 billion.
- The fluid power industry employs more than 67,000 people at over 860 fluid power manufacturing companies, and more than 778,000 people work at the over 23,000 companies in key industries dependent on fluid power.