The third annual Report on the U.S. Fluid Power Industry is available for download
The National Fluid Power Association has published its annual report. The 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.
The information provided in the report is useful to fluid power professionals, customers, and prospects . Key conclusions include:
- Fluid power (hydraulics and pneumatics) is a workhorse of the U.S. economy. It is a cross-cutting technology of choice for dozens of industries and hundreds of applications.
- In 2016, the manufacture of fluid power components was a $19 billion industry.
- The U.S. fluid power industry is strongly competitive around the world, with 2016 exports valued at $5.5 billion.
- It is estimated that 862 companies in the United States employ more than 67,149 people in the manufacture of fluid power components, representing an annual payroll of more than $49.3 billion.
For more information, and to download the document, visit www.nfpa.com.