The fourth annual Report on the U.S. Fluid Power Industry is published and available for download on the NFPA website.
Fluid power is a workhorse of the American economy and is used in dozens of industries and hundreds of applications. As in previous reports, this new 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.
The information provided in the report is useful to fluid power professionals, customers, and prospects alike. Key conclusions include:
- U.S. manufacturing of fluid power components reached a record-high $21.7 billion in 2017.
- Fluid power exports continue to increase since recession-era lows, reaching customers around the globe.
- The supply, manufacturing, and distribution of fluid power products directly employs more than 67,000 people and indirectly supports jobs for 775,000 more.