ITR’s Q3 U.S. Customer Markets Forecast Report is now available. This report forecasts over 30 different popular fluid power markets. Identify which phase of the business cycle a market is in and where it is headed in the future. Highlights from this report include:
- Oil and Gas Extraction Production is currently in phase B, accelerating growth, and is expected to end 2022 up 5.8% over 2021.
- Farm Machinery Shipments is currently in phase D, recession, but is expected to recover and end 2022 up 3.4% over 2021.
- Construction Machinery Production is expected to go into a mild recession in 2023 due to a lighter demand for homes.
NFPA supports student organizations at universities with annual stipend funding to help students learn about fluid power while they work on educational and technical projects. Currently for the 2023-24 academic year, there are 19 universities from across the country participating: If you are looking to get involved with these Fluid Power Clubs, see below for…
Mark your calendars for the NFPA Fluid Power Vehicle Challenge Design and Specification Midway Reviews, happening in December and January. This is a fantastic opportunity for industry members to get engaged and connect with students. The reviews are 45-minute webinar presentations with 10 minutes of Q&A from the judges. During this review, students will showcase…