Economic reports from NFPA continue to be a valuable resource for preparing our members for what’s next in the fluid power industry. This month, there are several updated reports available that are packed with the details you need to make informed business decisions. One of these reports is the NFPA Forecast Report: U.S. Customer Markets.
NFPA’s Forecast Report on U.S. Customer Markets by ITR Economics is a quarterly report that includes an annual outlook using ITR phase identifiers for the current year and next two years ahead for 30 of fluid power’s most popular customer markets, as well as hydraulics, pneumatics and the overall fluid power industry.
Quarter 3 updates include:
- Shipments growth rate
- Economic opportunities for NFPA members
- Economic risks for NFPA members
- Market growth overview
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Megan Tian of Lake Oswego, OR is the winner of the 2023 NFPA Robotics Challenge Scholarship. The scholarship program received strong applications from students across the country who used pneumatics in robotics competitions. The NFPA member judges who interviewed Megan were impressed by her understanding of pneumatics, leadership skills, and involvement in her community. Megan will…
The academic year is underway, and we have been reconnecting with our education partners in our Power Partner and Fast Track programs about the best opportunities to recruit students pursing fluid power education tracks and careers in the industry. With our Power Partners, we are hosting a series of industry connection events and inviting underclassmen,…
NFPA member companies span the spectrum of the fluid power industry. This series features the short company profile of an NFPA member as a way to highlight the diversity and strength of our industry. Today’s company is: Scott Industrial Systems, Inc. Scott Industrial Systems is a full line fluid power distributor with headquarters in Dayton, OH.…