Did You Know? The U.S. Fluid Power Industry is Strongly Competitive Around the World

Eric Lanke NFPA CEO

 

by Eric Lanke
NFPA CEO

Fluid Power ExportsIn 2014, the value of U.S. exports of fluid power was $5.9 billion. It was the fifth straight year of export growth, increasing 127% since the 2009 recession, and 74% higher than its pre-recession high in 2008.

The top ten export destinations—Brazil, Mexico, China, France, Australia, United Kingdom, Japan, Canada, Germany and Singapore—account for 72% of all U.S. fluid power exports. Growth in these export markets has been dramatic since the 2009 recession, ranging from 67% in Singapore to 248% in Brazil.

These and other facts about fluid power can be found in the 2014 Annual Report on the U.S. Fluid Power Industry published by the National Fluid Power Association. The report reviews both the size and economic impact of the industry, as well as explores the energy consumption, best practices and current R&D directions of fluid power technology. Copies of the report can be downloaded from the NFPA website at: https://www.nfpa.com/fluidpower/annual-report-on-fluidpower-industry.aspx

 

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