Midterm 2021-22 Highlights

The 2021-22 Midterm Report is set to hit the desks of NFPA members in mid-January. Access a digital version of the report here, and browse below for additional information to help you make the most of your NFPA membership.

Halfway through NFPA’s fiscal year, we have seen growth in a number of areas within the association as well as within the industry. Sales have picked up again for a number of our member companies, and a number of NFPA’s programs have set the groundwork for enhanced value and reach. Through this time of change and growth, our focus remains on the four essential value propositions that our members find most essential:

Effective Forum

NFPA provides an effective fluid power forum where NFPA members, OEMs, and related technology partners connect and advance our collective interests.

To date in the 2021-22 fiscal year, we have seen:

  • Two successful Quarterly Conferences, each engaging a record number of members in new technical content.
  • The conclusion of our inaugural Executive Leadership Program cohort, an interactive learning experience for Future Leaders, conducted in collaboration with the Kellogg School of Management. Applications are open for the second cohort, and more information will be released in the coming months.
  • Dozens of ongoing ISO and ANSI standardization meetings, helping to ensure close collaboration with customers on their use of fluid power.

You can take advantage of this area in the first part of 2022 by:

  • Registering for the 2022 Annual Conference
    Taking place February 22-24, 2022 at the Arizona Biltmore in Phoenix, Arizona, the 2022 is set to provide exceptional networking and learning opportunities for executives and future leaders across the fluid power supply chain. Learn more and register here.
  • Marking Your Calendars for the March NFPA/FPIC Quarterly Conference
    The NFPA/FPIC Quarterly Conference series will start again on March 3, 2022. Taking place both virtually and in-person in Detroit, the event will feature presentations covering advanced manufacturing technologies for fluid power components and systems. Registration and details will come in early 2022.
  • Referring a Company for NFPA Membership
    Know of a company that would benefit from NFPA membership? Refer them for membership and get a free conference registration when they join. Contact Denise Husenica at dhusenica@nfpa.com for more information and to get started.

Industry Statistics

NFPA provides its members with timely and accurate industry statistics and business intelligence that supports improved decision-making.

To date in the 2021-22 fiscal year, we have seen:

  • A successful return to in-person programming at the 2021 Industry and Economic Outlook Conference, which also provided valuable live-streamed content for virtual attendees and an enhanced platform for presentation replay for all who attended.
  • A number of updates to report content layout and analysis to make them easier to use and more valuable to NFPA members as they use them to plan for 2022.
  • Enhancements to the Business Intelligence program, which now has a content library available to members at NFPAHub.com with reports from past surveys of NFPA membership. The program aims to bring valuable information to decision makers on emerging issues for which formal data programs don’t currently exist.

You can take advantage of this area in the first part of 2022 by:

  • Downloading a Stats Report
    Available 24/7 and covering a wide variety of topics, there are stats reports available to NFPA members for a variety of needs they might have, ranging from helping them analyze trends and forecasts, learn more about new markets, and more. Check out the Market Information Report offering here.
  • Signing up for the Toolkit
    For members who are eligible for Toolkit access, it provides an intuitive interface for benchmarking company performance, automating time-consuming calculations, conducting industry analysis, identifying leading indicators and creating custom forecasts. Learn more and register for access here.
  • Participating in a Participation-Based Program or Business Intelligence Survey
    Participation-based programs such as Confidential Shipment Statistics, State of the Fluid Power Industry Survey and Customer Market Survey require members to participate in order to receive the reports, but in doing so, these programs are able to provide more targeted insights into the fluid power industry, which prove valuable to members planning their company’s next steps. The Business Intelligence program takes this a step further by providing timely information not otherwise covered in other programs. For more on participation-based programs, contact Sam Diedrich at sdiedrich@nfpa.com, and for more on the Business Intelligence program, contact Pete Alles at palles@nfpa.com.

Promote Fluid Power

NFPA provides opportunities and resources for its members to promote the unique strengths and inherent advantages offered by modern fluid power technology.

To date in the 2021-22 fiscal year, we have seen:

  • Publication of the 2021 update to the Technology Roadmap, a document which identifies fluid power’s strengths as well as broad capability improvements for the fluid power industry to work towards to better serve and expand its customer markets.
  • Publication of the new Fluid Power Industry Brief, formerly the Annual Report of the U.S. Fluid Power Industry, a shareable resource that informs customers and the general public about the strengths and advantages of fluid power technology.
  • Continued growth and promotion of our Fluid Power Forum podcast – now with 60+ episodes and more than 14,000 downloads.
  • A new education program initiative targeting trade shows in key customer markets. To date, fluid power education programs have been placed in the 2021 World Ag Expo and 2021 Utility Expo on-demand offerings, and submissions have been created for additional trade shows in 2022.

You can take advantage of this area in the first part of 2022 by:

  • Downloading and Sharing the Industry Brief
    Available to both members and non-members for download, the Fluid Power Industry Brief is a comprehensive compilation of the statistics such as size and growth trends, downstream impact of fluid power companies and our industry’s swift response to the COVID-19 pandemic. Download it to catch up on the latest on the industry yourself, and share with your customers, peers or anyone who should know more about the fluid power industry. Access the report here.
  • Subscribing to and Sharing the Fluid Power Forum Podcast
    Never miss an episode about the people, technologies, and unique applications that are moving the industry forward by subscribing, and help spread the word about the industry by sharing it with your contacts. Check out the top episode of 2021 to the right, or find the full episode list here.
  • Get Ready for IFPE 2023
    If you haven’t already claimed your exhibit space for IFPE 2023, now is the time to do so. Exhibitor resources to help you promote your presence will become available later in 2022. Learn more at IFPE.com.

Educated Workforce

NFPA helps increase the number of technical college and university students educated in fluid power and connects them to careers in the fluid power industry.

To date in the 2021-22 fiscal year, we have seen:

  • The recognition of two new Power Partner Universities, Milwaukee School of Engineering and Iowa State University, for their continued commitment to fluid power education and industry connection.
  • The expansion of the Fluid Power Vehicle Challenge to more than 20 teams from schools across the country, including schools that have previously not had much involvement in NFPA’s programs.
  • Making plans for additional Fast Track Hubs across the country. Existing Hubs are in Wisconsin and Illinois, and a third Hub is expected to launch within the next year.

You can take advantage of this area in the first part of 2022 by:

  • Donating to the Pascal Society
    Contributing to the Pascal Society not only supports programs building the future fluid power workforce, but also helps connect you to the talented students going through these programs through special Pascal Society donor-only opportunities. Learn more about Pascal Society here.
  • Inspiring Students to Consider Fluid Power
    The Speaker’s Bureau is an opportunity for industry professionals to showcase the innovation happening in the fluid power industry and inspire high school, technical college and university students to explore a career in fluid power. NFPA makes it easy for members to participate by providing a presentation template and connecting members to schools. Five companies have participated so far this school year. Contact Mary Pluta at mpluta@nfpa.com for more information.
  • Judging the Fluid Power Vehicle Challenge
    Judges are needed for the Fluid Power Vehicle Challenge, taking place in two parts in April 2022. Volunteering to be a judge will help you connect with engineering students while also helping them sharpen their engineering knowledge. Learn more about connections made through the Fluid Power Vehicle Challenge in the vide on the right, and contact Stephanie Scaccianoce at sscaccianoce@nfpa.com to learn more.
  • Reviewing Scholarship Applications
    Reviewers will be needed in spring of 2022 to help assess applications for the Fluid Power Scholarship and Robotics Challenge Scholarship programs. The time commitment is expected to only be a few hours in total. Contact Mary Pluta at mpluta@nfpa.com for more information.

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