The fluid power industry is generally divided into three large segments: mobile hydraulic, industrial hydraulic, and pneumatic.
The top companies engaged in the fluid power industry include: ITT Industries; Vickers, Inc.; SPX Corporation; and the Cooper Cameron Corporation.
Companies in the fluid power cylinders and actuators industry manufacture hydraulic and pneumatic cylinders used in various devices, such as jacks, lifters, and machine tools.
Aeroquip-Vickers produces a wide range of products for the fluid power industry, including all pressure ranges of hoses, fittings, adapters, couplings, and other fluid connectors.
It is difficult to provide an exact number, but the fluid power industry employs millions of people worldwide. The industry includes companies involved in manufacturing hydraulic and pneumatic systems, components, and equipment used in various applications such as manufacturing, construction, and transportation.
The industry leader for 2001 was Cleveland-based Parker Hannifin Corp., with sales of $6.1 billion.
Included in the total fluid power market are fluid power valves and fittings as well as hydraulic and pneumatic pumps, cylinders, rotary actuators, motors, filters, hose accumulators, air preparation accessories, stationary compressors, and other products
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In 2000, the value of shipments within the fluid power industry totaled $6.7 billion.
The car assembling industry is one industry which requires the understanding of the fluid.
About 141 companies served this industry in 2001, totaling 164 establishments. Total shipments were valued at approximately $2.5 billion.
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Transmission fluid should not be used in place of power steering fluid. Power steering fluid is less compressible so that it can transfer power to different systems. Transmission fluid is meant for lubrication and has higher dimulsibility than power steering fluid.