Digital Shift and IIoT Inch the Global Fluid Power Market toward Recovery
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SANTA CLARA, Calif., Feb. 8, 2021 /PRNewswire/ Frost & Sullivan s recent analysis,
2020 Global Fluid Power Outlook, finds that the adoption of digital technologies and
industrial internet of things (IIoT) will be imperative to lessen the overall impact of COVID-19 on the industry. Due to a growing need for
remote monitoring and
virtual field services and programs to meet the industry s current demands.
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Frost & Sullivan The global fluid power equipment industry is facing a short-term market contraction due to cumulative revenue declines from key end users aerospace & defense,
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