The Global Fluid Power Equipment Market was valued at USD 48.9 Billion in the year 2020. The global Fluid Power Equipment market is witnessing lucrative growth due to the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly fluid products, and increasing production of vehicles. The major factors driving the market for Fluid Power Equipment is the growing urbanisation across the world, rising applications from industry, a growing number of multinational corporations, outlets and native supply chains.
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