Global Fluid Power Equipment Market Report 2020: Growth Opportunities - Additive Manufacturing, IIoT and Digital Twins, Virtual Field Services, Material Handling Robots
Share this article Share this article ResearchAndMarkets.com's offering. Owing to the US-China trade war and the global economic slowdown caused by the COVID-19 pandemic, the global fluid power equipment market is projected to face a sharp revenue contraction in 2020. Key end users, including oil and gas, aerospace and defense, and construction, are experiencing unprecedented declines due to the pandemic. The imposition of national lockdowns, travel bans, and the widespread stagnation of industrial activities have subdued the demand outlook for fluid power equipment. The global pumps and mot...
Source: prnewswire.com