Fluid power equipment is defined as the use of fluids (liquid or gas) to transmit power from one location to another. Market Research Future (MRFR) has published a research report about the global fluid power equipment market that estimates expansion for this market at 6.05% CAGR during the forecast period between 2019 and 2024. By value, the market can be worth the USD 28.6 bn by the end of the forecast period.