Convicted to Innovation in Fluid Power

Abstract

In the coming decade, cost reduction and energy efficiency will be the dominating success factors for any industry. Currently, the hydraulic industry is not fit to meet these demands: hydraulic systems and components are simply too expensive and too inefficient. It is important to mention that there are no fundamental reasons for the poor performance and high manufacturing, production, and engineering cost. Without doubt, hydraulics can be efficient and low-cost. However, the niche market in which the hydraulic industry operates simply does not have an alternative for the hydraulic cylinder. Without feeling the heat of competition, the hydraulic industry has not had enough incentive to invest in new products and technologies. However, changes are apparent. Relatively high labour cost already threatens the production industry in Europe and North America. Moreover, the uncertainty about future fuel and energy prices, and CO₂ emission demands, will force the industry to change. If it does, it will create unprecedented market opportunities, utilizing the full potential of high power, torque, and force densities, combined with flexibility in control and power management. The fluid power industry really does not have an alternative. It is convicted to innovation.