One thing that is obvious from the 2011 Offshore Technology Conference in Houston is that hydraulic technology is HUGE in this market. With over 100 fluid power exhibitors at OTC, our technology is key to successful operations in the oilfield and on the offshore platforms.
Hydraulics & Pneumatics have covered these markets for many years because of the importance to our manufacturers and distributors. In conversations with many fluid power manufacturers, we have become keenly aware of the significance of the oilfield and offshore markets for fluid power.
Accumulators are particularly important to the oil production function. In our OTC issue, we feature ads from several accumulator manufacturers. With the continued acceleration of fluid power component sales in the US, it is clear that this market is a big part of the recovery.