| __timestamp | Parker-Hannifin Corporation | Xylem Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 410132000 | 104000000 |
| Thursday, January 1, 2015 | 403085000 | 95000000 |
| Friday, January 1, 2016 | 359796000 | 110000000 |
| Sunday, January 1, 2017 | 336675000 | 180000000 |
| Monday, January 1, 2018 | 327877000 | 189000000 |
| Tuesday, January 1, 2019 | 294852000 | 191000000 |
| Wednesday, January 1, 2020 | 293837000 | 187000000 |
| Friday, January 1, 2021 | 259039000 | 204000000 |
| Saturday, January 1, 2022 | 191000000 | 206000000 |
| Sunday, January 1, 2023 | 258000000 | 232000000 |
| Monday, January 1, 2024 | 298000000 |
In pursuit of knowledge
In the competitive landscape of industrial innovation, Parker-Hannifin Corporation and Xylem Inc. have been pivotal players. Over the past decade, Parker-Hannifin's research and development (R&D) expenses have seen a notable decline, dropping from a peak in 2014 to a low in 2022, before rebounding slightly in 2023. This represents a reduction of nearly 54% from their highest expenditure. Meanwhile, Xylem Inc. has shown a more consistent investment in R&D, with a 123% increase from 2014 to 2023, highlighting their commitment to innovation.
The data reveals a strategic shift in priorities, with Parker-Hannifin possibly reallocating resources, while Xylem Inc. continues to bolster its R&D efforts. This trend underscores the dynamic nature of industrial innovation, where companies must balance between immediate operational needs and long-term technological advancements.
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