What are the advantages and disadvantages of using hydraulic fluids in lifting equipment?

The advantages of using hydraulic fluids in lifting equipment include their ability to transmit power efficiently, provide smooth and controlled movements, and absorb shock and vibration. They also have a high power-to-weight ratio, which is beneficial for lifting heavy loads. Additionally, hydraulic systems are relatively simple to maintain and can operate in a wide range of temperatures. Disadvantages include the potential for leaks, which can be hazardous and costly, and the need for regular maintenance to prevent system failure. Hydraulic fluids can also be environmentally harmful if not disposed of properly, and they may require specific storage conditions to prevent degradation.