Hydraulic lifting equipment offers several advantages, including high force generation, compact design, and precise control. It is energy-efficient and can handle heavy loads with ease. The systems are also known for their durability and low maintenance requirements. However, there are disadvantages such as sensitivity to leaks and the need for regular fluid checks. They can be complex to install and maintain, and the equipment can be costly. Additionally, hydraulic systems are sensitive to temperature changes, which can affect performance.