Maintenance and downtime are critical challenges for industrial manufacturers, impacting both productivity and profitability. The attached infographic provides a striking overview of these issues, revealing that U.S. factories incur a staggering $50 billion annually in unexpected equipment downtimes. The average cost per hour of downtime is a hefty $260,000, and companies typically spend 19 hours per week on scheduled maintenance.
Furthermore, nearly half of North American companies allocate between 21% and 40% of their operating budget to equipment cleaning and maintenance, with some spending even more time on these activities.
The infographic highlights several innovative technologies designed to mitigate these costs, including maintenance-free clamp on ultrasonic flow meters, advanced control systems with IIoT capabilities, AI-driven predictive maintenance programs, and augmented reality monitoring tools.
These advancements promise to reduce maintenance requirements, enhance equipment reliability, and significantly cut downtime costs. This comprehensive visual guide underscores the urgent need for industrial manufacturers to adopt modern maintenance technologies to stay competitive in a rapidly evolving market, read on for more information!
Low- Or No-Maintenance Industrial Machinery was provided by Emerson