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Sure, today’s machine builders are making major efforts to improve energy efficiency, reduce the environmental footprint, enable preventive maintenance, and reduce the number of mechanical components. But we’re learning that other trends also apply.
Machine builders have introduced improved equipment designs that utilize standardized, modular systems. These increase their margins in new installations, while accommodating customized solutions for end users. More significantly, machine builders are implementing automated solutions that incorporate more sensors and intelligence. Once again, these solutions can help them improve their ongoing service revenues, while providing benefits for users.
Many machine builders recognize that their top-line growth moving forward will depend heavily on aftermarket services. Many major players in this market have acquired local service providers and developed or acquired technological advances that allow them to monitor systems remotely. This enables them to provide preventive maintenance services cost effectively, which is good for everyone. Our research has identified several sectors that are leading this charge.
For example, manufacturers of crane and hoist systems, elevators and escalator systems, and related machinery have been incorporating IIoT-enabled machine intelligence, connectivity, and analytics to be able to provide cost-effective remote predictive monitoring and maintenance services for their customers. These enable the OEMs to compete more effectively with third-party service providers and captive, in-house maintenance services alike. While many other machine builders struggle to identify the appropriate technologies and business structure, these companies are beginning to reap measurable financial benefits from their IIoT-related investments and associated innovations.
In ARC’s recently published report on Production Machinery Automation our analysis takes an extensive look at 13 automation product segments across 22 vertical machinery sectors to assess growth and the dollar value of the automation content in each sector. This research confirms the rapid adoption of IIoT enabled services and the role that industrial automation components factor into this evolution.
Machine builders have introduced improved equipment designs that utilize standardized, modular systems. These increase their margins in new installations, while accommodating customized solutions for end users. More significantly, machine builders are implementing automated solutions that incorporate more sensors and intelligence. Once again, these solutions can help them improve their ongoing service revenues, while providing benefits for users.
Many machine builders recognize that their top-line growth moving forward will depend heavily on aftermarket services. Many major players in this market have acquired local service providers and developed or acquired technological advances that allow them to monitor systems remotely. This enables them to provide preventive maintenance services cost effectively, which is good for everyone. Our research has identified several sectors that are leading this charge.
For example, manufacturers of crane and hoist systems, elevators and escalator systems, and related machinery have been incorporating IIoT-enabled machine intelligence, connectivity, and analytics to be able to provide cost-effective remote predictive monitoring and maintenance services for their customers. These enable the OEMs to compete more effectively with third-party service providers and captive, in-house maintenance services alike. While many other machine builders struggle to identify the appropriate technologies and business structure, these companies are beginning to reap measurable financial benefits from their IIoT-related investments and associated innovations.
In ARC’s recently published report on Production Machinery Automation our analysis takes an extensive look at 13 automation product segments across 22 vertical machinery sectors to assess growth and the dollar value of the automation content in each sector. This research confirms the rapid adoption of IIoT enabled services and the role that industrial automation components factor into this evolution.