In the realm of industrial manufacturing, the costs associated with equipment downtime and maintenance are staggering. The attached infographic presents a detailed analysis of these costs, emphasizing the urgency for companies to adopt low- or no-maintenance machinery.
U.S. factories face an annual cost of $50 billion due to unexpected equipment downtimes, with each hour of downtime costing approximately $260,000. Scheduled maintenance consumes about 19 hours weekly, indicating a significant drain on resources. Additionally, a considerable portion of operating budgets is devoted to maintenance, with some companies spending over 40 hours per week on these tasks.
The infographic also highlights cutting-edge solutions that can alleviate these burdens, such as clamp on ultrasonic flow meters, advanced control systems with IIoT integration, AI-powered predictive maintenance, and augmented reality monitoring software. These technologies offer the potential to drastically reduce maintenance times and costs while enhancing overall equipment reliability and efficiency.
This visual guide is an essential resource for industrial manufacturers seeking to optimize their operations and reduce downtime through innovative maintenance solutions.
Low- Or No-Maintenance Industrial Machinery was provided by Emerson
