In the past, condition monitoring and predictive maintenance were only applied to critical rotating equipment in industries like oil and gas, steel mills, or high-end processing. Today, with lower cost technologies being applied to machines that were usually not measured with this higher end equipment, we are seeing reliability systems used across a much greater range of equipment and industries. Condition monitoring technologies are becoming prevalent in industries such as food and beverage, warehousing and distribution centers, aggregate, and wastewater.
So, what is driving this growth?
Lower Cost Solutions
As awareness and adoption of IoT increases, more product is being supplied. This means that wireless sensor prices are coming down. These wireless sensors are also suited for a wider range of equipment, including motors between ¾ HP and 50 HP. The return on investment is there for more general industries. For those in the early stages of IoT implementation, programs such as the Tag-It Program powered by Perceptiv™ Intelligence provide the foundational elements for proactively managing plant assets.
Ease of Implementation
Wireless monitoring systems, which are easier to install than their wired counterparts, can typically begin monitoring the same day as installation.
Data-Driven Mindset Shift
Customers have started thinking about how to use data to optimize their process. Many are looking at this data daily instead of weekly, and want to see the data even more often. This asset health data is allowing them to evaluate different products they are putting through to see what their capacity is. Many of our customers are finding that they can’t get enough data.
Focus on Energy Efficiency
As we continue to see a focus on efficiency improvements, energy usage, and carbon footprint reduction, the value of reliability systems will only continue to increase. Having insight into machine health, operational performance, and energy usage can help plants to be more efficient.
As time goes on, sensors are getting more tuned into specific applications. They are able to provide specific data that the customer needs. This could include vibration or temperature sensors.
Changes in Workforce
As we see a turnover in the workforce, two things are happening. The younger generation has always used technology and expects to see it in the workplace. But now, the older generation has started adapting to technology in their personal lives, making them more open to using it in the workplace too.
To help support customers at all stages of their IoT implementation journey, Regal has recently launched four tiered, easy-to-understand sensor and software packages and three service tiers. Now customers with varying degrees of asset monitoring needs will find it easier to match their requirements with Regal solutions.