Wherever pumping systems are present–in environments such as buildings and water / wastewater and oil and gas facilities–energy consumption exerts a major influence on cost. Despite the fact that electrical energy cost represents 40% of the total cost of ownership of pumping systems, many organizations fail to introduce the proper steps to leverage cost reduction through efficiency improvements.
Automation is the name of the game for today’s manufacturers and operators of critical infrastructure. The global market for industrial control and factory automation is expected to grow steadily at a compound annual growth rate (CAGR) of 7.4 percent between 2017 and 2023, from its current value of USD 145 billion.
Advanced technology is constantly evolving within the manufacturing ecosystem by embedding smart devices within the manufacturing process. Collecting and analyzing data from these smart devices can then be used to determine which equipment is not running at optimal performance and what maintenance needs to be performed.
As the industrial and manufacturing sectors continue the shift from centralized to decentralized operations, the world of production as we know it will change completely. This new era, commonly referred to as the fourth industrial revolution or Industry 4.0, is characterized by—smart manufacturing processes where a plethora of intelligent machines, systems, and networks independently exchange and respond to information to manage production.
In today’s market operational efficiency is essential. Whether it be upgrades to aging infrastructure or the application of new products into a modern facility there is a market wide drive to ensure that facilities are energy efficient and have proper control infrastructure. The push for efficiency has gone beyond the narrow consideration of manufacturing to incorporate a wide array of facilities that utilize modern machinery and control systems.
This project is funded [in part] by the Government of Canada.
Ce projet est financé [en partie] par le gouvernement du Canada.
