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Eternal Machines: The Future of Sustainability Lies in Maintenance

Wed, 16 Oct 2024 23:42:46 +0300

Sustainability, closed-loop circularity and maintenance working hand in hand. The result? Keeping our devices and machinery alive and well for extended periods of time. It is time to change our way of thinking. Circular economy and maintenance is the unsung hero of sustainability.

Monitor and Reduce Motor Operating Temperature to Increase Reliability

Wed, 16 Oct 2024 23:13:03 +0300

Understanding and monitoring your motor’s recommended operating temperature can drastically lengthen its lifespan. Here we tell you how to do both, and so avoid early and unnecessary failure.

Artificial Intelligence as a Maintenance Enhancer

Wed, 16 Oct 2024 22:00:39 +0300

In three articles published in this issue of Maintworld magazine, we will look at how AI can improve maintenance efficiency. This first article describes the concepts and issues related to AI in general. The next will go into more detail on its use in maintenance.

Towards an Energy-Efficient Production Process – Measuring and Evaluating Cost Savings and Environmental Benefits

Wed, 16 Oct 2024 16:52:41 +0300

Improving energy efficiency is crucial for reducing energy consumption and emissions in the production process while achieving cost savings. Comprehensive maintenance and energy efficiency go hand in hand, although reliably measuring these benefits can be challenging.

European Industrial Maintenance Market is Growing

Wed, 16 Oct 2024 12:22:19 +0300

According to a market report by Spherical Insights, several European companies have adopted integrated service concepts to raise the level of equipment and services in critical processes. This strategy is also helping the industry to reduce maintenance and repair costs. This trend is expected to boost the industrial maintenance market in Europe over the forecast period.

Eu's Goal of Increasing Self-Sufficiency in Mining Operations

Wed, 16 Oct 2024 12:20:32 +0300

All lithium chemicals used in electric car batteries and mobile phones are mined and processed outside Europe.

New Guidance for Measuring The Carbon Footprint of Offshore Wind Farms

Wed, 16 Oct 2024 12:14:24 +0300

A first-of-a-kind methodology to standardise how the carbon footprint of an offshore wind farm is measured has been published by the Offshore Wind Sustainability Joint Industry Programme (SUS JIP). The collaborative initiative aims to help the global offshore wind industry scale up as sustainably as possible to meet global Net Zero targets by 2050.

The Market for Industrial Fuel Control Components and Systems is Developing

Wed, 16 Oct 2024 12:14:17 +0300

According to a recent report published by Fact.MR, the global market for industrial combustion control components and systems is expected to reach US$19.31 billion by 2024. The market is further projected to grow at a CAGR of 5.8% from 2024 to 2034.

AI Redefining Drilling Data Management Systems

Wed, 16 Oct 2024 12:13:40 +0300

The global drilling data management systems' market size is estimated to grow by USD 12.6 billion from 2023-2027, according to Technavio.

Global Key Data from the Hydrogen Sector

Wed, 16 Oct 2024 12:14:13 +0300

The Hydrogen Council's latest report highlights that the global clean hydrogen project pipeline is growing and maturing, with a seven-fold increase in committed capital for projects reaching final investment decisions over the past four years.

LG Accelerates Smart Factory Solutions Business

Wed, 16 Oct 2024 12:14:10 +0300

The Production engineering Research Institute (PRI), which has been enhancing production and manufacturing competitiveness for LG Group affiliates, is now extending its expertise to external clients. Services offered include production consulting, development of equipment and operation systems and training for technology personnel.

Wärtsilä and Royal Caribbean Group Sign Lifecycle Agreement to Accelerate Sustainable Development Goals

Thu, 26 Sep 2024 22:41:40 +0300

Technology group Wärtsilä has signed a five-year life-cycle agreement with Royal Caribbean Group covering 37 of the company's cruise ships.

AI Redefining Drilling Data Management Systems

Thu, 26 Sep 2024 22:10:22 +0300

The global drilling data management systems market size is estimated to grow by USD 12.6 billion from 2023-2027, according to Technavio.

The Global Hydrogen Industry Reports $75 Billion in Committed Capital

Thu, 26 Sep 2024 21:16:35 +0300

Heimdal: Call for Immediate Review of AI Safety Standards

Thu, 26 Sep 2024 20:30:47 +0300

Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.

New Technologies for Electricity Production in Extreme Conditions

Thu, 26 Sep 2024 19:46:56 +0300

There are thousands of connecting towers, weather stations, construction sites, railways and other sites outside the electricity network that require small amounts of electricity.

Industrial Automation Software Market 2024-2028

Thu, 29 Aug 2024 21:36:52 +0300

The industrial automation device management software market size is forecast to grow at a CAGR of 6.72% to USD 1.57 billion between 2023 and 2028.

SKF Makes Strategic Acquisition to Strengthen its Lubrication Management Capabilities

Thu, 29 Aug 2024 21:08:18 +0300

The acquisition will strengthen SKF’s position in the Indian and South-East Asia region, a focal point of JGS.

Protective Coatings Market Size Is Set to Grow by USD 22.40 Billion from 2024-2028

Thu, 29 Aug 2024 20:50:56 +0300

According to the Technavio Market Analysis, increasing demand for water-borne coatings and the expansion of the construction industry are driving the growth. But raw material costs pose a challenge for growth. 70 percent of market growth happens in APAC.

The Robots are Used to Monitor the World's Longest Underwater Tunnel

Thu, 29 Aug 2024 20:23:48 +0300

Guozi Robotics has provided 14 intelligent inspection robots for the Shenzhen-Zhongshan link.

Research on Fossil-Free Iron and Steel Production on an Industrial Scale

Wed, 28 Aug 2024 22:36:36 +0300

The HYBRIT initiative is a collaboration between steel company SSAB, mining company LKAB and energy company Vattenfall, launched in 2016 to fundamentally transform the iron and steel industry.

LG Electronics Accelerates Smart Factory Solutions Business by Integrating AI and 66 Years of Manufacturing Expertise

Thu, 25 Jul 2024 21:49:47 +0300

The Production Research Institute (PRI), which has improved the production and manufacturing competitiveness of LG Group subsidiaries, is now extending its expertise to external customers.

The Industrial Software Market Will be Worth $46.6 Billion by 2029

Thu, 25 Jul 2024 21:29:11 +0300

The automotive segment is expected to grow fastest during the forecast period. Asia Pacific is expected to grow significantly throughout the forecast period.

Uncharted Territory: Only Accurate Detection Can Swing the Pendulum Away from Dangerous Extremes

Thu, 25 Jul 2024 21:04:47 +0300

Today's world is increasingly polarised on almost every issue. From hugely important topics like the economy and foreign policy to 'first world problems' like the casting of a particular TV show, it seems difficult to build a sizable consensus on almost anything.

Industrial AI Uptake Is Just Getting Started But Majority of Sector is Uncovering New Use Cases, Finds Honeywell Research

Thu, 25 Jul 2024 20:16:12 +0300

While only 17% of AI decision makers around the world have fully implemented their initial AI plans, more than nine in 10 say they are finding unexpected new use cases, whether they are in the prototype, release or scaling stages of AI implementation.

Hydrogen Flight Looks Ready for Take-off with New Advances

Thu, 25 Jul 2024 18:27:15 +0300

New studies from Chalmers University of Technology, in Sweden, show that almost all air travel within a 750-mile radius (1200 km) could be made with hydrogen-powered aircraft by 2045, and with a novel heat exchanger currently in development, this range could be even further.

European Industrial Maintenance Market is Growing

Thu, 27 Jun 2024 21:45:10 +0300

The European industrial maintenance market is expected to reach USD 142.69 billion by 2033 at a growth rate of 2.05% during the forecast period 2023-2033.

The World's Most Responsible Companies in 2024

Thu, 27 Jun 2024 21:11:31 +0300

TIME magazine and Statista have named the 500 companies doing the most for the planet. Schneider Electric scored the highest.

Environmental monitoring market worth $33.9 billion by 2031

Thu, 27 Jun 2024 19:26:26 +0300

Meticulous Research published a new market research report "Environmental Monitoring Market by Offering. It forecasts the environmental monitoring market to reach $33.9 billion by 2031 at a CAGR of 8.4% from 2024 to 2031.

The Forsmark and Ringhals nuclear power plants are aiming for an 80-year lifetime for the existing reactors.

Thu, 27 Jun 2024 18:44:27 +0300

The owners of the Forsmark and Ringhals nuclear power plants in Sweden have taken a targeted decision to extend the lifetime of their reactors from 60 to 80 years. This would allow fossil-free electricity generation until the 2060s.