Fluid Power 4.0: Smart IIoT-Enabled Fluid Power Solutions Create New Business Models & Investment Opportunities
IIoT Ensures the Survival of the Fluid Power Industry Against Encroachment from Electric Drives
While the power density capabilities of fluid power equipment continue to render it attractive to some industrial users, its Achilles heel has always been energy efficiency and high maintenance costs. With increasing threats from electric equipment across the industrial spectrum, smart IIoT-enabled fluid power solutions are poised to boost the fluid power industry. Digital transformation among end-users warrants a redefinition of existing business models and supply chain networks that will redefine the relationship between manufacturer and end user.
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Frost & Sullivan invites you to join Varun Raman, Industrial Research Analyst, for an upcoming webinar “Fluid Power 4.0: Smart IIoT-enabled Fluid Power Solutions Create New Business Models & Investment Opportunities”, taking place on Tuesday, 12 March 2019 at 2:00 pm GMT/9:00 am EST to gain expert insight into why fluid power manufacturers are heavily investing in IIoT technology to drive a new wave of growth in the industry. The interactive webinar will include a live question-and-answer session.
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End-user industries such as automotive, chemicals, packaging, food and beverage, off-highway, and oil and gas are among the leading industries that are undergoing the digital transformation. “Transformation is inevitably going to warrant reduction of downtime, operating costs, and advanced identification of equipment failures. With these industries being among the major users of fluid power equipment, it is imperative that Fluid power equipment manufacturers understand their customer’s needs and are able to scale up to match the anticipated rise in demand for smart solutions,” comments Varun Raman.
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
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