Remote Support is a $1.6 billion Potential Business for Precipitator Product and Service Companies

The supply of services and parts is a potential $1.6 billion /yr business for suppliers of electrostatic precipitator systems, components, remote monitoring software, advisory and maintenance services.  This is the recent finding in Electrostatic Precipitators World Market published by the Mcilvaine Company.

Third party potential revenues are 20 cents/cfm.  This creates a potential market next year of $1.4 billion rising by $200 million in 2021 to $1.6 billion.  Included in this total are the following

• Remote monitoring 24/7 of precipitator performance
• Advisory or direct intervention to adjust operating parameters
• Training of operators
• Expert advice on a monthly basis or more often if warranted
• Supply of  parts for the precipitators, dust conveying, and energy management
• Other service

This opportunity is already being pursued by several types of organizations

• Boiler system companies (Alstom, Doosan, Mitsubishi)
• Precipitator suppliers (F.L Smidth, Longking, Feida)
• Parts suppliers (B&W has both the boilers and parts)
•  Integral Component suppliers (NWL has remote systems focused on the energy management)
• Auxiliary component suppliers (valves, fans)
• Service companies (Neuendorfer)
•  Specialized consulting (TRK provides 24/7 monitoring and emergency advice along with monthly reports and meetings)
• General consulting companies (Sargent & Lundy, Burns & McDonnell)
• Continuous emissions monitoring system providers (Thermo Fisher, Sick)
• Software suppliers (GE, Wind River, OSI Soft)
• Digital processing hardware (ABB, Yokogawa)

The acceleration in interest and investment in the Internet of things (IoT) coupled with increasing complexity of precipitator operations make third party services increasingly attractive. Many of the precipitators now being installed are in Asian and African countries where precipitator knowledge is lacking.  TRK has demonstrated the value in making instant expertise available.   Subject matter experts abound in the U.S. where the number of precipitators in operation is shrinking.  This talent can be applied to help operators thousands of miles away thanks to the increasingly sophisticated digital communications.

Remote services for precipitators have been in development for 30 years.   Services for other power plant components can be developed based on the precipitator experience.  This provides the opportunity to expand into third party services for the entire power plant.  Mcilvaine projects this potential at $125 billion/yr for third party services for the full range of power plants including nuclear, fossil, and renewable

For more information click on N018 Electrostatic Precipitator World Market

http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/111-n018

Industrial IoT and Remote Operations and Maintenance Will Generate Revenues In Excess Of $1.4 Trillion

Industrial IoT combined with remote operations and support will be worth $1.4 trillion in 2030. This is the conclusion of the McIlvaine Company in N031 Industrial IoT and Remote O&M. Industrial IoT or IIoT is growing faster than IIoT generally and will eventually be a much larger market. It will also be a catalyst for major industry changes which Accenture predicts will add $14 trillion to the global economy in 2030.  One near-term achievement is asset management but longer term IIoT will transform the process industries and allow individuals to focus on problem solving and collaboration as machines replace some of their prior duties.  It will result in better products produced at lower cost. It will be a catalyst for more rapid development of new products.  This includes products made by the process industries and products used in the process industries.

One of the most important opportunities is remote monitoring along with remote operation and maintenance support.  Remote monitoring centers have been set up by suppliers and end users such as power plants. Initially they were used primarily to warn the operator of problems such as vibration of rotating parts or temperature increases due to lube oil problems. However, the development of inexpensive sensors and sophisticated software, remote operations and maintenance management will not only be possible but will result in better outcomes.

Software platforms which allow systems to communicate with each other will allow collaborative remote monitoring.  System, component and consumable suppliers will collaborate with the operators and subject matter experts to solve problems and improve operations with the introduction of innovative solutions.

The resultant revenues accruing from this development will be $1.4 trillion by 2030.  This includes $590 billion of new revenues and $870 billion of revenues which would have otherwise been generated by traditional market routes.

Shaping and forming such as machining are not included. There is a big market already in this area and includes semiconductors, automotive and other industries using castings, forgings, etc. However, the lubrication monitoring in these machining applications is included.

There is much of the new revenue which will be attributed to onsite investments.  Many plants will install many thousands of new sensors and will use sophisticated software in the plant to take advantage of the IIoT.  The biggest growth area will in the hardware, software and service revenues generated offsite.  This remote O&M will create a market exceeding $500 billion by 2025.

The power industry segment includes nuclear, fossil and renewables along with transmission. It is therefore the largest segment.  Oil and gas IIoT is rapidly growing and will be the second largest segment in 2025.

The transportation segment primarily includes aerospace and automotive manufacturing plants but also includes remote monitoring of off-road machinery.  It does not include machining applications within these manufacturing plants and it does not include on-road vehicle IIoT.

For more information on N031 Industrial IoT and Remote O&M. (Formerly Air and Water Monitoring) click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/106-n031