IIoT Predictive Maintenance Markets, 2018 - Focus on Maintenance Repair and Overhaul (MRO)
DUBLIN, May 29, 2018 /PRNewswire/ --
The "IIoT Predictive Maintenance - Redesigning the Maintenance Repair and Overhaul (MRO) Approach, 2018" report has been added to ResearchAndMarkets.com's offering.
The objective of this research is to analyze and evaluate the strategic opportunities for the maintenance, repair, and overhaul (MRO) market as the entire manufacturing landscape is expected to be influenced by the digital transformation.
This study offers holistic analysis of OEMs and end-users requirements and evaluates MRO's current value proposition. In the present dynamic business environment, there has been a dramatic shift in investment activities that are predominantly focused toward plant modernization and upgradation. Manufacturers are revisiting their operational strategies due to the soaring cost of plant maintenance arising from unplanned downtime. As the reduction of operational cost and enhancing plant productivity remain the two key priorities for manufacturers, the study analyzes the role of Industrial Internet of Things (IIoT) in automating manufacturer's plant maintenance activity and, importantly, the transition toward predictive maintenance.
With the dawn of smart manufacturing and service-based business models, it is imperative to leverage IIoT to establish a connected ecosystem including MRO. This not only helps manufacturers to reduce their operating cost but also boosts their revenue. The economic downturn in 2008 has changed manufacturer's mindset and has instilled the need to outsource their MRO activities, particularly to those distributors offering an extensive range of value-added services and provide end-to-end support in plant maintenance. The changing relationship and position of MRO distributors in the value chain unleash new opportunities to expand their business offerings. This is best achieved through IIoT that helps to coin distinctive value proposition, thereby reaching new frontiers in the present competitive environment.
With investments flowing toward achieving IT-OT convergence that facilitates seamless integration and flow of communication across a vast range of assets, plant engineers and operators have the ability to efficiently manage plant maintenance and repair at its early stage. The direct access to asset data on real-time basis combined with analytical capability helps to consolidate, interpret, and visualize data, thereby providing accurate and reliable results on asset health. This drives the demand for MRO distributors with strong engineering prowess monitoring the asset condition and support manufacturers' transition from reactive to predictive maintenance.
Key Issues Addressed
- What are the key trends and challenges faced by the MRO companies?
- What are present key requirements of OEMs/customers? Are there any market gaps that remain unaddressed by the MRO companies?
- With the emergence of IIoT, how is it expected to redefine the MRO product and services offering?
- Is the existing value proposition of MRO companies competitive to match the changing market dynamics?
- Are the products/services offered by the MRO companies fulfilling customer requirement? What are the some of the key areas of focus when it comes to MRO offering?
- Is the market growing? What is the role of inorganic activities in determining the MRO's growth prospects?
Key Topics Covered:
1. Executive Summary
Global MRO Market-Key Findings
2. Research Scope and Objective
3. IIoT-A Research Perspective
IIoT-Emerging Themes in the Industrial Environment
IIoT-Key Attributes of a Smart Factory
Value Proposition in IIoT
Key Questions this Study will Answer
4. Global MRO Market-Key Trends
Key Trends in the Global MRO Market
Key Trends in Global MRO Market-Explained
5. Roadblocks in the Global MRO Market
Roadblocks in the Global MRO Market
MRO Challenges-Multi-brand Approach
MRO Challenges-Limited Focus on Automation and Digital Platforms
MRO Challenges-Complex Supply Chain Process
MRO Challenges-Limited Access to Skilled Workforce
6. Changing End-user Dynamics-Perspective on Emerging MRO Needs
Changing End-user Dynamics-Key Essentials for Large-scale Users
Analysis on MRO Needs for Large-scale End Users
Changing End-user Dynamics-Key Essentials for Small- and Medium-scale Users
Analysis on MRO Needs for Small- and Medium-scale End Users
7. Assessment of MRO Needs Across Process, Discrete, and Hybrid Industries
Assessment of MRO Needs Across Process, Discrete, and Hybrid Industries
Evaluating MRO Needs Across the Four Functional Facets
8. Decoding the Impact of IIoT on the MRO Market
IIoT-Five Strategic Shifts Redefining MRO Business Model
IIoT-Adoption Cycle and Its Impact on the MRO Market
Emergence of Big Data & Analytics in the MRO Market
9. IIoT-Services 2.0: Impact on MRO Supply Chain
Evolution of Services
Mapping of Technologies Application and Service Segments
IIoT-Services 2.0: MRO Supply Chain
IIoT-Services 2.0: Predictive Maintenance
Predictive Maintenance-Machine Learning (ML)
10. Growth Opportunities and Companies to Action
5 Major Growth Opportunities
Growth Opportunity 1-Predictive Maintenance
Growth Opportunity 2-Industrial Mobility
Growth Opportunity 3-eCommerce Platform
Strategic Imperatives for Success and Growth
11. Company Profiles of Key MRO Distributors
- Motion Industries
- Grainger
- ERIKS
- RS Components
- IPH
- BDI
- Brammer
For more information about this report visit https://www.researchandmarkets.com/research/rs59hl/iiot_predictive?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article