New technologies—including the rise of the Internet of Things (IoT)—and market pressures to reduce costs are pushing companies to move from reactive, condition-based maintenance and analytics to predictive maintenance. MarketsandMarkets forecasts the global predictive maintenance market size to grow from USD $3.0 billion in 2019 to USD $10.7 billion by 2024. Predictive maintenance is generally […]
Germany is in the process of completely transforming its energy sector at a pace unmatched by other industrialized nations. Nuclear power is phasing out as renewables are gradually taking over, according to Deutsche Welle, Germany’s international broadcaster. The country’s politically supervised shift in direction from nuclear and fossil fuels to renewable sources of energy is […]
Demand for wind energy is soaring. The European Union (EU) has set a target to increase the share of energy consumed from renewable sources to 20 percent by 2020. Wind energy is now the second leading form of power generation capacity in the region. To capitalize on this opportunity, wind turbine operators must maintain a […]
Renewable energy sources is here to stay and potentially grow at an exponential rate.