Discover your next big idea at PACK EXPO Las Vegas this September
Experience a breakthrough in packaging & processing and transform your business with solutions from 2,300 suppliers spanning all industries.
REGISTER NOW & SAVE

Plant Asset Management systems show growth

The compelling case that Plant Asset Management (PAM) Systems provide for reducing operational costs while simultaneously improving performance is the primary factor driving growth of PAM.

The compelling case that Plant Asset Management (PAM) Systems provides for reducing operational costs while simultaneously improving performance is the primary factor driving growth of PAM.  The worldwide market for PAM Systems will experience growth this year and throughout the forecast period according to a new ARC Advisory Group study. 

PAM growth is being fueled in part by the increased amount and complexity of automation equipment in manufacturing plants that requires a higher order approach to maintenance provided by PAM systems.  “As aging workers leave the workforce, maintenance specialists are vanishing and are being replaced with generalists.  These generalists will need user-friendly tools and more simplified work procedures to maintain plant equipment,” according to Sr. Analyst Paula Hollywood, the principal author of ARC’s “Plant Asset Management Systems Worldwide Outlook.”

The process industries and utilities as a whole recognize the need to minimize downtime and maximize asset availability.  Certainly, asset intensive industries provide the greatest opportunities for PAM suppliers.  In these industries, responsibility for asset availability is no longer the domain of maintenance alone as operators take a more active role in data collection and machine inspection.

Researched List: Engineering Services Firms
Looking for engineering services? Our curated list features 100+ companies specializing in civil, process, structural, and electrical engineering. Many also offer construction, design, and architecture services. Download to access company names, markets served, key services, contact information, and more!
Download Now
Researched List: Engineering Services Firms
Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report