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Top predictive maintenance and power industry companies identified by GlobalData

Predictive maintenance is an integral part of the power sector, helping to enhance productivity and reduce costs. Predictive maintenance tools examine the condition of operational equipment and help to foresee its maintenance needs to attain optimum performance and avert any equipment failure, says GlobalData, a leading data and analytics company.

 

Power utilities have to deal with the crucial task of monitoring and maintaining their assets, while functioning with increased efficiency and reliability levels. Through the use of predictive maintenance technologies, power utilities can detect underperforming assets and enable the operating staff or personnel to understand the factors leading to abnormal operations, and accordingly schedule maintenance activities.

 

Listed below are some of the leading predictive maintenance service providers in the predictive maintenance space, as well as power utilities that are utilising predictive maintenance services, as identified by GlobalData’s latest report: ‘Thematic Research: Predictive Maintenance in Power’.

 

International Business Machines Corp (IBM)

Maximo Asset Performance Management (APM) forms a key segment of IBM’s APM suite. Its main key area is to enable maintenance managers to pin down and manage asset reliability risks that could critically affect damage plant or business operations. It can set out actions according to predictive scoring, pinpoint factors, which can impact asset health, and provide a comprehensive comparison of historical factors having an effect on asset performance.

 

SAP

SAP serves as a key predictive maintenance player. Through its SAP Predictive Maintenance and Service solution, it offers deep understanding of asset history and trends, hence enabling predictive maintenance and service requirements.

 

Microsoft

The Microsoft Corporation develops, licenses and supports software, services, devices and solutions globally. With its Microsoft Azure, the company is setting itself up itself as a major public cloud platform for industrial Internet of Things (IoT) solutions along with predictive maintenance.

Agder Energi, a Norwegian energy group, is using Azure Digital Twins to determine ways to efficiently operate its electricity grid via distributed energy resources (DER), device controls, along with predictive forecasting to avoid costly and tedious energy upgrades.

 

Siemens

Through its cloud-based, open IoT operating system MindSphere, Siemens’ predictive learning platform offers early notifications of asset defects, enabling companies to avoid unscheduled equipment downtime.

 

General Electric (GE)

GE’s Predix platform has been utilised by Enel for examining, predicting and enhancing Enel’s power plant reliability. GE uses its advanced predictive analytics to monitor data, detect and identify any equipment-related problems, and schedule maintenance activities to help decrease equipment downtime.

 

EDF Energy

EDF Energy has utilised Schneider’s EcoStruxure Maintenance Advisor solution to save over $1m by preventing equipment damage and lost production. The company has also chosen Emerson’s AMS Suite predictive maintenance software to enable optimisation of maintenance strategies at one of its EDF’s combined cycle gas turbine (CCGT) power stations in West Burton, UK.

 

Duke Energy

Duke Energy has made use of Schneider Electric’s Avantis PRiSM technology to save over $7.5m through the early detection of a crack in a turbine rotor. The utility has utilised Genpact’s Lean Digital approach to deal with cost over-runs predictability, as well as for asset optimisation.

 

E.ON

E.ON is utilising artificial intelligence (AI) to warn of any faults or issues in the electricity grid. This solution has been utilised by Schleswig-Holstein Netz, a German grid operator offering utility services, on its medium voltage (MV) grids.

 

American Electric Power (AEP)

AEP’s monitoring and diagnostics (M&D) centre has helped undertake repair works of a gas turbine blade before breakdown. This helped the company save around $19m.

 

Southern Company

Southern Co has used Schneider Electric’s Avantis PRiSM (Predictive Analytics) technology to continuously examine around 2,200 models (across gas and biomass power stations. This helped the utility save around $4.5m in performance efficiencies by decreasing unexpected maintenance and maintaining maximum data quality reliability.

 

About GlobalData: 4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.