IIoT technologies are helping companies across various industries in gathering valuable data that can be ustilised in predicting maintenance needs
Industrial Internet of Things (IIoT) is supporting the growth of belt scale systems market, according to a latest study by a research and consulting firm Fact.MR.
“The belt scale systems market growth will be upheld by the advancements in IIoT, which is allowing end-users to efficiently manage and maintain conveyor belt scale systems,” the study says.
The deployment of cutting-edge sensors in conveyor systems is enabling the end-user industries to remotely monitor the functioning of different parts of conveyor belt scales systems, it adds.
Besides, IIoT technologies are helping companies across various industries in gathering valuable data that can be ustilised in predicting maintenance needs and assessing production flows and rates.
Saving overhead costs and reducing downtime
According to the study, speedy and efficient identification of defective parts, with the help of technologies, in belt scale systems is helping the end-user industries in significantly reducing the downtime. By leveraging the IIoT capabilities, industries are monitoring data in real-time in order to optimise manufacturing and production processes.
In addition, predictive maintenance, remote monitoring and optimisation are aiding industries in reducing dependency on manual labour, thus saving on overhead costs. These aspects are crucial to the rising demand for automation across various industries which, in turn, is supporting the growth of belt scales market.
According to the report, the belt scale market is expected to be valued around US$ 970 million in 2019. The belt scales market is likely to register a compound annual growth rate (CAGR) of 3.3 per cent through 2027.
The stable growth will be led by a combination of industry-specific and macroeconomic factors, such as rising demand for bulk material handling for enhanced production, it adds.