Pump IIoT & Remote O&M

The potential for pump suppliers to add $20 billion of annual revenue and create new market routes for pumps valued at $25 billion was discussed along with the evolution from vibration and lube oil monitoring to maximizing efficiency and minimizing maintenance costs.  Based on the research in N019 Pumps World Market the session discussed the various routes to market (system suppliers, third party O&M providers, and direct to end users.