Introduction

Leveraging real-time data regarding asset conditions to inform maintenance represents an important shift away from reactive operations and can significantly reduce costs and improve business outcomes such as safety and sustainability. This paper assesses the current state of digitalization in manufacturing and evalutes the benefits of condition-based maintenance and increasingly proactive maintenance programs.

This paper is based on a March/April 2024 survey commissioned by Eaton and conducted by S&P Global Market Intelligence of more than 300 industrial respondents involved in their organization’s digital transformation efforts in 12 countries across North America, Europe, and the Middle East, as well as analysis of additional market data and trends.