ABB reveals how digital switchgear can lead to major cost savings

The case for making the switch - the hidden costs of not going digital

In a white paper launched today, ABB has revealed how by digitalizing switchgear, businesses can optimize operating costs and generate savings of up to 30 percent.

The ABB paper, "Making the switch to digital switchgear," provides guidance for plant operators on how digital switchgear can overcome the hidden costs of traditional switchgear by improving the ability to collect, access, analyze and act on the data that their equipment and infrastructure creates.

As the paper points out, smart devices can collect a colossal amount of data, which can be processed and analyzed to minimize the need to disrupt an electrical circuit, ensuring mission critical operations run continuously.

The resulting insights will help factory operators implement predictive maintenance through continuous monitoring to ensure the equipment is serviced at the right time, before a costly shutdown occurs. The condition monitoring solution is powered by ABB Ability™, ABB’s cross-industry digital offering.

The global switchgear market was worth more than $120 billion in 2019 and will grow by over 6 percent by 2026, according to market research firm Global Market Insights1. While the overall switchgear market is growing, there is an underlying perception that smart devices have more complexity and lower reliability. The paper indicates that the right set-up and programming of smart devices can instantly eliminate these concerns.

To further create value, the paper provides a five-step checklist and a host of helpful solutions in maximizing switchgear operations. The paper also presents insightful use cases of how to unlock the value of data, which can be collected and analyzed.

For any industry, optimized use of allocated budgets, and reducing downtime are among the top priorities. Digital switchgear leverages advanced technologies to help operators achieve that, which in turn leads to higher productivity.

Connected assets are fundamental to the digitalization of electrical systems and to run plant operations effectively. "Businesses need to have an ecosystem in place that supports their ambitions for higher efficiency and productivity in an energy-efficient, sustainable way."

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries. www.abb.com

ABB’s Electrification Business Area is a global leader in electrical products and solutions, operating in more than 100 countries, with over 200 manufacturing sites. Our 50,000+ employees are dedicated to delivering safe, smart and sustainable electrification. With ABB AbilityTM enabled digital solutions at its core, our portfolio protects, connects and optimizes the flow of electrical energy for smarter electricity distribution for utilities, industry, buildings, infrastructure and mobility.

Aic Technik is engaged in the Field of High Quality Electrical, Electronic & Automation Products and solutions.