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Outcome-based subscription models for machinery health are growing in popularity in many of the industries outside the traditionally strongest sectors for in-house condition monitoring programs: power generation and oil & gas. These "other" industries don't tend to have large populations of critical turbomachinery or incumbent in-house teams devoted to condition monitoring and machinery health. But what about power plants? Is there a place for outcome-based subscription services? If so, where and why? In this informative whitepaper, we examine how the power generation sector is finding a new equilibrium point in the balance between a traditional in-house approach to machinery health and a rightsized mix of subscription-based services.
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Catastrophic joint failure has been at the epicenter of some of the wind industries’ most costly and hazardous breakdowns. Thus, the need for accurate, constant, and repeatable controlled bolting has been on the rise in both traditional and alternative energy sectors.
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