Regal Rexnord Unveils Next Generation of Perceptiv™ Intelligent Solutions for Industrial Manufacturing
Regal Rexnord (NYSE: RRX) has unveiled the next generation of its Perceptiv™ Intelligent Reliability and Maintenance Solution for industrial manufacturing. This new platform integrates machine condition monitoring with predictive maintenance, using in-field sensors and gateways to collect data sent to customers' systems or the Perceptiv Web Platform for analysis. Key improvements include a unified architecture leveraging Microsoft Azure, a new Universal Gateway, and enhanced sensor compatibility. Benefits include reduced failures, extended machine life, and increased energy efficiency, potentially saving customers $250,000 annually on average.
- Launch of next-generation Perceptiv platform enhances predictive maintenance capabilities.
- Unified architecture integrates multiple legacy systems using Microsoft Azure.
- New Universal Gateway offers wired and wireless sensor connections.
- Improved sensor compatibility supports cost-optimized implementations.
- Customers can experience up to 40% increased machine life and 18% better energy efficiency.
- Potential savings of $250,000 annually per customer.
- Platform designed to support future AI and ML innovations.
- No specific financial data provided about the impact on Regal Rexnord's revenue or profit.
- No mention of customer adoption rates or market share growth.
- Potential risks associated with the integration of legacy systems not specified.
Insights
The launch of the next generation Perceptiv Intelligent Solutions by Regal Rexnord signals a significant step forward in industrial IoT (Internet of Things) applications. The integration of AI and ML into the Perceptiv platform is particularly noteworthy. By leveraging 125 years of engineering data, the company aims to deliver highly precise predictive maintenance solutions. The platform's capability to connect with both existing and future sensor types through wired and wireless means enhances its scalability and versatility, ensuring that clients can seamlessly integrate new technologies without major overhauls of their existing systems. Furthermore, the use of Microsoft Azure ensures robust cloud infrastructure, which is critical for data-intensive applications like condition monitoring and predictive maintenance.
One of the key benefits of predictive maintenance is reducing unplanned downtime, which can lead to significant cost savings. For instance, Perceptiv claims it can save customers an average of $
Overall, the introduction of the new platform can be a game-changer for industrial manufacturing, especially in sectors where machine efficiency and reliability are critical. Investors should keep an eye on how this development affects Regal Rexnord's market share and revenue in the upcoming quarters.
Regal Rexnord's latest announcement has the potential to positively impact the company’s financial performance and market valuation. Integrating advanced features like AI and ML into the Perceptiv platform can differentiate the company within the industrial manufacturing sector. The platform's ability to offer significant cost savings to its clients can be a strong selling point, potentially leading to increased customer acquisition and retention rates.
The financial implications of reducing equipment failures by 55% and increasing machine life by up to 40% cannot be understated. These improvements directly translate to reduced operational costs and higher efficiency for their customers, making the Perceptiv platform a valuable investment. If the platform's adoption grows as expected, it could lead to increased revenue streams from both hardware sales and recurring service contracts.
However, investors should also be aware of the potential R&D costs and capital expenditure associated with developing and maintaining such advanced technologies. While this news is promising, a thorough review of upcoming financial statements will be essential to gauge the net impact on the company’s bottom line.
The launch of the next generation Perceptiv Intelligent Solutions by Regal Rexnord is a strategic move that aligns well with the increasing demand for predictive maintenance and condition monitoring solutions in industrial manufacturing. The market for industrial IoT solutions is growing rapidly and Regal Rexnord’s emphasis on a unified platform that integrates AI and ML for predictive maintenance positions it well to capture a significant share of this expanding market.
What sets Perceptiv apart is its ability to integrate with existing PLC networks and third-party cloud platforms, offering flexibility that many closed systems lack. This could make the platform more attractive to a broader range of customers who seek seamless integration without the need for extensive system overhauls.
From a market perspective, the scalability of the Perceptiv platform and its cost-optimized implementations are likely to appeal to both large enterprises and mid-sized manufacturers looking to enhance operational efficiency. The platform's potential for reducing expected failures by 55% and boosting energy efficiency by 18% further strengthens its value proposition.
Overall, this development could enhance Regal Rexnord’s competitive edge and market positioning in the industrial IoT space. Investors should watch for market reception and customer adoption rates as leading indicators of the platform’s success.
The next evolution of the Perceptiv ecosystem offers customers a unified platform to meet the growing reliability needs industrial manufacturers face today. (Photo: Business Wire)
This next evolution of the Perceptiv ecosystem offers customers a unified platform to meet the growing reliability needs industrial manufacturers face today. Customers’ individual outcomes are supported with full end-to-end solutions including reliability consultation; solution design; full systems (hardware, software, and platform); installation; monitoring; and reporting. Perceptiv intelligence uses in-field sensors and gateways to monitor machine health. The collected data can be sent to a customer’s on-premises system through leading industrial protocols or to the Perceptiv Web Platform for online viewing. Through the web platform, Regal Rexnord reliability engineers can analyze the data to provide customers with recommendations on how to extend equipment life and reduce unplanned downtime. This new web platform will serve as the foundation for future AI (artificial intelligence) and ML (machine learning) innovations that will leverage Regal Rexnord’s 125 years of engineering data and expertise.
The next generation Perceptiv Intelligent Reliability and Maintenance Solution is designed to build on and evolve multiple legacy Regal Rexnord condition monitoring systems to provide a single, unified architecture platform built with the latest world-class technologies from partners such as Microsoft Azure. As part of the update, Perceptiv Solutions will launch a new Universal Gateway and corresponding wireless vibration and temperature sensor. The Universal Gateway will provide wired and wireless connection to many current and future sensor types. A broad array of compatible sensors allows for cost-optimized implementations to meet customers’ equipment needs, and multiple modes of operation provide data insights into customers’ preferred systems to provide visibility where they need it. Having a single Perceptiv ecosystem offers a scalable foundation that customers can utilize to build and expand on to address their maintenance and reliability needs.
“Launching our next-generation Perceptiv platform marks a pivotal moment for Regal Rexnord and our industry,” says Robert Federer, Vice President of Digital Solutions & Perceptiv at Regal Rexnord. “Unifying predictive maintenance capabilities across intelligent industrial powertrains within one platform and integrating data in unique ways that allow our customers to optimize plant-level KPIs efficiently and sustainably, are points of differentiation Regal Rexnord is uniquely positioned to deliver. Our purpose is to create a better tomorrow with sustainable solutions that power, transmit, and control motion, and our new Perceptiv platform enables us to accelerate this goal with continued innovations and releases ahead.”
Utilizing predictive maintenance can deliver significant value to customers, including:
-
Reducing expected failures by
55% 1 -
Increasing machine life by up to
40% 2 -
Increasing energy efficiency by
18% 3 -
Specifically, Perceptiv can save customers
$250,000
Unlike other platforms with one-size-fits-all approaches, Perceptiv Intelligent Reliability Solutions offers multiple cohesive solutions that can be tailored to any maintenance strategy and augment on-site reliability team capabilities. Additionally, in contrast to closed platforms, Perceptiv can integrate into existing PLC (programmable logic controllers) networks and third-party cloud platforms. The updated Perceptiv ecosystem will support both existing and future connected solutions, allowing for lower costs, quicker deployments, and robust support.
For more information about Perceptiv Intelligent Reliability Solutions, visit Perceptiv.com.
About Regal Rexnord
Regal Rexnord’s 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company’s automation offering, comprised of controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications.
The Company’s end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord is headquartered in
_________________________________
1 https://reliabilityweb.com/tips/article/the_top_6_benefits_of_predictive_maintenance
2 https://www.mckinsey.com/capabilities/operations/our-insights/manufacturing-analytics-unleashes-productivity-and-profitability
3 https://www.eetimes.eu/how-preventive-and-predictive-maintenance-is-changing-production/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240604180251/en/
Company Contact
Carmen Ek
Regal Rexnord
(607) 259-0152
Carmen.Ek@regalrexnord.com
Agency Contact
Minda Kuckuck
Two Rivers Marketing
(651) 792-6867
mindak@2rm.com
Source: Regal Rexnord Corporation
FAQ
What is the new Perceptiv platform from Regal Rexnord?
How does the Perceptiv platform benefit industrial manufacturers?
What are the key features of the new Perceptiv platform by Regal Rexnord?
How does the new Perceptiv platform handle data?
What technologies support the new Perceptiv platform?
What potential cost savings can customers expect from using Perceptiv?
