Schaeffler receives award
19/08/2024
Frost & Sullivan recently assessed the condition monitoring equipment market and has recognised Schaeffler Group with the 2023 Global Enabling Technology Leadership Award.
The motion technology company is an international leader in precision engineering and industrial component manufacturing and has significantly expanded its footprint in the condition monitoring equipment market through highly customer-centric innovation and engineering excellence. Schaeffler provides cutting-edge solutions tailored to the needs of industrial maintenance and predictive analytics. The company enhances its existing products, such as Optime Ecosystem, with unique designs, the latest technology and exceptional capabilities to fill gaps and push the limits in the market.
Schaeffler’s Optime Ecosystem, a condition monitoring and smart lubrication solution, provides a seamless, user-friendly experience that simplifies complex data analysis and machine care. As an advanced smart lubrication solution, Optime Ecosystem exemplifies the seamless integration of sensor technology, data analytics and Internet of Things (IoT) connectivity, as well as easy digital-embedded access to service experts. Schaeffler’s ability to offer a combination of predictive maintenance and a smart lubrication solution in one IoT ecosystem is a unique selling point that offers significant customer value. The solution suite incorporates multiple monitoring tools to anticipate and address the nuanced demands of predictive maintenance.
Krishnan Ramanathan, Research Director, Frost & Sullivan, observed: “The distinct advantage for Schaeffler that guarantees a positive purchase experience and customers’ absolute satisfaction is that the company offers user-friendly condition monitoring solutions that customers can easily deploy on their own within the shortest possible timeframe and immediately start monitoring their machine operations within their budgets.”
Schaeffler’s Optime Ecosystem is said to revolutionise maintenance practices by combining its condition monitoring system with an automated lubrication unit, all engineered for effortless implementation on the shop floor. The solution’s user-centric design viewpoint incorporates state-of-the-art sensors, seamless connectivity and advanced analytics to ensure ease of use and integration while enhancing capabilities. The synergy between aesthetic simplicity and functional richness positions Optime Ecosystem as a market differentiator that redefines industry standards and puts Schaeffler ahead, allowing it to launch new market trends and change how industries look after their machinery. Schaeffler’s one-stop solution facilitates accessible and effective digital transformation in manufacturing, with no expert condition monitoring knowledge required at the customer’s end.
“Schaeffler’s renowned brand name in the condition monitoring and predictive maintenance markets is due to its comprehensive portfolio of lifetime solutions, reliable predictive maintenance solutions, expertise in industrial automation, cost-effective solutions and customer focus. Its proficiency in navigating the complexities of automation has been instrumental in the success of its condition monitoring solutions,” added Krishnan. For its constant innovation, commitment to excellence and strong overall performance across multiple smart manufacturing domains, Schaeffler earned Frost & Sullivan’s 2023 Global Enabling Technology Leadership Award in the condition monitoring equipment market.
Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that enhances current products and enables the development of new products and applications. The award recognises the high market acceptance potential of the recipient’s technology.
Frost & Sullivan Best Practices Awards recognise companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development.
Industry analysts compare market participants and measure performance through in-depth interviews, analyses and extensive secondary research to identify best practices in the industry.
