European rail infrastructure managers spend yearly over €869 Million (from public funds) in repairing railway track damages caused by the poor conditions of train wheels. The existence of wheel defects implies however other significant costs, such as those associated with delays caused by incidents (over €1Million per year only in UK) and the important economic, material and potential human losses due to derailments (only those involving dangerous goods cost the EU27 Member States over €200 Million per year). On the other hand, train operating companies in Europe invest around €2.194 million per year on rolling stock inspection, maintenance and renewal operations.
Developing smart equipment, infrastructures and services, focused on solutions for the efficient, use and management of railway infrastructures, as well as on autonomous and efficient maintenance, monitoring and inspection systems to minimise maintenance needs of rolling stock are key priorities for railway industry worldwide.
Hence, DTD system project will implement a disruptive technological solution that will enable the efficient planning of complex maintenance tasks related to both rail infrastructure and rolling stock, based on the registration and advanced processing of wheel condition information. It will enable to lower maintenance needs by at least 18% in both current and new infrastructure to be developed to cope with expected railway traffic increase, improve the quality and safety of the railway service while minimising the occurrence of derailments.
Our overall objective with the present project was to explore the business opportunity of introducing the innovative DTD wheel condition monitoring system in the rail transport market. DTD system has been readily technically and operationally validated (TRL6) in the framework of a previous R&D project. However, in order to achieve our overall objective, we needed to assess in Phase 1 the economic viability of commercialising DTD system in the rail transport market through an innovative business model that enables us to position in the market, becoming the lead of remote wheelset condition monitoring provider in Europe.
As a result of the economic feasibility analysis of our business innovation carried out in Phase 1, the economic viability of our business intentions has been confirmed. Our main conclusion is that this project shall definitely continue, as we think DTD SYSTEM is a game-changing technology with an enormous commercial potential.