Project description
Predictive maintenance tool to decrease machine downtime
Rotating equipment failure largely accounts for unplanned equipment downtime. Predictive maintenance can decrease maintenance costs and minimise unplanned production breaks, but current analytical models are limited in their ability to identify failure events in the emerging production models, which are more flexible, complex and variable. The EU-funded S2S project is developing a predictive maintenance tool that can rapidly analyse non-stationary data. Compared with stationary signals, non-stationary signals reflect more realistic production cases, where machine use intensity varies according to different time schedules, productivity needs and working conditions. The new tool will be able to extend industrial equipment lifecycle by up to four times and reduce overall costs for equipment operation and maintenance by 130 %.
Objective
Rotating machinery downtime and breaking cause huge economic losses to industry. Due to this, Predictive Maintenance (PM) is gaining popularity among those manufacturers willing to extend their assets’ lifecycle, decrease maintenance costs and minimize unplanned production breaks. However, State-of-the-Art PM techniques are still based on old assumptions (i.e. signals stationarity) which do not fit anymore with the emerging flexible and variable production models.
Signals to Solutions (S2S) is the only available PM tool capable of analysing at a fast speed non-stationary data, which better reflect real production cases, where the intensity of use of machines varies according to different time schedules, productivity needs and working conditions.
S2S will be able to extend industrial equipment lifecycle by up to 4 times comparing with standard maintenance approaches, reduce by up to 130% the overall costs for equipment operation & maintenance, eliminate unplanned machinery downtime and erase the risk of environmental and human-related disasters linked to machinery failure. There is no competitor capable of reproducing our solution.
PM is a fast-growing international market and is expected to reach € 8.84bn by 2022. Current PM market is dominated by few international companies and a direct competition with them would be hard. Therefore, in order to quickly access the market and avoid its entry barriers, we will establish strategic partnerships with: a) equipment manufacturers, to embed S2S directly in their equipment; b) current PM vendors, to integrate S2S in their PM solutions. Through our Feasibility Study we will pinpoint our strategic partners and identify the best technological fine-tuning for S2S. We aim to introduce S2S to key industries for the EU such as Aviation and Offshore drilling, representing a potential €64bn market. Our goal is to reach €23.8m annual turnover by 2025 (0,027% market share), with €22.7m accumulated profits and 99 new jobs created.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
7030 TRONDHEIM
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.