Project description
Hydraulic equipment to get a digital boost
A wide range of industries use hydraulic tools and the number is expected to increase. However, hydraulic equipment monitoring tools lack precision, resulting in production damages, environmental losses and safety issues. The EU-funded HIGH HYDRAULIC project will develop a system that monitors, analyses and certifies the performance and quality of a hydraulic power tool. The project is designing the first digitalised hydraulic system based on the Internet of Things (IoT). It will be portable and serve to significantly lower the risks of losses in production, reduce environmental impact and increase human safety.
Objective
Hydraulic power drives a variety of devices in a multitude of industries, and due to its versatility and power, the market is expected to grow up to $11.93 billion by 2022. Construction, agriculture, material handling, oil and gas, aerospace, defense, and mining are some of the industries where hydraulic power use is so widespread. Nonetheless, in spite of its usage, yet the monitoring of the hydraulic tool is not accurate neither obtained at real-time. Consequently, these industries still face equipment downtime & replacement which trigger billion euros production losses, environmental damages, and human safety threats.
In response, we have developed the first Internet-of-things (IoT) hydraulic system in the high-pressure hydraulic tools market that monitors the hydraulic tool performance, analyses and certifies the validity and quality of the operation performed by the device at the time of its completion. Our high-efficient digitalized portable hydraulic system consist on embedded sensors that record the performance of the tool (i.e. time, pressure, energy use, n° of cycles), and a connectivity system that transfers the data to our App and our platform for data analysis. Our IoT system is commercialized within our tools, a pipeline of more than 40 models, and is also available for other tools providers (including some old tools where our solution can be integrated)
Our IoT system will enable a reduction of the productivity losses of our customers & human safety and environmental risks. We can estimate revenue gains of €2.4M/year (11.7% of gain) for a single industrial company. Furthermore, after 4-year sales, it will give net revenues of ~€50.65M net profits of ~€22.36M and considering the investment of €1.05M a ROI of ~5.14 euro per € invested.
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.
- natural sciences computer and information sciences data science
- natural sciences computer and information sciences internet internet of things
- engineering and technology civil engineering
- natural sciences physical sciences classical mechanics fluid mechanics fluid statics
- 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.
20303 IRUN
Spain
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.