Market Update: IIoT growth brings flow and treatment closer

Of the $350-billion flow and treat products market, $35 billion is in the IIoT and Remote O&M category.


Rise of IIoT links flow and treatment

As the Industrial Internet of Things (IIoT) continues to grow, several changes in trends will take place, according to the McIlvaine Company.

The movement of liquid is closely tied with its treatment, and IIoT growth strengthens this link. Operations can be remotely controlled and energy is reduced. Manual equipment like valves will be replaced with connected, actuated valves.

The McIlvaine Company predicts that flow equipment sales will also change. Suppliers must change their sales approaches since third parties will hold more purchasing power. Sales will also be based on proven lowest total cost of ownership.

Several companies are positioned for the IIoT era. Of the $350-billion flow and treat products market, $35 billion is in the IIoT and Remote O&M category.

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