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Equipment Reliability
According to the Hartford Steam Boiler Insurance Company, businesses can expect a
minimum of six hours of electrical distribution system-induced business interruption per year.
Statistics from the Institute of Electrical and Electronics Engineers (IEEE) show that an
effective electrical maintenance program can reduce risk of these types of outages by as much
as 66 %.
Over time, electrical equipment can break down for several reasons. One is mechanical
failure. This can occur as a result of loose connections, overheating, and changes or additions
to load changes. Environmental conditions, including high humidity, corrosive environments,
and high dirt and dust levels, also lead to more frequent instances of downtime. Human error
is a third important element of unanticipated downtime, and it often occurs when hands-on
maintenance is performed.
In order to avoid costly disruptions, many organizations are now shifting from a preventive
maintenance model to the predictive maintenance approach. New advances in software and
sensor technology (e.g. smart panels) allows for this highly effective monitoring method to be
both affordable and precise.
Below are 7 predictive maintenance approaches that inspect, monitor, assess, and analyze
electrical equipment: