Economy and TradingManufacturing

Industrial Downtime Costs Manufacturers Up To $500,000 Hourly, ABB Report Reveals

Manufacturing facilities face staggering costs from unplanned downtime, with ABB’s global survey revealing hourly expenses reaching $500,000. The report highlights critical gaps between modernization planning and implementation across industrial sectors.

Industrial downtime costs manufacturers up to $500,000 per hour with 14% experiencing weekly equipment failures, according to a comprehensive new global report from ABB. The research conducted in partnership with Sapio Research surveyed 3,600 senior decision-makers across multiple industrial sectors, revealing that despite growing awareness of modernization needs, nearly half of facilities face monthly interruptions that significantly impact operational efficiency and profitability.

Staggering Financial Impact of Equipment Failures