23 May, 2022

Boardroom Report - Challenges and opportunities

11 February, 2021

while remaining competitive during the UK’s low carbon transition. Yet, while compressed air energy consumption represents a considerable overhead for manufacturers, its performance and efficiency can often be overlooked, and improvement programmes delayed. This can be counterproductive, because there are many simple ways that users can reduce their energy usage, without investing in new capital plant and equipment. Whether its fixing leaks, recovering heat, improve control, managing air downstream, or simply encouraging staff to use compressed air more efficiently and safety – taking a whole system approach to energy savings really can pay dividends.”

Bartlett reflects that there was clearly a shock to the system in the spring of 2020, doubled down by the oil & gas sector’s volatility. “Many members did take the opportunity to re-structure their businesses accordingly,” he says. “We then saw decent rebound as the summer progressed, only to regress again in the autumn. Short-term it doesn’t seem particularly rosy, but a long-view has always paid off in the valve industry.”

Chessari considers that the biggest challenge for technology in MP Filtri’s sector is the data security. “If businesses don’t access and store technology in a secure way, this will be a concern in the year ahead,” he stresses. “There would be a huge amount of business and personal data transmitted and stored electronically. This will increase the opportunities for data breaches.” Another issue cited by Chessari will be if the pandemic continues, how to build new relationship with important potentials. “Can we do that over video-calls?” he asks.

Ringlstetter points out that the global air compressor market was estimated to be around USD 15 billion with a forecasted CAGR of between 2 and 3% year on year (pre-COVID-19). “Even though the pandemic has had a significant impact on world-wide capital investments, we are confident that a correction in the market will follow the widespread introduction of recently announced efficacious vaccines,” he says. “However, one of the silver linings to this horrendous pandemic has been the realisation that tackling climate change just might be possible. Who will ever forget the images of the ‘before and after’ shots of cities normally blanketed under a fog of pollution becoming clear again as industries and travel came to a standstill? People do not want to lose their blue skies and views of almost forgotten mountains off in the distance as they return to their hectic and wasteful past habits. Therefore, the focus on energy efficiency will play an even more important role in our recovery.”

Ringlstetter adds that while speaking with ELGi Europe’s channel partners and end users, the company is sensing an increased confidence in its ability to overcome this period of uncertainty. “Looking forward, investments in capital equipment will return, but the market will be even more demanding – specifically as it involves the lifecycle cost considerations for purchase decisions since energy consumption is by far the largest component (representing up to 63%) of running a compressor, and energy efficient compressors not only save money, but they also pollute less.”

Pavlov reflects that after an unprecedented contraction in Q2 of 2020, the market quickly recovered to pre-pandemic levels. “Currently, demand is quite strong, and the second lockdown hasn’t made much difference,” he adds.

Health & safety

Are current health & safety policies and practices adequate in our industry? Bartlett makes the point that the valves industry is particularly safety conscious in any case with an inbred safety culture. “We’ve certainly not been made aware of any major outbreaks in members’ premises,” he says. “BVAA was quick to relay the latest guidance to members at all times, and




Events
 
Buyers' Guide Search
 
Search for UK supplier by name
Browse by Product Group.
Magazine
APRIL/MAY 2022 Issue To view a digital copy of the APRIL/MAY 2022 issue of Hydraulics & Pneumatics Magazine, click here.

MARCH 2022 IssueTo view a digital copy of the MARCH 2022 edition of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

July/August 2021 Annual Buyers' GuideTo view a digital copy of the JULY/AUGUST edition of Hydraulics & Pneumatics Magazine, click here.

For a FREE subscription please click here

BFPA YearbookTo read the latest BFPA Yearbook, click here
Talking Industry events in 2021Talking Industry Events in 2021
BFPA Training AcademyClick the image to go to the BFPA Training Academy website
Compressed Air & Vacuum Technology Guide 2018To read the official BCAS Compressed Air & Vacuum Technology Guide 2018 click here
Offshore Europe JournalOEE
Super Swivels
Impulse Automation Limited was established in 1960 and is based in the United Kingdom. We are an importer and distributor of mechatronic components used in a wide variety of industry sectors.Impulse Automation Limited
IndequipWEB LOCATOR
Hy-Pro FiltrationWEB LOCATOR
PrimaryWEB LOCATOR
Newsletter
 
Newsletter