Restronics Northland
We provide a consultative approach to representation of our Manufacturer Partners. We are here for you to help find the solutions you need in the Printed Circuit Board and Medical Device manufacturing industry.
I’d like to thank you for visiting the Restronics Northland website. The site is a valuable tool for all: Our Manufacturer Partners, our Distribution Partners, and most importantly, our Customer Partners.
Our site is intended to educate, inform, and allow users to get and leave ideas. It is vial to me that it’s of value to you. So, if you have any suggestions, things you want to learn about, or, just want to leave a message, I invite you to do so.
Sincerely,
-- Ralph
Ralph Savage
Managing Partner, Restronics Northland
Our Grand Forks Team represents some of the leading product lines in the electronic manufacturing equipment and supplies industry.
Our objective is to discover and represent the right solution for your electronic and medical equipment manufacturing equipment and supplies. Let’s meet and learn about your needs.
Electronic Manufacturing Industry Statistics and Growth Projections
The trends below mean that there are many of reasons why the industry is changing. The following are several key stats that have been featured because of this. Some of the most notable include:- Hourly downtime impacts most businesses. 98% say it costs them at least $100,000 per hour.
- Predictive maintenance may decrease costs by 20%.
- Predictive maintenance can help avoid unplanned outages by up to 50%.
- 72% of large companies must maintain 99% minimum uptime.
- The industry is expected to grow by roughly 8% by 2025.
- 50% of IoT spending is set to be focused on transportation, logistics, and discrete costs.
- 40% of IoT customers prefer dealing with a pre-established company.
- 63% of companies believe investment in IoT devices will increase profitability.
- Three-fourths of companies will have digitized their supply changes by 2021.
- Close to a third of companies have already implemented IoT into their devices.