Restronics Northland
We provide a consultative approach to representing our Manufacturer Partners. We're here to help you find the solutions you are looking for regarding PCB and Medical Device Manufacturing.
We appreciate you taking the time to visit the Restronics Northland website. The site is a valuable tool for all: Our Manufacturer Partners, our Distribution Partners, and of course, our Customer Partners.
Our website is designed to educate, inform, and be a place to get and leave ideas. It is vial to me that our site’s useful to you. So, if you have any ideas you would like to share, things you want to discover, or if you just want to leave us a message, I invite you to do so.
Thanks again,
-- Ralph
Ralph Savage
Managing Partner, Restronics Northland
Our Minot Team represents some of the leading product lines in the electronic manufacturing equipment and supplies industry.
Our mission is to find and represent the ideal solution for your electronic and medical equipment manufacturing equipment and supplies. Let’s get together and learn about your needs.
Electronic Manufacturing Industry Statistics and Growth Projections
These trends demonstrate that there are many of factors influencing the industry. The list below highlights several important statistics that have been highlighted as a result of this. The most notable include:- Hourly downtime is affecting the majority of businesses, with as many as 98% stating it can cost them at least $100,000 per hour.
- Predictive maintenance can lower costs by 20%.
- Predictive maintenance can help avoid unplanned outages by up to 50%.
- 72% of large companies are required to maintain 99% minimum uptime.
- The industry is expected to grow by roughly 8% by 2025.
- 50% of IoT spending is porjected to be focused on transportation, logistics, and discrete costs.
- 40% of IoT customers prefer dealing with a pre-established company.
- 63% of companies believe that investing in IoT devices will increase profitability.
- 3/4 of companies will have digitized their supply changes by 2021.
- Close to a third of companies have already implemented IoT into their devices.