US EditionResearch from Siemens Financial Services reveals growing market for machine retrofit - Automation Magazine
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Research from Siemens Financial Services reveals growing market for machine retrofit - Automation Magazine
Over 50% of Original Equipment Manufacturers (OEMs) and vendors are promoting retrofit as a key part of their ‘sustainability’ portfolio, helping customers move towards a circular economy. Research from Siemens Financial Services (SFS) shows that 75% of manufacturing machine builders offer retrofit modernization of existing machines. Machine builder respondents reported that retrofit can represent between 5% and 30% of annual revenues. A majo…
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