Restronics Northland
We take a consultative approach to representing our Manufacturer Partners. We're here to help you find the solutions you're looking for regarding PCB and Medical Device Manufacturing.
We appreciate you taking the time to visit the Restronics Northland website. We designed this site to be a resource for all: Our Manufacturer Partners, our Distribution Partners, and of course, our Customer Partners.
The website is intended to educate, inform, and allow users to get and leave ideas. It is paramount to me that our site’s helpful to you. So, if you have any questions, things you want to discover, or maybe you just want to leave us a comment, I encourage you to do so.
Thanks again,
-- Ralph
Ralph Savage
Managing Partner, Restronics Northland
Our Rapid City Team represents many of the leading product lines in the electronic manufacturing equipment and supplies industry.
Our objective is to determine and represent the best solution for your medical equipment and electronic manufacturing equipment and supplies. Let’s get together and talk about your needs.
Electronic Manufacturing Industry Statistics and Growth Projections
These trends have meant that there are many of factors influencing the industry. The list below highlights a sampling of important statistics that have been featured as a result of this. Just some of the most notable include:- Hourly downtime is affecting the majority of businesses, with as many as 98% stating it can cost them $100,000 per hour or more.
- Predictive maintenance may reduce costs by 20%.
- Unplanned outages can be avoided by up to 50% by predictive maintenance.
- Most large companies, 72%, have to have 99.99% minimum uptime.
- Electronic manufacturing 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 working with established companies.
- 63% of companies believe that investing in IoT devices will increase profitability.
- Three-fourths of companies will have digitized their supply changes by 2021.
- Close to one third of companies have already implemented IoT into their devices.