31/08/2026
$1.4 Trillion Lost to Downtime. The Expensive Part Isn’t Always the Breakdown.
Fortune Global 500 companies lost an estimated $1.4 trillion to unplanned downtime last year, according to Siemens - 62% more than in 2019.
Yet Siemens’ research also points to a decline in the frequency of equipment failures.
So what’s driving the increase?
In many cases, it’s the time spent finding, diagnosing and recovering from the problem.
A conveyor starts running slightly outside its normal speed. A hydraulic system begins losing pressure. An electrical cabinet starts operating at an unusual temperature. A cooling system becomes less efficient.
None of these necessarily means the equipment has failed.
But each can be an early indication that something is changing.
Without the right monitoring, those changes can go unnoticed until the equipment stops or a protection system trips.
By then, the problem isn’t simply repairing the equipment. It’s lost production, delayed schedules, emergency maintenance and time spent determining what went wrong.
Condition monitoring changes that equation by giving maintenance teams visibility into how equipment is behaving before it fails.
The objective isn’t to predict every failure perfectly. It’s to give the people responsible for the equipment enough information to make a better decision before a small change becomes a large interruption.
Because when downtime costs this much, knowing that something is changing can be almost as valuable as knowing exactly what will fail.