22 April, 2021
In a world that is constantly changing, consumers want to spend their hard-earned money on products that increase efficiency and also reduce carbon footprint.
The major challenge faced by many industries to embrace the need for upgrading is the initial investment cost. However, this is a myth, considering the eventual benefits associated with it.
In many cases, the return on investment of upgrading is excellent. While the initial purchase price may be higher, this equipment will quickly pay for itself through energy savings, visible on the electricity bill. On a very small scale, think of traditional lightbulbs and the more expensive LED lights. Sure, the latter is more expensive but they outlast their predecessors by years and consume much less energy.
The same is true for many new compressor investments. However, upgrading has many benefits apart from the return on investment (ROI). Here are just a few:
1. Energy savings
Energy-saving is a major economic benefit. In the case of an air compressor, for example, electricity costs make up 80% of the total cost of ownership. As a result, an energy-efficient compressor will quickly pay for itself.
2. Higher uptime
Maintenance time can be reduced significantly in the new generation compressor as compared to the old ones.
3. Government Incentives
The Bureau of Energy Efficiency, Government of India, has introduced PAT Cycle VI to reduce energy consumption in energy-intensive industries. This in turn speeds up ROI even more.
4. Upgrade to join the battle against global warming
The overwhelming majority of scientists, and study after study, tell us that the planet is warming at a rate that will radically change how humans live on it. In fact, natural disasters like droughts, wildfires, floods, and storms are already gaining in strength. This is especially true now that many countries including India have committed to meeting ambitious emissions goals in the near future.
5. Reliability
Chances of breakdown in the old compressor are much more than new compressor. Our reliable units can help you avoid production losses.
6. Becoming an attractive employer
Your investments to upgrade could also end up being an investment in the next generation of skilled employees. Young people are especially concerned about newer, improved equipment and machines. That makes sense because, unless drastic actions are taken, they will feel the negative consequences that will be the result of older and more expensive technologies.
7. Health and safety at work
Upgrading means improved occupational safety and health and a better work environment. That, in turn, means fewer sick days and a healthier, more energetic staff.
As you can see, from direct financial benefits to recruitment and retention, upgrading is not just a smart investment in the present but also in the future.
