Monitoring for a Better World: Exponential Possibilities
The environmental and industrial monitoring market is set for exponential growth, driven by the urgent need for efficiency, sustainability, and safety. Kav AI’s Active Phsyical Intelligence uniquely positions us to sustain the growth in this expanding market.
Heavy Industry
In heavy industry, the cost of unplanned shutdown doubled between 2019 and 2021, reaching $128 million per plant annually — contributing to a global loss of $276 billion.
Oil & Gas
One of the largest sectors is the oil and gas industry the cost of unplanned shutdowns rose by 76% over the same period, reaching $149 million per plant annually and contributing to an estimated global loss of $300 billion.
Automotive & General Manufacturing
In 2021, major automotive plants faced annual losses of up to $600 million per facility due to unexpected shutdowns, reducing production capacity by as much as 45% and contributing to a global loss of $459 billion. In manufacturing, the cost of a one-hour shutdown increased by 50% between 2019 and 2021.
Power Generation & Maritime
The maritime and power generation sectors are also experiencing significant losses, estimated at approximately $85 billion and $122 billion, respectively.