15 May, 2020
The Life cycle cost, also called total cost of ownership, is the cost you pay for buying, maintaining and operating the equipment for its total life.
The LCC for compressed air includes everything from the initial equipment cost, installation cost and related maintenance costs which includes service & spares & power consumption cost.
However, it should be noted that LCC analysis to be done only after productivity, reliability and safety aspects are met.
Did you know as per our compressed air experts, the overall life cycle cost of compressors consists of
That’s why it is always said that Air is Free. Compressed Air not!
Our energy experts bring a series of our blogs to guide how you can "Earn More" by saving on your compressed air losses.
There are different types of energy costs which not only impact the profits, plant efficiency but as well quality of end product. In other words, these are the target opportunities which help to earn more by right prioritization.
Earning opportunities by optimizing the following:
* For highest earnings, stay tuned with our blogs.
Every industry aims to measure and reduce the unwarranted cost by adopting several best practices and latest technologies.
One such practice to quantify the compressed air leakages is No Load Test which can be done without any additional investment and can give you insights on potential savings in your plant. Our energy managers recommend the air leakage percent should always be less than 5% to run your plant at optimum energy levels. With this simple test, lot of money can be earned from the compressed air plant by focusing on air leakages.
Did you know Atlas Copco service team has already helped more than 60 customers to realize potential savings of around 1500kW (approx. 63M INR in energy costs) with this test in just two months.
However, in some cases making a minor additional investment to reduce a major portion of this cost will result in short payback and life long earnings.
In the coming series, we will highlight how to earn more from your compressed air by optimizing load and unload power costs.