Industry overview
Why trust matters in industrial equipment.
Industrial equipment consists of products that work in the field for many years: pumps, valves, bearings, seals, filters, control boards and hydraulic components. In these products a counterfeit or out-of-specification part can cause production downtime, workplace accidents and unexpected maintenance costs. Because machines need spare parts and service throughout their lifetime, the counterfeiting risk does not end with the first sale; it continues through the whole maintenance and repair cycle.
In this sector products are often delivered on a project basis, reach different countries through exports and are maintained through field service teams and authorised dealers. Regulations such as the European Union's new machinery regulation and the digital product passport increasingly bring product identity, technical documentation and supply chain information into digital form. That in turn makes it necessary for equipment and critical parts to have a verifiable identity.