Measuring the ROI for pipe fabrication shops using our Spool Welding Robot (SWR) isn't a one-size-fits-all approach. There are many factors that go into determining this number, but we can attempt to give you an accurate calculation to help you see how the SWR can work for you.
The main goal is to be more competitive. There are numerous companies bidding on the same jobs, so factoring project timelines and budget is critical. Technology matters but at the end of the day it all comes down to investing in people and production.
It's no secret that there is a massive welder shortage. By 2024 there will be a shortage of 314k welders in the US, so fabrication shops will have no choice but to adapt. When it comes to efficiency and safety, our Spool Welding Robot:
- Keeps operators safe by improving welder ergonomics
- Improves the flow of shops by having a small footprint and a customizable layout
- Helps welders and shop operators make better use of their time
We gathered the following data based on conversations and actual numbers from our customers. Generally speaking you will see the following ROI in months based on your weld production and we factored in averages based on pipe material, diameters and wall thickness.
24 months = 4,000 welds
18 months = 6,000 welds
12 months = 8,000 welds
Generally speaking, capital equipment projects are looking for a payback period of 3-5 years, so when our customers or potential customers see these numbers they are extremely happy.
Again, these are general numbers so in order to get more of an exact estimate, it would be best to reach out to our sales team to get a custom ROI for your shop. Just email: sales@novarctech.com or call 604.428.0050.
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