Market News
Recent Developments:
New product launches:
- In September 2022, Emerson Electric Co. is a diversified global manufacturing company that provides solutions and technology for a wide range of industries. launched new Rosemount 1408H Flow Computer for custody transfer and fiscal metering applications in the oil and gas industry. It provides high accuracy, reliability, and connectivity.
- In June 2021, ABB is a multinational corporation headquartered in Switzerland, specializing in robotics, power, heavy electrical equipment, and automation technology. launched FLOWBIRD flow computer for water, heat, and gas metering. It enables data monitoring and analytics for improved efficiency.
- In March 2022, Yokogawa Electric is a Japanese multinational company that specializes in industrial automation, control, and measurement technology. Launched WT6000 Precision Power Analyzer for high-accuracy measurement in industrial facilities. It aids in energy conservation and process optimization.
Acquisition and partnerships:
- In Oct 2020, Rockwell Automation Rockwell Automation is a global company that specializes in industrial automation and information technology. Please note that there may have been changes or developments since then, so it's a good idea to check the latest sources for the most current information. Acquired the cloud-native developer Oylo to leverage its expertise in industrial automation systems powered by machine learning and AI. This will aid in smart manufacturing.
- In August 2020, Schneider Electric is a multinational corporation that specializes in energy management and automation solutions. Acquired ProLeiT AG, a process automation manufacturer, to enhance its plant management portfolio with edge controller and MES software technology. This strengthened their Industry 4.0 solutions capabilities.
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