Market News
Recent Developments
- In September 2022, Schneider Electric launched EcoStruxure Power Automation System, a suite of connected software and systems for digital transformation of power distribution infrastructure. It helps improve safety, reliability, efficiency, and sustainability. Schneider Electric is a France-based multinational company specializing in digital automation and energy management. It operates in more than 100 countries and offers integrated energy management and automation solutions. The company addresses various sectors, including homes, buildings, data centers, infrastructure, and industries, by combining energy technologies, real-time automation, software, and services.
- In November 2021, Eaton announced the launch of new medium voltage switchgear technology, Xiria Ring Main Unit (RMU), to make electric power distribution safer and more reliable. It is an SF6-free RMU aimed at sustainability. Eaton is a diversified power management company and a global technology leader in electrical systems for power quality, distribution, and control. The company also specializes in hydraulics components, aerospace solutions, and vehicle products. With a presence in over 175 countries and a workforce of more than 92,000 employees, Eaton is a significant player in the global power management and technology industry.
- In May 2022, Siemens opened a new showcase facility for efficient electrification and automation technologies that can be customized for the mining industry. This provides an immersive demonstration of Siemens technologies tailored for mine optimization. Siemens is a German multinational technology conglomerate focused on various sectors, including industry, infrastructure, transport, and healthcare. The company's operations encompass automation, digitalization, energy, and health technology. Siemens is the largest industrial manufacturing company in Europe and holds the position of global market leader in industrial automation and industrial software. The company is also committed to sustainability, with a focus on driving substantial progress in sustainability through its products and technologies. Additionally, Siemens Healthineers, a subsidiary of Siemens, is dedicated to pioneering breakthroughs in healthcare, with a focus on innovative medtech and sustainability in the field of radiology
Acquisition and partnerships
- In January 2022, Danfoss acquired Roxar, a leading provider of software systems for reservoir management and production optimization, from Emerson. This strengthened its position in the oil and gas industry. Danfoss is a Danish multinational company that provides innovative technologies and solutions for fluid control equipment, pump, seal, valve manufacturing, climate & energy. The company offers a wide range of products that meet the growing need for infrastructure, food supply, energy efficiency, and climate-friendly solutions. Emerson is a global technology, software, and engineering company that drives innovation to make the world healthier, safer, smarter, and more sustainable. The company is committed to accelerating its automation capabilities and driving higher-value industrial technology
- In June 2021, Enel X partnered with the Italy-based energy services company Renovit to jointly offer integrated energy efficiency solutions for industries using Enel X’s technologies. Enel X is a global business line of the Enel Group that operates in the field of energy supply, energy management services, and public and private electric mobility. The company offers a portfolio of products and value-added services to incentivize more sustainable energy consumption and promote the circular economy Enel X provides innovative and technological solutions for homes, companies, and smart cities, with a focus on energy sustainability, renewable energy, and decarbonization
- In April 2022, Honeywell partnered with Shell to provide predictive maintenance and asset monitoring solutions to help extend equipment life and improve performance at Shell's Bukom manufacturing site. Honeywell International Inc. is an American multinational conglomerate with a diverse range of business operations. The company primarily operates in four areas: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS). Honeywell is a Fortune 500 company and is headquartered in Charlotte, North Carolina. In the aerospace sector, Honeywell provides products and services for commercial, defense, and space aircraft, while in building technologies, it offers solutions for various industries, including ground transportation, oil, gas, and mining. The company also focuses on smart home, home comfort, safety, and energy efficiency solutions through its Honeywell Home business line. Shell is a British-Dutch multinational oil and gas company with headquarters in London, UK, and The Hague, Netherlands. The company operates in various sectors, including oil and gas exploration, production, refining, and marketing. Shell is committed to driving sustainability and innovation across its various business segments .The company has a significant presence in the United States, where it explores and produces energy products, including fuels, oil, natural gas, lubricants, LPG, and chemicals
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