PRECISION METER MARKET ANALYSIS

Market News

Recent Developments

New product launches

• In March 2023, Keysight Technologies, Inc. launched the Keysight Digital Learning Suite, an innovative unified digital learning platform. This platform is designed to offer university engineering educators and students access to laboratory tools, resources, and courseware seamlessly through a single and secure web interface. The Keysight Digital Learning Suite tackles these obstacles by offering a cohesive, online-based learning platform. It grants secure, centralized access to university engineering lab materials, tools for analyzing measurement data, and educational resources tailored for industry readiness.

Key Strategic Initiatives

Acquisition and partnerships

• In November 2023, Keysight Technologies, Inc. declared the accomplished acquisition of shares equivalent to 50.6% of ESI Group SA (Euronext Paris Symbol: ESI), ESI Group founded in 1973, delivers dependable and tailor-made solutions rooted in predictive physics modeling and virtual prototyping expertise. These offerings enable industries to make well-informed decisions at the right juncture while effectively managing the intricacies inherent in their operations.
• In March 2023, Keysight Technologies, Inc., a prominent technology company specializing in advanced design and validation solutions aimed at accelerating innovation for global connectivity and security, entered into a three-party agreement with NTT DOCOMO, Inc. and NTT. This collaboration is expected to advance the development of key technologies that are crucial for fostering innovation in the realm of 6G.
• In November 2023, TECO 2030, develops and manufactures hydrogen fuel cells, opened in Narvik, Norway, and Yokogawa Electric Corporation, Yokogawa Electric Corporation, a Japanese multinational company specializing in electrical engineering and software. The company’s business activities revolve around its expertise in measurement, control, and information technologies, disclosed the signing of a strategic partnership and investment agreement. This collaboration is centered on the joint development of technology aimed at leveraging hydrogen fuel cells in various industrial applications. TECO 2030, a Norwegian clean technology firm, is pioneering zero-emission solutions for maritime and various industries. Our focus lies in creating PEM hydrogen fuel cell stacks and modules, facilitating emissions-free operations for ships and industrial uses.
• In May 2023, Hioki, a company engaged in the development, manufacturing, sale, and servicing of electric measuring instruments, unveiled a self-driving EV (Electric Vehicle) bus initiative. This endeavor is part of collaborative efforts with Macnica, Inc., a comprehensive services and solutions provider specializing in semiconductors, networks, cybersecurity, artificial intelligence (AI), and the Internet of Things (IoT). The initiative aims to contribute to the realization of carbon neutrality.