Hubbell Incorporated

Bonnie C. Lind Elected to Albany International Corp. Board of Directors

Retrieved on: 
Friday, February 23, 2024

Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.

Key Points: 
  • Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board.
  • Neenah Inc. was a market leading manufacturer of premium packaging and specialty paper products which merged with Schweitzer-Mauduit International in 2022 to form Mativ Holdings.
  • Director Scannell, age 60, the retired CEO and current Chairman at Moog, Inc. has been a member of the Albany Board of Directors since 2012.
  • He said “we are pleased to welcome Bonnie to our Board of Directors.

South Korea LED Lighting Market to witness 7.4% CAGR growth, Segmentation by Application (Residential, Commercial, Industrial, Outdoor, and Others) and Product (LED lamps and LED luminaires)- Technavio

Retrieved on: 
Tuesday, February 20, 2024

Light pipes, light rings, LED pin spotlights, and diffuser lenses are integral components of ambient lighting, integrated into various parts of the vehicle interior.

Key Points: 
  • Light pipes, light rings, LED pin spotlights, and diffuser lenses are integral components of ambient lighting, integrated into various parts of the vehicle interior.
  • One of the primary drivers of the expansion of the LED lighting market in South Korea is the increasing demand from the automotive sector.
  • LED Lighting Market in North America: The LED lighting market in North America is projected to grow by USD 5.81 billion with a CAGR of 9.1% during the forecast period 2021 to 2026.
  • Brazil LED (Light Emitting Diode) Lighting Market: The Brazil LED (light emitting diode) lighting market is estimated to grow at a CAGR of 11.64% between 2022 and 2027.

Smart Lighting Market to grow by USD 17.20 billion from 2022 to 2027, The emergence of smart lighting to boost growth- Technavio

Retrieved on: 
Monday, February 5, 2024

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The smart lighting market is estimated to grow by USD 17.20 billion from 2023 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The smart lighting market is estimated to grow by USD 17.20 billion from 2023 to 2027, according to Technavio.
  • The emergence of smart lighting is a key driver boosting the market growth.
  • Smart lighting is revolutionizing Lighting systems by integrating advanced technologies like Zigbee and Z-Wave to create Wireless networks that enable efficient energy use.
  • The Global LED Lighting Market size is estimated to grow by USD 34.82 billion at a CAGR of 7.35% between 2022 and 2027.

Hubbell Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, January 30, 2024

The comments and year-over-year comparisons in this segment review are based on fourth quarter results from continuing operations in 2023 and 2022.

Key Points: 
  • The comments and year-over-year comparisons in this segment review are based on fourth quarter results from continuing operations in 2023 and 2022.
  • Utility Solutions segment net sales in the fourth quarter of 2023 increased 13% to $811 million compared to $716 million reported in the fourth quarter of 2022.
  • Electrical Solutions segment net sales in the fourth quarter of 2023 of $534 million increased 6% from $503 million in the fourth quarter of 2022.
  • Hubbell will conduct an earnings conference call to discuss its fourth quarter 2023 and full year financial results today, January 30, 2024 at 10:00 a.m.

Intelligent Building Automation Technologies Market worth $152.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024

The race to meet and exceed market demands encourages rapidly integrating emerging technologies into intelligent building systems, such as artificial intelligence, IoT, and data analytics.

Key Points: 
  • The race to meet and exceed market demands encourages rapidly integrating emerging technologies into intelligent building systems, such as artificial intelligence, IoT, and data analytics.
  • The competitive forces within the intelligent building automation market catalyze continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.
  • The dynamic expansion of the security and access systems market in intelligent building automation is propelled by ongoing innovations in access control technologies.
  • Intelligent Building Automation Technologies Market Advantages:
    Through features like occupancy sensors, HVAC control, and smart lighting, intelligent building automation solutions optimise energy usage and save expenditures.

Intelligent Building Automation Technologies Market worth $152.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024

The race to meet and exceed market demands encourages rapidly integrating emerging technologies into intelligent building systems, such as artificial intelligence, IoT, and data analytics.

Key Points: 
  • The race to meet and exceed market demands encourages rapidly integrating emerging technologies into intelligent building systems, such as artificial intelligence, IoT, and data analytics.
  • The competitive forces within the intelligent building automation market catalyze continuous improvement, ensuring that the sector remains at the forefront of technological advancements while fostering sustained market growth.
  • The dynamic expansion of the security and access systems market in intelligent building automation is propelled by ongoing innovations in access control technologies.
  • Intelligent Building Automation Technologies Market Advantages:
    Through features like occupancy sensors, HVAC control, and smart lighting, intelligent building automation solutions optimise energy usage and save expenditures.

Case Study: City of Elmhurst saves $1,400,000 with automatic leak detection

Retrieved on: 
Tuesday, January 30, 2024

ST. LOUIS, Jan. 30, 2024 /PRNewswire/ -- Non-revenue water (NRW) loss is a major problem in the U.S, and a new case study from Aclara, part of Hubbell Incorporated, describes how the City of Elmhurst, Illinois is using advanced metering infrastructure (AMI) and acoustic leak detection to solve its NRW challenges.

Key Points: 
  • The case study describes how implementing the Aclara RF™ AMI network with its correlated acoustic leak-detection solution allowed Elmhurst to reduce NRW losses from its distribution network as well as from metering inaccuracies.
  • The city also cut NRW losses from unmetered water by replacing mechanical meters with more accurate ultrasonic ones during its AMI deployment.
  • "Today, we're finding 30% of our water main breaks before they surface," said Paul Burris, utility operations manager for Elmhurst.
  • Elmhurst has won several awards for its leak detection and AMI projects.

Hubbell Incorporated Declares Regular Quarterly Dividend

Retrieved on: 
Friday, January 26, 2024

Shelton, CT, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a regular quarterly dividend of $1.22 per share on the Company’s common stock.

Key Points: 
  • Shelton, CT, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a regular quarterly dividend of $1.22 per share on the Company’s common stock.
  • The dividend will be paid March 15, 2024 to shareholders of record on February 29, 2024.
  • Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently.
  • With 2022 revenues of $4.9 billion, Hubbell solutions energize economies and electrify communities in front of and behind the meter.

Smart Pole Market to grow by USD 12.48 billion from 2022 to 2027, Growth Driven by multiple functionalities offered by Smart Poles- Technavio

Retrieved on: 
Monday, January 8, 2024

The potential growth difference for the smart pole market between 2023 and 2027 is USD 12.48 billion.

Key Points: 
  • The potential growth difference for the smart pole market between 2023 and 2027 is USD 12.48 billion.
  • Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more.
  • Buy the full report here
    What are the main growth drivers in the Smart Pole Market?
  • The Smart Pole, with integrated LED lighting powered by solar panels, exemplifies multifunctionality, boosting market expansion.

Hubbell Incorporated Completes Acquisition of Systems Control

Retrieved on: 
Tuesday, December 12, 2023

Shelton, CT, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that it has completed its acquisition of Northern Star Holdings, Inc. (commercially known as Systems Control), a portfolio company of Comvest Partners.

Key Points: 
  • Shelton, CT, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Hubbell Incorporated (NYSE: HUBB) (“Hubbell”) today announced that it has completed its acquisition of Northern Star Holdings, Inc. (commercially known as Systems Control), a portfolio company of Comvest Partners.
  • Hubbell financed the acquisition and related transactions with net proceeds from borrowings under a new unsecured term loan facility in the aggregate principal amount of $600 million, cash on hand, and issuances of commercial paper.
  • Systems Control is a leading manufacturer of substation control and relay panels, as well as turnkey substation control building solutions.
  • These highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity.