Mitsubishi Electric

Saudi Arabia Elevators and Escalators Market Report 2023 and 2024-2029: Increased New Installations Fuelled by Smart City Projects & Investment Across Public Infrastructure - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Jeddah Tower, Fujitec, Najdi, Transport, Elevator, Ultra, USD, National Committee, George Nooks, Education, Mitsubishi Electric, NDF, Pleasure, Vision 2030, Metrology, Tourism, Ministry, Schindler, Public Investment Fund, SME, Amala, Legislation, SASO, Mineral Resources Limited, Red Sea Project, Civil defense, Hitachi, Hajj, Operation, TKE, Growth, ThyssenKrupp, COVID-19, Formula, BRT, Arms industry

The "Saudi Arabia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Arabia Elevators and Escalators Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • The Saudi Arabia elevator and escalator market is expected to grow at a CAGR of 5.61% from 2023-2029.
  • The top four vendors in the Saudi Arabia elevator and escalator market include KONE, Otis, Schindler, and TKE, accounting for 62% of the market share.
  • What is the number of installed bases in the Saudi Arabia elevator and escalator market in 2023?

Heat Pump Water Heater Industry Research 2024: Focus on Air-to-Air, Air-to-Water, Water Source, Geothermal, Hybrid - Global Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, April 5, 2024
HVAC, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Machinery, Electricity, International Energy Agency, Urbanization, Growth, Heat, Panasonic, Daikin, Ventilation, Policy, Food, Market development, Mitsubishi Electric, Electronics, Trane Technologies, Investment, Water, LG Electronics, Nameplate capacity, Petroleum, IEA, USD, Government

North America is expected to be the second largest region in the heat pump water heater market during the forecast period.

Key Points: 
  • North America is expected to be the second largest region in the heat pump water heater market during the forecast period.
  • The heat pump water heater market is dominated by a few major players that have a wide regional presence.
  • Upto 500 Litres Heat pump water heaters: The largest segment of the heat pump water heater market, by Storage Tank Capacity
    Based on Storage tank capacity, the heat pump water heater market is categorized into three categories: up to 500 liters, 500 - 1,000 liters, and above 1,000 liters.
  • Government initiatives at the national and international levels amplify the impact of investment on the heat pump water heater market.

Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems

Retrieved on: 
Friday, April 5, 2024
Technology, Utilities, Manufacturing, Energy, Other Manufacturing, Hardware, Transfer, Electricity, Growth, Mitsubishi Group, Head, Mitsubishi Electric, Industrial, Investment, OT, Power, FA, Hitachi, Electric power

Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).

Key Points: 
  • Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses (hereinafter “Business Transfer”).
  • After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric’s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.
  • The Business Transfer does not include the transformers manufactured at Mitsubishi Electric’s Transmission & Distribution Systems Center, Ako Factory.
  • Through this Business Transfer, Hitachi Industrial Equipment Systems will expand its product lineup of highly energy-efficient and eco-friendly transformers and accelerate the growth of grid edge solutions centered on power distribution systems, mainly in the domestic market.

Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

Retrieved on: 
Wednesday, April 3, 2024
Technology, HVAC, Hardware, Manufacturing, Mitsubishi Electric, Air handler

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2.
  • Going forward, Mitsubishi Electric expects to leverage AIRCALO’s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.
  • Robust product lines and customization capabilities are important in the hydronic HVAC systems business, where demand is high for made-to-order products at individual installation sites.
  • Having operated in France for many years, AIRCALO commands a large share of the local market for FCUs and air handling units (AHUs), leveraging its broad range of products and strong customization capabilities to meet the specific needs of each installation site.

Thailand Elevator and Escalator Market Insights Report 2024-2029: Sustainable Construction Practices to Increase the Demand for Elevator Installation in Residential Buildings - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024
Construction & Property, Building Systems, Fujitec, Congress, Growth, EEC, IMAX, DOSH, Mitsubishi Group, ThyssenKrupp, Partnership, REIC, Radisson Hotel Group, Transport, Mitsubishi Electric, Tourism, Water, Atmosphere, Collection, Hitachi, Government, Occupational safety and health, Safe, Kasikornbank, Major Cineplex

The "Thailand Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Thailand Elevator and Escalator Market - Size & Growth Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • The key players in the Thailand elevator and escalator market are KONE, Otis, Hyundai Elevator, TK Elevator, Mitsubishi Electric, Hitachi, Schindler, and Fujitec.
  • The plan will contribute to the Thailand elevator and escalator market expansion during the forecast period.
  • It will be in Pattaya and is projected to support the Thailand elevator and escalator market expansion.

Mitsubishi Generator Commences Operations

Retrieved on: 
Monday, April 1, 2024
Utilities, Technology, Manufacturing, Other Technology, Energy, Other Manufacturing, Hardware, Mitsubishi Heavy Industries, Mitsubishi Group, Mitsubishi Electric

Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) jointly announced today that they have completed the integration of their respective power-generator systems businesses under Mitsubishi Generator Co., Ltd., which commenced operations today.
  • Mitsubishi Generator will now combine the technologies and assets of the two respective businesses to achieve enhanced market competitiveness.
  • The integration is expected to realize strong synergies that will enable Mitsubishi Generator to expand its power-generator systems business on a global scale and thereby contribute to the realization of a carbon-neutral world.
  • Overview of Mitsubishi Generator Co., Ltd. (as of April 1, 2024)

Mitsubishi Electric Announces Director Candidates

Retrieved on: 
Friday, March 29, 2024
Hardware, Manufacturing, Other Manufacturing, Consumer Electronics, Technology, CDO, Committee, DX, Service, Mitsubishi Electric, Senior advisor, Sustainability, Operation, Partner, CSO

Mitsubishi Electric Corporation (TOKYO:6503) announces that the candidates for Directors, who will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2024, were elected at the meeting of the Nomination Committee held on March 29, 2024.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announces that the candidates for Directors, who will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2024, were elected at the meeting of the Nomination Committee held on March 29, 2024.
  • Tatsuro Kosaka (Director (Senior Advisor, Chugai Pharmaceutical Co., Ltd.))
    Haruka Matsuyama (Director (Attorney-at-law (Partner, Hibiya Park Law Offices)))
    Satoshi Takeda (Director, Executive Officer, CSO (In charge of Corporate Strategic Planning, IR and SR, Operations of Associated Companies, Three Key Reforms, and Sustainability), CDO (In charge of DX, Vice President, Business Innovation))
    1) Titles in parentheses are current positions and assignments at Mitsubishi Electric and important concurrent positions at other companies as of March 29, 2024.
  • Egawa and Matsuyama are Outside Director candidates.
  • 3) Changes in Executive Officers were disclosed on February 20, 2024.

Mitsubishi Electric to Ship Samples of DFB-CAN with Built-in Wavelength Monitor for Digital Coherent Communication

Retrieved on: 
Thursday, March 21, 2024
Other Manufacturing, Technology, Semiconductor, Manufacturing, Audio, Video, Networks, Hardware, IOT (Internet of Things), Artificial Intelligence, Communication, Temperature, Mitsubishi Electric, Digital, DFB

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its latest optical device, a DFB-CAN with built-in wavelength monitor, on April 1.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its latest optical device, a DFB-CAN with built-in wavelength monitor, on April 1.
  • However, faster optical communication signal speeds can cause waveform distortion due to chromatic dispersion, which limits signal transmission distances.
  • Digital coherent communication corrects such distortions using digital signal processing technology, allowing optical signals to be transmitted at higher speeds and over longer distances compared to conventional intensity modulation methods.
  • Mitsubishi Electric’s new DFB-CAN’s compact package includes a DFB laser chip and a wavelength monitor chip.

Mitsubishi Electric Named to CDP Supplier Engagement Leader

Retrieved on: 
Tuesday, March 19, 2024
Supply Chain Management, Environmental Policy, Hardware, Sustainability, Technology, Environment, Other Manufacturing, Retail, Transport, Climate Change, Manufacturing, Logistics, Water, Mitsubishi Electric, CDP, GHG, Climate change, Renewable energy

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2023 “Supplier Engagement Leader,” the highest ranking in the CDP Supplier Engagement Rating program operated by CDP , an international non-profit organization that supports environmental disclosure.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2023 “Supplier Engagement Leader,” the highest ranking in the CDP Supplier Engagement Rating program operated by CDP , an international non-profit organization that supports environmental disclosure.
  • The Supplier Engagement Rating evaluates how effectively companies engage their suppliers on climate change.
  • Companies that receive top appraisals are named a “Supplier Engagement Leader.” This year, Mitsubishi Electric has been also awarded CDP’s highest “A List” ranking for Climate Change and Water Security activities.
  • Mitsubishi Electric will continue to contribute to realization of sustainable global environment throughout the global value chains, energy-saving products and systems, and cutting-edge infrastructure.

Mitsubishi Electric and Nozomi Networks to Expand Operational Technology Security Business

Retrieved on: 
Thursday, March 14, 2024
Software, Networks, Other Manufacturing, Hardware, Data Management, Technology, Manufacturing, Security, Mitsubishi Electric, OT, FA, Knowledge, Marketing

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has reached agreement with Nozomi Networks Inc, a developer and distributor of operational technology (OT) security solutions, to jointly pursue OT security initiatives including marketing and technical development.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has reached agreement with Nozomi Networks Inc, a developer and distributor of operational technology (OT) security solutions, to jointly pursue OT security initiatives including marketing and technical development.
  • As part of the agreement, Mitsubishi Electric has acquired an equity stake in Nozomi Networks.
  • Mitsubishi Electric will integrate its factory-automation (FA) equipment and OT security solutions with Nozomi Networks’ OT network-visualization and intrusion-detection technologies to create OT security solutions that enhance both robust security and continuous system operation.
  • Mitsubishi Electric offers one-stop OT security solutions to protect manufacturing sites from cyberattacks.