Mitsubishi Electric

$2.3+ Billion Worldwide Automotive Keyless Entry System Industry to 2031 - Rising Inclination Towards Safety and Security in Vehicles Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 12, 2023

The main types of products in automotive keyless entry system market are passive keyless entry systems and remote keyless entry systems.

Key Points: 
  • The main types of products in automotive keyless entry system market are passive keyless entry systems and remote keyless entry systems.
  • Rising inclination towards safety and security in vehicles is driving the growth of the automotive keyless entry system market.
  • Thus, the rising proclivity towards safety and security in vehicles will drive the growth of the automotive keyless entry system market.
  • Companies operating in the automotive keyless entry system market are focusing on providing technologically advanced in-vehicle security systems such as a keyless entry system with engine start/off, AC control, and other features.

 Mitsubishi Electric to Build Plant in India for Room Air Conditioners and A/C Equipment Compressors

Retrieved on: 
Thursday, January 12, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest some 26.7 billion yen (about U.S.$ 222.5 million), in its subsidiary company Mitsubishi Electric India Pvt.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest some 26.7 billion yen (about U.S.$ 222.5 million), in its subsidiary company Mitsubishi Electric India Pvt.
  • Ltd. to establish a factory for the production of room air conditioners and compressors in India.
  • Local production, targeted to start in October 2025, is expected to help the company meet growing demand in the Indian market.
  • Initial annual capacity will total 300,000 room air conditioner outdoor units and, beginning in December 2025, 650,000 compressors.

Memfault Wins 2023 IoT Breakthrough Award as IoT Emerging Company of the Year for the Consumer Market

Retrieved on: 
Thursday, January 12, 2023

SAN FRANCISCO, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Memfault , provider of the first IoT reliability platform, today announced it has been named “IoT Emerging Company of the Year for the Consumer Market” in the 2023 IoT Breakthrough Awards.

Key Points: 
  • SAN FRANCISCO, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Memfault , provider of the first IoT reliability platform, today announced it has been named “IoT Emerging Company of the Year for the Consumer Market” in the 2023 IoT Breakthrough Awards.
  • Memfault was selected from over 4,000 nominees for its excellence, creativity, hard work, and overall success.
  • Memfault offers the first IoT reliability platform that gives developers a more scalable and sustainable process to transform how they build and operate IoT and edge devices.
  • Customers like micromobility leader Lyft, air quality monitor provider Airthings, and fitness wearable company Whoop use Memfault for over-the-air (OTA) updating, monitoring, and debugging connected devices.

Lantronix Named Winner of 2023 IoT Breakthrough Awards

Retrieved on: 
Thursday, January 12, 2023

IRVINE, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that it was named a winner of the 2023 IoT Breakthrough Awards.

Key Points: 
  • IRVINE, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that it was named a winner of the 2023 IoT Breakthrough Awards.
  • The IoT Breakthrough Awards have recognized the world’s best IoT companies, products, services and people since 2017.
  • “We are honored to be named a winner of the 2023 IoT Breakthrough Awards,” said Paul Pickle, president and CEO of Lantronix.
  • The IoT Breakthrough Awards honor the excellence of IoT companies, technologies and products.

EPIC iO Wins 2023 IoT Breakthrough Award

Retrieved on: 
Thursday, January 12, 2023

FORT MILL, S.C., Jan. 12, 2023 (GLOBE NEWSWIRE) -- EPIC iO , a technology leader leveraging AI+IoT (Artificial Intelligence and Internet of Things) technologies to make organizations safer and more productive, today announced that it has won the 2023 IoT Breakthrough Award for Public Safety Innovation of the Year.

Key Points: 
  • FORT MILL, S.C., Jan. 12, 2023 (GLOBE NEWSWIRE) -- EPIC iO , a technology leader leveraging AI+IoT (Artificial Intelligence and Internet of Things) technologies to make organizations safer and more productive, today announced that it has won the 2023 IoT Breakthrough Award for Public Safety Innovation of the Year.
  • EPIC iO was cited for its DeepInsights ™ AI-based data analytics and visualization platform and its SCaaS (Strategic Communication as a Service) solution.
  • “Our goal each year is to deliver the most comprehensive analysis of the IoT industry, from connected home to industrial and enterprise IoT solutions,” said James Johnson, managing director Tech Breakthrough Awards .
  • “We are honored to receive this IoT Breakthrough Award for our public safety solutions,” said Ken Mills, CEO of EPIC iO.

Air Conditioners Market to Reach $231.3 Billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Retrieved on: 
Wednesday, January 11, 2023

Based on volume, the global air conditioners market is projected to reach 882.1 million units by 2029, at a CAGR of 6.1% during the forecast period.

Key Points: 
  • Based on volume, the global air conditioners market is projected to reach 882.1 million units by 2029, at a CAGR of 6.1% during the forecast period.
  • However, the high costs of air conditioners restrain the growth of the global air conditioners market.
  • Additionally, connected air conditioners and solar photovoltaic (PV) & solar thermal-assisted air conditioning systems are major trends in this market.
  • Air conditioners provide comfort and convenience and reduce fatigue by offering users control over ambient temperature and humidity.

Air Conditioners Market to Reach $231.3 Billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

Retrieved on: 
Wednesday, January 11, 2023

Based on volume, the global air conditioners market is projected to reach 882.1 million units by 2029, at a CAGR of 6.1% during the forecast period.

Key Points: 
  • Based on volume, the global air conditioners market is projected to reach 882.1 million units by 2029, at a CAGR of 6.1% during the forecast period.
  • However, the high costs of air conditioners restrain the growth of the global air conditioners market.
  • Additionally, connected air conditioners and solar photovoltaic (PV) & solar thermal-assisted air conditioning systems are major trends in this market.
  • Air conditioners provide comfort and convenience and reduce fatigue by offering users control over ambient temperature and humidity.

Mitsubishi Electric and Mitsubishi Heavy Industries Reach a Basic Agreement to Start Detailed Studies for Business Integration for Power Generator Systems

Retrieved on: 
Monday, December 26, 2022

TOKYO, Dec 26, 2022 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.

Key Points: 
  • TOKYO, Dec 26, 2022 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.
  • It is expected that Mitsubishi Electric will be the majority shareholder and Mitsubishi Heavy Industries will be the minority shareholder of the new company.
  • In the future, existing thermal power generation will decarbonize its systems with fuel conversion to hydrogen, ammonia, and other carbon-free fuels.
  • Considering this market environment, Mitsubishi Electric and Mitsubishi Heavy Industries have reached this basic agreement to strengthen their market competitiveness further by integrating their respective businesses and combining their respective technologies and assets.

Global IGBT Market Set to Expand by $7.29 Billion During 2023-2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, January 6, 2023

This study identifies the functional consolidation of semiconductor devices as one of the prime reasons driving the IGBT market growth during the next few years.

Key Points: 
  • This study identifies the functional consolidation of semiconductor devices as one of the prime reasons driving the IGBT market growth during the next few years.
  • Also, the rising focus on renewable power generation and increased copper wire interconnections will lead to sizable demand in the market.
  • The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
  • The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Mitsubishi Electric and Mitsubishi Electric Trane HVAC US Spotlight Innovative, All-Climate Heating Technologies at CES 2023

Retrieved on: 
Friday, January 6, 2023

Mitsubishi Electric and Mitsubishi Electric Trane HVAC US LLC (METUS) showcased their energy-efficient, all-climate variable-capacity heat pump technology at the Consumer Electronics Show (CES) in Las Vegas from January 5 – 8, 2023.

Key Points: 
  • Mitsubishi Electric and Mitsubishi Electric Trane HVAC US LLC (METUS) showcased their energy-efficient, all-climate variable-capacity heat pump technology at the Consumer Electronics Show (CES) in Las Vegas from January 5 – 8, 2023.
  • Demos at the booth feature all-electric heating and air conditioning products and smart controls designed to maximize comfort while reducing carbon emissions and energy consumption.
  • With exceptional cold climate performance, Mitsubishi Electric heat pumps can improve sustainability for homes and businesses across the U.S.
  • The heat pump provides energy-efficient, all-electric heating and cooling all year long but keeps the furnace available for backup heating in extreme low temperatures.