TMEIC's Innovation-backed Growth in the Industrial Power Electronics Market Commended by Frost & Sullivan
TMEIC's PEiE concept leverages the Mega Trend of Industry 4.0 to deliver exceptional operational efficiencies to the factory floor
SANTA CLARA, Calif., Aug. 27, 2018 /PRNewswire/ -- Based on its recent analysis of the global industrial power electronics market, Frost & Sullivan recognizes TMEIC with the 2018 Global Company of the Year Award for elevating its market position through continuous product development. Its vast technology and manufacturing expertise in power electronics has enabled TMEIC to develop an industry-leading motors and drives product family that was specifically designed to enhance customer value.
"TMEIC has fully embraced digital manufacturing; a case in point is its use of a '3-D working visualization' model. This model gives factory employees access to instructions through 3-D visualization techniques to create a zero-error assembly line with microscopic attention to detail," said Gautham Gnanajothi Industry Principal. "TMEIC also has an excellent global production and supply strategy, wherein the basic product design is developed in Japan, and the final specifications are determined by each plant, based on the needs of each region."
TMEIC's detailed analysis of the electromagnetic field patterns and ventilating air flows have enabled it to develop motors that offer superior efficiency, low electrical losses, and high power conversion. Its motor shafts are made of forged steel with high tensile strength, which minimizes mechanical deflection and vibration. Additionally, its drives employ modern designs that ensure high reliability, low harmonics distortion, regenerative operation, and reactive power control operation for a broad range of industrial applications.
In 2017, the company introduced a visionary concept called Power Electronics in Everything (PEiE), which is based on the Mega Trend of Industry 4.0. Guided by the principles of PEiE, TMEIC has started incorporating intelligence and smart communication abilities into its products. One of the outcomes of the PEiE initiative is the motor drive inverter, which is already being applied in field bus networks in factories. These drive inverters in the network help improve the overall factory operation efficiency.
"TMEIC's PEiE concept is rooted in the fact that power electronics can convert, control, and condition electric power through static means from its input form into the desired electrical output form," noted Gautham. "By linking PEiE, TMEIC aims to significantly enhance the efficiency at which power is generated, transmitted, and managed and thereby, contribute to CO2 reduction."
TMEIC currently has the largest market share in the large-capacity PV inverters (100kW and above) segment. It is taking strong measures to increase its overall global market share by building new power electronics factories in India and America, which will boost the production capacity of its PV inverters. These strategic initiatives will significantly enhance the company's customer acquisition potential over the coming years and strengthen its global market share.
Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About TMEIC
TOSHIBA MITSUBISHI-ELECTRIC INDUSTRIAL SYSTEMS CORPORATION (TMEIC) was established in October 2003 through the integration of Toshiba Corporation's and Mitsubishi Electric Corporation's businesses in the industrial field. Our corporate statement "We drive industry" represents our commitment to "contribute to development by becoming a driving force of industry."
TMEIC continues to grow through contributing to environmental management by leveraging world-class engineering and products, including rotating machinery and power electronics, both underpinned by its leading-edge technologies.
The business environment surrounding TMEIC is rapidly changing due to various social issues including globalization, energy concerns and environmental issues. To address this TMEIC actively invests its management resources into green business with a focus on solutions for reducing environmental impact and saving energy, which contribute to strengthening the competitiveness of customers.
With regard to markets overseas, including rapidly developing emerging countries, TMEIC globally responds to customer needs by developing bases for sales, engineering, manufacturing and services throughout the world. TMEIC has delivered products to 125 countries worldwide to date and recorded the overseas sales ratio of 38% in 2017. Going forward, we will continue to realize the further globalization of our business.
As the world's leading industrial system integrator, TMEIC will advance together with our customers, always seeking to deliver even greater satisfaction.
About Frost & Sullivan
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SOURCE Frost & Sullivan
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