Yokogawa Electric really knows how to measure up. The company is a leading global manufacturer of industrial automation and control systems and test and measurement equipment. Many of its products are integrated systems that include both hardware and software. They cover such applications as production control, quality management, safety management, electrical measurement, and position control. Its customers include high-production facilities in the areas of automotive, communications, pharmaceuticals, power, semiconductors, and water supply. Yokogawa Electric also supplies products to the aviation and marine markets. Founded in 1915, it has operations in some 30 countries.
Although a much smaller portion of its business, it is steadily developing its aviation and marine equipment segment. It supplies multifunctional flat panel displays for use in a wide range of aircraft, including the latest wide-body airliners from Airbus. It also supplies navigational systems, including autopilots and gyrocompasses, for all sorts of marine vessels, from luxury passenger ships to cargo freighters.
The large majority of Yokogawa Electric's revenues are generated by its industrial automation and control systems. It is a leader in the development of distributed control systems for the monitoring and control of processes in a broad range of production facilities. Its offerings include sensors (such as pressure transmitters, analyzers, and flowmeters), software that is designed to improve productivity, and services that help optimize plant lifecycle costs. This product and service portfolio serves those in the chemical, electric power, food, iron and steel, oil and natural gas, and pharmaceutical industries.
Meanwhile, Yokogawa Electric's test and measurement equipment primarily plays a role the development and production of electric, electronic, and automotive equipment, as well as pharmaceuticals. Its main growth categories include: instruments that measure voltage, current, electric power, and optical power for electric vehicles, environmental applications, and next-generation communication networks; motion control and precise positioning equipment for semiconduconductors, solar cells, smartphones, and LEDs; confocal scanner devices that enable real-time observation of life processes at the molecular level; and automatic testing equipment for drug candidate compounds. – less