Turnover: 33.713 billion EUR (2020)

Country: Japan

Mitsubishi Electric is a Japanese conglomerate active in the electronics and electrical sectors, founded in 1921.

Its Melfa brand markets industrial robots of all types (SCARA, articulated, Cartesian) and accounts for 32% of Mitsubishi Electric's worldwide sales.

The company manufactures air-conditioning systems and heat pumps.

The company has recently focused its strategy on the development of products and software incorporating AI and machine learning technologies, in order to diversify its offer and provide increasingly complete robots for working in intelligent factories.

News

Mitsubishi Electric invests $1.9 billion in silicon carbide 05/06/2023

  • Total investment by Mitsubishi Electric in the development and production of silicon carbide chips: 260 billion yen ($1.9 billion) by March 202
  • Amount earmarked for the creation of a 200 mm-diameter silicon carbide wafer fabrication plant: 100 billion yen ($720 million).
  • Silicon carbide technology is key to the electrification and decarbonization of transport and industry.
  • Silicon carbide power electronic components cost 5 to 6 times more than their conventional silicon equivalents.
  • Coherent is the world's second-largest supplier of silicon carbide substrates, behind Wolfspeed, according to Yole Développement.
  • Mitsubishi Electric is the world's sixth-largest manufacturer of silicon carbide power electronics, and Japan's second-largest behind Rohm.
  • The automotive sector is expected to account for 80% of the silicon carbide components market by 2027.
  • Mitsubishi Electric mainly targets railways, high-voltage industrial applications and household appliances

Studies mentioning this company

The HVAC market - Italy

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