News

The global reed sensor market reached USD 1,836.25 million in 2024. Analysts expect a CAGR of 6.71% from 2025 to 2033. Demand for smart home automation, IoT devices, and industrial automation drives this expansion. Automotive applications such as brake fluid monitoring and door sensing also contribute significantly.

ABB has taken a minority stake in OctaiPipe, a UK-based AI company specializing in data center cooling optimization. This move expands ABB’s industrial automation portfolio and supports sustainable growth in the digital infrastructure sector.

ABB has inaugurated its Traction Centre of Excellence in Maryborough, Queensland. The USD 6 million facility spans 5,000 square meters and focuses on traction converters, motors, and energy storage. This investment strengthens Australia’s industrial automation ecosystem and supports projects like the Queensland Train Manufacturing Program (QTMP) for the 2032 Brisbane Olympic Games.

Emerson Electric will host Emerson Exchange 2026 from May 19–21 at the Dubai World Trade Center. This major event, held in the Middle East for the first time, will gather more than 2,000 professionals from over 50 countries. The theme, Imagine the Next, encourages participants to look beyond current digital transformation and explore breakthroughs in PLC, DCS, and factory automation.

Honeywell International has partnered with Digimarc Corporation to integrate advanced digital security into its handheld scanners. This initiative targets the growing issue of gift card fraud, which has become a significant challenge for global retailers. By embedding Digimarc’s authentication technology into Honeywell’s devices, the company demonstrates how industrial automation and control systems can extend beyond factory automation into retail environments.

ABB has finalized its acquisition of Gamesa Electric’s power electronics division from Siemens Gamesa. This strategic move enhances ABB’s industrial automation portfolio, particularly in renewable power conversion. With this acquisition, ABB positions itself to lead in factory automation, PLC, DCS, and control systems for the renewable sector.