Poised for Growth

Industrial and Public Safety Markets

Our business supporting the Industrial vertical market, which we frequently call “green & clean”, also had a good year with improving top-line trends, after prolonged pandemic-related disruptions.

Net sales in Industrial were $308 million, and 23% of the total company revenue. This performance was primarily driven by products for climate control. With consumer trends raising the awareness on consumption of natural resources, and an objective of increasing conservation, we expect these applications to produce a longer-term growth opportunity, particularly as the popularity and adoption increases with consumers in the U.S.

Public Safety is our smallest business with net sales in fiscal year 2022 totaling $50 million. We see a synergistic opportunity in the future to combine this business with Industrial for operating and reporting purposes.

Support for an Evolving Market
In the dynamic and evolving Industrial vertical market, we collaborate with our customers to help bring products to market that support smart cities, energy efficiency, energy management, motor controls, pump controls, electronic climate controls, as well as interoperability of industrial devices. Wherever technology leads us, we will continue to support customers that are recognized as leaders in the Industrial market both now and in the future.

“Our commitment to exceeding customer expectations of quality, durability, and high-reliability when manufacturing industrial assemblies and products is what separates Kimball Electronics from our competition.”

Dennis Gradler
Kimball Electronics Sr. Director of Industrial and Public Safety Solutions

Smart Electronic Access Control Products
Our manufacturing for the Public Safety end market includes products that support the safeguarding of people, property, and infrastructure. In addition to the trend of a growing remote workforce, the future of door and smart access control will increasingly rely on electronics and on mobile technology. As the physical access control trends in 2022 shift to digital and as smart access control applications continue to evolve, Kimball Electronics is at the forefront supporting new product introductions for our customers.

+500,000 smart access control assemblies produced in fiscal year 2022

Helping Lead the Way in Smart Meter Manufacturing
Smart meters are electronic measurement devices used by utility companies and municipalities to communicate billing information to customers for electricity, water, and/or gas operating systems. They are rapidly being deployed throughout Europe and North America and are improving grid reliability, as well as energy, gas, and water usage efficiency every day. The accuracy and savings from the two-way communications technology for information, monitoring, and control are making smart meter deployment more and more common. Kimball Electronics has become a leader in the manufacturing of smart meter electronics and systems.

The global smart meters market is expected to grow by registering a Compound Annual Growth Rate (CAGR) of 7.74% over 5 years (forecast period 2022-2027).

Through our leadership and manufacturing expertise, we are poised for growth in our partnerships with our smart meter customers.

Source: Global Smart Meters Market—Growth, Trends, COVID-19 Impact, and Forecasts (2022–2027), Mordor Intelligence—2021