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Industrial Market

Net sales in Industrial were $475 million, an increase of 33% from fiscal year 2022 and 26% of the total company revenue. This performance was primarily driven by products for climate controls, automation controls, optical inspection, smart metering, and public safety applications.

1

Climate Control and Smart Energy Management

Electronic climate controls and smart energy management systems are revolutionizing building efficiencies. These systems enable precise regulation of indoor environments, optimize heating, cooling, and ventilation, minimize energy waste and carbon emissions, all the while maximizing comfort and productivity of building occupants. Through real-time monitoring, predictive analytics, and remote accessibility, building managers can ensure optimal energy usage, identify potential inefficiencies, and implement proactive strategies for energy conservation.

2

Smart Meters and Industrial Controls

Smart meters and industrial controls provide real-time electricity, gas, and water monitoring, enabling informed decisions that continue to revolutionize energy management and production processes. Smart meters support demand-response programs that foster a more balanced energy grid, while industrial controls optimize manufacturing with real-time data analysis, enhancing precision and resource efficiency.

3

Green Energy, Charging, and Storage

Renewable energy sources, such as solar and wind, are bolstered by more efficient charging for electric vehicles and devices. Innovative storage, like high-capacity batteries, ensures steady clean power by harnessing excess energy. The synergy between alternative energy, charging, and storage helps advance a greener future by reducing reliance on fossil fuels and maximizing the potential of sustainable alternatives.

Supporting Customers in Global Life-Changing Industrial Innovations

Given the increasing trend emphasizing the responsible utilization of natural resources and a goal of heightened conservation, we anticipate that Industrial applications will present an avenue for sustained growth in the long run. This potential becomes even more pronounced as consumer interest in an adoption of electric and hybrid vehicles expand globally. Our business supporting the Industrial end market, which we call “green and clean” is anticipated to gain traction in the market.

6 million + climate control energy management assemblies manufactured in FY23

3.8 million + assemblies manufactured to support “green and clean energy” applications such as: smart meters and industrial controls, green energy, charging, and storage

Electronics Manufacturing for the Evolving Industrial Market

In the ever-changing landscape of the Industrial market, we work hand in hand with our customers to facilitate the development of products that bolster smart cities, enhance energy efficiency, enable effective energy management, and empower precise control over motors, pumps, and electronic climate systems. Our focus also extends to ensuring seamless compatibility among industrial devices. As technology evolves, our commitment remains steadfast in supporting our customers, who are esteemed leaders in the Industrial market, both presently and as we move forward.

20M+

electronic assemblies produced for the industrial market in FY23

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World Headquarters
Kimball Electronics, Inc.
1205 Kimball Blvd.
Jasper, IN 47546

www.kimballelectronics.com

2023 Annual Report

Winning Together,
The Kimball Way