|COMPANY NAME||EATON FLUID POWER LIMITED EQ|
|NATURE OF BUSINESS||Manufacture of general purpose machinery|
Flexible energy systems will power the future
The transition to a more sustainable, low-carbon future is accelerating. This energy transition is driven by the progressive replacement of carbon-based fuels with renewables, clean air regulation and the direct and indirect electrification of more applications.
Today, energy flows through the grid in more directions and through more devices than ever before, and although that decentralization creates more complexities and challenges, it also creates new potential. Everything as a Grid is our approach to reinventing the way power is distributed, stored and consumed.
Our Everything as a Grid approach is shaping a future where homeowners and businesses can reduce the cost and environmental impact of energy. Flexible, intelligent power creates new opportunities for everyone.
The transition to renewable power
Global renewable adoption is on the rise; electricity demand is expected to reach 38,700 terawatt-hours by 2050—with renewables providing 50% of that energy.1
The highly distributed nature of renewable energy is upending the traditional power delivery model. Electricity no longer flows in one direction from the utility that generates it to those who consume it. The new energy ecosystem comprises an intricate network of “prosumers”: consumers and businesses who produce their own energy locally, use what’s needed and, in many cases, are looking to export excess power back to the grid. Furthermore, the electrification of transportation, building systems and industrial processes will drive considerable increases in demand for electrical power over the coming decades. Data centers, offices, factories and similar sites can participate in the transition via battery and thermal energy storage systems and grid-interactive uninterruptible power systems. This will give rise to vast bi-directional electricity flows requiring a network with the flexibility to cope with higher volatility and demand.
Planning for the shift to more electrical power
The electrification of more areas of the economy, including transport, building systems and industry will drive a substantial increase in power demand by 2050. It is technically feasible to meet this extra demand with electricity generated from low or zero carbon sources. However, this will require concerted government support through policy and regulation, as well as research and development to reduce the cost of new green energy sources such as clean hydrogen.
Eaton entered India in the year 1999 through the global acquisition of Aeroquip Vickers. Today, with 18 locations and seven manufacturing facilities, all of Eaton’s businesses are well represented in India.
As a leading Manufacturer, Trader, Supplier & Importer, established in 1985. “Eaton Fluid Power Limited” is a power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power , Eaton acquired Cooper Industries plc in November 2012. The 2013 revenue of the combined companies was $22 billion on a pro forma basis. Eaton has approximately 100,000+ employees worldwide and sells products to customers in more than 175 countries.
As Eaton Fluid Power Limited’s important growth region in Asia Pacific, Eaton in India is empowered to take the lead in driving the company’s manufacturing capabilities and professional services in the region. India not only offers a huge market opportunity in itself, but it also serves as a strategic location to enhance Eaton’s global competitiveness.
With a clear view to expanding its presence in India, Eaton has established many new entities. The first was an engineering center at the Pune campus designed to do high-end engineering work for all of Eaton’s business segments. Since then, Eaton has focused on enhancing its presence in India as a power management company in all business segments and on tapping into the diverse opportunities that India offers, including critical manufacturing and engineering capabilities, product development, service centers and globally competitive sourcing. April 1999 – With the global acquisition of Aeroquip Vickers, Eaton acquired two manufacturing plants for hydraulic components and systems in Maharashtra. A team was formed in India as an extension of Eaton’s global sourcing effort, to tap the immense sourcing potential that India offers. A Global Support Service Center was established in Pune as an India-based customer center, serving hydraulics and aerospace customers in the U.S., Europe and the Asia Pacific region.
The de-listing of VSIL shares from the Mumbai and Pune Stock Exchanges was completed, paving the way for a wholly owned Eaton entity status. As of September 2006, Eaton holds 97.6 percent of VSIL. The India Information Technology Center was set up to provide information technology security for Eaton users. , The construction of the Truck greenfield plant in Ranjangaon was completed.In February 2008 – The name Vickers Systems International Ltd. was legally changed to Eaton