Company DescriptionIDEC Corporation provides a range of products and services centering on control and safety technologies. The company offers industrial switches, emergency-stop switches, and joysticks; and industrial relays, terminal blocks, circuit protectors, switching power supplies, and LED illumination units. It also provides automation and sensing products, such as programmable logic controllers, teaching pendants, operator interfaces, and sensors; and safety and explosion protection products, including safety laser scanners, interlock switches, and enabling switches, as well as explosion protection operator interfaces, control boxes, and network camera systems. In addition, the company offers environmental energy-related solutions, next-generation agricultural solutions, and collaborative safety robot systems. It operates in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and Korea. The company was formerly known as Izumi Denki Co., Ltd. IDEC Corporation was founded in 1945 and is headquartered in Osaka, Japan.
How the Company Makes MoneyIDEC Corporation generates revenue through the sale of its industrial automation and control products to a diverse range of industries including manufacturing, transportation, and energy. The company's key revenue streams include direct sales of its hardware components, as well as aftermarket services and support. IDEC also benefits from strategic partnerships and collaborations with other firms in the automation sector, which help to expand its market reach and enhance product offerings. Additionally, the company's investments in research and development enable it to innovate and maintain a competitive edge, further driving its sales growth.