Endress+Hauser experienced strong growth across all regions, sectors and product areas in 2018 thanks to substantial investments and job creation worldwide. Bolstered by a strong economy in the process automation sector, the company continued to experience high demand from private consumers, as well as recovering oil and raw material prices, contributing to the solid growth. “After 65 years, the U.S. replaced Germany as our largest sales market,” reported CEO Matthias Altendorf. However, China also grew at a double-digit pace, the CEO added, “If this trend continues, China could soon take over the top spot.”
The provider of solutions for industrial measuring technology and automation, Endress+Hauser’s growth was fueled by a wealth of innovations. The company brought 54 new products to the market last year. Research and development expenses climbed to 184.2 million euros, representing 7.5% of sales. The company also filed 287 initial patents in 2018, and by the end of the year, held nearly 7,800 patents and other intellectual property rights—a third of them related to the IIoT, digital communications, diagnostics, and electronics.