Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 19

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 19
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 Dynapower was a foundational addition to our clean energy strategy. Dynapower is a leader in power conversion systems, including inverters, converters, and rectifiers for renewable energy generation, electric vehicle charging stations, and microgrid applications, as well as industrial and defense applications. Dynapower also provides aftermarket sales and service to maintain its equipment in the field. 

Markets

Demand for our sensor products is driven by many of the same factors as in the transportation sensor markets: regulation of emissions, greater energy efficiency and safety, and consumer demand for new features. Gross Domestic Product growth is a broad indicator of demand for our consolidated industrial markets over the long term. We use Purchasing Managers' Index to gauge short-term trends in the industrial, appliance, and HVAC markets we serve. For instance, the growing consumer demand for cleaner heat sources (e.g., heat pumps) that utilize our content is being driven by government initiatives to reduce carbon emissions.

We continue to focus our efforts on expanding our presence globally and serving our global customers in a highly efficient and cost-effective manner. Our customers include established multinationals as well as local producers in certain markets. China remains a priority for us in light of the rapid growth and pace of innovation in that end market. 

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Product Categories

The following table presents the significant product categories offered by Sensing Solutions and the corresponding key products, solutions, applications, systems, and end markets:

Key Products/SolutionsKey Applications/SystemsKey End MarketsProduct category: Electrical protectionBimetal electromechanical controlsCircuit breakersHigh-voltage contactors/fusesBattery management systemsEnergy storage systemsSwitches and relaysMotors, compressors, pumpsHome appliancesLightingCommercial and military aircraftIndustrialData and telecom equipmentMedical equipmentRecreational vehiclesAerospace and defenseIndustrialHVACMedicalEnergy/solarProduct category: SensorsPosition sensorsPressure sensorsTemperature sensorsGas leak detection sensorsMotors, compressors, pumpsHydraulic machineryMotion control systemsCommercial and military aircraftMotor/platform controllersRadar solutionsOperator controlsAerospace and defenseIndustrial automationHVACEnergyHVORAftermarketProduct category: OtherPower conversion systemsRectifiers and frequency convertersBrushless DC motorsCurrent sensorsGrid harmonics and power deliveryRenewable power generationEnergy storageAerospace and defense

Competitors

Within each of the principal product categories in Sensing Solutions, we compete with divisions of large multinational industrial corporations and companies with smaller market share that compete primarily in specific markets, applications, systems, or products. We believe that the key competitive factors