What TMEIC does

TMEIC Corporation (株式会社TMEIC) is a privately held industrial systems joint venture, established in 2003 and equally owned by Toshiba and Mitsubishi Electric. The company designs, manufactures, and services power electronics (variable frequency drives), rotating machinery (industrial motors and generators), and automation/control systems for energy-intensive industrial customers. Its product portfolio spans the TMdrive family of medium- and low-voltage AC and DC drives (with flagship offerings TMdrive-70 and TMdrive-XL85), the 21-H and 21-G motor series with capacities up to 23,000 kW, PV inverters (creator of the world's first 1000 kW PV inverter), and specialized port automation products (Maxspeed crane controls, MaxShorePower, Hybrid-Power Guardian, E-Tanker, Operations Viewer, Fleet Management System).

Core technology is grounded in proprietary power semiconductor switching (IEGT), inverter architecture (3-level NPS for 99% peak conversion efficiency), MPPT algorithms (99.9% dynamic MPPT efficiency, Fraunhofer-verified), and water-cooled drive designs achieving 20+ year MTBF. TMEIC operates eight manufacturing facilities across Japan, India, USA, and China, and sells through direct enterprise field sales channels with regional HQs in Tokyo, Houston, Beijing, Bengaluru, Singapore, and Uxbridge. The customer base spans metals, ports and terminals, renewable energy, mining, oil and gas, cement, paper, rubber and plastics, water/wastewater, utility plants, and substation solutions, with named accounts including Steel Dynamics and DP World Vancouver.

The business model is project-based and quote-driven, with multi-year contracts and lifecycle service revenue (commissioning, renewal parts, field service, 24/7 emergency support, training). Revenue streams are predominantly hardware sales (drives, motors, inverters, crane systems) complemented by professional services and custom-engineered solutions. In FY2024, the company reached record revenue and profit globally with orders exceeding ¥400 billion for the first time.

Name

TMEIC

Legal name

TMEIC Corporation

Website

https://tmeic.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

TMEIC is a Toshiba-Mitsubishi Electric 50/50 joint venture that designs, manufactures, and services variable frequency drives, industrial motors and generators, photovoltaic inverters, and port crane automation systems for global energy-intensive industrial customers across metals, ports, renewable energy, mining, oil and gas, and other heavy industries.

Ownership category

akta.pro rank

Product category

Industrial Automation Systems

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Mechanical Power Transmission Equipment Manufacturing (333613), Relay and Industrial Control Manufacturing (335314), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Motors & Generators (3621), Industrial Instruments For Measurement, Display, And Control (3823), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Testing, Commissioning & Energization Services (T&C) (IMAFAHAK)

akta.pro secondary industry

Field Force & Mobile Workforce Management (MWM) for T&D Operations (EUADAEAG)

Keywords

• Variable frequency drives
• Industrial automation systems
• Photovoltaic inverters
• Industrial motors generators
• Crane automation systems

Headquarters

HQ city

Roanoke

HQ country

United States

HQ region

North America

Offices22 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Drive Systems: Sale of variable frequency drives (VFDs) including medium voltage and low voltage AC drives, DC drives for industrial applications such as pumps, compressors, fans, extruders, and other rotating machinery.
2. Motors and Generators: Manufacturing and sale of industrial motors (induction, synchronous, vertical) and generators including 21-H Series, 21-G Series, TM21-TG Series turbines, ranging from small to large capacity (up to 23,000kW).
3. PV Inverters and Power Conditioning Systems: Sale of photovoltaic inverters and power conditioning systems (PCS) for utility-scale solar projects. TMEIC pioneered the world's first 1000kW PV inverter and has shipped over 50 GW globally.
4. Port Automation and Crane Systems: Integrated crane automation systems, yard management solutions, gate automation, and energy management systems for ports and terminals including Maxspeed controls, Maxview vision systems, and Hybrid-Power Guardian.
5. Professional Services: Commissioning, field service, project execution, renewal parts, training, and 24/7 emergency support services for industrial systems throughout the product lifecycle.
6. Custom Solutions and Systems Integration: Custom-engineered solutions built to customer specifications for specific industrial applications, environments, and performance goals.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

TMEIC designs, engineers, and manufactures advanced industrial automation systems including medium- and low-voltage variable frequency drives (TMdrive family), large AC and DC motors and generators (21-H, 21-G, 21-VLL series), utility-scale photovoltaic inverters and power conditioning systems, and crane/port automation systems. The company also provides lifecycle services including commissioning, field service, training, and 24/7 emergency support, and supplies software tools such as Operations Viewer and Fleet Management System for industrial terminals.

Product overview

TMEIC delivers integrated industrial solutions through a comprehensive portfolio of power electronics, rotating machinery, and automation systems. The core offerings include variable frequency drives (TMdrive family: TMdrive-70, TMdrive-MVe2, TMdrive-MVG2, TMdrive-XL85, TMdrive-30, TMdrive-10e2, TMdrive-DCe2, TMdrive-DC), industrial motors (21-H Series, 21-G Series, 21-VLL Series), controllers, PV inverters, generators, and specialized products including energy management solutions (MaxShorePower, Hybrid-Power Guardian, E-Tanker). The company also provides software solutions including Operations Viewer and Fleet Management System. TMEIC serves diverse industries including metals, mining, ports and terminals, renewable energy, cement, oil & gas, paper, rubber and plastics, water and wastewater, and utility plants. The company leverages power electronics, rotating machinery, and control systems technologies to provide complete industrial automation solutions from concept through installation and lifecycle support.

Differentiator

Problem solved

Functional benefit

Brands

• TMdrive: Family of variable frequency drives including TMdrive-10, TMdrive-10e2, TMdrive-30, TMdrive-50, TMdrive-70, TMdrive-70e2, TMdrive-MVe2, TMdrive-MVG2, TMdrive-XL55, TMdrive-XL75, TMdrive-XL85, TMdrive-DCe2, TMdrive-DC, TMdrive-Guardian, TMdrive-Navigator

Products and services

• TMdrive-Guardian All-weather NEMA Type 3R outdoor enclosure for TMdrive-MVe2 medium voltage VFDs, rated for ambient temperatures from -40°C to +50°C, enabling outdoor installation without dedicated control buildings.
• TMdrive-DCe2 Family of DC system drives for new and retrofit industrial applications, with frames ranging from 70 kW to 14,323 kW.
• TMdrive-DC Family of DC system drives for new and retrofit industrial applications with CE and UL certifications.
• TMdrive-XL85 Very high-power 7.2 kV AC-fed drive up to 120 MVA with water-cooled design for high-efficiency operation in demanding industrial applications.
• TMdrive-10e2 DP Dual Purpose Drive enabling smooth transition from DC to AC motor systems on a single hardware platform via firmware switching between motor types.
• TMdrive-70 Flagship 3.3 kV, 40,000 HP water-cooled drive system with high-performance vector control and scalable power for demanding industrial applications.
• TMdrive-MVe2 3.3 to 11 kV medium voltage drive up to 7,350 kVA (8,000 HP) for powering rotating machinery such as pumps, compressors, fans, and blowers.
• TMdrive-MVG2 3 to 11 kV medium voltage drive up to 19,500 kVA for high-efficiency and energy-saving operation across various industrial applications.
• TMdrive-30 1.2 kV medium voltage drive with 4,000 kVA capacity for various industrial applications.
• 21-H Series Motor High-performance industrial motor serving multiple sectors including conveyors, metals, marine propulsion, mining, rubber and plastics, utility plants, and water applications.
• 21-VLL Series Vertical Motors Three-phase medium-voltage vertical motors designed for large pump and water applications.
• 21-G Series Motor Three-phase high-voltage motors delivering up to 23,000 kW (30,800 HP) for various industrial applications.
• MaxShorePower Containerized onshore power conversion system for cold ironing of ships at ports, supporting clean energy and sustainability practices.
• Hybrid-Power Guardian Supercapacitor-based solution for converting rubber-tired gantry (RTG) cranes to diesel-electric hybrid RTG systems.
• Operations Viewer Performance analysis software providing detailed statistics on automation solutions, tracking events and alerts with searchable OCR image and video archives.
• E-Tanker Mobile Charging System Mobile lithium-ion battery charging system in a standard 40-foot container designed to electrify diesel port cranes without extensive yard redesigns.

Quantifiable outcome

• 50+ GW of PV inverters shipped globally for utility-scale solar projects
• +7 more outcomes

Named customers4 records

Segments11 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Lynchburg Regional Business AllianceminorStrategic or Co-development Partner · 26 February 2026TMEIC participated in networking opportunities with students at Sweet Briar College's National Engineers Week Banquet, held in partnership with the Lynchburg Regional Business Alliance, connecting students, alumnae, and regional engineers.
• Port Equipment Manufacturers EcosystemcoreTechnology or IntegrationTMEIC is identified as a major supplier of port automation technologies alongside Kalmar, Konecranes, ABB, ZPMC, Siemens, and Liebherr, providing integrated systems for cranes, vehicles, sensors, and software coordination at terminals worldwide.
• Sweet Briar CollegeminorStrategic or Co-development PartnerTMEIC participated in the Margaret Jones Wyllie '45 Engineering Program's annual National Engineers Week Banquet, networking with engineering students and alumnae to support engineering education and talent development.

Scale indicators8 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• ABB: Global leader in industrial automation, drives, motors, and power electronics. Direct overlap with TMEIC across variable frequency drives, industrial motors, and automation systems serving metals, mining, oil & gas, and process industries.
• Yaskawa Electric: Japanese specialist in motion control, AC drives, and servo motors. Closely comparable to TMEIC in variable frequency drives and industrial motors, with strong presence in factory automation and similar Toshiba/Mitsubishi-era heritage.
• Rockwell Automation: Pure-play industrial automation leader in North America. Overlaps with TMEIC in drives, motors, and process control systems, with deeper software platform capabilities through FactoryTalk and PlantPAx.
• WEG: Brazilian-headquartered global manufacturer of motors, drives, generators, and transformers. Closely comparable to TMEIC in industrial motors and variable frequency drives, with particularly strong overlap in mining, oil & gas, and metals.
• Eaton: US-headquartered power management company with industrial control, drives, and motor product lines. Overlaps with TMEIC in medium-voltage drives, motor protection, and industrial electrical equipment for utilities and process industries.
• Nidec: Global leader in electric motors and drives following multiple acquisitions. Overlaps with TMEIC's 21-H and 21-G motor series and competes in industrial motors, EV traction motors, and appliance motors.

Broad incumbents

• Siemens: Diversified industrial conglomerate with Digital Industries (SIMATIC, SINAMICS drives) and Smart Infrastructure divisions. Direct overlap in drives, motors, and industrial automation with broader portfolio including factory automation software and digital twins.
• Schneider Electric: Global specialist in energy management and industrial automation. Overlaps with TMEIC in drives (Altivar), motor control, and process automation across metals, water/wastewater, mining, and oil & gas verticals.
• Mitsubishi Electric: One of TMEIC's 50/50 parent companies. Operates a separate Factory Automation Systems division competing with TMEIC in drives (MELSERVO) and PLCs. The relationship is both parental and partially competitive in industrial automation.

Emerging players

• Sungrow: World's largest PV inverter manufacturer by market share. Directly competes with TMEIC's SOLAR WARE utility-scale PV inverter line, with significant cost and scale advantages from Chinese manufacturing base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TMEIC