Nissin Electric

Name

Nissin Electric

Legal name

日新電機株式会社 (Nissin Electric Co., Ltd.)

Website

https://nissin.jp

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Power Transmission and Distribution Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (3353), Electrical Equipment, Appliance, and Component Manufacturing (335), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Electronic Coils, Transformers & Other Inductors (3677), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH)

akta.pro secondary industries

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA), Circuit Breakers, Disconnectors, Earthing Switches & Switchgear Components (EUADACAH), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI), Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters) (IMAGAAAG), Grid-Scale Power Conversion & Interconnection (PCS, Grid-Tie Inverters, Converter Stations) (IMAGAAAI)

Keywords

• Power transmission equipment
• Gas insulated switchgear
• Energy management systems
• Electron beam irradiation
• Ion implantation equipment

Headquarters

HQ city

Kyoto

HQ country

Japan

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Transmission and Distribution Equipment Sales: Custom-designed heavy electric equipment including gas-insulated switchgear (GIS), transformers, power capacitors, shunt reactors, circuit breakers, protection relays, switchgear panels, and voltage transformation equipment sold to power utilities, industrial plants, and infrastructure operators. Revenue is recognized upon equipment delivery and installation.
2. Power Conditioning and Energy Management Systems: Photovoltaic power conditioning systems (PCS), battery storage systems, and energy management systems (ENERGYMATE) sold alongside or independently of core equipment. Growing revenue stream driven by renewable energy integration and energy efficiency demand.
3. Beam and Plasma Products and Services: Semiconductor manufacturing ion implantation equipment (sold to flat panel display and semiconductor makers), electron beam irradiation equipment and services, fine coating equipment and services, and high-voltage high-power testing services provided to external clients. NHV Corporation (subsidiary) handles beam/plasma operations.
4. Field Services, Maintenance, and After-Sales Support: Post-sale maintenance, remote maintenance services, equipment diagnostics, inspection, and lifecycle support services for installed equipment. Revenue from on-site maintenance contracts, spare parts, remote monitoring subscriptions, and consulting.
5. Parts and Components Solution Business (海外展開): Manufactured parts and components produced at overseas bases (Thailand, Vietnam, China), serving both as inputs to own equipment and for external B2B customers in ASEAN markets. Growing export revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels11 records

Core offering

Nissin Electric manufactures and sells bespoke power transmission and distribution equipment (gas-insulated switchgear, transformers, instrument transformers, power capacitors, shunt reactors, protection relays, switchgear panels), energy management systems (ENERGYMATE-Factory, SPSS) and renewable energy solutions (photovoltaic systems, power conditioners, battery storage) for power utilities, infrastructure operators, factories and buildings. The company also produces beam and plasma systems through subsidiary NHV Corporation, including semiconductor and flat panel display ion implantation equipment, electron beam irradiation systems, and fine coating equipment, supplemented by field services, maintenance, and high-voltage testing services.

Product overview

Nissin Electric is a comprehensive power equipment and solutions provider organized into three core business segments: Power & Environment Systems, Beam & Plasma Systems, and Device Parts Solutions. The Power & Environment Systems segment includes core infrastructure products such as gas insulated switchgear (GIS), transformers, instrument transformers, power capacitors, protection relays, and switchgear, complemented by monitoring and control systems (BUILMATE, HIWAYMATE), energy management systems (ENERGYMATE-Factory, EneMon), renewable energy solutions (photovoltaic systems, power conditioners including Smart Power Conditioner and SOLARPACK brands, battery storage systems), static var compensators, and diagnostic equipment (environmental sensors, partial discharge detection, condensation prevention). The SPSS (Smart Power Supply System) platform integrates these diverse components into comprehensive solutions across factory, building, water treatment, expressway, and rail market segments. The Beam & Plasma Systems segment encompasses semiconductor and flat panel display ion implantation equipment, electron beam irradiation systems, and fine coating systems primarily for the electronics industry. The Device Parts Solutions segment focuses on precision components and outsourced manufacturing services. Recent innovations include lithium-ion battery degradation diagnosis technology and micro substations with PVT technology for distributed power applications.

Differentiator

Problem solved

Functional benefit

Brands

• ENERGYMATE: Energy management system (EMS) brand for optimizing and controlling distributed power sources including solar, batteries, and cogeneration systems. Variants include ENERGYMATE-Factory for factory and office building applications.
• EneMon
• SPSS (Smart Power Supply Systems)
• SPSS-Factory
• 日新アカデミー (Nissin Academy)
• 日新電機グループ社会貢献基金 (Nissin Electric Group Foundation for Social Contribution)
• ONE SCENE

Products and services

• Gas Insulated Switchgear (GIS) / Circuit Breakers SF6 gas insulated switchgear and circuit breakers including compact XAE series for medium and high voltage applications, with reduced footprint designs and environmental considerations for power utilities and industrial customers.
• Instrument Transformers (VT) Voltage transformers and current transformers for measurement and protection in power distribution and transmission systems, including gas insulated and capacitor type transformers for power utilities.
• Power Transformers Power transformers including ultra-efficient models for reduced power loss, and SF6 gas insulated transformers for high voltage applications serving power utilities and industrial customers.
• Shunt Reactors / Neutral Point Reactors Reactive power compensation equipment for voltage control in power transmission and distribution systems.
• Power Capacitors Power factor correction capacitors including unit type (Super Unival brand) and shunt capacitor banks for harmonic filtering and voltage support in power grids.
• Distribution Panels / Switchgear Switchgear and distribution panels for industrial, commercial and infrastructure applications, including environment-resistant models for tunnels and parking facilities.
• Protection Relays Digital and static protection relays for transformer, transmission line and equipment protection including NS series and DU series relays for power utilities.
• ENERGYMATE-Factory Energy Management System Energy management system (EMS) for factories and buildings that predicts load demand and optimizes distributed energy resources including generators, batteries and CHP systems to minimize energy costs and CO2 emissions. Uses sEMSA optimization engine licensed from Sumitomo Electric Industries.
• EneMon Energy Monitoring System Energy monitoring system for real-time energy consumption visualization and analysis at facilities.
• Smart Power Conditioner (SmartPowCon) Advanced power conditioning systems for solar PV installations providing grid interconnection and power conversion optimization.
• SOLARPACK Photovoltaic Power Conditioner Photovoltaic power conditioner series for commercial and industrial solar installations in the 100-250kW range.
• Battery Storage Systems (BESS) Lithium-ion battery energy storage systems for renewable energy integration, peak shaving, and power backup applications. The company holds 85-90% market share in Japan's Advanced Energy Storage Systems market.
• Static Var Compensator (SVC) Static reactive power compensation systems for voltage stabilization in power grids, particularly for renewable energy integration.
• Semiconductor Ion Implantation Equipment Ion implantation systems for semiconductor manufacturing used in silicon wafer processing for integrated circuit production. Sold to semiconductor device manufacturers globally.
• FPD Ion Implantation Equipment Flat panel display manufacturing equipment for substrate processing in LCD and OLED production, sold to display manufacturers globally.
• Electron Beam Irradiation System (EPS) Electron beam processing systems for material modification, crosslinking, and sterilization applications across multiple industries, delivered through NHV Corporation subsidiary.
• Fine Coating System Thin film coating equipment using advanced deposition technologies for industrial and electronic applications.
• High Voltage Testing Services High voltage and high power testing services for switchgear and electrical equipment certification and validation, provided to external clients.
• Power Voltage Transformer (PVT) Micro Substation Compact power substations using Power Voltage Transformer technology for direct conversion of high-voltage transmission power to low voltage suitable for residential consumers, enabling cost-effective and reliable power supply in remote areas and grid-undeveloped regions.
• BUILMATE Building/Industrial Monitoring Control System Centralized monitoring and control systems for buildings and industrial facilities including BUILMATE-s1 series.
• HIWAYMATE Road Monitoring Control System Monitoring and control systems for expressway and road tunnel electrical equipment including HIWAYMATE series, with 600+ composite environmental sensor units deployed at Metropolitan Expressway.
• Water Treatment Monitoring Control System SCADA and monitoring control systems specifically designed for water treatment facilities and wastewater plants.
• Remote Maintenance Service for Electrical Equipment Cloud-based integrated maintenance platform for electrical equipment, providing remote monitoring, diagnostics, IoT-based inspection using cameras, thermal imaging, sensors and microphones for automated equipment monitoring and predictive maintenance.

Quantifiable outcome

• Energy cost reduction of ¥14M/year for Huis Ten Bosch cogeneration system
• +4 more outcomes

Named customers22 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature9 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Tata Power-DDL (タタパワーDDL)coreStrategic or Co-development Partner · 21 August 2024Collaboration with Tata Power-DDL to commission India's first micro substation with Power Voltage Transformer (PVT) technology at Tata's Rohini plant in New Delhi. Project signed on August 21, 2024, as part of NEDO International Demonstration Project on Japan's Energy Efficiency Technologies. The micro substation enables direct conversion of high-voltage transmission power to low voltage for residential consumers, providing cost-effective and reliable power supply for remote areas.
• Sumitomo Electric Industries (住友電工グループ)coreStrategic or Co-development PartnerNissin Electric is part of the Sumitomo Electric Group (，住住電工グループ). Sumitomo Electric is the parent company providing strategic direction, shared services (global privacy policy, risk management), and licensed technology (sEMSA optimization engine for SPSS/ENERGYMATE products). Collaboration on supply chain risk management and international business operations.
• Nissin Electric Shoji (日新電機商事株式会社)coreChannel Partner/ Reseller/ DistributorAuthorized dealer and trading company handling distribution of standardized products, components, and accessories. Also distributes other companies' general-purpose products alongside Nissin Electric's own offerings. Participates in annual Business Partner gatherings and sales seminars.
• Nisshin Electric Group Foundation for Social Contribution (公益財団法人 日新電機グループ社会貢献基金)minorOthersEstablished March 9, 2017 (general foundation) and transitioned to public interest foundation March 9, 2018. Focused on technical talent development (scholarships), Kyoto cultural heritage protection, and regional environmental conservation. Initial endowment ¥50M, annual budget approximately ¥20M.
• Sumitomo Electric Industries (住友電工) - sEMSA TechnologycoreTechnology or IntegrationLicense of sEMSA optimization engine from Sumitomo Electric for use in ENERGYMATE-Factory and SPSS products. sEMSA provides industry-leading computational speed for distributed energy resource optimization. Integrated into Nissin Electric's energy management systems to enable real-time optimization of cogeneration, batteries, and power purchase decisions.
• Doshisha University, Prof. Naoaka Nagaoka (同志社大学 長岡直人教授)minorStrategic or Co-development PartnerJoint research with Prof. Naoaka Nagaoka of Doshisha University Faculty of Science and Engineering on lithium-ion battery degradation diagnostic technology using transient response characteristics. Collaboration since 2017.
• Minsei Center (民際センター) - Darnee ScholarshipminorOthersDonation to Minsei Center's Darnee Scholarship program supporting secondary school education for disadvantaged children in Thailand and Vietnam. Implemented through the Nissin Electric Group Foundation for Social Contribution.
• Kyoto Prefecture and Kyoto City (京都府・京都市)minorStrategic or Co-development PartnerMultiple partnership agreements for cultural heritage protection (including Kyoto Governor's Office old building preservation), environmental conservation (Kyoto climate change initiatives, bio-diversity partnership), and regional community development. Historical cultural heritage preservation agreements since 2018.
• Smart Activity Promotion Council (スマート活動推進協議会)minorStrategic or Co-development PartnerIndustry council established January 2019 with major suppliers to address shared challenges including labor shortages, work style reform, DX promotion, CO2 reduction, and harassment prevention. Holds quarterly meetings with participating companies to share information and collaborate on solutions.
• National Institute of Polar Research / National Polar Research Institute (国立極地研究所)minorStrategic or Co-development PartnerLong-standing collaboration since 1996 on photovoltaic systems for Japan's Antarctic research station (Syowa Base). Nissin Electric designed and installed solar power systems for the harsh Antarctic environment, collaborating on research into renewable energy for extreme conditions.
• Key Suppliers and Supply Chain Partners (サプライヤー)coreImplementation/ SI/ Consulting PartnerAnnual supplier conferences (半期), supplier appreciation awards, CSR procurement guidelines, green procurement program, and joint safety/transportation initiatives through the transportation group's semi-annual liaison meetings. 90% of domestic procurement from surveyed suppliers.
• Nissin Advanced Coating Indo Co., Private Ltd.minorChannel Partner/ Reseller/ DistributorIndian subsidiary providing coating technology services and products in the Indian market.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• ABB: Global incumbent in electrification, motion, and process automation — overlapping with Nissin in switchgear, transformers, drives, and grid solutions, though ABB operates at far greater scale and product breadth.
• Schneider Electric: Global incumbent in switchgear, power distribution, and energy management software (EcoStruxure). Competes with Nissin's SPSS/ENERGYMATE in factories and buildings, while offering a much broader portfolio and ecosystem.

Direct peers

• Fuji Electric: Japanese manufacturer of power semiconductors, inverters, transformers, and power conditioning systems; overlaps with Nissin in solar PCS, power capacitors, and industrial energy management offerings.
• Meidensha: Japan-based maker of transformers, switchgear, power capacitors, and water/industrial plant monitoring systems — a close mid-cap peer to Nissin across both power infrastructure and water treatment SCADA.
• Hitachi Energy: Global leader in transformers, high-voltage switchgear, and grid automation (formerly Hitachi/ABB Power Grids). Most direct global comparable to Nissin's core T&D equipment portfolio, with a much larger scale and international footprint.
• Mitsubishi Electric: Major Japanese manufacturer of transformers, switchgear, power conditioning systems, and energy management equipment, directly competing with Nissin across T&D and the SPSS-style factory / building energy management space.
• Toshiba Energy Systems & Solutions: Japanese heavy electric equipment peer offering transformers, GIS, power semiconductors, and grid solutions to the same utility and industrial customers as Nissin; competing especially in high-voltage T&D and renewable interconnection.

Emerging players

• Hyundai Electric: Korean manufacturer of power transformers, switchgear, and rotating machines with growing global presence in Asia and the Middle East — an emerging challenger to Nissin's T&D equipment, particularly in ASEAN markets.
• Yokogawa Electric: Japanese specialist in industrial process control, monitoring, and energy management software for plants, water, and power infrastructure — adjacent to Nissin's BUILMATE/HIWAYMATE/ENERGYMATE monitoring and control portfolio.

Others

• Sumitomo Electric Industries: Parent company of the Sumitomo Electric Group that licenses the sEMSA optimization engine to Nissin and provides shared services; a related-party rather than a direct competitor, but the closest corporate peer by technology and customer overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nissinelectric

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries17 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 Nissin Electric