Power Solutions develops and sells components and solutions for power supply and for steering and controlling movements or energy flows. Customers operate mainly within special vehicles, the energy sector and the electronics industry.
Companies within the business area are often involved in the customer’s design phase, and can therefore participate in determining and optimising the customer’s end-product. Accordingly, most customers are OEMs, although some are end-users. The business area has developed many strong proprietary brands, has considerable development expertise and proprietary niche production. The companies have considerable leading-edge expertise and hold leading market positions in their niches. The business area includes leading players in customised batteries, control and ergonomics products developed in-house, and power supply solutions. Demand is particularly dependent on development in the market for special vehicles, the energy sector and the electronics industry.
Overall, demand was stable during the year. The largest segment, special vehicles, experienced high demand with increasing sales of control and ergonomic products. The companies’ efforts to further position themselves in new battery technologies had a positive effect. The business situation developed well for power supply solutions in customer segments such as telecom and wind power.
Rapid technical development, combined with new regulatory requirements and, not least, the growing electrification trend in society, continues to drive demand for technically knowledgeable players able to contribute during the product design stage. There is also an increasing need for modern special vehicles, such as forklifts, mining machines and forest machines, and many of these utilise Power Solutions’ system solutions and products.