
Eaton Corporation is a power management company that manufactures electrical distribution and control products. Eaton's businesses are divided into several sectors, including electrical, automotive, eMobility, and aerospace. The company has a global presence and serves a variety of markets, including industrial, commercial, and residential. In terms of its presence in China, Eaton has made several acquisitions and investments in Chinese companies. For example, in 2007, Eaton acquired a Taiwanese manufacturer, Phoenixtec, giving the company a strong position in the Chinese single-phase UPS market. More recently, in 2025, Eaton acquired a 49 percent stake in Jiangsu Ryan Electrical Co., a Chinese manufacturer of power distribution and sub-transmission transformers. These acquisitions suggest that Eaton has a significant interest in the Chinese market and may have manufacturing operations in the country.
| Characteristics | Values |
|---|---|
| Eaton's acquisition in China | Jiangsu Ryan Electrical Co. Ltd. |
| Acquisition percentage | 49% |
| Year of acquisition | 2025 |
| Location | Nantong, Jiangsu |
| Product line | Switchgear, dry and oil-based transformers, distribution cabinets, and dry-type transformers |
| Revenue in 2024 | $100 million |
| Previous acquisition | Taiwanese manufacturer, Phoenixtec |
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What You'll Learn
- Eaton acquires 49% of Jiangsu Ryan Electrical, a Chinese manufacturer of power distribution products
- Eaton's commitment to sustainability and minimizing the environmental impact of its operations and products
- Eaton's acquisition of Taiwanese manufacturer Phoenixtec, increasing its share in the Chinese UPS market
- Eaton's electrical products are branded Eaton or Cutler-Hammer, replacing Westinghouse products
- Eaton's history, from its beginnings over 100 years ago to its current global presence

Eaton acquires 49% of Jiangsu Ryan Electrical, a Chinese manufacturer of power distribution products
Eaton Corporation is an intelligent power management company that manufactures electrical distribution and control products. The company was founded in 1911 and has been publicly listed on the New York Stock Exchange for 100 years. Eaton's businesses are divided into electrical, automotive, and aerospace sectors.
In April 2023, Eaton announced that it had completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution and sub-transmission transformers. Jiangsu Ryan Electrical, founded in 2007 and based in Nantong, Jiangsu, China, reported revenues of approximately $100 million in 2022. The company is focused on dry-type transformers, which are solid and do not have any rotating parts, instead relying on ventilation to cool the transformer coils.
Howard Liu, President of the Asia-Pacific Region, Electrical Sector at Eaton, commented on the acquisition:
> "The powerful combination of Ryan’s high-quality products and Eaton’s global distribution will enable us to better serve customers in Asia Pacific and around the world. Together, we’ll be well-positioned to provide the solutions for the transition to more renewable energy and electrical content in a variety of applications."
This acquisition is in line with Eaton's commitment to sustainability and its mission to help customers manage power and transition to renewable energy. With Jiangsu Ryan Electrical's products widely recognized in renewable energy, data center, utility, and industrial markets, this acquisition will enable Eaton to better serve its customers in the Asia Pacific region and globally.
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Eaton's commitment to sustainability and minimizing the environmental impact of its operations and products
Eaton is a power management company with a global presence and a commitment to sustainability and minimizing the environmental impact of its operations and products. With a history spanning over a century, Eaton has always aimed to help people work more safely, be more energy efficient, and reduce emissions. The company's dedication to improving the quality of life and protecting the environment is evident through its sustainable business practices.
Eaton's commitment to sustainability is reflected in its efforts to minimize the environmental impact of its electrical products. As a global manufacturer, Eaton complies with international product-related regulations and works closely with suppliers and customers to ensure its products improve safety and are environmentally sound. The company actively supports the WEEE Directive and incorporates the principles of extended producer responsibility into its daily operations. Eaton also complies with regulations such as California Proposition 65 and the EU REACH Regulation, identifying substances of very high concern (SVHC).
The company's sustainability efforts extend beyond regulatory compliance. Eaton offers a capacitor unit recycling program and designs products with the environment in mind, considering raw materials and energy efficiency. Eaton is also committed to advancing the United Nations Sustainable Development Goals (SDGs) through its 2030 sustainability targets. This includes optimizing power efficiency and distribution, improving food production efficiency, and making air and land transportation more efficient and safe while reducing resource consumption.
Eaton's power management solutions increase energy efficiency, conserve natural resources, and help shrink the carbon footprint of its customers. The company prioritizes employee safety and health, striving to prevent accidents, injuries, and occupational illnesses. Eaton has implemented a worldwide Environment, Health, and Safety (EHS) governance structure to ensure compliance, responsible practices, and proactive incident reporting and response. This structure applies to both its operations and the products it manufactures.
Eaton's commitment to sustainability and minimizing environmental impact is integral to its business model and daily operations. By capitalizing on electrification and digitalization trends, Eaton accelerates the transition to renewable energy and helps solve power management challenges worldwide. The company's values and passion for the planet and society guide its efforts to operate sustainably and protect the environment.
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Eaton's acquisition of Taiwanese manufacturer Phoenixtec, increasing its share in the Chinese UPS market
Eaton Corporation is an intelligent power management company that manufactures and markets electrical distribution and control products. The company's businesses are divided into several sectors, including Electrical, Aerospace, and Mobility.
The Electrical sector's products include circuit breakers, switchgear, UPS systems, power distribution units, and more. Eaton's Electrical Distribution and Control business has made several acquisitions over the years, including the electrical division of Delta plc in 2003, which brought several brands under the Eaton nameplate.
One of the notable acquisitions made by Eaton was that of the Taiwanese manufacturer, Phoenixtec. Phoenixtec specializes in manufacturing single- and three-phase uninterruptible power supply (UPS) systems, which are sold globally. At the time of the acquisition, Phoenixtec held leading positions in UPS markets, particularly in China, Southeast Asia, and Eastern Europe.
By acquiring Phoenixtec, Eaton gained access to the company's engineering capabilities and manufacturing facilities in Taiwan and China. This strategic move provided Eaton with the technical knowledge and competitive manufacturing footprint it needed to expand its global power quality business. As a result of the acquisition, Eaton gained the highest share in the Chinese single-phase UPS market, strengthening its position in the power management solutions industry.
Eaton's commitment to sustainability and improving the quality of life for people everywhere is evident in its business acquisitions and product offerings. The company aims to solve the world's toughest electrical and mechanical power management challenges, accelerate the transition to renewable energy, and create long-term value.
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$43.68

Eaton's electrical products are branded Eaton or Cutler-Hammer, replacing Westinghouse products
Eaton Corporation is an American-Irish-domiciled multinational power management company, with a primary administrative center in Beachwood, Ohio. Eaton has over 85,000 employees and sells its products in more than 175 countries. The company was founded in 1911 by Joseph O. Eaton, Henning O. Taube, and Viggo V. Torbensen, who incorporated the Torbensen Gear and Axle Co. in Bloomfield, New Jersey.
Eaton's businesses are divided into several sectors, including the electrical sector, the automotive segment, and the eMobility sector. The electrical sector's products include circuit breakers, switchgear, busway, UPS systems, power distribution units, panel boards, load centers, motor controls, meters, sensors, relays, PLCs, HMIs, and inverters. The company's electrical products are branded as "Eaton" or "Cutler-Hammer," which can replace Westinghouse products in commercial and industrial applications.
In 1994, Eaton made one of its largest acquisitions by purchasing the Westinghouse Distribution and Controls Business Unit. This acquisition included all of Westinghouse's electrical distribution and control product business and stipulated that the Westinghouse name could not be used by anyone else on these types of products for years. Cutler-Hammer, which became a part of Eaton in 1978, brought over $500 million in sales of power control and switching devices. The Electrical Distribution and Control business, formerly known as Cutler-Hammer, further expanded through the acquisition of the electrical division of Delta plc in 2003, bringing additional brands such as Holec, MEM, Tabula, Bill, and Elek under the Eaton nameplate.
Eaton's commitment to sustainability and improving the quality of life for people everywhere is evident in its products and services, which have helped enhance safety, energy efficiency, and emissions reduction. The company has also made significant acquisitions and expansions in the Chinese market, including the acquisition of a Taiwanese manufacturer, Phoenixtec, giving Eaton the highest share in the Chinese single-phase UPS market.
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Eaton's history, from its beginnings over 100 years ago to its current global presence
Eaton is an American-Irish-domiciled multinational power management company with a primary administrative center in Beachwood, Ohio. With more than 85,000 employees, Eaton sells products to customers in over 175 countries.
The company was founded in 1911 by Joseph O. Eaton, his brother-in-law Henning O. Taube, and Viggo V. Torbensen, who incorporated the Torbensen Gear and Axle Co. in Bloomfield, New Jersey. The company was set up to manufacture Torbensen's patented internal-gear truck axle. In 1914, the company moved to Cleveland, Ohio, to be closer to the automotive industry. The Torbensen Axle Company was incorporated in Ohio in 1916, but a year later, Republic Motor Truck Company, Torbensen's largest customer, bought out the company. However, Eaton and Torbensen were not content and left Republic to form the Eaton Axle Company in 1919. A year later, in 1920, the Eaton Axle Company merged with Standard Parts, which went into liquidation the same year.
In 1923, Eaton bought back the Torbensen Axle Co. and changed the name to the Eaton Axle and Spring Company. Eaton officers believed that acquiring companies in the automotive industry was the quickest way to grow the business. By 1932, the company had diversified and changed its name to Eaton Manufacturing Company. In 1937, Eaton became an international company by opening a manufacturing plant in Canada. In 1958, Eaton Corporation acquired Fuller Manufacturing, and in 1963, it acquired Yale & Towne Manufacturing Co., changing the company name to Eaton Yale & Towne Inc. in 1965. Stockholders approved the change to the company's current name, Eaton Corporation, in 1971.
Today, Eaton Electrical manufactures electrical distribution and control products branded "Eaton" or "Cutler-Hammer", which can replace Westinghouse products in commercial and industrial applications. In 2000, Eaton spun off its semiconductor manufacturing equipment business as Axcelis Technologies. In 2003, Eaton's Electrical Distribution and Control business acquired the electrical division of Delta plc, bringing several brands under the Eaton nameplate. This acquisition also gave the company manufacturing facilities to meet IEC standards, a step towards becoming a global company. Eaton has since continued to acquire companies, including Tripp Lite in 2021, and has expanded its business into sectors such as aerospace, eMobility, and hydraulics.
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Frequently asked questions
Yes, Eaton manufactures electrical products in China. The company has acquired a 49 percent stake in Jiangsu Ryan Electrical Co. Ltd, a Chinese manufacturer of power distribution and sub-transmission transformers.
It is a company based in Nantong, Jiangsu, China, that manufactures dry-type transformers, switchgear, and distribution cabinets.
A dry-type transformer, also known as a cast resin-type transformer, is a solid device that does not have any rotating parts and uses ventilation to cool its transformer coils.
Eaton is an intelligent power management company that manufactures electrical distribution and control products. The company is committed to improving the quality of life and protecting the environment by helping customers manage their power usage and transition to renewable energy sources.
Eaton's electrical sector products include circuit breakers, switchgear, busway, UPS systems, power distribution units, panel boards, motor controls, sensors, and relays.









































