What Does Honeywell Offer?
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. It offers aircraft engines, avionics and other related products and services; control, sensing and security technologies for commercial and residential use; automotive turbochargers, specialty chemicals, electronic and advanced materials; process technology for refining and petrochemical industry; and heating, ventilation and air conditioning products and solutions for homes and businesses.
Honeywell supplies aircraft engines, avionics and related products and services to original equipment manufacturers (OEM) in the air transport, regional, business and general aviation aircraft segments. It also provides spare parts and repair and maintenance services for the aftermarket (principally to aircraft operators). Some of Honeywell’s customers are NASA, FAA, USAF, the U.S. Air Force, Department of Defense and Department of Energy, Boeing and Lockheed Martin. Honeywell’s Process Solutions & Performance Materials products are used in the refining, petrochemical, automotive, healthcare, agricultural, packaging, refrigeration, appliance, housing, semiconductor, wax and adhesives end-markets. HVAC, safety & security products are used by governments, retail consumers and companies operating in transportation and logistics, manufacturing, healthcare, warehousing and security sectors. People dealing with facilities and building management also purchase the segment’s products.
What Are The Alternatives?
With Honeywell being a conglomerate, it faces competition from different companies across different sectors, biggest of which have been mentioned below. Aerospace: Garmin, Thales, Safran and United Technologies Honeywell Building Technologies: Emerson Electric, Itron, Johnson Controls, Schneider Electric and Siemens Performance Materials and Technologies: Albemarle, BASF, DuPont, Emerson Electric and Sinopec Safety and Productivity Solutions: 3M, Mine Safety Appliances (MSA), Kion Group, TE Connectivity and Zebra Technologies
Has 3 Operating Segments:
Aerospace : Honeywell is a leading global supplier of products, software and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets.
HVAC, Safety & Security Products : Honeywell's HVAC, Safety & Security Products segment offers controls and displays for heating, ventilation, cooling, indoor air quality, humidification, combustion and lighting. It also provides sensing and control systems that help measure temperature, pressure and airflow, and detect fire and gas leaks. Its personal protection equipments portfolio includes hard hats, protective eye gear, clothing and footwear. It also provides video surveillance equipment and remote patient monitoring systems. It’s scanning and mobility products include devices that help collect and store data such as barcode scanners and RFID tags, readers and related hardware.
Process Solutions & Performance Materials : Honeywell’s Process Solutions & Performance Materials segment offers process automation for industrial facilities and specialty materials and chemicals such as hydrocarbon processing technologies, catalysts, adsorbents, fluorine products, specialty films and additives, advanced fibers and composites, intermediates, electronic materials and chemicals.