Eaton Corporation plc or CNH Industrial N.V.: Who Invests More in Innovation?

Innovation Investment: A Tale of Two Giants

In the competitive landscape of industrial innovation, Eaton Corporation plc and CNH Industrial N.V. have been pivotal players. Over the past decade, CNH Industrial has consistently outpaced Eaton in research and development (R&D) spending. From 2014 to 2023, CNH Industrial's R&D expenses averaged 60% higher than Eaton's, peaking in 2021 with a 100% increase compared to Eaton's spending that year. This trend underscores CNH Industrial's commitment to innovation, particularly in the agricultural and construction sectors. Meanwhile, Eaton, a leader in power management, has shown a steady increase in R&D investment, culminating in a 15% rise in 2023 compared to 2022. This strategic focus on innovation is crucial as both companies navigate the challenges of sustainability and technological advancement in their respective industries. As the world shifts towards more sustainable solutions, these investments are not just expenditures but strategic moves to secure future growth and leadership.