ABB Company Profile by CMR

Company Profile

ABB Company Basic Information, and Sales Area

Item	Description
Company Name	ABB
Website	new.abb.com
Established Date	1988
Headquartered	Switzerland
Market Position/History	ABB was established in 1988 and the company is headquartered in Zurich, Switzerland. The company made 15 acquisitions in its first year, and in 1989, ABB purchased an additional 40 companies. In course of time, the company expanded its presence across the regions. Further, the company has acquired several companies such as Kuhlman Electric Corporation, Baldor Electric, Thomas & Betts, Power-One, Bernecker + Rainer Industrie-Elektronik, and many others. The company has 50,500 employees working across locations. ABB operates in more than 100 countries across the world.
Sales Area	Worldwide
Contact Number	Affolternstrasse 44, 8050 Zurich, Switzerland Tel: +41 43 317 7111 Fax: +41 43 317 4420

ABB Business Segment/ Overview:

ABB is a Switzerland-based manufacturer of electrical equipment and automation products. The company operates through several divisions including electrification, industrial automation, robotics, discrete automation, motion, and others. The company’s electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgear, UPS solutions, circuit breakers, measuring, and others. The company's Robotics & Discrete Automation segment offers industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services. The company's Process Automation segment provides process and discrete control technologies, advanced process control software and manufacturing execution systems, sensing, measurement, and others. Its Motion segment offers drives, motors, generators, traction converters, and mechanical power transmission products that are driving the low-carbon future for industries, cities, infrastructure, and transportation.

Impact of COVID-19

The challenges posed by the COVID-19 pandemic accelerated several megatrends such as digital connectivity and automation as businesses looked for ways to continue operating with fewer employees present. Due to travel limitations caused by the COVID-19 pandemic and a general environment of weaker demand, notably for fossil fuels, the conventional power generating, and renewables markets experienced difficulties in 2020. With continued efforts to improve grid reliability and resilience with rising renewables, demand from electrical distribution utilities was resilient during a pandemic.

Revenues dropped by 7% in 2020. (6 percent in local currencies). Due to the COVID-19 pandemic's effects on company activity and a large decline in book-and-bill activities, revenues fell across all business areas. Despite these challenges, revenues in the Electrification and Motion Business Areas reflected good execution of the order backlog as well as resilience in the short-cycle businesses, particularly in the second half of the year.

Cam Switch Product Types Specification

Rotary Cam Switches
•   New patent-pending contact design guarantees consistent opening times between moving and fixed contacts. This results in higher current performances and a longer life span.
•   Gold-plated contacts are available, for reliable low voltage switching
•   High-quality, flame-resistant materials
•   Laser-printed text for life-long visibility, even in harsh environments
•   Configurable switch body offers horizontal or vertical access to terminals
Versatile mounting options
Door Mounting is available in 2 versions
•   Screw Mounting: multiple fixing points with screws.
•   Snap-on Mounting: quick and easy installation which can reduce labor time by up to 5 times.

Sneha Mali

Sneha Mali serves as a Team Lead at Cognitive Market Research & Consulting, overseeing research initiatives and delivering strategic market intelligence across the Food & Beverages and Agriculture sectors. With …

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Profile Details

Author Sneha Mali
Published 13 Apr 2023
Last Updated 04 Nov 2023
Reading Time~5 minutes
CoverageSWOT, Financials, Key Employees, History

- 1.1 About ABB
- 1.2 Key Facts
- 1.3 Key Employees
  - 1.3.1 Key Employee Biographies
- 1.4 History
- 1.5 Locations & Subsidiaries
  - 1.5.1 Head Office
  - 1.5.2 Other Locations & Subsidiaries
- 2.1 Company Overview
- 2.2 Business Segments
- 2.3 R&D Overview
- 2.4 Brands
- 2.5 Key Company Statistics
- 2.6 Key Financials (2015–2019)
- 2.7 Share Holder Analysis
- 2.8 Regional Presence
- 2.9 Services Offered
- 3.1 Strengths
- 3.2 Weaknesses
- 3.3 Opportunities
- 3.4 Threats
- 3.5 Key Competitors
- 4.1 Company Metrics
- 4.2 Key Investors
- 4.3 Recent Funding & Valuation
- 4.4 Historical Funding & Valuation
- 5.1 Acquisitions
- 5.2 Partnerships
- 6.1 Latest News & Announcements
- 6.2 Strategic Initiatives
- 7.1 Summary of Findings
- 7.2 Strategic Recommendations

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ABB Company Profile