Company DescriptionABB Ltd manufactures and sells electrification, automation, robotics, and motion products for customers in utilities, industry and transport, and infrastructure in Switzerland and internationally. Its Electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboards and panel boards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions. The company's Robotics & Discrete Automation segment offers industrial robots, software, autonomous mobile robotics, robotic solutions, field services, spare parts, and digital services. This segment also provides solutions based on its programmable logic controllers, industrial PCs, servo motion, transport systems, and machine vision. Its Motion segment designs, manufactures, and sells drives, motors, generators, and traction converters that are driving the low-carbon future for industries, cities, infrastructure, and transportation. The company's Process Automation segment develops and sells control technologies, advanced process control software and manufacturing execution systems, sensing, measurement and analytical instrumentation, marine propulsion systems, and turbochargers. This segment also offers remote monitoring, preventive maintenance, asset performance management, emission monitoring, and cybersecurity services. It serves aluminum, automotive, battery manufacturing, buildings and infrastructure, cement, channel partners, chemical, data centers, food and beverage, process automation, life sciences, ports, marine, mining, oil and gas, ports, power generation, printing, pulp and paper, railway, smart cities, water, and wind power industries. The company was founded in 1883 and is headquartered in Zurich, Switzerland.
How the Company Makes MoneyABB Ltd generates revenue through its diverse business segments that offer a broad array of products and services. In the Electrification segment, ABB provides electrical equipment and solutions for electric vehicles, smart buildings, and renewable energy projects, earning money through the sale and servicing of these products. The Industrial Automation segment focuses on delivering automation solutions for process and hybrid industries, where revenue comes from the sale of automation systems and related services. The Motion segment involves the provision of motors and drives for industrial applications, contributing to revenue through both product sales and after-market services. Lastly, the Robotics & Discrete Automation segment offers robotics solutions and factory automation systems, with earnings derived from the sale of robots, software, and maintenance services. Significant factors impacting ABB's revenue include its strategic partnerships, such as collaborations with technology companies to enhance digital offerings, and its focus on sustainability, which aligns with global energy efficiency trends.