ABB Group is a Swiss Swedish multinational based in Switzerland and is a key player in areas such as industrial automation, energy technology and robotics. In 2021, the company generated more than
For the company that year, contributing to some 36% of the total income of the ABB group.
Electrification
The company’s electrification activities segment offers products and solutions such as electricity production systems and transmission and distribution networks, which are used in a wide range of industries, including energies renewable andelectrical mobility. In 2021, the ABB group generated around$ 13.2 billion in income segment Alone, representing more than 44% of the total income that year.
In addition, this segment had the Highest number of employees—The 51,000 – in 2021, representing 49% of all employees working at ABB Group.
ABB Group History and competitors
ABB Group was founded in 1988 by the merger of Allmänna Svenska Elektriska Aktiebolaget from Sweden with Brown, Boveri & Cie in Switzerland.market value of around 67.8 billion US dollarsThe ABB group, the headquarters of which is at Zurich level, ranks among the largest conglomerates in the world. The company competes with heavy goods vehicles such as Raytheon Technologies,General electric3M, Danaher, Honeywell International of the United States and Siemens in Germany. In the field ofManufacturing of robotsThe ABB group competes with ChineseKuka groupAnd Mitsubishi Electric, based in Japan, Kawasaki Heavy Industries, Fanuc and Yaskawa.
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