ABB Ltd - Company Profile
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Business Description
ABB Ltd (ABB) is a global technology company specializing in electrification and automation. It focuses on creating a sustainable and resource-efficient future by leveraging its engineering and digitalization expertise. ABB operates in around 100 countries and serves industries by enhancing their performance, efficiency, productivity, and sustainability.
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R&D Overview
ABB continuously evolves its offerings to remain a relevant and trusted partner to its customers. The company focuses its research and development expenditures on key areas of innovation, spending approximately US$10.6 billion since the beginning of 2016. The focus is on developing best-in-class products and services in the fields of electrification and automation, with the goal of helping customers create sustainable, resource-efficient value. Embedding software and AI in products and solutions is an integral part of ABB Ltd's strategy, with the majority of offerings including software or being digitally enabled. Over half of the research and development employees are focused on digital solutions, enabling differentiation, customer value creation, and driving quality of revenues. Each division has full accountability for its results and carries the responsibility for business development and research and development to secure a leading market position. In 2024, ABB Ltd cemented the decentralized way of working within all divisions, ensuring accountability, transparency, and speed in decision-making. In 2025, the company aims to move accountability further down within the organization, empowering leaders below the division level with strategic mandates and corresponding incentives to further drive results. Clear mandates and accountability at the business line level will enhance transparency and operational speed across the organization. Furthermore, ABB Ltd continues to shift its focus to profitable growth. In FY2024, it spent US$1,469 million on R&D, which increased 11.5% YoY.
Business Segments
Overview
Manufactures and sells electrical products and solutions designed for efficient and reliable electricity distribution. Its portfolio includes renewable power solutions, modular substation packages, distribution automation products, switchboards, panelboards, switchgear, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures, cabling systems, and intelligent home and building solutions. During FY2024, the company had incurred a capital expenditure of US$472 million, which grew 22.3% YoY.
Performance
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Overview
Designs, manufactures, and sells drives, motors, generators, and traction converters. It serves industries, cities, infrastructure, and transportation sectors, focusing on increasing energy efficiency, safety, and reliability. During FY2024, the company incurred a capital expenditure of US$191 million, which grew 11.7% YoY.
Performance
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Overview
Offers industry-specific, integrated automation, electrification, and digital solutions, serving the process, hybrid, and marine industries. Its product portfolio includes control technologies, industrial software, advanced analytics, sensing and measurement technology, and marine propulsion systems. During FY2024, the company had incurred a capital expenditure of US$62 million, which decreased 6.1% YoY.
Performance
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Overview
Delivers products, solutions, and services through two divisions: Robotics, which provides industrial and collaborative robots, and Machine Automation, which specializes in automation solutions. It serves industries requiring automation and robotics solutions. During FY2024, the company incurred a capital expenditure of US$81 million, which grew 14.1% YoY.
Performance
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Overview
Includes headquarter costs, corporate real estate activities, Corporate Treasury, the E-mobility operating segment, and other non-core operating activities, as well as activities of certain divested businesses. During FY2024, the company incurred a capital expenditure of US$39 million, which declined 48.7% YoY.
Performance
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Geographical Segments
- Asia, excluding China; Middle East and Africa
- China
- Europe
- The Americas, excluding United States
- United States
Performance
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Performance
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Performance
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Performance
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Performance
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