A proactive total cost of ownership strategy, global reach and local focus, accompanied by green solutions, a wide range of quality products and a lifecycle service and support approach has underpinned the company's success, serving as the basis of this prestigious award.
This follows on the heels of the company's receipt of Frost & Sullivan's 2010 European Medium Voltage Drives New Product Innovation Award. The dual accolade highlights ABB's immense strengths across the power and automation technologies spectrum.
"ABB invests significantly in R&D to enhance grid reliability, improve efficiency and lower environmental impact, thereby setting industry benchmarks and leading the transformer sector," notes Frost & Sullivan Research Analyst Vikas Ravindran. "As a market leader in the transformer industry, ABB has introduced several products and solutions supporting the green initiative. For instance, the company offers now BIOTEMP® filled transformers, ABB's proprietary biodegradable and high temperature insulation fluid, amorphous core transformers reducing CO2 emissions and low volatile organic compounds (VOC) based painting systems reducing solvent emissions and energy costs."
ABB transformer technology optimizes reliability, performance, efficiency and environmental responsibility. Its recently introduced 'green transformer' program has been conceived with a vision of developing sustainable energy solutions. It is driven by the '3 E's - efficiency, environment and economy, seeking to reduce energy losses, improve energy efficiency and minimize environmental impact.
ABB's vast transformer product portfolio is one of its greatest strengths. In addition to a comprehensive range of power, distribution, traction and a host of other special application transformers, it also offers an array of components and services. Scalability, high performance and innovative features allow the company to target a much wider customer base across geographies. These transformer products and solutions meet international and local standards including the American National Standard Institute (ANSI) and International Electrotechnical Commission (IEC).
"The major factor that sets ABB apart from its competitors is its wide transformer portfolio," concludes Ravindran. "State-of-the-art technology and constant innovation have enabled it to garner a significant share of the market. For instance, its latest 'green' transformer range and total cost of ownership approach are setting new industry benchmarks."
The Frost & Sullivan Award for Market Penetration Leadership Award is presented each year to the company that has demonstrated excellence in capturing the fastest measured rate of change of market share within its industry. This Award recognises how fast a company increases its penetration of a market, in terms of revenues or units as specified.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.
Transformers are integral components of any electrical grid, and are a critical element in the efficient and safe conversion of energy across diverse voltage systems. ABB's transformer portfolio includes power transformers rated up to 1000 kV, dry and liquid distribution transformers as well as related services and components.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.