MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Energy
Written by / Agency / Source: ABB Robotics / ABB Ltd
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ABB Showcases the Future of Electrification - Event addresses megatrends that will impact electrification market - ABB.com
ABB Showcases the Future of Electrification

 

NewswireToday - /newswire/ - Bergamo, Italy, 2019/11/06 - Event addresses megatrends that will impact electrification market - ABB.com. ABBN: SIX Swiss Ex

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ABB today presented its electrification solutions that will allow customers to take full advantage of the trends that will accelerate the global market and drive the business’s profitability. During a media day in Bergamo, Italy, ABB highlighted these trends that will significantly impact electrification:

Digitalization - Demand for data is increasing, driven by the digital transformation of industries, processes, procurement, and services. By 2022, 75 percent of data will be processed outside of the originating core. In 2018 this was 10 percent, according to data from research firm Gartner.

Urbanization - Cities across the world are experiencing an accelerated population growth and associated infrastructure development. By 2040, about 6 billion people will be living in cities, compared to 4 billion in 2018, the United Nations estimates.

Shift to electricity - Electricity use is growing at two times the rate of any other form of energy. This is driven by new consumption modes, such as electric vehicles, advancing data centers, and enabled by more efficient use, integration of distributed generation, and energy storage. The International Energy Agency estimates that the share of electricity in the energy mix will rise to more than 30 percent in 2040, from 23 percent in 2018.

“These megatrends are creating high-growth pockets within the electrification market, such as data centers, electric mobility and commercial buildings, which we are well positioned to serve,” said Tarak Mehta, President of ABB’s Electrification business. “Our key goal is to deliver safe, smart and sustainable electrification for our customers and partners.”

ABB’s Electrification business is spending approximately 3 percent of annual revenues on research and development on core technology and new products, with a strong focus on digital solutions.

Among the product highlights participants could experience was NeoGear, ABB’s low-voltage switchgear, which was launched last month. It combines the innovative bus plate technology with the connectivity and digital smartness of the ABB Ability™ platform.

NeoGear is the safest option for operators with no exposure to live parts. It reduces the physical switchgear footprint by up to 25 percent, increases cooling efficiency to reduce heat losses by up to 20 percent, and reduces overall operational costs by up to 30 percent, due to more efficient condition monitoring.

Also on display was ABB’s solid-state circuit breaker concept, which will enable electrical grids to better keep up with the rapid growth of renewable energy sources and the shift towards electrification of transport whether electric cars, buses, trucks or maritime vessels.

ABB’s Electrification business is the world’s number 2 player with revenues of $13 billion in 2018 and an operating EBITA margin of 12.8 percent[1]. It has roughly 55,000 employees and addresses a market worth $160 billion.

The business has received a host of awards for its market-leading solutions including eMove VISION mobility’s 2019 Best of Mobility award for the Terra HP charger. Meanwhile, the Steel City® 8-inch recessed poke-through (RPT8) floor box was among the Showstopper winners announced at the National Electrical Contractors Association (NECA) Show held in Las Vegas. The latest Relion protection, REX640 received an Innovation Award during the Energetab expo fair in Poland and SWICOM, a condition monitoring and diagnostic solution for switchgear, was awarded the gold medal by the Polish Energy Networks. ABB also picked up two prestigious Red Dot Awards for the ABB-tacteo® sensor and ABB i-bus® KNX PEONIA® sensor.

ABB (abb.com) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.

[1] Electrification result adjusted to include GEIS on an annualized basis, based on H2 2018 contribution

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ABB Robotics / ABB Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


ABB Showcases the Future of Electrification

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Natalie Hodges - ABB.com 
+41(0)43 317 54 04 natalie.hodges[.]ch.abb.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ABB Robotics / ABB Ltd securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ABB Robotics / ABB Ltd / Company Profile


Read Energy Most Recent Related Newswires:

ABB Powers Pioneering Floating Solar Plant in Switzerland
ABB Awarded Global E-mobility Leader 2019
Shanghai LNG Celebrates Yangshan Terminal Expansion Milestone
ABB Delivers Safety and Reliability for AGRANA’s New Wheat Starch Plant
ABB Powers the Electrification of Dutch Colocation Data Center
ABB i-bus® KNX Combi Switch Actuators Offer Flexibility with Compact Design
ABB Unveils Modern Production Plant for Energy Storage Systems in Baden
ABB Electrification Launches Virtual ‘Smart City’
ABB to Strengthen e-Mobility Portfolio with Acquisition of Chinese EV Charging Provider Chargedot
Enel Green Power Inaugurates New HJT Production Line At 3SUN Factory
ABB Enables Smarter Data Center Solutions for North Carolina-based GIGA Data Center
Tractebel Awarded LNG Expansion Phase in Dominican Republic
SIDS DOCK and Naval Energies to Develop OTEC Deep-Sea Conversion and Floating Wind Projects for Small Island Developing States
ABB Revolutionizes the Switchgear with Breakthrough Technology for Next Generation of Electricity Distribution
The Global Gan Power Devices Market is Propagating At A Growth Rate of 16.97% CAGR by 2027 Reports Inkwood Research

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  medeuronet UK Ltd

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)