ABB Automates China Market Increases Market Share

Industrial Control Summary: The success of ABB's development in China is not only the advancement of technology, but also its astute interpretation of various national policies. In the five strategies formulated by the ABB Discrete Automation and Motion Control Department, the emphasis was placed on advancing ABB's technological development in the fields of renewable energy and transportation, which coincides with the pace of the country's efforts to develop new energy industries in recent years. In his interview, Spiver also focused on the great advantages that ABB holds in these two areas. "ABB's solar inverters, wind turbines, medium-voltage technology, modular battery energy storage technologies, and the newly acquired uninterruptible power supply business will all make greater contributions to ABB's development in the new energy sector." Fu introduced.

In addition, the development of industrial motion control is also the key to ABB's discrete automation and motion control business department maintaining and expanding its leading position. As we all know, ABB Group's acquisition of Baldor Electric, a leading company in the North American industrial motor market, has strengthened its coverage and penetration in the North American motor market, and has also helped ABB become a global leader in industrial motion control. Shi Bifu revealed that in the food and beverage industry and the railway industry, which have received less attention in the past, ABB will also “strike hard” and use its huge advantages in industrial motion control to add value to users of these industries.

When it comes to mergers and acquisitions, in fact, ABB has completed several successful mergers and acquisitions projects in addition to Northland Electric in North America in recent years. Spidey concluded: "If there is a company that can help us fill in the gaps in the product portfolio, or can help us to have a good expansion in the distribution channels, we are also happy to buy them in."

The positive trend of "industrial upgrading" in China's domestic manufacturing industry has injected new vitality into ABB's development. Just as Dr. Gu Chunyuan said in an interview, "ABB's China opportunity has come, we are ready!" Shi Bifu is The more accurate meaning of this sentence is given with a confident answer. "I hope that all of our business units will grow at a faster rate than the market, and even grow to several times the speed of the market!"