ABB Ltd. ADR Stock

Description ABB

ABB is a multinational company headquartered in Switzerland that specializes in robotics, power, automation, and electrification products and services. ABB operates in more than 100 countries and employs about 110,000 people.

The company operates through four segments: Electrification Products, Robotics and Motion, Industrial Automation, and Power Grids. The Electrification Products segment produces and markets products such as electrics and automation products and systems, low-voltage and medium-voltage switchgear, among others.

The Robotics and Motion segment provides robotics, motors, generators, drives, and related software for a variety of industries. The Industrial Automation segment develops and sells control systems and related services for industrial processes.

The Power Grids segment produces products and systems for the transmission and distribution of electrical power, including transformers, substations, and related services.

Additionally, ABB has been recognized for its sustainability efforts and was included in the Dow Jones Sustainability Index for the 21st consecutive year in 2020. As of August 2021, the ABB stock (Symbol ABB) is listed on the New York Stock Exchange (NYSE) and the Swiss Exchange (SIX).

Competitors of ABB

ABB, a Swiss-Swedish multinational corporation, operates in several segments, including Electrification, Industrial Automation, Motion, and Robotics Discrete Automation. Its primary competitors vary across the different segments it operates in, but some of the most significant competitors are:

1. Siemens AG: A German multinational company that operates in the same business segments as ABB.

2. General Electric: An American multinational conglomerate that operates in segments like ABB.

3. Schneider Electric: A French multinational corporation that focuses on energy management and automation solutions.

4. Rockwell Automation: An American company that specializes in industrial automation and information technology.

5. Honeywell International: An American company that provides solutions for automation and control systems, as well as software and hardware applications for the industrial sector.

6. Emerson Electric: An American multinational corporation that operates in sectors like process management and industrial automation.

These are some of the most significant competitors of ABB in the market, and the company has to be agile and innovative to remain competitive in the fast-paced industrial automation industry.