ABB Motion Capital Markets Day: Energy Transition Driving Profitable Growth

DCS ABB Motion Capital Market Day 1 400

May 25, 2022

 

ABB’s Motion business area recently hosted Capital Markets Day in Helsinki, Finland. A world leader in electric motors and drives, ABB Motion outlined its ambition to outgrow the motion market and to improve its industry leading performance further.

According to research, some 45 percent1 of the world’s electricity is converted into motion by electric motors. A large percentage of the installed base is old and inefficient. At the same time, only around 23 percent of the world’s 300 million industrial electric motors are controlled by variable speed drives which save energy and improve performance. Accelerating the adoption of the most energy efficient motors and drives – in industry, cities, and transportation – will drive significant energy savings around the world and help us get closer to the 1.5 degree2 target.

DCS ABB Motion Capital Market Day 3 400

 

“ABB Motion is a key enabler of a low-carbon future. We help our customers and partners to improve energy efficiency and to shift energy consumption from fossil fuel to clean electricity. Because of the ongoing energy transition, our business is more relevant than ever,” said the business area’s President Tarak Mehta.

 

The business expects its market to grow above GDP as new regulations, standards, customer needs and the expectations from societies push industries towards energy efficiency and decarbonization of processes. ABB Motion targets to outgrow its markets by 1.5x and contribute towards ABB Group’s profitability target (Operational EBITA margin of at least 15 percent as from 2023) by:

  • •Continuously focusing on, investing in and maintaining superior customer experience.
  • •Focusing on growth in market segments such as renewable energy, heavy electric vehicles, food and beverage, water management and OEM machinery which also support higher quality of revenues.
  • •Leveraging and continuously investing in the most energy efficient portfolio in the market.
  • •Portfolio management and bolt-on acquisitions in new growth areas.
  • •Pricing and continuous improvement to support better performance.

DCS ABB Motion Capital Market Day 2 400

From a sustainability point-of-view, ABB Motion’s main contribution is to help the world reduce CO2 emissions. ABB Group products, services and solutions sold during 2021 will enable its customers to reduce their GHG emissions by 11.5 megatons after the first year, equal to the emissions from 1.5 million homes in one year.

To create an even bigger positive impact on the environment ABB launched the #energyefficiencymovement, a multi-stakeholder initiative in 2021. The Energy Efficiency Movement’s aim is to raise awareness and initiate action to reduce energy consumption and carbon emissions to combat climate change. Companies are invited to join the movement and make a public commitment as a way of inspiring others to take action. For more information, click here

DCS ABB Motion Capital Market Day 4 400

More information about the Motion Capital Markets Day can be found on the dedicated event website by clicking here

 

Source

 

Related Articles

  • New G2RV-ST And G3RV-ST Relays from Omron

    New G2RV-ST And G3RV-ST Relays from Omron

    Omron’s New G2RV-ST And G3RV-ST Relays Are Among the Fastest in the Industry That Provide Better Visibility, Top-Notch Reliability, and Vibration Resistance January 23, 2023 Speedier relays are a key requirement in today’s fast-paced manufacturing industry, and Omron responded to this need with the new ST relays that are among the fastest available on the… Read More…


Editor’s Pick: Featured Article

Conserving Power and CO2 Emissions with Premium Efficiency Motors

The process of converting electrical energy to mechanical energy is never perfect. As much as we would like to have a 100% efficient motor, it is impossible to build a machine that will take 746 watts of electricity (the equivalent of 1 Hp) and convert it to 1 Hp of mechanical output. It always takes somewhat more than 746 watts to yield 1 Hp’s worth of output.

Motors are continuously being pushed to be more efficient and reduce these losses. Over the years the guiding regulations of motor manufacturing have pushed us to improve efficiencies to new levels to reduce the considerable global power consumption of motors, as they are everywhere. From our factories, utilities and homes and most anywhere you can think of.

How much power consumption aka money are you spending that you do not have to? Take a minute while having your coffee to see if you can save money.

Read More



Latest Articles

  • Energy Technology Perspectives 2023

    Energy Technology Perspectives 2023

    Energy Technology Perspectives 2023 highlights major market and employment opportunities, as well as the emerging risks, for countries racing to lead the clean energy industries of today and tomorrow. The energy world is at the dawn of a new industrial age – the age of clean energy technology manufacturing – that is creating major new markets and millions of jobs but also raising new risks, prompting countries across the globe to devise industrial strategies to secure their place in the new global energy economy, according to a major new IEA report. Read More…

  • Conserving Power and CO2 Emissions with Premium Efficiency Motors

    Conserving Power and CO2 Emissions with Premium Efficiency Motors

    Saving the environment and thousands of dollars a year January 17, 2023 New motor efficiency vs your installed motors Premium efficiency motors. How much power consumption aka money are you spending that you do not have to? Take a minute while having your coffee to see if you can save money. The process of converting… Read More…