HOW IS ABB EMBRACING GREEN TECH INVESTING ? if they want to stand the test of time . The most successful companies – not just in sustainability – are the ones staying at least one step ahead .
“ We have to quickly become able to do more with less and to manage the complexities through next-gen people in new roles , using AI and other technologies ,” explains Pier .
“ Data is incredibly important : data coming from the machinery inside the plants and from the surrounding market , price data , environmental data for meteorological forecasts and much more . We need to be able to catch and interpret all this data , clean it and apply an algorithm on top of it .”
ABB reports that the global electrical enclosure market size is projected to grow from US $ 7.4bn in 2024 to US $ 13.2bn by 2032 due to increasing demand for new buildings , the modernisation of existing buildings with more efficient and reliable electrical systems and advances in electrical distribution .
To meet the growing demand for safe , smart and sustainable electrification solutions in Europe , ABB has opened a new € 20 million ( US $ 21m ) injection moulding manufacturing site . As well as producing power distribution enclosures which serve as protective housings for electrical distribution components and ensure the safe distribution , metering and control of electricity throughout residential , commercial and industrial buildings , the site supports ABB customers looking to stay a step ahead of regulatory developments .
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