Flywheels

The global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to 2024

Retrieved on: 
Monday, August 12, 2019
Companies, Economic sectors, CAC 40, ABB Group, Electric vehicle industry, Flywheels, CG Power and Industrial Solutions, Schneider Electric, Electric power transmission, Mitsubishi Electric, Diesel–electric transmission

The global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to 2024.

Key Points: 
  • The global electric transmission and distribution equipment market is expected to reach an estimated $324 billion by 2024 with a CAGR of 5% from 2019 to 2024.
  • The study includes the electric transmission and distribution equipment market size and forecast for the global electric transmission and distribution equipment market through 2024, segmented by product type, voltage, end use industry, and region as follows:
    Some of the electric transmission and distribution equipment companies profiled in this report include ABB, Siemens AG, Mitsubishi Electric Corp., Schneider Electric, General Electric, Xian XD Switchgear Electric, and Crompton Greaves and others.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of electric transmission and distribution equipment in the global electric transmission and distribution equipment market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of electric transmission and distribution equipment in the global electric transmission and distribution equipment market.

ABB Names Björn Rosengren as CEO

Retrieved on: 
Sunday, August 11, 2019
Software, Technology, Hardware, Companies, ABB Group, Electric vehicle industry, Flywheels, Peter Voser, Voser

He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020.

Key Points: 
  • He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020.
  • Bjrn Rosengren (60), a Swedish citizen, is a highly experienced, international executive and leader of industrial businesses.
  • The Board is pleased that Bjrn Rosengren will be taking the lead at ABB, bringing with him a proven track record of value creation and exactly the managerial skills ABB needs during the next stage of its transformation, said ABB Chairman and current CEO, Peter Voser.
  • CEO-designate, Bjrn Rosengren, said: I am honored to have the opportunity to join ABB, a truly global technology leader, after I have completed my current commitments.

Shore Power Market - Global Forecast to 2024: Opportunities in Increasing LNG Hybrid Power Barge Solutions

Retrieved on: 
Friday, August 9, 2019
Companies, Industries, Electrical engineering, Power electronics, ABB Group, Electric vehicle industry, Flywheels, Siemens, Cruise ship, Shorepower, Maritime transport

The shore power market is estimated to be valued at USD 1.4 billion in 2019 and is projected to reach USD2.7 billion by 2024, at a CAGR of 13.3% during the forecast period.

Key Points: 
  • The shore power market is estimated to be valued at USD 1.4 billion in 2019 and is projected to reach USD2.7 billion by 2024, at a CAGR of 13.3% during the forecast period.
  • The factors driving the market include growing implementation of shore power for reducing low-frequency noise and emissions at ports, increasing number of cruise liners in the shipping industry, and rising installation of retrofit shore power systems.
  • This helps the shipping company to control its carbon footprint and simultaneously reduce the operational cost as shore power is cheaper than diesel-based generators.
  • The major players in the shore power market are ABB, Schneider Electric, Siemens, Cavotec, and Wartsila.

Global Electrical Digital Twin 2019-2024: Opportunities in Growing Impact of Machine Learning and AI on Digital Twin Applications with Siemens,, GE, ABB, Emerson, and AVEVA Dominating

Retrieved on: 
Monday, July 29, 2019
Companies, Industries, ABB Group, Electric vehicle industry, Flywheels, Siemens, Digital twin, General Electric, Aveva

However, limited support for implementation from stakeholders and lack of skilled talent and workforce are hindering the growth of the electrical digital twin market.

Key Points: 
  • However, limited support for implementation from stakeholders and lack of skilled talent and workforce are hindering the growth of the electrical digital twin market.
  • The North American region is expected to be the largest electrical digital twin market by 2024.
  • The global electrical digital twin market is dominated by a few major players that have a wide regional presence.
  • The leading players in the electrical digital twin market are Siemens (Germany), GE (US), ABB (Switzerland), Emerson (US), and AVEVA (UK).

Global Refining Industry Automation & Software Market, 2019 to 2024 - Key Players are Honeywell Process Solutions, ABB, Siemens, Emerson Process Management, Aspen Technology, and Schneider Electric

Retrieved on: 
Monday, July 22, 2019
Companies, Economic sectors, ABB Group, Electric vehicle industry, Flywheels, Siemens, Honeywell, Automation, Schneider Electric, Werum IT Solutions

The refining industry automation and software market is expected to register a CAGR of over 3% during the forecast period 2019-2024.

Key Points: 
  • The refining industry automation and software market is expected to register a CAGR of over 3% during the forecast period 2019-2024.
  • Growth in manufacturing and energy market is also fuelling global refining industry automation and software market.
  • However, high Investment cost and set up cost is hindering the growth of the refining industry automation and software market.
  • Some of the key players include Honeywell Process Solutions, ABB Limited, Siemens AG, Emerson Process Management, Aspen Technology, Schneider Electric, among others.

Dover Fueling Solutions Announces Cooperation with ABB for Electric Vehicle Charging

Retrieved on: 
Wednesday, July 17, 2019
Companies, Charging stations, Electric vehicle industry, Electric vehicles, ABB Group, Flywheels, Electrical engineering, Electric car, Electric vehicle, Electric vehicle industry in India, CHAdeMO

ABB is a global leader in electric vehicle charging infrastructure, having sold more than 11,000 DC fast chargers across 76 countries.

Key Points: 
  • ABB is a global leader in electric vehicle charging infrastructure, having sold more than 11,000 DC fast chargers across 76 countries.
  • With a comprehensive charging portfolio, ABB offers solutions that fit seamlessly with the majority of fuel retail sites.
  • ABB offers the full range of charging solutions for electric cars, electric and hybrid buses as well as electrification solutions for ships and railways.
  • Fortune Magazine recently ranked ABB #8 on its list of companies that are "changing the world" for the advances it has made in e-mobility and electric vehicle charging.

ABB to Exit Solar Inverter Business

Retrieved on: 
Tuesday, July 9, 2019
Environment, Technology, Utilities, Alternative energy, Networks, Energy, Electronic design automation, Companies, Electrical engineering, ABB Group, Electric vehicle industry, Flywheels, Electromagnetism, Inverters, Abbs, Power inverter, Photovoltaics

ABB and the Italian company FIMER S.p.A announced today that they have signed an agreement for FIMER to acquire ABBs solar inverter business.

Key Points: 
  • ABB and the Italian company FIMER S.p.A announced today that they have signed an agreement for FIMER to acquire ABBs solar inverter business.
  • The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio on other growth markets.
  • It includes the solar inverter business from Power-One which was acquired by ABBs Discrete Automation and Motion division in 2013.
  • Solar is a well-established and key focus for FIMER and as such we believe them to be a very good owner for ABBs solar inverter business.

Increasing Demand for Unmanned Aerial Vehicles (UAVs) is Anticipated to Fuel the Growth of Gyroscope Market During 2019-2025 - IndustryARC

Retrieved on: 
Thursday, June 27, 2019
Emerging technologies, Technology, Robotics, Articles, Flywheels, Gyroscope, Aerospace, Electric vehicle, Unmanned aerial vehicle, Unmanned vehicle

The market is analyzed to be driven by the buoying adoption of unmanned aerial vehicles for various defense and commercial applications.

Key Points: 
  • The market is analyzed to be driven by the buoying adoption of unmanned aerial vehicles for various defense and commercial applications.
  • This coupled with rising investments in the aerospace and defense sector, will continue to create demand for the gyroscope market in the coming future.
  • North America contributed a major market share in the global gyroscope market, accounting for nearly 40% in 2018.
  • Furthermore, shifting demand towards autonomous vehicles will boost growth of the electric vehicles market.

Increasing Demand for Unmanned Aerial Vehicles (UAVs) is Anticipated to Fuel the Growth of Gyroscope Market During 2019-2025 - IndustryARC

Retrieved on: 
Thursday, June 27, 2019
Emerging technologies, Technology, Robotics, Articles, Flywheels, Gyroscope, Aerospace, Electric vehicle, Unmanned aerial vehicle, Unmanned vehicle

The market is analyzed to be driven by the buoying adoption of unmanned aerial vehicles for various defense and commercial applications.

Key Points: 
  • The market is analyzed to be driven by the buoying adoption of unmanned aerial vehicles for various defense and commercial applications.
  • This coupled with rising investments in the aerospace and defense sector, will continue to create demand for the gyroscope market in the coming future.
  • North America contributed a major market share in the global gyroscope market, accounting for nearly 40% in 2018.
  • Furthermore, shifting demand towards autonomous vehicles will boost growth of the electric vehicles market.

Berkshire Grey Garners “Most Innovative Solutions” Award for Robotic Picking and Fulfillment Systems.

Retrieved on: 
Wednesday, June 19, 2019
Technology, Electronic design automation, Software, Other Technology, Companies, ABB Group, Electric vehicle industry, Flywheels, Robotics, Industrial robot, Business

Today, Berkshire Grey announced that it is the recipient of ABB Robotics Most Innovative Solutions Award.

Key Points: 
  • Today, Berkshire Grey announced that it is the recipient of ABB Robotics Most Innovative Solutions Award.
  • Sami Atiya, President of ABBs Robotics & Discrete Automation business, presented the award in recognition of Berkshire Greys portfolio of solutions built around robotic item-level picking and placing for retail, eCommerce, and omni-channel order fulfillment.
  • We at ABB Robotics applaud Berkshire Grey for their innovative use of industrial robotics and are pleased to recognize their accomplishments with our 2019 Most Innovative Solutions Award, said Joe Chudy, US General Manager, ABB Robotics.
  • Retail distribution, eCommerce fulfillment, and logistics operations are ripe for robotic automation, and the solutions Berkshire Grey has created to solve the order picking challenges in these domains are at the forefront of this exciting new wave of robotic applications.