In the fiscal year of 2017, ABB Group generated around 10.4 billion U.S. dollars in revenue from its Power Grids segment, contributing about 30 percent of the company’s unconsolidated revenue that year. The segment offers products and solutions in the field of power generation, transmission and distribution networks. Furthermore, the Power Grids division continued to lead ABB Group’s order intake. The Swiss firm received orders to the value of about 33.4 billion U.S. dollars in the fiscal year of 2017, and incurred just over 5.6 billion U.S. dollars in selling, general and administrative expenses.
With a market value of around 50 billion U.S. dollars, Zurich-headquartered ABB ranks among the world’s largest conglomerates, trailing only heavyweight conglomerates such as General Electric, United Technologies, 3M, Danaher and Honeywell International of the United States, as well as Germany’s Siemens.