ABB is accelerating its growth strategy in the United States by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation, and distribution operations. ABB is committed to growing in the United States by investing in its electrification and automation businesses that meet increased demand from industry-leading customers, while supporting the clean energy transition and the trend towards reshoring of production. This commitment is highlighted by pouring of the concrete foundations for a greenfield drives and services facility in New Berlin, Wisconsin. The United States is ABB’s largest market, comprising 24 percent of the company’s annual revenue.
“The United States is critical to ABB’s success as a market that will continue to grow and benefit from our product portfolio that enables the transition to a more energy-efficient future,” says Björn Rosengren, CEO of ABB. “Currently, 85 percent of ABB’s sales in the United States are from products produced locally, which provides customers with a more secure supply chain and keeps good-paying manufacturing jobs in America.”
ABB technology touches every sector of the economy, from transportation to utilities to buildings. Recently passed legislation like the Inflation Reduction Act, CHIPS Act, and Infrastructure Investment and Jobs Act, gives ABB confidence to invest in manufacturing capacity, distribution systems and technology innovation to bring products and services closer to customers.
The U.S. federal government projects real gross domestic product to increase 2.5 percent in 2023, average 2 percent annual growth between 2024-2028, and grow 2.3 percent per year during 2029-2032. This projected GDP growth, combined with an estimated global EV infrastructure investment of more than $1 trillion by 2040, gives ABB the confidence to continue investing. ABB projects 25 percent of global EV infrastructure investment will take place in the United States.
Since 2010, ABB has invested $14 billion in U.S. plant expansions, operational improvements, state-of-the-art equipment, products, and people, making it the company’s largest market. With approximately 20,000 employees in more than 40 manufacturing and distribution facilities, ABB is investing, growing, and serving customers across America through industries that create jobs, encourage innovation and achieve a more productive, sustainable future.