ABB is named Frost & Sullivan’s 2017 Company of the Year thanks to its visionary innovation embodied by its distributed control system (DCS) offering and its impact on customer performance.
The award recognizes ABB’s digital leadership, not only when compared to other industrial automation suppliers, but also against non-industry peers. The award highlights how ABB meets customer needs for improved performance in tough market conditions, at a time when process and power industries’ production assets have never been larger or more complex. Frost & Sullivan states that ABB’s penetration and expansion in emerging markets have helped it dominate the DCS market with a 20.5% market share in 2016. It notes that ABB’s two closest competitors hold market shares of 15.2% and 14.5%.
Frost & Sullivan’s market research analysts attribute ABB’s success to its alignment with market Mega Trends and developing industry-specific DCS solutions to address the demands of different end-user market segments, thereby enabling them to create new opportunities and values for their customers.