In this Research Note, we examine the Smart Buildings business of ABB, based on their 2022 results, Factsheet and building technology-related acquisitions and partnerships throughout 2022. The Smart Buildings division, one of 6 business units of the $14.1 billion Electrification segment of ABB, reported revenues in the range of $2,750 to $3,250 million for 2022. The division is primarily focused on electrical distribution products such as wiring devices and miniature breakers and claims to be #1-2 in distribution enclosures and DIN-Rail products. The secondary focus of the division is on home and building automation solutions. ABB views its Smart Buildings division as a high-growth segment with a focus on expanding its portfolio for commercial buildings through innovation with digital building management systems and bolt-on acquisitions. Their portfolio of building and energy management systems includes Cylon’s Active Energy solution, rebranded to ABB Ability Building Ecosystem, i-bus KNX intelligent building control systems and their Aspect IBMS (Integrated Building […]