In this Research Note, we examine the Smart Buildings business of ABB, based on their February 2024 Factsheet and building automation portfolio, acquisitions, divestments and investments throughout 2023. This article updates our 2022 Examined article published in March 2023 and the Capital Markets Day update for Smart Buildings in December 2023. The Smart Buildings division, part of the $14.6 billion Electrification segment of ABB, reported revenues in the range of $2,750 to $3,250 million for 2023. The division provides electrical distribution products such as wiring devices, miniature breakers, distribution enclosures and DIN-Rail products with building automation, one of four business areas. Memoori expects that Smart Buildings revenue in 2023 was adversely impacted by its exposure to the residential market. ABB Building Automation Portfolio ABB’s 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 ABB’s Aspect IBMS (Integrated Building Management […]