ABB CEO: Electrification, Automation Drive Growth Beyond 2050; India Key Market
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CNBC TV18•21-01-2026, 16:37
ABB CEO: Electrification, Automation Drive Growth Beyond 2050; India Key Market
- •ABB CEO Morten Wierod states electrification and automation are long-term growth drivers, not short-term cycles, extending beyond 2050.
- •The company enters 2026 with its largest-ever order book, fueled by sustained demand for sustainable and productive solutions.
- •Wierod highlights India's steel industry as an example, where companies adopt electric arc furnaces for cost efficiency, competitiveness, and emission reduction.
- •ABB focuses on what it can control amidst global uncertainties, emphasizing that 'new normal' requires continuous action rather than waiting for calm.
- •The CEO confirms ABB's strong confidence in 2026, with India expected to play a significant role in global revenue growth before 2030.
Why It Matters: ABB sees electrification and automation as multi-decade growth drivers, with India's industrial shift as a prime example.
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