ABB LTD in Automotive Relay

ABB has a wide presence across the globe with 320 subsidiaries in 100 countries. The company has a strong presence in developed as well as in developing countries. Revenue of the company decreased 5% in 2016 as compared to 2015. The company has observed 7% decline in the electrification products segment from 2015 to 2016. The decline is observed in all segments owing to macroeconomic factors and geopolitical challenges in major markets. Hence the weakening of market conditions impact the company’s business segment revenues significantly.