With electric vehicles gaining in popularity, the demand for
charging solutions is also soaring. Switzerland based,
) has been offering fast charging solutions to the globe. ABB's
latest Terra SmartConnect is a step further in the process.
Terra SmartConnect is a member of ABB's established Terra
charging solutions family. The Terra SmartConnect, which will be
available in the North American markets in the second quarter
2013, will be useful for fast charging of electric vehicles in
The efficiency of the Terra SmartConnect can be ascertained by
the fact that it can charge 30% to 80% battery of the currently
available electric vehicles in less than half an hour. Another
important fact about the Terra SmartConnect is that it can
integrate well with the existing alternating current (AC)
networks, thereby reducing infrastructure costs.
Apart from being cost effective, the Terra SmartConnect is
equipped with outdoor-rated steel housing, an eight-inch touch
screen user interface and all the features of ABB Terra products.
The new product is also equipped with an ultra-thin design and
simple floor and wall-mount connections, making its installation
ABB has been successfully tapping the growth potential of the
charging industry, with the establishment of the first
fast-charging station in the Netherlands in May 2010. Early this
year, ABB also set up the world's first DC charging
infrastructure with a network of 170 fast chargers throughout
ABB expects this fast growing industry to reach roughly $1.0
billion by 2017 and $4.0 billion by 2020. We expect ABB to
continue to gain market share in the future.
ABB, a global leader in power and automation technologies,
currently carries a Zacks Rank #3 (Hold). Other stocks worth a
look in the industrial electrical equipment industry are
Capstone Turbine Corp.
Emerson Electric Co.
Franklin Electric Co. Inc.
); each carrying a Zacks Rank #2 (Buy).
ABB LTD-ADR (ABB): Free Stock Analysis Report
CAPSTONE TURBIN (CPST): Free Stock Analysis
EMERSON ELEC CO (EMR): Free Stock Analysis
FRANKLIN ELEC (FELE): Free Stock Analysis
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