ZURICH, (Reuters) – ABB aims at increasing sales of its motion business 50 percent faster than overall electric motors market. The Swiss engineering company announced this Tuesday in advance of the Division’s investor day.

Motors and drives manufacturer, the business is aiming for faster growth through offering variable speed drives to save energy.

ABB reported that 23% of the global 300 million electrical motors are equipped with variable speed drives. This is a better option for the environment and consumes less energy.