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Given Singapore's key position as an oil and gas hub in the Asian region, the contribution of the oil and gas business is little surprise.
"We showed we can deliver strong results and that our proposition of industrial energy efficiency and productivity is an important one for the Singapore market," ABB Singapore and region head Haider Rashid said.
"We took important actions in 2012 to build our position and commitment to the vibrant Singapore market as the region becomes an increasingly important one for ABB globally."
The growth in Singapore reflects the results of initiatives put in place over the past two years.
In 2013 ABB also strengthened its service business with the opening of a service centre on Jurong Island to provide services customers located there.
"Looking ahead, the fundamental long-term drivers of our business, such as the need to increase energy and resource efficiency and the growth in renewables all remain intact," Rashid said.
