SIEMENS: 10 Top Competitors and Alternatives

Siemens is a German multinational company that operates in various countries as a conglomerate. It is Europe’s largest manufacturing and engineering firm, with its headquarters in Munich and offices across the globe.

The corporation’s key segments are Manufacturing, Power, Medicine, Infrastructure, and Cities, which reflect the company’s core activities. 

3 M 

Like Siemens, 3M is also an America-based conglomerate operating in multiple countries. With the slogan “Science. Applying to live’, the company was established in 1902.

The company was established by five individuals: Henry Bryan, John Dwan, Herman Cable, Danley Budd as well as William McGonagle.

The administrative operations of the company are handled by its CEO Mike Roman. According to the recent statistical data from renowned organizations, 3M is growing exponentially. 3 M’s brand value has increased from 3.6 billion us dollars in 2010 to 9.7 billion dollars in 2021. It is estimated to rise with the same growth rate. 

Alstom

Alstom is a French multinational corporation that operates in the field of passenger transportation, including signals for locomotives and power plants. Alstrom is known for its high quality technologically advanced products. Some of these products are Eurostar and the modern Pendolino speed trains.

Alstom was established in 1928. It has its headquarters in saint-ouen-Sur-seine, located in France. Patrick Kron is the CEO of Alstom. The value of the brand is 8785 million euros. 

Hitachi 

Hitachi is a Japanese multinational conglomerate company headquartered in Tokyo which operates in various sectors, including Information Technology High Commission materials, consumer durable construction equipment, and healthcare.

Like Siemens, Hitachi also focuses on energy resources, nuclear power, power grid, wind turbines, and energy generation systems.

Namihei Odaira is the founder of Hitachi. The company’s operations and other executive works are handled by the chief executive officer of Hitachi – Toshiaki Higashihara. Hitachi is ranked number 38 on the Fortune 500 list, with revenue of $78.85 billion in 2020. 

ABB

The name was initially known as ABB of ASEA Brown Boveri. It is a global brand located in Zurich, Switzerland. It was established in 1988 and specialized in robotic systems, heavy electrical components, electricity, and automation. ABB earned $26.1 billion in 2020, dropping from $28 billion in 2019.

ABB is presently on a “goal to zero,” intending to achieve a sustainable green power shift via digitized energy conservation. “Creating the vision of secure, sensible, and socially responsible electricity production,” as the statement of the vision of the company states.

Schneider Electric

Schneider Electric is a company operating in numerous nations. Providing energy and digital automation solutions is the identity work of this company and also for efficiency and sustainability. The foundation of Schneider Electric was laid in 1836, and the company is a subsidiary of Square D and Pelco. 

It has about 20000 active patents. Adolphe Schneider and Eugene Schneider are the founders of Schneider Electric.

Schneider Electric has Jean-Pascal Tricoire as its chief executive officer handling all the executive actions. The brand value of Schneider Electric is 25.2 billion euros.

General Electric

General Electric is an American multinational company, and its headquarters is located in Boston, Massachusetts. This company was founded in 1892 in New York, famous for its sustainable power generation, aviation solutions, and healthcare products. 

Thomas Edison, Charlie Coffin, and J P Morgan are the founders of General Electrics. the head of General Electric is Lawrence Calp. The brand value of this company is 79 billion dollars.

Philips

Philips started its company with its first product, the light bulb. The company’s foundation was established in 1891 and operated successfully in over 100 countries. The value of the brand of the business is around 12 billion dollars. Gerard and Anton Philips are the founders of Philips Company.

Nokia 

Nokia is a big industry that has been conducting its operations for the past 150 years. It was founded in 1865 as a Finnish international information and connectivity management and home entertainment corporation. 

Nokia’s headquarters are located in Espoo, Finland. The famous trio of Fredrik Idestam, Leo Mechelin, and Eduard Polon laid the company’s foundation. As of 2021, the company is said to have generated 22.202 billion dollars. Pekka Lundmark handles the administrative operations of the company. 

Johnsons Control 

Johnson Controls is a more than a century-old Milwaukee-based corporation. It generates approximately $30 billion in yearly revenue. The revenue is generated by developing technologies and solutions that improve the cognition of structures. 

As the name suggests, Johnson’s Control’s foundation was laid by William Johnsons. The administrative operations of the Johnsons Control are handled by its Chief executive officer, George Oliver. 

Rockwell Automation 

It was founded initially with an investment of $1000. The Rockwell automation was founded by the mega duet Lynde Bradley and Dr. Stanton Allen. Allen Bradley, FactoryTalk technology, and Life cycle IQ Solutions are among the products of Rockwell Automation. It is an American automated manufacturing company. 

Rockwell Automation is based in Milwaukee, Wisconsin. The Fortune global 500 business announced $7 billion in revenues for the fiscal year 2021.

Rockwell was listed among the first five firms in the Leadership Environment Oriented Corporations category in Barron’s 100 Most Efficient Company in the world in 2021.

Conclusion 

Despite having so many competitors, Siemens is growing exponentially. The credit for its growth can be given to all the employees, high-level officers, and hardworking founders. They initially started the company and converted lives into productive lives.

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