Top Siemens Competitors & Similar Companies
Incorporated in Germany, Siemens is a technology company with business divisions in various segments like Power and gas; Wind power and Renewables; Mobility; digital Factory; Energy Management and Healthcare. It was founded in 1847 and is named after its founder Werner von Siemens who was a great inventor and a visionary. Its headquarter is in Munich, Germany.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Quick Glance:
Below we look at the top 11 competitors of Siemens.
1. Samsung:
Samsung is a South Korean company founded by Byung-Chull Lee in 1938. The company started as a trading company and gradually became a multinational conglomerate through many acquisitions and mergers. Samsung Electronics Industry Co Ltd was established in 1969.
2. GE:
General Electric, regularly contracted as GE, is an American multinational aggregate organization fused in New York, and headquartered in Boston, Massachusetts. This American organization is a multinational conglomerate and had its central command base in Fairfield, Connecticut. The organization works through the given segments, Oil and Gas, Power and Water, Aviation, Transportation Healthcare and Capital which take into account the requirements of Financial administrations, Medical gadgets, Life Sciences, Pharmaceutical, Automotive, Software Development and Engineering industries.
3. Hitachi:
Hitachi Ltd which is headquartered in Tokyo, Japan is multinational conglomerate. Hitachi group is the parent company and also interconnected with DKB group of companies. It is highly diversified and operates in eleven business segments such as information and telecommunication systems, digital media, consumer products, power systems, financial systems and many more.
4. IBM:
International Business Machines Corporation called IBM is a multinational organization based in America and specializes in innovation technological solutions. Based in Armonk, New York, United States, IBM is operating in more than 150 countries. Starting off in 1911 as the Computing-Tabulating-Recording Company (CTR) and renaming to "Worldwide Business Machines" in 1924.
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5. Bosch:
Bosch is a German engineering and electronics company located in Germany. It was founded in November 1886. Bosch has more than 300,000 employees and it annual revenue is more than 70 billion euros.
6. ABB:
ABB is one of the largest engineering companies headquartered in Zurich, Switzerland. It mainly operates in power and technology areas. It operates in around 100 countries globally and employs around 140000 employees.
7. Schneider Electric:
Schneider Electric is a Fortune 500 listed company and one of the leading players in manufacturing of electrical components. It has an expertise in providing solutions for energy management and industrial automation of the large processes. Additionally, being a part of COP21 Schneider Electric aims at providing sustainable technical solutions with the aim of minimizing the carbon emissions and achieve its commitment by the year 2030.
8. Emerson Electric:
Emerson Electric is one of the biggest competitors of Siemens.
9. Honeywell:
Honeywell International Inc is an American multinational conglomerate. It produces a diverse range of commercial and consumer products. The company offers aerospace products, consumer home, personal safety and vehicle products among many others.
10. Alstom:
Alstom is one of the biggest competitors of Siemens.
11. BHEL:
Bharat Heavy Electricals Limited (BHEL) was incorporated in 1964 and has been the backbone of India’s heavy equipment industry ever since. It is one of India’s largest engineering and manufacturing company. Its 100+ products offering meet the needs of several sectors of the economy such as Power, Oil and Gas, Water and Defense, Renewable Energy.
To conclude, the above article highlights the various competitors which compete with Siemens. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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