GE: 15 Top Competitors and Alternatives

The General Electric Company (GE) is a global American business based in Boston that was formed in New York State in 1892.

According to the Fortune 500, GE was the 33rd largest firm in the United States by gross sales in 2020.

The corporation operated in areas such as aviation, electricity, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance until 2021, although it has subsequently divested from all except the first four.

Mitsubishi Electric

MELCO (Mitsubishi Electric Firm) is a Tokyo-based Japanese multinational electronics and electrical equipment manufacturer. It was established on January 15, 1921. It is one of Mitsubishi’s main lines of business.

MELCO offers elevators and escalators, high-end household appliances, air conditioning, factory automation systems, railway systems, electric motors, pumps, semiconductors, and many more products.

Mitsubishi Electric is ranked third in the world in terms of the number of patent applications submitted under the PCT System, according to the World Intellectual Property Organization’s annual World Intellectual Property Indicators report for 2021, with 2,661 patent applications filed in 2020.

Schneider Electric

Schneider Electric SE is a global French corporation that specializes in digital automation and energy management.

This technology may be used to homes, buildings, data centers, infrastructure, and industry in addition to combining energy technology, real-time automation, software, and services. Global field services, energy and sustainability services, and smart grid services are examples of service segments.

Energy management equipment supports applications such as medium voltage applications, grid automation, and building automation. It also provides safe power and cooling systems. The firm made $30.4 million in sales in 2021.

Philips

Koninklijke Philips N.V. (Royal Philips in Dutch) is an Eindhoven-based Dutch multinational company founded in 1891.

The corporation was formerly one of the world’s largest electronics companies, but it is now only focused on health technology, having sold its other subsidiaries.

Phillips’ three business areas are Personal Health (previously Philips Consumer Electronics, Philips Domestic Appliances, and Personal Care), Diagnosis & Treatment, and Medical Devices (formerly Philips Medical Systems). According to its annual report, it generated $19.583 billion in revenue in 2022. 

Honeywell

Honeywell International is a diversified technology and manufacturing firm that develops and commercializes solutions for energy, safety, security, productivity, and global urbanization.

It is a publicly-traded American global conglomerate firm based in Charlotte, North Carolina, that was formed in 1906. Aviation, building technologies, performance materials and technologies (PMT), and safety and productivity solutions are among its key markets (SPS).

Honeywell is a Fortune 100 company that will be 94th in 2021. It made USD 34.4 billion in revenue in the fiscal year 2021.

3M

An American multinational company operating in industries such as worker safety, health care, and consumer products, 3M Company (originally Minnesota Mining and Manufacturing Company) was founded in 1851.

Nearly 60,000 commodities are made, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, and so on.

In 2021, 3M had $35.4 billion in total revenues, placing 102 on the Fortune 500 list of the largest companies in the United States by total revenue.

Siemens

Electricity, automation, and digitalization are the focuses of Siemens, a global technology company.

Areas of expertise include process and production automation and digitization, intelligent infrastructure for buildings and distributed energy systems, generation and distribution of traditional and renewable energy, intelligent mobility solutions on rail and road, medical technology and Includes digital health solutions.

Siemens comprises three operating companies (Digital Industry, Smart Infrastructure, Gas and Electricity) as well as three strategic entities (Mobility, Siemens Healthnias, and Siemens Gamesa Renewable Energy).

Hitachi

A Japanese global firm founded in 1910 and headquartered in Tokyo. Hitachi is a diverse firm with activities in social infrastructure, information and telecommunication systems, automotive systems, digital media, construction machinery, and other components and systems.

Hitachi places a great emphasis on research and development, allowing it to release new products on a regular basis. This brand has also been on Forbes’ list of the world’s most popular brands.

Hitachi is a major GE rival because of its global footprint, which includes offices in several regions of the world.

Emerson

Emerson is an American global firm founded in 1890 and located in Missouri, United States. It produces a variety of commercial, industrial, and consumer goods and services.

The firm focuses on the most demanding and intensive difficulties in the industrial, process, residential, and commercial industries across the world. It is well-known for its industrial leadership and innovation all over the world. The corporation operates in around 235 production facilities across the world.

Operations Management Software, Automation & Control Software, Advanced Industry Software, Measurement Instrumentation, and more products are available from the firm.

United Technologies

A leading GE rival founded in 1934 and located in Connecticut, United States, the firm develops and manufactures goods in a wide range of industries, including aerospace systems, elevators, aviation engines, fire and security, HVAC, and industrial items.

It is also a major military contractor, with the US government accounting for around 10% of its income.

United Technologies has a substantial portfolio and a solid financial position. It has a large international presence and hence has clients all over the world.

Northrop Grumman

Northrop Grumman is an American armaments manufacturer that was founded in 1994 and is located in Virginia, USA. The firm was the sixth-largest arms trader in the world in 2015. Around 85,000 individuals work for the firm internationally.

It is a worldwide security firm that offers new systems, products, and solutions in the areas of autonomous systems, space, cyber, C4ISR, and logistics. The firm manufactures military radar systems and sensors as well as aircraft components.

They create and maintain the world’s most technically advanced programs, goods, and services.

Additional Sources