GE (General Electric) is a multinational conglomerate that operates in various industries such as aviation, healthcare, energy, and more. GE specializes in developing and manufacturing a wide range of products, from consumer products to industrial equipment.
Founded in 1892 by Thomas Edison as the Edison General Electric Company
Merged with the Thomson-Houston Electric Company to become General Electric Company (GE) in 1896
Became one of the largest and most successful companies in the world throughout the 20th century
In recent decades, the company has undergone significant restructuring and divestitures to focus on core businesses
Siemens is a German multinational conglomerate that operates in various industries, such as energy, healthcare, and digitalization. Siemens is one of the largest industrial manufacturing companies in Europe and one of the leading competitors of GE.
Honeywell International is an American multinational conglomerate that operates in various industries, such as aerospace, building technologies, and performance materials. With a strong presence in the US and other countries, Honeywell International is a major competitor of GE.
ABB (Asea Brown Boveri) is a Swiss-Swedish multinational corporation that operates mainly in robotics, power, heavy electrical equipment, and automation technology. ABB is a major global competitor of GE, especially in the power and automation industries.
GE Appliances offer a range of consumer products, including refrigerators, ovens, washing machines, and more.
GE Power specializes in power generation and energy delivery technologies, including gas turbines, generators, and more.
GE Aviation is a leading provider of commercial and military aircraft engines, components, and systems.
GE Healthcare provides medical technologies and services, including imaging, monitoring, and diagnostics.
GE Digital offers software and analytics solutions to help businesses optimize their operations and improve productivity.
GE is known for its wide range of products across various industries such as healthcare, energy, aviation, and more. Its consumer products include home appliances and lighting, while its industrial products include gas turbines, generators, and medical equipment.
GE has undergone significant restructuring and divestitures in recent years to focus on core businesses. While the company has faced challenges, it still remains a major multinational conglomerate with a strong presence in various industries.
GE owns various brands under its umbrella, including GE Appliances, GE Lighting, and GE Healthcare. It also has partnerships with other companies in certain industries, such as Baker Hughes in the oil and gas industry.
GE has faced financial challenges in recent years and has undergone significant restructuring and divestitures to improve its financial position. In 2020, the company reported total revenue of $79.6 billion and a net loss of $5.9 billion.
GE Digital is a business unit of GE that specializes in software and analytics solutions to help businesses optimize their operations and improve productivity. Its offerings include asset performance management, supply chain optimization, and more.