The Story Behind Siemens: An Unrivaled Global Powerhouse

By: | November 21st, 2014

Siemens factory of the future

Siemens factory of the future. (Image Courtesy

Siemens Global Market Cap $114 Billion

Siemens Global, headquartered in Munich, Bavaria, Germany, may have a market cap just 45% of General Electric’s (GE), but it hasn’t been as focused on market cap as American companies. Siemens also got a later start in building its financial unit accounting for much of the difference in profitability and market value between the two companies. In the end analysis, Siemens is a worth competitor and gets its fair share of wins in the global marketplace.

Siemens is the number two conglomerate in the world, employing 360,000, and has been competing for decades in critical multinational markets while leading the world in medical imaging, laboratory diagnostics, healthcare information technology, the prevention, early detection, diagnosis and treatment of disease among other sectors.

Siemens’ market cap, now at $114 billion, is followed by conglomerates United Technologies at $108 billion, 3M at $89 billion, Honeywell International at $73 billion and ABB at $60 billion.

Siemens’ Main Lines Of Business

Siemens main businesses include:

  • Power and Gas – providing world-class products and solutions for oil and gas, power and industrial markets
  • Wind Power and Renewables – providing reliable, environmentally friendly and cost efficient renewable energy solutions and driving down the cost of renewable energy
  • Power Generation Services – in the wind, utility, oil and gas and industrial processing industries that deliver reliable and optimal performance of rotating power equipment
  • Energy Management – supplying products, systems, solutions and services for the efficient and intelligent transmission, and distribution of electrical power grid, smart grid solutions and high-voltage transmission technology
  • Building Technologies – design and building of safe, energy efficient and environmentally friendly buildings and infrastructure and partner, consultant, service provider, system integrator and product supplier for fire protection, security, building automation, heating, ventilation, air conditioning and energy management.
  • Mobility – transportation of people and goods by rail and roads, including all products, solutions and services
  • Digital Factory – providing a wide range of integrated hardware, software and technology-based services to help manufacturing companies worldwide in improving manufacturing processes and reducing time-to-market of products.
  • Process Industries and Drives – increasing productivity and improving time to market
  • Financial Services – business to business financial solutions, investments, structured financing, leasing and equipment finance
  • Healthcare – helping the world’s population lead healthier lives through new medical technologies.

The following video is a history of some of the major questions asked by Siemens during its illustrious history:

Siemens Global Mission Statement

Siemens’ mission statement:

  • Responsible: Committed to ethical and responsible actions with respect to legal and ethical standards
  • Excellent: Achieving high performance and excellent results from ambitious targets derived from vision and verified by benchmarks
  • Innovative: Being innovative to create sustainable value. Siemens success comes from a combination of its research and development (R&D( activities, business strategy and inherent trendsetter lineage.

The following video “More Than Just Business” is an inspiring look inside Siemens and answers the question: What does the future need?

The following graphic shows the ways in which Siemens’ products and services are integrated into a manufacturer’s product development and production process, with Siemens typical comprehensive and complete solutions.

Siemens Integration

Siemens Integration

References and related links:

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David Russell Schilling

David enjoys writing about high technology and its potential to make life better for all who inhabit planet earth.

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