According to relevant data, the scale of China’s industrial control market has exceeded 100 billion yuan in 2024, and is expected to maintain rapid growth in the next few years.

The rapid growth of this market has not only attracted a large number of domestic enterprises to enter, but also attracted the attention of some international industrial control enterprises.

Compared with our country, the development of foreign industrial control market is more mature. In the international industrial control enterprises, such as Siemens in Germany, Schneider in France and Emerson in the United States, its technology and brand influence have been widely recognized by the market.

These international industrial control enterprises also have richer experience in product research and development, technological innovation and global layout.

Recently, as enterprises gradually enter the period of stable and rapid development of industry 4.0, Xiaobian has made 13 foreign listed industrial control enterprises financial information, so that we can in-depth understand the financial situation of these influential enterprises in the global industrial control field, the details are as follows:

As the top two companies by revenue in the first three quarters,

Siemens and GE update:

Siemens’ revenue in the 2023 fiscal year (October 1, 2022-September 30, 2023) reached 77.8 billion euros, an increase of 11%. Net income for the period was 8.5 billion euros, an increase of about 93 percent. Profits from its physical operations were 11.4 billion euros, up 10.7% from a year earlier.

Among them, digital industry, intelligent infrastructure, transportation and medical businesses contributed 4.95 billion euros, 3.07 billion euros, 880 million euros and 2.53 billion euros, respectively.

According to GE’s earnings data for the first quarter of 2023, the company’s total revenue was $7.4 billion, an increase of 1% over the same period last year. Net income was $684 million, up 18% from a year earlier.

This was driven by growth in its aviation, medical and energy businesses.

In the earnings report, GE highlighted its investments and business growth in the energy transition, including its renewable energy, energy storage and smart grid solutions. Its aviation and medical businesses also continue to grow.

While GE showed some growth in its earnings report, it still faces some challenges, including weak performance in its power generation business and investor questions about its portfolio of assets.

In addition, GE has divested some assets over the past few years to reduce its debt load and improve capital efficiency.

Siemens and GE profit margins soar

Siemens has deep business experience and expertise in multiple fields, including digital industry, intelligent infrastructure, transportation, healthcare, etc. Growth in these business areas drove the company’s overall revenue and profit growth.