General Electric Statistics: A financial and industrial corporation. Aircraft engines and helicopters, steam and gas turbines, financial services, and industrial equipment are among the services and products offered by the company. Power generation, industrial, and medical imaging products are also served. It provides insurance and financial solutions.
The Healthcare sector provides critical healthcare technologies to developing and emerging markets. It is knowledgeable about medical imaging and digital solutions for patient monitoring, diagnostics, drug discovery, and performance enhancement. The majority of the company’s products and services are sold to hospitals and medical centers worldwide. Onshore and offshore wind, blade manufacturing, and grid solutions are included in their renewable energy portfolio. Hydro, storage, hybrid renewables, and digital services are also available. For power generation customers, as well as government and industrial customers, the Power segment offers products and services related to energy production.
Its products generate electricity using natural resources such as oil, gasoline, fossil fuels, diesel, nuclear power, and nuclear power. Gas and steam turbines are included as a total balance of plant, service, and upgrade solutions. This company was founded in 1878 by Thomas Alva Edison. The company’s headquarters are in Boston, Massachusetts.
General Electric Co. at a Glance:
- Company founded in 1878
- The headquarters are located in Boston, Massachusetts, United States.
- Worldwide, there are more than 1,68,000 employees.
- The company serves customers in more than 170 countries.
- It operates 82 manufacturing plants in 28 states in the US and Puerto Rico, and 149 manufacturing plants in 34 other countries.
Business Segments:
Aviation: (Commercial Engines and Services, Military, Systems & Other)
Healthcare: (Healthcare Systems, Pharmaceutical Diagnostics, Biopharma)
Renewable Energy: (Onshore Wind, Grid Solutions Equipment and Services, Hydro Solutions, Offshore Wind, Hybrid Solutions)
Power: (Gas Power, Steam Power, Power Conversion, Nuclear and other)
Statistics
General Electric: Number of Employees 2012-2021
The annual number of employees at General Electric fluctuated slightly between 2012 and 2021. In 2021, General Electric employed around 168,000 people worldwide.
General Electric: Revenue by Segment 2021
The revenue, which was around 74.2 billion US dollars in the fiscal year 2021, down from 75.9 billion US dollars the year before, was primarily driven by aviation and healthcare. General Electric was a top company in Massachusetts in 2019.
General Electric: Total Assets by Segment 2021
In the fiscal year 2021, Total assets were divided into five segments. The company’s aviation segment had assets worth approximately 38 billion dollars. Furthermore, in that same year, General Electric had nearly $25 billion in healthcare assets.
General Electric – Revenue 2015-2021
Despite the last two years, General Electric’s revenue has remained stable over the period. Total revenue fell to 74.2 billion dollars in 2021 as a result of the coronavirus pandemic.
General Electric: Revenue by Region 2021
The fiscal year 2021 saw its revenue divided into five regions, where equipment and services were sold. General Electric’s revenue in the United States in that year was approximately 33 billion U.S. Dollars. The European market, which is close to 15 billion U.S. Dollars, is GE’s largest outside the U.S.
General Electric: Market Cap. 2012-2021
The market value of General Electrics has fluctuated dramatically over the past 20 years due to fluctuations in business performance and financial bubbles. The total market cap of General Electrics has seen a decline in value since 2016, bringing it down to 58.9 Billion U.S. Dollars in 2020. The market capitalization will more than double to 116.5 billion U.S. Dollars in 2021.
Recent Developments:
The year 2022:
- Contracts/Agreements; In February, GE Gas Power and EQT Corp, Equinor, Marathon Petroleum, Mitsubishi Power, Shell Polymers, and US Steel entered into a partnership to decarbonize the industrial base in the Northern Appalachian region of the US.
- Contracts/Agreements; In February, GE agreed to sell the nuclear power activities to Electricite de France.
- Contracts/Agreements; In May, GE and Current Lighting Solutions signed a collaboration and agreement on small-size Potassium Fluorosilicate phosphor for Micro LED and Mini LED applications.
The year 2021:
- Contracts/Agreements; In February, GE announced to partner with Toshiba Corp to jointly produce wind power equipment.
- Contracts/Agreements; In January, General Electric selected Mint Turbines to provide T700 licensed maintenance and repair.
- Acquisitions/Mergers/Takeovers; In November, General Electric merged its GE Capital Aviation Services business with AerCap Holdings NV for US$30 billion.
- Contracts/Agreements; In February, GE announced to partner with Kapita to provide training for the launch of the Iraqi Microbusinesses initiative.
- Contracts/Agreements; In January, GE secured a contract from Capital Energy to deliver 39 megawatts of wind turbines for its first Andalusian wind farm, Loma de Los Pinos.
- Contracts/Agreements; In April, GE’s subsidiary GE Digital and Lines Areas Suramericanas (LAS) Cargo signed a 5year contract for flight operations safety and insight solution.
- Contracts/Agreements; In July, General Electric secured a US$38 million contract from the US Army Contracting Command contract for the maintenance and overhaul of rotor turbine aircraft.
- Contracts/Agreements; In July, General Electric and Cricket Valley Energy Center entered a memorandum of understanding to develop a green hydrogen technology roadmap to reduce carbon emissions in New York, the US.
- Contracts/Agreements; In August, General Electric’s subsidiary, GE Digital, collaborated with Malaysia Airlines to modernize its fuel analytics platform.
- Contracts/Agreements; In August, General Electric’s subsidiary, GE Healthcare, collaborated with Amazon Web Services to deliver artificial intelligence, cloud-based imaging solutions, integrated data, and clinical and operational insights to hospitals and healthcare providers.
- Contracts/Agreements; In August, GE Renewable Energy and PKN ORLEN entered into a memorandum of understanding to support the development of offshore wind projects in Poland.
- Contracts/Agreements; In September, General Electric’s subsidiary, GE Digital, and the Bahrain Electricity & Water Authority entered into a contract worth US$28.7 million to modernize the Kingdom of Bahrain’s electricity and water networks.
- Contracts/Agreements; In October, General Electric’s subsidiary, GE Digital, entered into a partnership with Flight Safety International to use actual flight data to reduce flight risks through superior training delivery.
- Contracts/Agreements; In October, General Electric’s subsidiary, GE Digital, signed a memorandum of understanding with FLAPZ to offer safety measures for business jets.
- Contracts/Agreements; In October, GE Hitachi Nuclear Energy and BWXT Canada Ltd agreed to design, manufacture, and commercialize the BWRX-300 small modular reactor.
- Contracts/Agreements; In October, GE was awarded US$3.7 million in funding from the US Department of Energy’s Advanced Research Projects Agency-Energy to accelerate the decarbonization of the US electrical grid.
- Contracts/Agreements; In October, GE secured a US$1.58 billion contract from the US Air Force to supply F110 engines for the Boeing F-15EX Eagle II.
- Contracts/Agreements; In January, General Electric secured a contract to supply gas power generation equipment for West Africa Energy’s 300-megawatt combined-cycle power project in Cap des Biches, Dakar, Senegal.
- Contracts/Agreements; In February, General Electric’s subsidiary, GE Aviation, entered into a partnership with Etihad Airways to launch a new 360 Foam Wash, a jet engine cleaning system.
- Contracts/Agreements; In February, General Electric’s subsidiary, GE Digital, and Teradata launched a new solution, Flight Data Link, to optimize airline function.
- Contracts/Agreements; In February, General Electric’s subsidiary, GE Digital and Bayshore Networks, expanded their partnership to integrate their solutions to address the growing need to secure industrial and critical infrastructure networks.
