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s of 2023, the principal divisions of Siemens are Digital Industries, Smart Infrastructure, Siemens Mobility, Siemens Healthineers and Siemens Financial Services, with Siemens Healthineers and Siemens Mobility operating as independent entities. Siemens also operates a number of “Portfolio Companies” with market-specific offerings.[6] In 2020, the energy business was spun off into the separate Siemens Energy AG, with Siemens retaining a stake of 17.1% as of December 2023.[161] Other business units of the company include Siemens Technology (T) for research and development, Real Estate (SRE) for corporate real estate management, Advanta for consulting services (including the management consulting division Advanta Consulting), next47 as a venture capital fund, and Global Business Services (GBS) as a shared services unit.[6]

Digital Industries[edit]

The Digital Industries division focuses on the automation needs of discrete and process industries. This includes factory automation infrastructurenumerical control systems, engines, drives, inverters, integrated automation systems for machine tools and production machines, and machine to machine communication products. The division also develops industrial control systems, various types of sensors, and radio-frequency identification systems.[6] In industrial automation and industrial software, Siemens is the global market leader.[8]

In addition to hardware, Digital Industries supplies software for product lifecycle management (PLM), simulation and testing of mechatronic systems, and the MindSphere cloud-based IoT operating system that connects physical infrastructure to the digital world. The software portfolio is supplemented by the Mendix platform for low-code application development and digital marketplaces like Supplyframe and Pixeom. Key customer markets span automotivemachine buildingpharmaceuticalschemicalsfood and beverageelectronics, and semiconductors.[6]

In 2023, CEO Roland Busch announced the aim to raise software businesses sales share to 20% in the long term.[162] In June 2023, launched a new open digital platform called “Siemens Xcelerator”, which houses a curated portfolio of IoT-enabled hardware, software, and digital services from both third parties. also announced a partnership with Nvidia, aiming to leverage its Omniverse platform with its 3D design capabilities. Xcelerator is part of a broader industry trend towards digital environments (“metaverses“), and is delivered through a software as a service (SaaS) subscription model, targeting accessibility for a range of businesses including small and medium-sized enterprises.[163]

Smart Infrastructure[edit]

Siemens Smart Infrastructure offerings are categorized into buildingselectrification, and electrical products. Its buildings portfolio includes building automation systems, heating, ventilation, and air conditioning (HVAC) controls, and fire safety and security systems, and energy performance services. The electrification portfolio is dedicated to grid resilience and efficiency, encompassing grid simulation, operation control software, power-system automation and protection, and medium to low voltage switchgear. Moreover, it includes charging infrastructure for electric vehicles. In the realm of electrical products, the division offers low-voltage switching, measuring and control equipment, distribution systems, and medium voltage switchgear.[6]

In the renewable energy industry, the company provides a portfolio of products and services to help build and operate microgrids of any size. It provides generation and distribution of electrical energy as well as monitoring and controlling of microgrids.[164] By using primarily renewable energy, microgrids reduce carbon-dioxide emissions, which is often required by government regulations. It supplied a sustainable storage product and microgrids to Enel Produzione SPA for the island of Ventotene in Italy.[164]