|Company||Market Cap (USD)|
|General Electric||$99.22 B|
|Schneider Electric SE||$94.34 B|
|3M Company||$88.77 B|
Otis Worldwide Corporation is a manufacturer of elevators, escalators, moving walkways, and related equipment. Founded in 1853, Otis was the first producer of safety elevators, which allowed to lock the elevator in place in case of mechanical failure. Since then the company has expanded around the world and to other mechanical moving structures such as escalators, and moving walkways.
The market capitalization of a company, more simply referred to as "market cap", is the total market value of a publicly traded company's outstanding shares. It is often considered as a key indicator of what a company is worth.