The growth of artificial intelligence (AI) is significantly boosting revenue for some of Europe’s biggest industrial companies. Companies like ABB, Siemens, Legrand, and Schneider Electric are seeing an increase in orders for data center infrastructure.
Data Center Revenue Growth
In the past year, the six largest electrical companies saw their data center revenues reach €20 billion ($22.2 billion). This figure has shown a doubling of revenue compared to five years ago, indicating a strong growth trajectory in the sector.
Market Leaders
Redburn Atlantic analyst James Moore predicts sales will keep growing by about 15% annually through 2027. The growth is led not only by European firms but also by U.S. companies like Vertiv Holdings Co. and Eaton Corp Plc.
Development Challenges
Power supply delays challenge AI’s impact on data center expansion, despite the growing demand.
In conclusion, AI-driven growth is significantly impacting the revenue of Europe's leading industrial companies, despite challenges related to power supply delays.
Comments