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European Industrial Giants Capitalize on AI-Driven Data Center Boom
European Industrial Giants Capitalize on AI-Driven Data Center Boom
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Europe’s industrial powerhouses have added €150 billion in market value by pivoting from traditional electrical equipment to supplying critical data center infrastructure. Siemens AG shares surged over 60% since ChatGPT’s November 2022 debut, highlighting the sector’s dramatic transformation.
Legrand and other established manufacturers now derive significant revenue from power systems, cooling solutions, and server cabinets—components essential for AI language models and cloud computing. "We’ve effectively doubled our data center sales," noted Legrand CFO Franck Lemery, underscoring the sector’s strategic repositioning.
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