European Industrial Giants Soar as Data Centers Fuel Market Growth

Four prominent European industrial groups – ABB, Legrand, Siemens AG, and Schneider Electric – have experienced over €150 billion in market value growth due to the booming demand for data centers driven by artificial intelligence (AI). This surge is fueled by their successful transition from primarily supplying electrical equipment to providing critical components such as power systems, cooling solutions, and server cabinets. 📈