Automation and Electrification
Electrical Equipment Revenue Growth
The electrification cohort held positive growth straight through the discrete automation downturn, the clearest evidence that this is a separate and longer demand cycle.
nVent
+52.8%
Eaton
+21.4%
Hubbell
+15.3%
ABB
+14.2%
WEG (BRL)
-0.6%
Year-over-year growth by quarter, 2021 to 2026, one scale. Dashed line: zero.
US Electric and Gas Utility Output
After roughly fifteen flat years, US electricity output is rising again as data centers, electrified industry, and EV charging add load. The smoothed line strips out heating and cooling seasonality.
Transformer Producer Prices
Prices for power and distribution transformers have risen roughly 86 percent since early 2020 after a flat prior decade: the clearest public proxy for the grid-equipment shortage.
Electrical and Automation Backlogs
Latest disclosed backlogs left in each company's reporting currency. Electrical books at Eaton, ABB, and Schneider Energy Management are the long-cycle demand signal; converting them onto one axis would invent a spot rate.
| Company | Segment | Backlog | Year over year |
|---|---|---|---|
| Eaton | Electrical Americas | $13.2B | +31% |
| ABB | Electrification | $9.44B | +21% |
| Schneider Electric | Energy Management | EUR 21.3B | +21% |
| Siemens | Smart Infrastructure | EUR 18.6B | +2% |
| ABB | Automation | $10.1B | +23% |
| Schneider Electric | Industrial Automation | EUR 4.02B | +8% |
| Siemens | Digital Industries | EUR 9.50B | +3% |
| Rockwell Automation | Total company | $2.88B | -7% |
Schneider Energy Management vs Industrial Automation
Fiscal 2025, Q4 2025 and Q1 to Q3 2026 inside one group: Energy Management is the electrification franchise; Industrial Automation is discrete, process, and AVEVA. They are not the same cycle: Q3 2026 organic growth was 18.8 percent against 8.1 percent.
ABB Electrification vs Automation
Orders and revenue for the two continuing business areas. Robotics is discontinued operations and is not in these bars. Electrification is converting a backlog; automation orders jumped while revenue conversion lagged.
Eaton Electrical vs Rest of Company
Quarterly mix from 2022. Electrical Americas plus Electrical Global have climbed toward about three quarters of sales as grid and data-center electrical demand outgrew vehicle.
Switchgear and Switchboard Producer Prices
A different BLS product class from transformers. Switchgear prices have risen about 90 percent since January 2020.