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Home/Power & Cooling/Bottlenecks/Electrical gear
US / EU · Power & Cooling

Data Center Electrical Gear (UPS, Busway & Distribution)

Inside the hall, every megawatt needs medium-voltage switchgear, UPS, busway and power distribution. A handful of makers supply most of it and backlogs have grown with AI campuses.

Switchgear→UPS→Busway / PDU→Rack
76
Tightness score ⓘ
#14 of 56
▲ Tightening
Supply concentration3
Lead time4
Capex intensity3
Geopolitical exposure2
Pricing power4
Lead time
12–24 mo
Theme 1M
−11.1%
% in uptrend
0%
Metric to watch

Data-center orders and backlog at Vertiv, Eaton, Schneider, Legrand and ABB.

What would prove us wrong

Weakens if electrical-equipment backlogs start shrinking while data-center starts hold up.

Dependencies
↑ supplier  Transformers & Switchgear86↑ supplier  Copper74 ↓ customer  Data Center Land & Buildings68

Electrical gear theme performance

Equal-weight · rebased 100 · 1Y
Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

StockRoleListingLast1D1M3MYTDOff 52w highTrendNext earnings
VRT
Vertiv
 Power and liquid-cooling chain for AI racks NYSE
US		 $232.5 −5.46% −5.5% −11.6% +43.6% −38.2% 2026-10-28
ETN
Eaton
 Electrical content per data-centre MW NYSE
US		 $370.0 −6.03% −15.4% −15.4% +17.1% −19.6% 2026-11-03
SU.PA
Schneider Electric
 Switchgear, power and cooling for data centres Euronext
France		 €237.5 −4.08% −18.8% −20.6% +2.7% −23.6% —
LR.PA
Legrand
 Data-center busway, PDUs and power distribution Euronext
France		 €131.0 −2.67% −6.3% −5.2% +4.6% −16.9% 2026-11-05
ABBN.SW
ABB
 Electrification, drives and robotics SIX
Switzerland		 CHF 70.68 −3.34% −11.2% −13.4% +21.1% −20.2% 2026-10-20
HUBB
Hubbell
 Utility and campus electrical products NYSE
US		 $422.4 −3.60% −9.5% −11.0% −4.0% −23.8% 2026-10-27

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