# Who are Emerson Electric's customers? Who does Emerson Electric earn revenue from?
Canonical: https://valuechain.wiki/emerson-electric · Facet: customers · Updated: 2026-07-12T03:52:53.629+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Emerson Electric discloses no named confirmed revenue counterparties; 3 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 3 revenue edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).

### 프로세스·하이브리드 산업 고객 (인텔리전트 디바이스) (high)
- note: The backbone and moat of Emerson's sales: valves, actuators and measurement/analytical instruments (Intelligent Devices) were ~$13.3B in FY2025 (+2%), where a vast installed base across refining, chemicals, LNG, power and life-sciences plants keeps generating replacement and expansion demand. Individual customers are mostly undisclosed, but the segment is directly exposed to the process-industry capex cycle.
- [mentions] TIKR (Korean) (KO, news, published 2026-01-15) https://www.tikr.com/ko/blog/emerson-electric-stock-power-lng-and-ai-data-centers-are-driving-the-bull-case-in-2026: "Power, LNG and AI-datacenter demand drive the 2026 bull case."
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Intelligent Devices ~$13.3B (+2%); total net sales $18,016M (+3%); gross margin 52.8%."

### 산업 소프트웨어·제어 플랫폼 (소프트웨어&컨트롤) (high)
- note: The core of the re-rating: Software & Control — DeltaV/Ovation control systems plus AspenTech (industrial AI/asset optimization) and NI test — grew +5% in FY2025 (+31% in Q4 on full AspenTech consolidation). Growing recurring and software mix rather than hardware sales is the argument for a higher multiple than a cyclical manufacturer.
- [confirms] TIKR (Korean) (KO, news, published 2026-01-15) https://www.tikr.com/ko/blog/emerson-electric-stock-power-lng-and-ai-data-centers-are-driving-the-bull-case-in-2026: "Strong Software & Control growth; $200M synergies from AspenTech/NI integration."
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Software & Control +5% (Q4 +31%); AspenTech wholly owned (Mar 2025) under Control Systems & Software."

### LNG·전력·AI 데이터센터 캡엑스 사이클 (high)
- note: The rudder of orders: large LNG, power and decarbonization projects plus AI-datacenter power/cooling instrumentation pull Final Control and systems orders, producing a $8.6B backlog at FY2025-end (~75% converting to sales within a year). The strength of this capex cycle sets forward revenue visibility.
- [mentions] RBC / analyst consensus (EN, research, published 2026-05-06) https://www.marketbeat.com/stocks/NYSE/EMR/forecast/: "Consensus Buy, avg ~$162 (RBC $169); LNG, power and data centers are the bull case."
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Backlog $8.6B (Sept 2025); ~75% expected to convert within 12 months."

Reverse side: https://valuechain.wiki/emerson-electric/suppliers.md · Ripple: https://valuechain.wiki/emerson-electric/ripple.md

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