{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","ticker":"SU.PA","updated_at":"2026-07-12T03:58:46.984356+00:00","canonical":"https://valuechain.wiki/schneider-electric","same_as":["https://finance.yahoo.com/quote/SU.PA"],"citable":"밸류체인 그래프 기준 Schneider Electric의 직접 연결 기업은 4곳(관계 기준 공급 0·매출 4)이고, 사슬을 2차까지 넓히면 28곳에 닿는다. 링크의 근거 출처는 3건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Schneider Electric is directly linked to 4 companies (0 supply, 4 revenue relationships) and reaches 28 companies within two hops; the links are backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"전력관리·자동화 · 데이터센터 인프라","kicker_en":"Power management & automation · datacenter infrastructure","lead":"전력관리·산업자동화 글로벌 리더로, 스위치기어부터 UPS·액체냉각까지 데이터센터 전력·열관리 스택을 통째로 파는 몇 안 되는 업체다. 데이터센터가 최대 성장동력으로 1분기 매출 €97.7억(+11%)을 냈고, 엔비디아와 GB200/GB300 NVL72용 레퍼런스 설계(랙당 132kW)를 공동개발하며 차세대 랙 전력·냉각 표준을 선점했다. Galaxy VXL UPS·Motivair 액체냉각과 스위치($1.9B)·디지털리얼티 대형 계약이 하이퍼스케일러 캐펙스에 직접 올라타는 구조를 보여준다.","lead_en":"A global leader in power management and industrial automation, and one of the few players that sells the entire datacenter power-and-thermal stack — from switchgear to UPS to liquid cooling. Datacenters are its top growth driver (Q1 revenue €9.77bn, +11%), and it co-developed reference designs with NVIDIA for GB200/GB300 NVL72 (132kW per rack), pre-empting the next-generation rack power and cooling standard. Galaxy VXL UPS, Motivair liquid cooling and large deals (Switch $1.9B, Digital Realty) show a business riding hyperscaler capex directly.","segments":{"parts":[{"desc":"AI 데이터센터의 전력 공급·백업 코어. 랙 전력밀도(132kW급) 상승이 대당 단가를 끌어올리는 최대 성장 부문.","name":"데이터센터 전력·UPS"},{"desc":"Motivair 기반 데이터센터 액체냉각. 고발열 GPU 랙 전환으로 전력과 세트로 팔리는 신성장 축.","name":"액체냉각(Motivair)"},{"desc":"빌딩·산업 전력관리와 자동화(EcoStruxure·AVEVA). 반복매출로 데이터센터 사이클의 변동을 완충.","name":"전기·자동화"}],"total":"1분기 매출 €9.77B (+11%)","concentration":"데이터센터가 최대 성장. 엔비디아 협력."},"segments_en":{"parts":[{"desc":"The power-supply and backup core of AI datacenters — rising rack power density (132kW class) lifts per-unit price; the top growth segment.","name":"Datacenter power/UPS"},{"desc":"Motivair-based datacenter liquid cooling — a new growth axis sold alongside power as high-heat GPU racks proliferate.","name":"Liquid cooling (Motivair)"},{"desc":"Building and industrial power management and automation (EcoStruxure, AVEVA) — recurring revenue that buffers the datacenter cycle's swings.","name":"Electrical/automation"}],"total":"Q1 revenue €9.77B (+11%)","concentration":"Datacenter is top growth; NVIDIA partnership."},"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":13},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"nestle","name":"Nestlé","name_en":"Nestlé S.A.","tier":3,"returns_yearly":{"2021":22.1,"2022":-4.2,"2023":-9.3,"2024":-18.8,"2025":-1.8,"2026":17.9}},{"slug":"tempus-ai","name":"Tempus AI","name_en":"Tempus AI","tier":3,"returns_yearly":{"2025":74.9,"2026":-1.4}},{"slug":"emart","name":"이마트","name_en":"E-mart Inc.","tier":3,"returns_yearly":{"2021":-18.4,"2022":-19.5,"2023":-25.3,"2024":-14.6,"2025":44.7,"2026":-7.8}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-23.9}},{"slug":"datadog","name":"Datadog","name_en":"Datadog","tier":2,"returns_yearly":{"2021":80.9,"2022":-58.7,"2023":65.1,"2024":17.7,"2025":-4.8,"2026":89.4}},{"slug":"palo-alto-networks","name":"팔로알토 네트웍스","name_en":"Palo Alto Networks","tier":2,"returns_yearly":{"2021":56.7,"2022":-24.8,"2023":111.3,"2024":23.4,"2025":1.2,"2026":76.9}},{"slug":"crowdstrike","name":"CrowdStrike","name_en":"CrowdStrike","tier":2,"returns_yearly":{"2021":-3.3,"2022":-48.6,"2023":142.5,"2024":34,"2025":37,"2026":59.7}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":2,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":45}},{"slug":"planet-labs","name":"플래닛랩스","name_en":"Planet Labs","tier":2,"returns_yearly":{"2022":-29.3,"2023":-43.2,"2024":63.6,"2025":388.1,"2026":32.1}},{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":2,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"johnson-controls","name":"존슨 컨트롤스","name_en":"Johnson Controls","tier":2,"returns_yearly":{"2021":77.4,"2022":-19.3,"2023":-7.6,"2024":39.8,"2025":53,"2026":20}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":2,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":19.2}},{"slug":"airbnb","name":"Airbnb Inc","name_en":"Airbnb Inc","tier":2,"returns_yearly":{"2022":-48.6,"2023":59.2,"2024":-3.5,"2025":3.3,"2026":9.5}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":2,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":6.6}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":2,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.1}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":2,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"schrodinger","name":"Schrödinger","name_en":"Schrodinger","tier":2,"returns_yearly":{"2021":-56,"2022":-46.3,"2023":91.5,"2024":-46.1,"2025":-7.3,"2026":-7.8}},{"slug":"mercadolibre","name":"MercadoLibre","name_en":"MercadoLibre, Inc.","tier":2,"returns_yearly":{"2021":-19.5,"2022":-37.2,"2023":85.7,"2024":8.2,"2025":18.5,"2026":-8}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":2,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":2,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-9}},{"slug":"lvmh","name":"LVMH","name_en":"LVMH Moet Hennessy Louis Vuitton","tier":2,"returns_yearly":{"2021":46.6,"2022":12.7,"2023":-1.8,"2024":-7.3,"2025":-20.4,"2026":-9}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":2,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"disney","name":"Disney","name_en":"The Walt Disney Company","tier":2,"returns_yearly":{"2021":-14.5,"2022":-43.9,"2023":4.3,"2024":24.4,"2025":3.3,"2026":-15.3}},{"slug":"coupang","name":"Coupang","name_en":"Coupang","tier":2,"returns_yearly":{"2022":-49.9,"2023":10.1,"2024":35.8,"2025":7.3,"2026":-20.3}},{"slug":"netflix","name":"Netflix","name_en":"Netflix","tier":2,"returns_yearly":{"2021":11.4,"2022":-51.1,"2023":65.1,"2024":83.1,"2025":5.2,"2026":-21.7}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":2,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-29.7}},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":2,"returns_yearly":null},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":2,"returns_yearly":null},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":1,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":1,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":1,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":1.6}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":1,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}}],"benefiting":[],"analysis":"투자 논점은 AI 데이터센터의 전력·냉각 투자 사이클을 얼마나 오래 독식하느냐다. 스위치기어부터 UPS(Galaxy VXL)·액체냉각(Motivair)까지 랙 전력·열관리 스택을 통째로 파는 몇 안 되는 업체로, 엔비디아와 NVL72 레퍼런스 설계를 공동개발하며 표준을 선점했다. 매출은 마이크로소프트·구글·아마존·메타 등 하이퍼스케일러 캐펙스에 직접 연동돼, 성장의 상방과 하방이 이들의 데이터센터 투자 계획에 물려 있다. EcoStruxure·AVEVA 소프트웨어가 하드웨어 판매에 반복매출을 얹어, 캐펙스 사이클이 꺾여도 마진을 방어하는 완충 역할을 한다.","analysis_en":"The thesis is how long Schneider can dominate the AI datacenter power-and-cooling capex cycle. It is one of few players selling the entire rack power-and-thermal stack — from switchgear to UPS (Galaxy VXL) to liquid cooling (Motivair) — and it co-developed the NVL72 reference design with NVIDIA to pre-empt the standard. Revenue is tied directly to hyperscaler capex (Microsoft, Google, Amazon, Meta), so both its upside and downside hang on their datacenter investment plans. EcoStruxure and AVEVA software layer recurring revenue onto hardware sales, buffering margins even if the capex cycle rolls over.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"알파벳 (구글)","counterparty_slug":"alphabet","confidence":"mid","metric":null,"note":"구글(알파벳) 데이터센터에 전력·UPS·냉각 인프라를 공급. NVL72급 고밀도 랙 채택이 스위치기어·UPS 단가를 끌어올리는 고성장 매출선.","note_en":"Supplies power, UPS and cooling infrastructure to Google (Alphabet) datacenters — a high-growth revenue line where NVL72-class dense racks raise switchgear and UPS content.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."},{"stance":"confirms","publisher":"DCD","publisher_en":"DCD","kind":"news","lang":"en","published_at":"2025-09-01","url":"https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/","title":"슈나이더, 엔비디아와 GB200 NVL72 레퍼런스 공동개발","title_en":"Schneider co-develops GB200 NVL72 reference design with NVIDIA","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."}]},{"direction":"revenue","counterparty":"아마존","counterparty_slug":"amazon","confidence":"mid","metric":null,"note":"아마존 AWS 데이터센터에 전력·UPS·냉각을 공급. 세계 최대 클라우드 캐펙스에 올라타는 매출로, 증설 파이프라인이 곧 수주 가시성이다.","note_en":"Supplies power, UPS and cooling to Amazon AWS datacenters — revenue riding the world's largest cloud capex, where the build pipeline is order visibility.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."},{"stance":"confirms","publisher":"위키백과","publisher_en":"Wikipedia","kind":"news","lang":"ko","published_at":"2026-01-01","url":"https://ko.wikipedia.org/wiki/슈나이더_일렉트릭","title":"슈나이더 일렉트릭(전력관리·데이터센터)","title_en":"Schneider Electric (power management, datacenter)","excerpt":"슈나이더 일렉트릭: 전력관리·데이터센터 전력.","excerpt_en":"Schneider Electric: power management and datacenter power."},{"stance":"confirms","publisher":"DCD","publisher_en":"DCD","kind":"news","lang":"en","published_at":"2025-09-01","url":"https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/","title":"슈나이더, 엔비디아와 GB200 NVL72 레퍼런스 공동개발","title_en":"Schneider co-develops GB200 NVL72 reference design with NVIDIA","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."}]},{"direction":"revenue","counterparty":"마이크로소프트","counterparty_slug":"microsoft","confidence":"mid","metric":null,"note":"마이크로소프트 애저 데이터센터에 스위치기어·UPS·액체냉각을 공급 — 하이퍼스케일러 캐펙스에 직결되는 매출로, 랙 전력밀도가 오를수록 사이트당 전력·냉각 콘텐츠가 커진다.","note_en":"Supplies switchgear, UPS and liquid cooling to Microsoft Azure datacenters — revenue tied directly to hyperscaler capex, with power-and-cooling content per site growing as rack density rises.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."},{"stance":"confirms","publisher":"DCD","publisher_en":"DCD","kind":"news","lang":"en","published_at":"2025-09-01","url":"https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/","title":"슈나이더, 엔비디아와 GB200 NVL72 레퍼런스 공동개발","title_en":"Schneider co-develops GB200 NVL72 reference design with NVIDIA","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."}]},{"direction":"revenue","counterparty":"메타 플랫폼스","counterparty_slug":"meta","confidence":"mid","metric":null,"note":"메타 데이터센터에 전력·UPS·냉각을 공급. AI 학습 클러스터 증설이 랙당 전력을 키워 전력·냉각 콘텐츠 단가를 함께 끌어올린다.","note_en":"Supplies power, UPS and cooling to Meta datacenters — AI training-cluster expansion raises per-rack power, lifting the value of power-and-cooling content.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."},{"stance":"confirms","publisher":"DCD","publisher_en":"DCD","kind":"news","lang":"en","published_at":"2025-09-01","url":"https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/","title":"슈나이더, 엔비디아와 GB200 NVL72 레퍼런스 공동개발","title_en":"Schneider co-develops GB200 NVL72 reference design with NVIDIA","excerpt":"하이퍼스케일러가 슈나이더 전력·냉각으로 AI 데이터센터 구축.","excerpt_en":"Hyperscalers build AI datacenters with Schneider power/cooling."}]},{"direction":"revenue","counterparty":"콜로·산업·빌딩 (전력·자동화)","counterparty_slug":null,"confidence":"mid","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"코로케이션·산업·빌딩의 전력관리·자동화 기반 수요. 데이터센터만큼 폭발적이진 않지만, 전동화·에너지효율 규제가 떠받치는 구조적 베이스 매출.","note_en":"Baseline demand in colocation, industry and buildings for power management and automation — less explosive than datacenters but a structural base underpinned by electrification and energy-efficiency regulation.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"스위치·디지털리얼티 등 대형 계약.","excerpt_en":"Large deals with Switch, Digital Realty."}]},{"direction":"cost","counterparty":"전력부품·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"전력전자·배전 부품·소재 매입이 원가의 축. 구리·반도체 등 투입가 변동이 마진에 전가되며, 공급선은 비공개.","note_en":"Purchases of power-electronics and distribution components/materials are the cost core — copper and semiconductor input swings pass into margin; suppliers undisclosed.","sources":[{"stance":"confirms","publisher":"Schneider Electric","publisher_en":"Schneider Electric","kind":"filing","lang":"en","published_at":"2026-04-30","url":"https://www.se.com/ww/en/assets/pdf/release-q1-revenues-2026","title":"Schneider Electric 1분기 매출(공시)","title_en":"Schneider Electric Q1 revenue release","excerpt":"UPS·배전 장비 부품.","excerpt_en":"UPS/distribution parts."}]},{"direction":"cost","counterparty":"R&D·소프트웨어 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"EcoStruxure·AVEVA 소프트웨어 R&D 투자. 하드웨어에 반복매출·마진을 얹는 소프트웨어 해자를 키우는 비용.","note_en":"R&D in EcoStruxure and AVEVA software — the cost of building the software moat that layers recurring revenue and margin onto hardware.","sources":[{"stance":"confirms","publisher":"DCD","publisher_en":"DCD","kind":"news","lang":"en","published_at":"2025-09-01","url":"https://www.datacenterdynamics.com/en/news/schneider-electric-co-develops-gb200-nvl72-reference-architecture-with-nvidia/","title":"슈나이더, 엔비디아와 GB200 NVL72 레퍼런스 공동개발","title_en":"Schneider co-develops GB200 NVL72 reference design with NVIDIA","excerpt":"엔비디아 협력 디지털트윈·SW R&D.","excerpt_en":"NVIDIA-partnered digital-twin/software R&D."}]}]}