Martin Placek
Research expert covering transportation and electronics
Schneider Electric - statistics & facts
Schneider Electric is a France-based company operating in the fields of energy management, sustainability, and automation. The company offers a variety of products and solutions for different end-users, ranging from households to large-scale industries. Of the leading automation vendors worldwide in 2023, Schneider Electric was the fourth largest, generating over 10 billion euros from its industrial automation segment.
In the same year, Schneider Electric increased its spending on research and development by around 12 percent, directing almost 1.2 billion euros toward expanding its product variety.
Schneider Electric’s biggest competitors in the fields of energy management and automation are Siemens and ABB Group. In 2023, Siemens AG generated almost 22 billion euros from the digital industries segment while ABB Group made a revenue of some 14.6 billion euros from its Electrification products segment.
Financial performance of Schneider Electric
In the 2023 fiscal year, Schneider Electric’s total revenue reached approximately 35.9 billion euros. The company’s Energy Management segment accounted for around 79 percent of the total revenue, more than 28 billion euros in the 2023 fiscal year. This segment produces contactors and protection relays, electric vehicle charging stations, medium voltage transformers, and power and energy monitoring systems, among others.In the same year, Schneider Electric increased its spending on research and development by around 12 percent, directing almost 1.2 billion euros toward expanding its product variety.
Schneider Electric history and competitors
The company was originally founded in 1836 as a steel and machinery company that produced armaments, equipment, and facilities for the transport and traffic sector. Almost 150 years later, the company shifted its attention to solely the electrics market and began a series of strategic acquisitions. Currently, the company’s production focuses on medium and low-voltage networks, and automation machines, and systems.Schneider Electric’s biggest competitors in the fields of energy management and automation are Siemens and ABB Group. In 2023, Siemens AG generated almost 22 billion euros from the digital industries segment while ABB Group made a revenue of some 14.6 billion euros from its Electrification products segment.
