LS Electric Secures 170 Billion Won Switchgear Deal in the U.S.

LS Electric Co., a leading South Korean electrical equipment manufacturer, has announced that it has secured a contract worth 170 billion won (approximately $127 million) to supply switchgear for a major data center project in the United States.

The deal involves providing 38-kilovolt switchgear, which is essential for the operation of hyperscale artificial intelligence (AI) data centers. Although the specific U.S. tech company involved has not been disclosed, the project is expected to commence next year.

This contract is particularly significant as it underscores the growing opportunities for South Korean firms in the international electrical equipment market, especially in the context of rising demand for power infrastructure driven by the expansion of AI and cloud computing technologies.

LS Electric highlighted that investment in power infrastructure across North America is increasing rapidly, with the U.S. data center power infrastructure market projected to grow from 13 trillion won in 2025 to 56 trillion won by 2035, reflecting an average annual growth rate of 16 percent.

The company also mentioned that the supply volume for 2028 will be determined through consultations with the U.S. customer, indicating potential for further collaboration in the coming years.