Power / substation transformer
128 weeks
↑ Elevating
Distribution / pad-mount transformer
30 weeks
↑ Elevating
Medium-voltage switchgear
44 weeks
↑ Elevating
Low-voltage switchgear
54 weeks
→ Stable

The index

Lead times for new orders across the U.S. market. Sourcing and method are detailed below.

EquipmentCurrent lead timeTrend
Power / substation transformer128 weeks↑ Elevating
Distribution / pad-mount transformer30 weeks↑ Elevating
Medium-voltage switchgear44 weeks↑ Elevating
Low-voltage switchgear54 weeks→ Stable
Generator step-up (GSU) transformer144 weeks↑ Elevating
Switchboards32–41 weeks→ Stable
Panelboards15–23 weeks→ Stable
Busduct / busway27 weeks→ Stable
Circuit breakers (commodity)In stock→ Stable

Order books: the leading indicator

Where supply is heading. A book-to-bill above 1.0 means orders are outpacing shipments, so the queue is still growing. Expand a row for its trailing trend.

ManufacturerBook-to-billTrailing trendReported backlog
Vertiv2.9
2.92.051.22024-07-242026-02-11

Backlog · book-to-bill 2.9 · as of 2026-02-11 · “data center demand” · source

GE Vernova2.5$13.0BElectrification

Tracking started. The trend line fills in as new quarters are captured.

Backlog $13.0B (Electrification) · book-to-bill 2.5 · as of 2026-04-22 · “data centers, more than all of last year” · source

Siemens Energy2.28€49BGrid Technologies
2.281.891.52025-06-302026-03-31

Backlog €49B (Grid Technologies) · book-to-bill 2.28 · as of Q2 FY2026 · “power & GSU transformers, HV switchgear” · source

Powell1.7$1.8BMV/LV switchgear
1.71.51.32025-08-052026-05-04

Backlog $1.8B (MV/LV switchgear) · book-to-bill 1.7 · as of 2026-05-04 · “data center order with a value exceeding $400 million” · source

ABB1.44$11.5BElectrification
1.441.231.012025-06-302026-03-31

Backlog $11.5B (Electrification) · book-to-bill 1.44 · as of Q1 2026 · “switchgear, breakers, electrification” · source

Siemens1.27€22BSmart Infrastructure
1.01.31.150.992025-06-302026-03-31

Backlog €22B (Smart Infrastructure) · book-to-bill 1.27 · as of Q2 FY2026 · “switchgear, switchboards, busway” · source

Eaton1.2+48% YoYElectrical
1.21.151.12025-05-022026-05-05

Backlog +48% YoY (Electrical) · book-to-bill 1.2 · as of 2026-05-05 · “data center momentum” · source

nVent$2.6B

Tracking started. The trend line fills in as new quarters are captured.

Backlog $2.6B · book-to-bill not disclosed · as of 2026-05-01 · “data center growth in both the gray and white space” · source

Schneider Electric€21.3BEnergy Mgmt

Tracking started. The trend line fills in as new quarters are captured.

Backlog €21.3B (Energy Mgmt) · book-to-bill not disclosed · as of FY2025 · “Square D parent; backlog +21% YoY” · source

Hitachi Energy$57.9B

Tracking started. The trend line fills in as new quarters are captured.

Backlog $57.9B · book-to-bill not disclosed · as of FY2025 · “large power transformers, HV switchgear; backlog +33% YoY” · source

Hammond Power Solutions+94.6% YoY

Tracking started. The trend line fills in as new quarters are captured.

Backlog +94.6% YoY · book-to-bill not disclosed · as of Q1 2026 · “dry-type & distribution transformers” · source

Macro pulse

The ISM Supplier Deliveries Index is the fastest public read on delivery pressure across the economy. It is inverted: above 50 means deliveries are slowing.

ISM Supplier Deliveries60.6above 50 = slower
60.654.9549.32025-06-012026-05-01

ISM Manufacturing Supplier Deliveries Index · latest 60.6 (2026-05-01) · trailing 12 months · readings above 50 mean deliveries are slowing.

Sources & methodology

This index aggregates public data and is refreshed regularly. See also our companion analysis: why electrical equipment prices won’t come down.