The concurrent trends of grid modernization and the "electrification of everything" are arguably still in their early innings. The results and earnings momentum of some of the leading players in the field, including General Electric (NYSE: GE), ABB (NYSE: ABB), and Siemens (OTC: SIEGY), are excellent, and there's a host of other smaller companies to consider investing in for more pure-play exposure. In truth, GE, ABB, and Siemens are far too large to have the needle moved on their earnings by their electrification exposure alone.