Schneider Electric aims to expand presence and meet businesses' digital competitiveness in China

(JW Insights)Nov 15 -- Schneider Electric SE, a French multinational energy management company, pledged to allocate more resources to meet the need for power quality management and carbon reduction in the years ahead in China, reported China Daily on November 15.

The transformation of the Chinese market is driven by a range of advantages — a vast market scale, massive data resources and diverse application scenarios. China's digital economic scale and total computing power rank second in the world, said Pankaj Sharma, executive vice-president of Schneider Electric.

"In the contradiction between high energy consumption and dual-carbon sustainable growth, how to help data centers meet increasingly stringent energy efficiency management metrics and reach sustainability goals has become urgent challenges for businesses," said Sharma, who is also the group's head of the secure power division and data center business, noting that Schneider Electric will continue to increase investment in innovation to seize more market share in China.

China's data center services market witnessed a year-on-year growth of 12.7 percent in 2022, reaching a market size of RMB129.35 billion ($17.74 billion), according to a report released by global market research company International Data Corp.

Highlighting the country's multitude of policy initiatives and pivotal projects, including the east-data-west-computing project and continued coordination and optimization of computing power infrastructure, Sharma said these moves have ignited a tremendous surge in demand within China's data center industry.

As China embarks on a new era characterized by innovation and sustainable growth, Sharma said that Schneider Electric has adopted a strategy of creating multiple research and development hubs and will continue to do so in China. This will improve product applications and make its supply chain shorter.

Sharma said that the sixth China International Import Expo fully demonstrates the country's determination to continue to expand opening-up and create a favorable business environment, according to the China Daily report.

(Gao J/Yuan XY)