Schneider Electric โฃexceeded it’s organic growth projections, โdriven by surging demand for data center solutions fueled โขby the artificial intelligence boom. The company now anticipates organic โgrowth of 14% for the โfull year,โฃ up from its previous forecast of โ13%, asโข reported on July 25th.
This revised outlook underscores the escalating investment in data infrastructure necessary to supportโ the rapid expansion of โAI technologies. โคSchneider Electric,a โคkey provider โคofโ power and cooling systems for dataโ centers,is directly benefiting from this trend,with orders significantly outpacing expectations. The increased demand impactsโ aโ wide range of sectors, from โtechnology companies building AI platforms to cloud service providersโค and businesses adopting AI solutions, and signals continued robust investment โinโฃ the digital economy.
The french industrial group reportedโ first-half sales of โฌ17.3 billion, a 16% increase on a like-for-like basis. This growth was especially strong in its energy management and sustainability technology divisions. Data center revenue alone grew by over 25% in the first half of the year.”We areโค benefiting from a very strong demand in data โคcenters, driven by AI,”โค saeid Schneider Electric Chief Executive Officer, Jean-Pascal Tricoire, during an investor call. “This is a secular โtrend โthat is going to last for โคyears.”
Schneider Electric’s strong performanceโฃ reflects a broader trend of increased investment in data center infrastructure.โข As AI models become more complex and requireโฃ more processing power, the demand for energy-efficient and reliable โขdata centers is expected to โฃcontinue to โrise. The company’s focus onโฃ sustainability and energy efficiency positionsโฃ it well toโ capitalize on this growing market.
