Schneider Electric reports growth in GCC
The energy management and automation firm recorded 12% revenue growth across Gulf countries and Pakistan in the last three years
Schneider Electric has announced 12% revenue growth across the Gulf countries and Pakistan, save for Saudi Arabia, a feat achieved with regional tech investments and infrastructure developments.
Continuing on its recent success, the energy management and automation firm plans to host the fourth edition of its Power to the Cloud event in Dubai. Scheduled for the 17 – 18 April at the Dubai International Convention Centre, Schneider Electric will showcase the latest from its IoT-powered smart technology suite.
The company will display its technologies in a number of simulations that will be on display across a 5,000 sqm experimental zone.
Benoit Dubarle, president – Gulf Countries and Pakistan, said: “There is an urgent need for change in the way we perceive and understand energy needs in the region.
“As a company involved in enabling this transition, Schneider Electric is well-positioned to address the GCC’s unique energy challenges through our tried and tested innovative solutions for energy management.”
According to IRENA’s 2016 GCC Market Analysis Report, regional energy consumption grew at an average of 5% per annum, from 2000 – 2010. The rate of consumption was faster than other high population countries, such as India, China and Brazil.
Furthermore, Saudi Arabia is reportedly the world’s seventh largest consumer of oil, with domestic consumption levels rising from 17% of production in 2000 to 28% in 2014.
To tackle high energy consumption, GCC countries will need to begin devising strategies to conserve natural resources, while simultaneously reducing energy consumption. Technology will become a critical factor in realising these goals.
“Given the development trajectory of the GCC cities, we remain committed to contributing to urban efficiency with our expertise in smart solutions and automation technologies,” explains Dubarle.
“We at Schneider Electric are equally keen to enhance the knowledge-base and skillset in the Gulf region through trainings and awareness-building. Power to the Cloud is one such platform that will showcase our offerings, educate audiences, and foster a culture of dialogue on key issues.”