Siemens AG looks to ride AI data centre wave
Siemens AG is aiming to tap the AI data centres opportunity in India that has created a need for sustainable electrification and cooling solutions, a senior executive said.
“Data centres are growing significantly, double-digit around the world,” Peter Koerte, member of the managing board, Chief Technology Officer, and Chief Strategy Officer at Siemens AG told ET.
“The good news for us is being an outfitter of data centres, all the electrification comes pretty much from two or three companies. And so, investors would argue that we and Schneider are the ones that stand to benefit the most.”
Globally, data centre revenues for the six biggest electrical firms including ABB Ltd, Siemens AG, Legrand SA and Schneider Electric SE have reached 20 billion euros ($22.2 billion) last year, double from what they were five years earlier.
Siemens had built its third Centre of Competence for Data Centres in Chennai this year, which will serve the APAC region, estimated to invest $75 billion in data centres by 2025, surpassing the US as the highest investing region globally.
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