India one of our 4 global hubs, 3rd largest market: Schneider Electric CEO Peter Herweck

Mumbai: India has emerged as the third most important market from a local sales perspective for French automation and software company Schneider Electric that is looking to capitalise on five mega trends that is shaping global companies, the most important of which is the growing demand for its energy saving systems, said its top executive..

If you take the CO2 footprint that is generated today, 81 per cent of that is related to energy..

I am talking about today and now where we have payback within three to five years, said Peter Herweck, chief executive of the Paris incorporated company, who was earlier the head of its industrial automation division and then CEO of Aveva, the British software company it took over..

Herweck, a German, who lived largely in Switzerland but now heads the Paris incorporated giant, rattles of more statistics to break down that 81% further to prove his point: 37% of energy in consumed inside buildings; 33 percent in industry, 23 percent in transportation and around 6 percent is rest...

With smart grids and energy transition taking baby steps, Herweck believes houses themselves will eventually become prosumers they will produce or generate energy, consume it themselves. 60 percent of the users look at how much money have they saved beause energy costs are going up..

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