What is Schneider Electric's outlook for its India data center business growth compared to its core operations, and what is driving this acceleration?

Schneider Electric expects its India data center business to 'outpace broader operations in the country over the next four to five years', driven by 'surging demand for AI-ready infrastructure'. Data centers currently account for 15% to 20% of its India business and are growing at a double-digit pace, with the company forecasting the segment will become a 'much larger share' and contribute to 'a much faster pace of growth than what the rest of the core business sees'. Key growth themes highlighted include data centers and grid modernisation.

What are the projected market size, growth rate, and capacity expansion for India's data center sector according to the news, and where is investment expanding geographically?

India's data center market is projected to reach $31.36 billion by 2035, growing at a compounded annual growth rate of 13.37%, according to Astute Analytica. Capacity is expected to surge to 6–7 gigawatts by 2030 from 1.5 gigawatts currently. Investment is spreading beyond traditional hubs like Mumbai and Chennai into states such as Gujarat and Rajasthan, as companies build capacity closer to customers.

Schneider Electric sees India data center business outpacing core growth on AI boom

May 25, 2026

Schneider Electric anticipates its India data center segment will outpace core growth over the next five years, driven by AI infrastructure demand and a projected market value of $31.36 billion by 2035.

reuters

2026-05-25

Schneider Electric sees India data center business outpacing core growth on AI boom

Schneider Electric sees India data center business outpacing core growth on AI boom

FAQ