Schneider Electric is a global leader in energy management and automation with a revenue of around 26 billion euro in the financial year 2016 and 1,40,000 employees in over 100 countries.
"India is a strategic market for us. We are launching today two products -- Automatic Power Factor Corrector (APFC) panels and Automatic Harmonic Filter (AHF). The two products will help in energy saving up to 30 per cent compared to traditional solutions," Schneider Electric India MD and Country President Anil Chaudhry told reporters here.
Chaudhry said the company is committed towards making buildings in India 'energy efficient' through its new IoT- enabled technologies and solutions, which will help in saving cost and energy for all-size buildings such as offices, hospitals, airports, hotels etc.
"The solution will also be applicable to the residential segment, especially the home automation segment, the market for which is expected to be more than Rs 30,000 crore by 2022," the company said.
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Schneider said that its products to promote green buildings come in the light of the Energy Conservation Building Code 2017 recently launched by the Ministry of Power, in association with Bureau of Energy Efficiency (BEE).
The code mandates the energy performance standards for new commercial buildings to be constructed across India.
"We are keen to support the government in achieving its energy efficiency vision for buildings. Globally, buildings contribute close to 40 per cent of CO2 emissions, which is mostly invisible but inspire us to formulate strategies to mitigate the harmful effects of climate change," Chaudhry said.