At least one area of the economy is still booming: data centers. That’s clear from the expanded partnership announced Thursday between electrical hardware and software giant Schneider Electric and Compass Datacenters.
“The extension of our agreement to continue innovating will address future demands to serve customers in industries ranging from cloud and service providers to semiconductors and EVs, healthcare, and telecommunication, among others,” said Aamir Paul, President, Schneider Electric North America, in a news release.
Sales at cloud and data center service providers are growing, too. Schneider Electric called out “double-digit” data center growth, in percentage terms, in the first half of 2023. “In the post-Covid era, digital growth has surged across industries, leading to the expansion of digital infrastructure, including data centers,” wrote RBC analyst Deane Dray in a recent report on data centers.