Managed Power Services, The Next Big Thing in the Power Sector, Schneider Electric Says

Managed Power Services, The Next Big Thing in the Power Sector, Schneider Electric Says

  • A leading energy provider, Schneider Electric has asked power providers to take advantage of the Managed Power Services
  • According to the company, Managed Power services is the next big thing and biggest opportunity available in the sector
  • The company said IT providers need consistent investment in emerging technology and service opportunities

Schneider Electric has identified Managed Power Services as the next big thing in the power sector when the leader in energy management automation encouraged its partners, professionals and end users to take advantage of the next wave of growth opportunity in the power sector.

Continuous investment in Managed Power Services enhances economic growth

Speaking at a press conference recently, Oluwaseun Oloyede, Secure Power Leader for Anglophone West Africa, APC by Schneider Electric harped on the need for its partners and IT professionals to be well-positioned in order to take advantage of this growth opportunity. He added that it was normal to see innovations in the sector because “if a business isn’t growing, its likely on its way to extinction, he said.

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Schneider Electric, Managed Power Services
Secure Power Leader for Anglophone West Africa Credit: Schneider Electric
Source: UGC

IT solution providers require continuous investment in new technology and service opportunities to stay on a growth path. Research has shown that edge computing delivers a robust opportunity for IT solution providers with projected spending to reach $250.6 billion by 2024.

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With IT professionals looking for help on monitoring and management of these sites, there are only 27% of managed service providers (MSPs) who offer managed power services today. As such, now is the time for solution providers to expand their portfolio, Oluwaseun stated.

What Schneider is saying

He added that seasoned MSPs know that adding a new service practice requires thoughtful planning, execution, and reliable vendor partnerships. Between implementing platforms and tools, training staff, and identifying clients for the services, building a new practice takes as many as 3,500 non-revenue-generating staff hours.

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Managed Power Services represent a new opportunity for service providers and partners to address asset management of UPS’s and physical infrastructure. For example, monitoring of alarms and resolving potential faults increases reliability across the asset's life cycle.

He said:

“Based on our calculations, the addition of Managed Power Services adds 1.5-times additional revenue over the lifecycle of the asset compared to traditional hardware.
“Schneider Electric has developed a program to help MSPs reduce their time-to-market and ensure MSPs have the resources they need to build and launch their managed power services practice,” the Schneider Electric sales executive said.

On ways to go about leveraging this opportunity, Oluwaseun said Schneider Electric has offerings partners could take advantage of.

Firm moves to address energy deficit in Nigeria, Unveils Microgrid as it makes case for curbing climate change has reported that Energy sustainability in Nigeria has proven a herculean task for successive governments who grapple to tackle the challenge in Africa’s most populous nation.

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Available statistics show that Nigeria has the highest energy deficit in the world with about one per cent of the population having access to electricity.

One per cent increase in electricity consumption leads to 1.72 per cent increase in economic growth (Electricity Consumption and Economic Growth, 2021).


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