India’s Power Need Seen Hitting 4 Trillion Units by 2035
POWER & RENEWABLE ENERGY

India’s Power Need Seen Hitting 4 Trillion Units by 2035

India’s annual electricity requirement is projected to double over the next decade, reaching about 4 000 TWh by 2035, driven by rapid industrialisation, urban growth and the electrification of transport, according to a new study from investment manager OmniScience Capital.
The report singles out three fast growing consumers—electric vehicles (EVs), data centres and the rail network—which together are expected to soak up roughly 500 TWh, or 12–13 per cent of total demand. Their rise signals a shift away from the historical dominance of household and traditional industrial loads.
OmniScience Executive Vice President Ashwini Shami said the trend reflects “accelerating industrial growth, digital transformation and a rising quality of life” and opens significant investment doors in renewables, grid upgrades and storage.
Per capita use is forecast to jump from 1 400 kWh in 2024 to 2 575 kWh in 2035 as incomes climb and more energy intensive appliances enter homes. The commercial and services sector will be another major driver: its power draw is set to rise 4.4 fold to 798 TWh, a compound annual growth rate of 13.2 per cent, giving it nearly one fifth of national consumption.
Transport will see the fastest growth, with usage by EVs and electrified railways surging from 25 TWh in 2022 to 162 TWh in 2035—a 16.8 per cent CAGR—underpinned by government targets for net zero emissions, a 500 GW renewable capacity, wider EV adoption and nationwide charging infrastructure.
Overall, the report argues, India’s energy transition is no longer optional: it is essential to sustain economic momentum while meeting climate goals, and it creates a multi billion pound opportunity for investors prepared to back green generation and modernised grids.

India’s annual electricity requirement is projected to double over the next decade, reaching about 4 000 TWh by 2035, driven by rapid industrialisation, urban growth and the electrification of transport, according to a new study from investment manager OmniScience Capital.The report singles out three fast growing consumers—electric vehicles (EVs), data centres and the rail network—which together are expected to soak up roughly 500 TWh, or 12–13 per cent of total demand. Their rise signals a shift away from the historical dominance of household and traditional industrial loads.OmniScience Executive Vice President Ashwini Shami said the trend reflects “accelerating industrial growth, digital transformation and a rising quality of life” and opens significant investment doors in renewables, grid upgrades and storage.Per capita use is forecast to jump from 1 400 kWh in 2024 to 2 575 kWh in 2035 as incomes climb and more energy intensive appliances enter homes. The commercial and services sector will be another major driver: its power draw is set to rise 4.4 fold to 798 TWh, a compound annual growth rate of 13.2 per cent, giving it nearly one fifth of national consumption.Transport will see the fastest growth, with usage by EVs and electrified railways surging from 25 TWh in 2022 to 162 TWh in 2035—a 16.8 per cent CAGR—underpinned by government targets for net zero emissions, a 500 GW renewable capacity, wider EV adoption and nationwide charging infrastructure.Overall, the report argues, India’s energy transition is no longer optional: it is essential to sustain economic momentum while meeting climate goals, and it creates a multi billion pound opportunity for investors prepared to back green generation and modernised grids.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->