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

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App