India is the world's third-largest electricity producer and consumer. It is one of the world's most diversified energy sectors, with various generation sources that range from conventional resources, such as coal, gas, oil, and nuclear, to renewable ones, such as solar and wind. Developing adequate infrastructure, in accordance to India's energy policy, is a fundamental need for the country's sustainable growth.
India's power sector is transforming, similar to many other countries in the Asia/Pacific (excluding Japan) (APEJ) region. This IDC presentation analyzes the overall outlook of India's power sector, including its regulatory structure, strategic priorities, focus areas, policies, trends, challenges, enabling technologies, sustainable development, key market players, and investment scenarios. This presentation also examines the COVID-19 pandemic's impact — from adversely affected power demand (with the total power supply declining by almost a 25% year-on-year [YoY] basis during the enforced lockdowns) to financial distress within the industry (with distribution companies, which were already under losses, further damaged).
"To overcome growing challenges and meet electricity needs, India is increasingly focusing on energy security and sustainability. The country is now emerging as one of the world's growing markets embracing the latest technologies, such as Internet of Things (IoT), cloud, big data and analytics (BDA), and artificial intelligence (AI) to meet consumers' energy demand and electrification needs," says Jayesh Verma, research manager, Energy Insights, IDC Asia/Pacific.