India’s Quest for Energy Efficiency

Energy efficiency is one of the quickest and most cost-effective ways for a growing economy like India’s to increase the amount of energy available for use. Energy efficiency is growing globally –but is especially important in Asia – as rapidly growing economies have to meet their population's energy needs, and these countries will in turn drive the growth and development of the global market. In Asia, energy consumption is expected to double between 2006 and 2030 – and together, China and India will drive 30 percent of the total energy consumption out of that region by the end of that period.  But, the efficiency industry and market is growing in very different ways in China and India, and is progressing faster in China than its Indian counterpart.  There are a number of hurdles that have prevented India from realizing the potential of this market, which need to be understood to move forward.  This GR brief takes an in-depth look at India’s nascent energy efficiency market, some of its peculiarities and obstacles to competitive rates of growth, with an eye towards capturing a snapshot of emerging opportunities.

Drive to Efficiency

Energy efficiency markets worldwide are being driven by industry needs to reduce operation costs, particularly in a competitive global economy. The growth of megacities, and the transportation and infrastructure demands of the accompanying workforce also drives the need for energy efficiency. Finally, government initiatives at both a federal and state level –  more stringent efficiency regulations, preferential tax benefits and new subsidies—are driving the growth of this market.

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