Consumption of energy in India has increased steadily over the past decade and is likely to grow at an average of 6% annually based on annual GDP growth of 8% for 2011–2020. Considering the massive development in India's infrastructure and real estate sectors, demand for electricity is anticipated to nearly double over the next ten years. India’s current electricity consumption of approximately 600 TWh annually is likely to surpass 1,000 TWh annually by 2020.
In its new market study, "Indian Energy Sector 2011–2020: Economic and Risk Analysis," Lucintel analyzes and identifies India’s energy sector and outlines areas of opportunity for the coming decade.
Lucintel's research indicates that, with a forecast population growth rate of 1.3% annually and 8% GDP growth for the next decade, India's per capita income is expected to double, leading to greater energy consumption. With an 8% GDP growth scenario and government plans and policies, commercial energy needs are expected to increase to more than 2,100 Mtoe by 2031–32. The prices of other energy sources such as fossil fuel and gasoline also drive the demand for energy. Coal remains India’s most important fuel and its use is expected to triple between 2005 and 2030.
Lucintel's report provides detailed trend and forecast data for different energy sources in India; specifically, the demand and supply analysis with future forecasts for 2020. The report analyzes the drivers that lead the demand in different energy segments and the supply challenges these segments are likely to face. The study considers various policies the government of India is implementing and others it is likely to employ in the future to bridge the gap between energy demand and supply. The macroeconomic fundamentals of India also are analyzed, offering insights into how the country’s economy continues to develop. India’s future economic growth rate and demand in the various energy sectors provide understanding into which sector should perform well over the next decade.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that help facilitate critical decisions with greater speed, insight, and cost efficiency. To find out more, please visit www.lucintel.com.