With changing technologies, there is an ever-increasing demand for Power Solutions in the market. Deepak Singh Thakur discusses the position of Delta Electronics within the Power Solutions market in India.
Can give you a perspective on the condition of the power solutions in India?
First of all, India is in a transformation stage. Not only India, but the global economy is moving towards technology. India as a country is moving towards more digitization. So, when you talk about digitalization and when you talk about the development of the technologies or adoption of technologies in India, it’s still very low as compared to developed countries. So there’s a huge scope to cover up. This also adds up to various challenges. The industry is becoming more power intensive. And our demand for power, I think by 2025-30, we might require almost 2.5 times to, even three times the power, which is currently available.
That is why the government is coming up with renewable power projects, for instance, solar and wind, and a lot of other projects. But this is insufficient to create almost 2.5 times more the power which exists today. The next alternative is that we need to push corporate, which are heavy power intensive to move towards energy efficiency.
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