Urbanization and industrialization have been traditional growth drivers for the Indian wire and cable industry. However, in the coming years, growth in this sector will also be determined by new-age drives like the 5G spectrum, robotics & automation, and the increasing role of cloud-based data sharing, notes Gary Bateman.
The India elevator industry is today the second largest in the world, only after China. There are several drivers that are propelling the industry growth of around 5.2 per cent per year over the next five years. Urbanization is the key to growing demand of elevators, and it is tier-2 and tier-3 cities that are evincing higher demand, notes Manish Mehan.
The Asia Pacific (APAC) region is witnessing a widespread shift from fossil fuels to variable renewable energy sources like solar and wind power. In fact, renewable energy penetration in the APAC region is likely to grow by 47 per cent between now and 2030. In this backdrop, energy storage systems (ESS), a crucial link for grid stability, are becoming increasingly viable, assert Dr George Garabandic and Anirudh Sharma.
India’s National Hydrogen Mission (NHM) is a very significant step and can sow the seeds of the country’s eventual energy-independence, notes Ashwini Kumar.
The most impactful strategy to stimulate infrastructure growth is effective deployment of capital resources by the government, notes Shashank Agarwal.
Climate change is indeed a developmental challenge. It has had wide-reaching impact on not just the environment but also on the socio-economic fabric. It is time to move on from a fossil-based economy to a solar energy-driven one, feels Chiranjeev Saluja.
As the world moves towards a solar energy revolution, Artificial Intelligence-based technologies are gaining prominence and significance, notes Shashank Agarwal. .
Effective deployment of capital resources by the government can be a productive strategy to stimulate growth in the infrastructure sector, notes Shashank Agarwal, Managing Director, Salasar Techno Engineering Ltd.
The standardization of technical specification of transformers incorporating the best practices and latest technological developments and future trend is the need of hour to ensure quality, reliability and to have uniform practice across the utilities in the country, notes S. K. Ray Mohapatra, Chief Engineer & Senior Member IEEE, Central Electricity Authority, Ministry of Power, Government of India.
India comes third in terms of energy consumption after the USA and China and the per-capita energy consumption in India is only poised to go up in the coming years. In fact, some projections suggest that India’s energy consumption will almost double in the coming decade or so. Despite this, India, as a nation, still relies on archaic energy distribution infrastructure, and therefore needs to seriously rethink the fuel distribution model, notes Chetan Walunj, Co-founder, Repos Energy.