The International Energy Agency (IEA) has estimated that India will lead the world in terms of the power consumed for residential cooling. The agency estimates that India’s cooling-related energy demand will soar from 90 terawatt hour in 2016 to 1,350 terawatt hour (TWh) in 2050 — a 15-fold increase.
“The total space-cooling output capacity of residential air conditioners worldwide increases in line with the number of units brought into service over the projection period, growing from around 6200 gigawatts (GW) in 2016 to nearly 23000 GW in 2050,” the IEA has said in its report titled ‘The Future of Cooling Opportunities for Energy-efficient Air Conditioning’.
This is in line with nearer term estimates from industry watchers back home. In April, Motilal Oswal, in a report said, “With the Indian Meteorological Division forecasting above-normal temperatures in the current summer season across most parts of the country, we expect continued strong momentum in room AC sales.” Highlighting the potential demand in urban areas, Motilal Oswal said, “AC penetration remains very low at 10 per cent. There are 9.1 million households with washing machines and/or refrigerators but no ACs. Read More
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