OmniScience Report | Watt’s The Future: India’s 4 Trillion Unit Electricity Consumption by 2035

OmniScience Capital has released a landmark report, “Watt’s The Future: India’s 4 Trillion Unit Electricity Consumption by 2035,” forecasting a dramatic 3x rise in India’s electricity demand over the next decade. The report highlights a surge from 1.4 trillion units in 2023 to over 4 trillion units (4,000 TWh) by 2035, driven by transformative shifts in industry, transport, commercial activity, and the data economy.

Key Highlights from the Report:
• Massive Power Growth: India’s total electricity demand is projected to grow at a 9.2% CAGR, reaching nearly 4,041 TWh by 2035.
• Per Capita Surge: Consumption per capita is expected to double from ~1,400 KWh in 2024 to ~2,575 KWh by 2035.
• The Power Trio: Electric Vehicles (EVs), Data Centers (DCs), and Railways together will consume nearly 500 TWh, accounting for 12–13% of India’s electricity usage.
• Industry Outpaces Today’s Total: The industrial sector alone will consume 1,650 TWh—surpassing India’s total power usage in 2023.
• Transport Sector Booms: The fastest-growing segment, with a projected 16.8% CAGR, led by EV adoption and railway electrification.
• Commercial Uptick: Power demand in commercial sectors (retail, hospitality, healthcare) is expected to rise 4.4x to 798 TWh by 2035.
• Residential Demand Crosses 1,000 TWh: Growing urbanization and appliance penetration will drive significant increases in household power usage.
• Agricultural Shift: While still growing, electricity use in agriculture will become more efficient due to electrification and modernization.

The Investment Angle:
OmniScience’s analysis covers the performance and forward valuations of 230 power-related companies across 10 categories. The total market cap of India’s power ecosystem, as of June 2025, stands at ₹74.4 lakh crore. Key segments like power infrastructure, renewables, EVs, and grid modernization show promising multi-year growth potential.

“As India powers ahead toward a 4 trillion-unit future, electricity is no longer just a utility — it’s the currency of industrial ambition, digital growth, and national inclusion,” said Mr Ashwini Shami, Executive Vice President and Portfolio Manager, OmniScience Capital.

Looking Ahead:
OmniScience’s upcoming report will explore a ₹60–65 trillion capital investment opportunity emerging across generation, grid, and green energy infrastructure required to support India’s evolving power needs.

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