Posted On: 2022-04-21
Mumbai, Metropolitan Region Power Sector Outlook (2014 - 2025) – 6Wresearch
Mumbai’s power demand is expected to surge in the coming years owing to growing demand from residential sectors due to increasing population density and upcoming real estate and luxury housing projects such as Raheja Imperia I, Rustomjee Global City, Wadhwa Pristine and other such projects. Moreover, hotels especially in the business districts of Mumbai like Bandra Kurla Complex in North-Mumbai, Marathon Futurex in Lower Parel, Marathon Millennium in Mulund and similar projects have significantly contributed towards the increased power demand. Additionally, demand for 5626 MW peak power by 2025 is on the back of inorganic growth in power demand in the region owing to s projects such as Mumbai metro rail, data centers, EV infrastructure.
According to 6Wresearch, Mumbai Power Demand And Supply is projected to grow substantially during 2017-2025F. The anticipated growth in power demand would be due to progressively increasing per capita consumption, considering the fact that it is 9th largest city by population in the world.
According to Akash Sharma, Assistant Manager, 6Wresearch, “Growing presence of MNCs and IT parks in the region, coupled with efforts by the Maharashtra government to support development of data centers would propel power demand for power from the IT sector, as the city continues to be a major data center hub for the country.” Data Centers would contribute a major chunk in augmenting the demand for power in the MMR region.
According to Shivankar Guha, Research Associate, 6Wresearch, “Convert 15% of Maharashtra State Road Transport Corporation’s (MSRTC) existing bus fleet to electric.” The development of EV infrastructure in the region would contribute ~150MW rise in power demand in the MMR region.
Mumbai Metropolitan Region Power Sector Outlook (2014 - 2025)” report provides an in-depth analysis with 14 figures and 6 tables, covered in 41 pages. The report estimates and forecast the overall Mumbai Metropolitan Region Power Sector by sectors such as residential, commercial, industrial in addition to economic developments in areas such as EV infrastructure, Data Centers, Mumbai metro rail. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.