India’s AC Ownership Has Tripled Since 2010, To Outpace TVs, Refrigerators By 2050: IEA — News18

The buy of air conditioners in India has surged, with possession tripling since 2010. Currently, a median of 24 out of each 100 properties has an air conditioner. This has led to a 21% spike in energy consumption for cooling areas between 2019 and 2022, as per knowledge from the International Energy Agency (IEA).

Moreover, these numbers are anticipated to extend additional. By 2050, possession is projected to extend ninefold, which is able to evidently outpace different well-liked

dwelling home equipment

like washing machines, TVs, and fridges within the Stated Policies Scenario (STEPS) by 2050.

In reality, 10% of India’s power consumption now stems from cooling necessities. As per the IEA, “Over the past five decades, India has witnessed over 700 heatwave events, which have claimed over 17,000 lives. Fueled by its geographic and meteorological conditions, air conditioner ownership in India has been steadily rising with growing incomes, tripling since 2010 to reach 24 units per 100 households.”

“The impact of cooling needs on electricity consumption is already clear,” the IEA added.

And as a stunning reality, the IEA studies that India’s electrical energy consumption stemming from cooling wants will enhance to a stage by 2050 that can outpace the whole power expenditure of the entire of Africa as we speak.

But, this may be mitigated to some stage by having constructing codes, utilizing extra environment friendly home equipment, and adopting demand response will enable the identical cooling power must be met with much less energy.

“Lowering cooling demand through energy efficiency policies, therefore, reduces the need for investment in batteries or expensive standby generation capacity, thus helping to integrate renewables more cost-effectively,” the IEA stated.

Furthermore, as reported by PTI, the IEA claims that India is getting into a “dynamic new phase in its energy development marked by a long-term net-zero emissions ambition, increased regulatory sophistication, a focus on clean energy deployment, and the creation of domestic clean energy technology supply chains.”

India has additionally introduced a net-zero emissions goal by 2070 by decreasing the consumption of fossil fuels and decreasing CO2 emissions. “While clean energy investment in India more than doubles in the STEPS by 2030 from around USD 60 billion in 2022, investment needs to nearly triple by the end of this decade to be on a trajectory to meet its net-zero emissions target,” the IEA added.