India, Karnataka, Bengaluru: Industrial organisations in India are showing strong commitment to energy efficiency, with 64 % already investing and a further 32 % planning to within the next year, according to a new ABB report developed with Sapio Research. Based on a survey of 2,700 executives across 15 countries, the study highlights India’s leading digital readiness at 80 %, ahead of the global average of 67 %.
Energy costs account for 28 % of operating expenses in India, and 72 % of companies report rising energy prices threaten profitability. However, the main barriers have shifted from cost to data, skills, and organisational silos. Only 41 % of Indian companies consistently consider total cost of ownership when making energy-related investments.
The report identifies workforce resistance to new technology (42 %), lack of specialist resources (42 %), and gaps in digital skills (41 %) as key obstacles. Responsibility for energy efficiency often remains fragmented across management, operations, sustainability, maintenance, and finance, reducing accountability.
Renewable energy adoption, reported by 42 % of respondents, has led to a lower focus on efficiency for some, leaving potential gains untapped. Companies invest in efficiency primarily to reduce costs (53 %), cut carbon footprints (43 %), and improve competitiveness and resilience (40 %).
ABB emphasises that closing the “execution gap” is critical. Through diagnostics, system modernisation, software tools, outcome-based financing, and lifecycle services, ABB aims to help industries embed energy efficiency into operations, enabling sustainable performance improvements and long-term resilience.
Source: PR Newswire
