Indian industries to accelerate energy efficiency investments within next five years, says ABB survey

According to the Energy Efficiency Investment Survey 2022, commissioned by ABB, 32 per cent of companies are planning to make energy efficiency improvements in 2022, while seven out of 10 companies are upgrading their equipment to best-in-class energy efficiency ratings. Half of those investing or planning investments in energy efficiency cited production as their high-priority area for investment, followed by facilities, including building management; heating, venting and air conditioning; and lighting. In alignment with commitments at the Glas­gow COP26 conference last year, one of the key findings of the survey reveals that Indian industries are inc­rea­sing investments in energy efficiency over the next five years, as the crucial race towards net zero intensifies.