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AI Power Demand Soars: Indian Firms See Opportunity
27 Sep
Summary
- Data center power demand may rise 30X by 2035.
- Indian firms supply vital components for power infrastructure.
- AI and grid upgrades spur growth for electrical manufacturers.
The global data centre power infrastructure market is projected for robust growth, driven significantly by the escalating demand from Artificial Intelligence (AI). Deloitte forecasts AI data centre power demand could multiply by 30 times by 2035, emphasizing the critical need for dependable power distribution and monitoring systems. This trend presents a burgeoning opportunity for Indian manufacturers that supply specialized electrical components.
Shivalik Bimetal Controls (SBCL) is experiencing increased demand for its bimetals and low-ohmic shunts, essential for power distribution units and inverters within data centers. The company is also a key supplier for EV battery systems and smart meter rollouts, with smart meter revenue nearly doubling. SBCL is strategically shifting towards high-precision finished components and sub-assemblies, enhancing its product mix and profitability.
Rishabh Instruments, another key player, provides energy meters, digital instrumentation, and current transformers crucial for measuring and monitoring electricity consumption in data centers. The company has secured initial data center orders and is actively pursuing more, viewing AI infrastructure as a primary growth driver for its Electrical & Electronic Instrumentation segment.
Both SBCL and Rishabh Instruments are expanding their manufacturing capacities and product lines to meet this heightened global demand. While SBCL focuses on precision components for power management, Rishabh Instruments offers solutions for electrical measurement and monitoring. The success for both hinges on the rapid conversion of technical qualifications into commercial orders from global original equipment manufacturers.
