ABB Report: India Leads in Digital Readiness for Energy Efficiency Amid Rising Costs

A recent ABB report reveals that 64% of industrial leaders in India have invested in energy efficiency, with an additional 32% planning to do so within a year. Energy accounts for 28% of operating costs, and 72% of companies view rising energy costs as a significant threat to profitability, higher than the global average of 59%. Key barriers include workforce resistance, lack of specialist resources, and digital skills gaps. The focus has shifted from cost concerns to challenges in data, skills, and organizational silos.