CEO Olivier Blum emphasized that the acceleration of electrification parallels the advancements in AI, resulting in more intelligent processes.
Mordor Intelligence projects the smart homes market will grow from $164.13 billion in 2026 to $311.22 billion by 2031. Adoption rates are being driven by factors like device interoperability, retrofitting potential, and economies of scale.
During an interview with CNBC-TV18 at an event in New Delhi, Blum mentioned that efforts are in progress to create more connectable technologies by leveraging data from energy systems to boost intelligence in the energy sector.
He noted that improving the electrical grid’s intelligence would enhance its operational effectiveness throughout its lifecycle.
He compared the current developments to a fifth industrial revolution, highlighting a shift from the dominance of alternating current (AC) towards a more blended use of AC and direct current (DC).
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He further stated that the company is focused on automating, enhancing intelligence, and digitizing operations to seize the expanding opportunities in energy intelligence in India, stressing that “India has recognized electrification as the best and cleanest source of energy” for the future.
First Published: Apr 8, 2026 1:39 PM IST
