New Delhi, Oct. 2 -- Global investment in power transmission and distribution is projected to more than double from USD 443 billion in 2025 to USD 970 billion annually by 2050, as rising electricity demand from renewable energy, data centres and wider electrification puts greater pressure on power networks, according to a report by McKinsey & Company.

The increase represents an average annual growth of 3.2 per cent over the period, with transmission investment expected to grow faster at a 4.2 per cent compound annual growth rate, compared with 1.1 per cent for distribution.

"This growth is driven primarily by transmission, which is expected to expand at a 4.2 percent CAGR from 2025 to 2050, compared with 1.1 percent for distribution (ex...