New Delhi, March 17 -- Concerns surrounding slowing power demand and potential oversupply in the sector are largely misplaced, with underlying structural trends continuing to support long-term growth, according to a report by Anand Rathi Institutional Equities.

The report stated that headline concerns fail to capture the broader changes underway in the power ecosystem.

It noted that while "power demand plateaued at around 5 per cent p.a.," actual consumption trends remain strong, driven by rising peak demand and rapid growth in non-grid segments.

"Peak demand and non-grid consumption are rising faster," the report said, highlighting the expansion of captive power, data centres and rooftop solar.

It added that peak demand is projected ...