Global Shore Power Market

Gaarti23 Aug, 2021Health

Considering the enough resource availability, big market potential & cost attractiveness, onshore wind is anticipated to drive total renewables development in many regions during the forecast period. For the next three decades, onshore wind power installations would need to have a YoY CAGR of more than 6.34 percent. This suggests that the global installed capacity of onshore wind would raise more than three-fold by 2030 (to 1?787?GW) & nearly ten-fold by 2050, reaching 5?044?GW, related to 542?GW in the year 2018. An average CAGR of more than 6.65 percent for the next three decades is well below what has been achieved since 2000, with the historical average CAGR between 2000 & 2018 at around 20. 34 percent.