Electrification - Market 2030

Demand

USD bn

Aerial view new cars for sale stock lot row, New Cars dealer inventory import export business logistic global.

Electric vehicles

1,700

+19%

+7%

USD bn

875

Building renovation

-8%

USD bn

690

Combustion engine cars

+8%

USD bn

700

Power electronics

-2%

USD bn

220

Oilfield services

+6%

USD bn

120

Solar module manufacturing

Enablers

workers and machinery in a solar panel manufacturing industry factory.

+18%

USD bn

875

Wind and solar power

USD bn

130

Non-utility storage

-6%

USD bn

83

Natural gas infrastructure

Supply

+34%

Offshore wind turbines farm on the ocean. Sustainable energy production, clean power.