According to estimates, by 2050, nearly half of the world's electricity will be generated by wind and solar power. Since the 1970s, fossil fuels have accounted for most of the world's electricity. By the middle of the 21st century, global electricity production will be converted from two-thirds fossil fuels to two-thirds renewable energy.

Renewable energy refers to natural resources that can be regenerated in a short period compared to fossil fuels that take more than 100 million years to generate, and will not produce other pollutants during the conversion into energy, such as solar energy, wind energy, Geothermal energy, hydropower, tidal energy, biomass energy, etc. These are all renewable energy sources currently under development in the world.

As industry 4.0 technology continues to advance, existing data can be harnessed to develop machine-learning solutions that deliver real value, optimize decision making, increase flexibility, and attract top talent.

Looking forward to the global offshore wind power market from 2019 to 2030, the annual compound growth rate will reach 15.2%. The global cumulative installed capacity will reach 86GW in 2025 and 142GW in 2030. China, the UK, and Germany will become the world’s top three markets. India, the United States, and Taiwan will become emerging markets with the greatest growth potential!