Projected share of molybdenum demand in the global energy industry by technology 2050

Published by Statista Research Department, Oct 30, 2023
Renewable energy generation and storage technologies will require molybdenum for their operations. By 2050, it is projected that approximately 47 percent of the molybdenum used in the energy industry worldwide will be consumed by wind power applications.

Forecast distribution of molybdenum demand in the energy industry worldwide in 2050 by technology*

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Release date

May 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

*Forecast under the two degree scenario.
**CCS: Carbon capture and storage.

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