Market dynamics, innovation, and transition in China’s solar photovoltaic (PV) industry A critical review.pdf (821.47 kB)
Market dynamics, innovation, and transition in China's solar photovoltaic (PV) industry: a critical review
journal contribution
posted on 2023-06-09, 05:05 authored by Hongyang Zou, Huibin Du, Jingzheng Ren, Benjamin SovacoolBenjamin Sovacool, Yongjie Zhang, Guozhu MaoChina's photovoltaic (PV) industry has undergone dramatic development in recent years and is now the global market leader in terms of newly added capacity. However, market diffusion and adoption in China is not ideal. This paper examines the blocking and inducement mechanisms of China's PV industry development from the perspective of technological innovation. By incorporating a Technological Innovation System (TIS) approach, the analysis performed here complements the previous literature, which has not grounded itself in a theoretical framework. In addition, to determine the current market dynamics, we closely examine market concentration trends as well as the vertical and horizontal integration of upstream and downstream actors (74.8% and 36.3%). The results of applying the TIS framework reveal that poor connectivity in networks, unaligned competitive entities and a lack of market supervision obstruct the development of China's PV industry. Therefore, we maintain that inducement mechanisms are required to instigate learning-by-doing capacities, which may help overcome blocking mechanisms and offset functional innovation deficiencies. In addition, policy implications are proposed for promoting the development of the PV industry in China.
History
Publication status
- Published
File Version
- Accepted version
Journal
Renewable and Sustainable Energy ReviewsISSN
1364-0321Publisher
ElsevierExternal DOI
Volume
69Page range
197-206Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2017-02-08First Open Access (FOA) Date
2017-11-19First Compliant Deposit (FCD) Date
2017-02-08Usage metrics
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