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Comparative Analysis of the Photovoltaic Industry in China and the US: Policy, Innovation, and Market Competitiveness

Year: 2024

Type: article

Abstract: The photovoltaic (PV) industries of China and the United States have evolved in distinctively different ways, driven by vastly contrasting government policies, technological innovations, and market dynamics. Over the period from 2015 to 2024, the Global Price of Energy Index witnessed a significant surge of 42%, bringing the urgency for viable renewable energy solutions to the forefront. China's PV industry, underpinned by robust government support and substantial investments, has soared to global prominence through its large-scale manufacturing capabilities and efficient production processes. In stark contrast, the U.S. PV industry places a greater emphasis on pioneering technological advancements in advanced PV technologies, yet it still relies heavily on imports to meet domestic demand. By analyzing data sourced from the International Energy Agency and industry-specific reports, this comparative analysis illuminates how these fundamental differences will mold the future competitiveness of both nations within the PV sector and profoundly influence the trajectory of the global energy transition.

Source: Journal of Education Humanities and Social Sciences

DOI: 10.54097/bqgdq374

Authors: Zihan Chen, Zihan Chen, Bo Song, Jiachen Yan

Institutions: Johns Hopkins University, Duke University, University of Florida, Shanghai University of International Business and Economics

Language: English

Topic: Photovoltaic Systems and Sustainability

Subfield: Environmental Engineering

Field: Environmental Science

Domain: Physical Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure, Climate action

Open Access status: diamond

OpenAlex ID: W4405394349

FWCI:

Cites: 5

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Related to: 10