화학공학소재연구정보센터
Energy Policy, Vol.67, 301-318, 2014
Prospects for global market expansion of China's wind turbine manufacturing industry
Emerging economies are increasingly contributing to global innovation, including clean-tech innovation. The development of China's wind power sector has often been used to illustrate this point. China's domestic wind power market is the largest in the world and is largely supplied by domestic manufacturers. Competition for market share in the domestic market may pressure firms to innovate, which consecutively improves prospects for global expansion. This paper reviews developments in China's domestic wind turbine market using the Technological Innovation System framework. We analyze the pressure to innovate arising from market competition and assess the prospects for global expansion of Chinese wind turbine manufacturers. We conclude that domestic customers are not pressured or incentivized to perform with respect to power output, such that turbine manufacturers are not pressured to perform with respect to turbine efficiency or maintenance needs. Pressure to innovate is further reduced by formalizing connections between wind farm developers and turbine manufacturers. Chinese turbine manufacturers cannot yet compete with leading global brands in technological leadership. The prospects for exports are improved, however, by the preferential supply of project financing from institutional investors, such as the China Development Bank, from Chinese utilities that seek global expansion and from the manufacturers themselves. (C) 2014 Elsevier Ltd. All rights reserved.