Open AccessAn economic analysis of the solar photovoltaic/thermal (PV/T) technologies in Sweden: a case study
Author(s) -
Xingxing Zhang,
Jinshun Wu,
Song Pan,
Mengjie Han
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/556/1/012002
Subject(s) - photovoltaic system , swot analysis , renewable energy , context (archaeology) , business , solar energy , market share , market analysis , industrial organization , sustainable development , environmental economics , economics , marketing , engineering , political science , geography , archaeology , electrical engineering , law
The solar energy share in Sweden will soar over the next decades. Such transition offers not great opportunity but uncertainties for the emerging solar PV/thermal (PV/T) technologies. There are still critical challenges for PV/T development in Swedish scenario. This paper aims to investigate the local policies and market structures in Sweden by a set of analytical economic frameworks and a case study. A macro-economic exposure analysis in Swedish context is conducted and a PEST model is then applied for analysis of external environment of PV/T industry in Sweden. The PV/T market is further analysed based on a case product by means of SWOT and Porter’s five forces. The whole study concludes that the market of solar PV/T is expanding mostly towards small-and medium-sized energy plants. The market position of the case company meets the trend of PV/T market, which has an overwhelming competence against its competitor in the domestic market. This paper is expected to clarify the economic situations of PV/T in Sweden and promote its further development towards sustainable and low-carbon economics.