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A cluster analysis of the global wind power industry: Insights for renewable energy business stakeholders and environmental policy decision makers
Berlin School of Economics and Law, Germany.
Aalborg University, Denmark.ORCID iD: 0000-0003-1832-8613
University of West Georgia Carrollton, USA.
2022 (English)In: Business Strategy and the Environment, ISSN 0964-4733, E-ISSN 1099-0836, Vol. 32, no 6, p. 2755-2766Article in journal (Refereed) Published
Abstract [en]

In light of an ongoing climate change and an increasing fragility of fossil energy supply due to global political tensions, the adoption of renewable energy sources is of utmost importance for economic and social prosperity. This study targets to endeavor major value chain configurations within the global wind power industry network based on a data set of 326 relationships established by the 10 globally leading wind turbine firms covering a time span of 15 years. We discuss the demand side and provide an overview of the main wind power investment target countries and compare the importance of different regions. On the supply side, we analyze and identify eight important firm clusters within the global wind power business network. Concerning our sample, we elaborate horizontal and vertical relationship links, their collaboration patterns, regional partner preferences, and their value chain competences, thus providing valuable insights into the competitive structures of the wind power industry. By doing so, we open the debate on appropriate and efficient firm strategies within renewable industries. As consequence, we provide robust empirical evidence on global wind power industry architectures and corresponding competitive firm forces for the future. As we found that the industry is currently divided into eight main global industry clusters, our study delivers valuable industry network insights addressing managerial, political, and socioeconomic decision makers in order to secure future ecological and economic prosperity in a challenging world.

Place, publisher, year, edition, pages
John Wiley & Sons, 2022. Vol. 32, no 6, p. 2755-2766
National Category
Business Administration
Research subject
Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-125181DOI: 10.1002/bse.3268ISI: 000861664000001Scopus ID: 2-s2.0-85138855760OAI: oai:DiVA.org:lnu-125181DiVA, id: diva2:1811537
Available from: 2023-11-13 Created: 2023-11-13 Last updated: 2023-11-16Bibliographically approved

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Bhatti, Waheed Akbar

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3940414243444542 of 70
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Output format
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