The increasing demand for renewable energy has made it an extremely active and rapidly growing market. However, the question arises as to where these technologies are produced. As per the International Energy Agency, China is currently the leader in sustainable-energy tech manufacturing globally.
Data shows that China dominates in the production units for most sustainable-energy resources. For instance, the country's production capability for offshore wind towers is 53%, while the onshore wind tower's capability is 55%. China's production of solar wafers accounts for 96% of the overall total, while solar cells and modules manufacturing stands at 85% and 75%, respectively. The country's development capacity for electric vehicles is 71%, and for fuel cell ones, it stands at 47%.
Moreover, the country also holds a major stake in the formation of heat pumps and electrolyzes, with shares of 39% and 41%, respectively. Electrolyzes separate hydrogen gas from water molecules and can be used for various industrial and commercial applications, including as energy for fuel cell cars and trucks.
The brilliance of this country in eco-friendly tech manufacturing is a result of the country's consistent investment in this sector over the past few years. China has set ambitious targets for carbon neutrality and has made significant strides in transitioning from a coal-dependent economy to a low-emission economy.
Europe and America's northern side also give their stake significantly to sustainable-energy tech manufacturing, but they lag behind China. Europe accounts for 41% of offshore wind tower production ability and 18% of onshore wind towers. The continent's development power for solar cells and modules is 13% and 18%, respectively. The stake in e-vehicle production volume in Europe is 26%, while that of fuel cell ones is 14%.
On the other hand, North America's stake in these technologies is relatively low compared to these both regions. It holds for only 6% of offshore wind tower production volume and 12% of onshore wind towers. For solar cells and modules in North America is 3% and 11%, respectively. For e-vehicles, the stake of manufacturing output in this region is 10%, while that of fuel cell trucks is 19%.
To sum up, thanks to several key factors, some countries have become the hub of clean-energy tech. One of these is the low expense of production in China, which permits the country to produce goods at a more competitive price than many other countries. Another factor is China's prominence in renewable energy metal handling. These materials are critical components in much sustainable energy tech, including electric vehicles and renewable energy systems. Finally, China has profited from clean regulations backing from the government, which has helped to build robust and competitive sectors in the country.
H/T: VisualCapitalist
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Data shows that China dominates in the production units for most sustainable-energy resources. For instance, the country's production capability for offshore wind towers is 53%, while the onshore wind tower's capability is 55%. China's production of solar wafers accounts for 96% of the overall total, while solar cells and modules manufacturing stands at 85% and 75%, respectively. The country's development capacity for electric vehicles is 71%, and for fuel cell ones, it stands at 47%.
Moreover, the country also holds a major stake in the formation of heat pumps and electrolyzes, with shares of 39% and 41%, respectively. Electrolyzes separate hydrogen gas from water molecules and can be used for various industrial and commercial applications, including as energy for fuel cell cars and trucks.
The brilliance of this country in eco-friendly tech manufacturing is a result of the country's consistent investment in this sector over the past few years. China has set ambitious targets for carbon neutrality and has made significant strides in transitioning from a coal-dependent economy to a low-emission economy.
Europe and America's northern side also give their stake significantly to sustainable-energy tech manufacturing, but they lag behind China. Europe accounts for 41% of offshore wind tower production ability and 18% of onshore wind towers. The continent's development power for solar cells and modules is 13% and 18%, respectively. The stake in e-vehicle production volume in Europe is 26%, while that of fuel cell ones is 14%.
On the other hand, North America's stake in these technologies is relatively low compared to these both regions. It holds for only 6% of offshore wind tower production volume and 12% of onshore wind towers. For solar cells and modules in North America is 3% and 11%, respectively. For e-vehicles, the stake of manufacturing output in this region is 10%, while that of fuel cell trucks is 19%.
To sum up, thanks to several key factors, some countries have become the hub of clean-energy tech. One of these is the low expense of production in China, which permits the country to produce goods at a more competitive price than many other countries. Another factor is China's prominence in renewable energy metal handling. These materials are critical components in much sustainable energy tech, including electric vehicles and renewable energy systems. Finally, China has profited from clean regulations backing from the government, which has helped to build robust and competitive sectors in the country.
H/T: VisualCapitalist
Read next: New Floating Solar Panels Could Help Power Over 6,000 Cities Around the World
