of Photonics Technologies: the European Perspective The Leverage Effect
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<strong>The</strong> <strong>Leverage</strong> <strong>Effect</strong> <strong>of</strong> <strong>Photonics</strong> <strong>Technologies</strong>: <strong>the</strong> <strong>European</strong> <strong>Perspective</strong><br />
supporting policies for implementation <strong>of</strong> photonic energy systems<br />
are expected to be reduced. This will significantly lower demand for<br />
<strong>the</strong>se systems.<br />
■ Large Chinese initiatives to develop and implement photonic energy<br />
systems can create a low cost research and manufacturing that will<br />
establish an even stronger position, which will relatively weaken <strong>the</strong><br />
position <strong>of</strong> Europe.<br />
■ Various worldwide initiatives are now surfacing, e.g. in developing<br />
countries. <strong>The</strong>se can provide even more momentum to <strong>the</strong> development<br />
<strong>of</strong> more efficient and lower cost systems.<br />
<strong>The</strong> conclusion is that <strong>the</strong> value chain on photonic energy systems is highly<br />
dynamic and still in its infancy with significant fur<strong>the</strong>r development to<br />
emerge. However, <strong>the</strong> future is highly uncertain and with significant risks.<br />
Photonic energy systems: a SWOT analysis for Europe<br />
Strengths<br />
● EU has several multinationals major<br />
players at <strong>the</strong> global market<br />
● EU research is strong in several<br />
crucial areas, although it is still an<br />
upcoming area<br />
● Research is somewhat unevenly<br />
distributed along Europe<br />
● <strong>The</strong> connection between research<br />
and industry is good in Europe<br />
● EU policy in <strong>the</strong> field is highly stimulating<br />
applications<br />
Opportunities<br />
● Political pressure on sustainable<br />
energy generation is stimulating<br />
production<br />
● Cost <strong>of</strong> production is decreasing<br />
substantially, creating new market<br />
applications<br />
● Pressure on availability <strong>of</strong> fossil fuels,<br />
including <strong>the</strong> oil price, is enhancing<br />
economic feasibility<br />
Weaknesses<br />
● Dependency on governmental<br />
regulation for economic feasibility<br />
is crucial<br />
● Dominance <strong>of</strong> German industry in<br />
Europe might weaken support from<br />
o<strong>the</strong>r EU countries<br />
Threats<br />
● <strong>The</strong> weak financial position <strong>of</strong><br />
several countries is putting <strong>the</strong>ir<br />
policy under pressure<br />
● Large Chinese initiatives in this area<br />
are reducing <strong>the</strong> strong EU position<br />
● Economy <strong>of</strong> scale because <strong>of</strong> full<br />
market development can increase<br />
competitiveness<br />
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