The recent emergence of renewable energy and other cleantech industries has attracted
considerable attention in innovation studies. These have emphasized the core role of processes such
as entrepreneurial activities, knowledge generation and regulatory support for research and
development. Processes of market formation have either been neglected or considered in aggregate
terms only. We therefore propose to analyze such market formation dynamics in more detail, drawing
on the technological innovation systems framework. The conceptual approach is applied to the rapid
expansion of photovoltaic markets in Germany over the past twenty years.
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