DOAJ Open Access 2021

The development of a novel framework based on a review of market penetration models for energy technologies

Saiedreza Radpour Md Alam Hossain Mondal Deepak Paramashivan Amit Kumar

Abstrak

The aim of this paper is to review and evaluate models used to assess the market penetration of energy technologies. While there are different models and tools, choosing the appropriate approach for a particular application is very challenging. In this paper, each model is reviewed and discussed extensively and a hierarchy diagram is developed to help choose a model. Market penetration models based on subjective estimation and market survey could be individual-dependent and not reliable for long-term forecasts. Cost estimation, diffusion, and econometric models offer more reliable results both for short- and long-term forecasts. Based on the review, a new combined model was developed and applied to a case study. The combined use of different market penetration models offers more accurate and robust results, as demonstrated in the case study.

Topik & Kata Kunci

Energy industries. Energy policy. Fuel trade

Penulis (4)

Saiedreza Radpour

Md Alam Hossain Mondal

Deepak Paramashivan

Amit Kumar

Format Sitasi

APA MLA BibTeX

Radpour, S., Mondal, M.A.H., Paramashivan, D., Kumar, A. (2021). The development of a novel framework based on a review of market penetration models for energy technologies. https://doi.org/10.1016/j.esr.2021.100704

Akses Cepat

PDF tidak tersedia langsung

Cek di sumber asli →

Lihat di Sumber doi.org/10.1016/j.esr.2021.100704

Informasi Jurnal

Tahun Terbit: 2021
Sumber Database: DOAJ
DOI: 10.1016/j.esr.2021.100704
Akses: Open Access ✓