Industry Expansion refers to the process by which a business or sector increases its production capacity, market reach, or overall economic activity. This can involve the growth of existing companies, the emergence of new firms, or the development of new markets for products and services. Industry expansion can occur through various means such as investment in new technologies, acquisition of resources, scaling operations, entering new geographical regions, or diversifying product lines. The aim is often to enhance competitiveness, generate higher revenues, and meet growing consumer demand. Factors influencing industry expansion include market trends, economic conditions, regulatory changes, and innovations that open new avenues for growth.
Market Oversaturation: The solar industry in China is grappling with a demand crisis as the market faces oversaturation due to an abundance of manufacturers engaging in fierce competition. Despite a…