Australia residential solar
battery market is expected to grow at a significant CAGR during the forecast
period. Lower carbon emitting energy resources and growth in the preference
shift for eco-friendly energy resources is a major driver for residential solar
battery market in Australia. High energy prices in Australia are paving the
market for solar energy and other clean energy resources. Government policies
and regulations supporting the adoption of solar energy by consumers to raise
awareness regarding the benefits of harnessing energy and efficiently
utilization of energy obtained. Residential solar battery gives consumers the
benefit of having control over their electricity and additionally put a
significant reduction in their electricity bills. Residential solar battery
system prices are rapidly falling thereby are preferred by consumers as an
alternate source of energy. Battery capacity in distributed and large-scale
sector is growing rapidly and creating the need for larger power generation in
an economical way. Increasing brand marketing in Australia is influencing the
consumers to buy batteries for residential purpose. Increasing adoption of
electric vehicles is also a promising factor fueling the demand for residential
solar battery as electricity driven vehicles requires constant charging and
charging through solar energy is cost-effective over charging through
conventional power supply. Energy requirements from various end user industries
is increasing at a rapid rate to cater the demand of growing population in
Australia, thereby making solar energy a preferred choice.
Australia residential solar
battery market is segmented into type,
technology, capacity, installation, region, and company. Based on regional analysis, Victoria
and south Australia is expected to dominate the market owing to favorable
government policies in the regions and preferable revenue policies. Western
Australia is expected to witness growth in the forecast period owing to
roll-out of plans for community people to help residential people to manage
their energy expenses during evening time and aid Western Australia electricity
during the day.
The major players operating in the
Australia residential solar battery market are Duracell
Australia Pty. Ltd, Exide Australia Pty Ltd, Fusion Power Systems Pty Ltd, LG
Chem Australia Pty Ltd, Hitachi Australia Pty Ltd., Luminous Power Technologies,
Eaton Australia, Panasonic Australia Corporation, Schneider Electric Australia
SE, GS Yuasa, and others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Australia residential solar battery market from 2017 to 2020.
- To estimate and forecast the market size of Australia
residential solar battery market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Australia residential
solar battery market based on type, technology, capacity, installation,
region, and company.
- To identify dominant region or segment in the Australia
residential solar battery.
- To identify drivers and challenges for Australia
residential solar battery.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
residential solar battery.
- To identify and analyze the profile of leading
players operating in Australia residential solar battery.
- To identify key sustainable strategies adopted
by market players in Australia residential solar battery market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Australia residential solar battery market
using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Residential solar battery manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to residential solar battery
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022E
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Forecast Period
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2023F – 2027F
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Type
·
Technology
·
Capacity
·
Installation
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Region Scope
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Australia Capital Territory & New South Wales, Northern
Territory & Southern Australia, Western Australia, Queensland, Victoria
& Tasmania
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Key Companies Profiled
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Duracell Australia Pty. Ltd, Exide Australia Pty Ltd, Fusion
Power Systems Pty Ltd, LG Chem Australia Pty Ltd, Hitachi Australia Pty Ltd.,
Luminous Power Technologies, Eaton Australia, Panasonic Australia
Corporation, Schneider Electric Australia SE, GS Yuasa.
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Customization Scope
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10% free report customization with purchase. Addition or alteration
to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Australia residential
solar battery market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
·
Australia Residential Solar
Battery Market, By Type:
- Tall Tubular Battery
- Flat Plate Battery
- Australia Residential Solar Battery Market, By Technology:
- Lead Acid
- Lithium Ion
- Sodium Based
- Others
- Australia Residential Solar Battery Market, By Capacity:
- Up to 50 kW
- 51 to 250 kW
- 251 to 500 kW
- 501 to 1000 kW
- >1000kW
- Australia Residential Solar Battery Market, By
Installation:
- Australia Residential Solar Battery Market, By Region:
- Australia Capital Territory & New South Wales
- Northern Territory & Southern Australia
- Western Australia
- Queensland
- Victoria & Tasmania
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Australia residential solar battery market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Australia residential solar battery market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]