Australia solar photovoltaics market
is expected to grow at a double digit CAGR during the forecast period, 2023-2027.
Favorable government policies encouraging small solar generation projects and
supportive government packages for bloom of solar industry is expected to drive
the Australia solar photovoltaic market. Reduction in electricity bills as
solar energy is cost-effective than conventional energy sources is driving the
Australia solar photovoltaics market. Consumer preference shift towards
eco-friendly energy sources is fueling the solar photovoltaics market. Lower
carbon footprint into environment is fostering the demand for solar
photovoltaics market. Decreasing cost of solar photovoltaic and related systems
is expected to boost the market growth for the next five years. Large-scale
renewable energy target 2021 is considered a major milestone for the growth of
the solar photovoltaics market. High-end investments by the key players are augmenting
the market growth. Construction of solar power generation plants on an enormous
scale is anticipated to bolster the solar power market growth for the predicted
power which ultimately is going to boost the growth of the solar photovoltaics
market. Rise in utilization of solar energy in utility sector is influencing
the growth of the solar photovoltaics market in Australia.
Australia
solar photovoltaics market is segmented into DC voltage type, installation mode, end
user, module type, region, and company. New south wales, Victoria and
Queensland is dominating the market in 2021 and is expected to maintain its
dominance throughout the forecast period. Increasing electricity demand in the
country is paving the way for a consistent growth of the market. Also, electricity
load is expected to rise owing to construction of large solar plants during
peak hours. Research and development to invent and upgrade the existing
infrastructure is expected to propel the solar photovoltaics demand. Increasing
affordability among population for air conditioners and high energy consuming
appliances is going to foster the market growth for the forecast period.
The major players operating in the
Australia solar photovoltaics market are Sun Power Corporation, Tindo Solar, Trina
Solar, Risen Australia, Australian Solar Manufacturing Pty. Ltd., WINAICO
Australia Pty Ltd, Q CELLS Australia Pty. Ltd, Suntech, Seraphim Solar
Australia, Australian Premium Solar, 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 solar photovoltaics market from 2017 to 2020.
- To estimate and forecast the market size of Australia
solar photovoltaics market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Australia solar
photovoltaics market based on DC voltage type, installation mode, end
user, module type, region, and company.
- To identify dominant region or segment in the Australia
solar photovoltaics.
- To identify drivers and challenges for Australia
solar photovoltaics.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
solar photovoltaics.
- To identify and analyze the profile of leading
players operating in Australia solar photovoltaics.
- To identify key sustainable strategies adopted
by market players in Australia solar photovoltaics 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 which
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 solar photovoltaics 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:
- Solar photovoltaics manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to solar photovoltaics
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.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Years
|
2017 – 2020
|
|
Estimated Year
|
2022E
|
|
Forecast Period
|
2023F – 2027F
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments Covered
|
·
DC Voltage Type
·
Installation Mode
·
End User
·
Module Type
|
|
Region Scope
|
Australia Capital Territory & New South Wales, Northern
Territory & Southern Australia, Western Australia, Queensland, Victoria
& Tasmania
|
|
Key Companies Profiled
|
Sun Power Corporation, Tindo Solar, Trina Solar, Risen
Australia, Australian Solar Manufacturing Pty. Ltd., WINAICO Australia Pty
Ltd, Q CELLS Australia Pty. Ltd, Suntech, Seraphim Solar Australia,
Australian Premium Solar.
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Australia solar
photovoltaics market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
·
Australia Solar Photovoltaics Market,
By DC Voltage Type:
- 400 V
- 600 V
- 1000 V
- 1500 V
- Australia Solar Photovoltaics Market, By Installation
Mode:
- Australia Solar Photovoltaics Market, By End User:
- Residential
- Commercial
- Utility
- Australia Solar Photovoltaics Market, By Module
Type:
- Monocrystalline
- Polycrystalline
- Thin
Film
- Australia Solar Photovoltaics 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 solar photovoltaics 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 Solar Photovoltaics 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]