Australia Solar Photovoltaics Market By DC Voltage Type (400 V,600 V,1000 V, & 1500 V), By Installation mode (Rooftop and Ground Mounted), By End User (Residential, Commercial and Utility), By Module Type (Monocrystalline, Polycrystalline and Thin Film), By Company, By Region, Forecast & Opportunities, 2027

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.

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:
• Rooftop
• Ground Mounted
• 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]