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Australia Solar Energy Market Size, Share, Trends, Growth: By Technology: Solar Photovoltaic (PV), Concentrated Solar Power (CSP); By Solar Module: Monocrystalline, Calcium Telluride, Polycrystalline, Amorphous Silicon Cells, Others; By Application: Commercial, Residential; Regional Analysis; Competitive Landscape; 2024-2032
Australia Solar Energy Market Outlook
The Australia solar energy market size is projected to grow at a CAGR of 11.77% between 2024 and 2032.
Key Takeaways
- The Australian Renewable Energy Agency reported that by 2022, over three million Australian households, accounting for approximately 30%, had rooftop solar PV systems with a combined capacity of 17 GW, boosting the Australia solar energy market growth.
- According to the Department of Climate Change, Energy, the Environment, and Water, renewable energy sources, including solar (14%), accounted for 32% of Australia's overall electricity production in 2022.
- ARENA states that a key advantage of CSP lies in its ability to efficiently store captured heat over extended periods, with minimal energy loss, enabling electricity generation or heat provision during periods of sunlight absence.
Solar photovoltaic systems drive the Australia solar energy market growth by utilizing sunlight, a renewable and sustainable resource, to generate electricity, thereby decreasing reliance on fossil fuels.
Solar Photovoltaic (PV) systems in the solar energy market provide renewable energy sourced from sunlight, decreasing reliance on fossil fuels, offering low operating expenses, requiring minimal maintenance, reducing carbon footprint, ensuring energy independence, scalability, and enabling remote power generation.
Concentrated Solar Power (CSP) in the solar energy market provides thermal energy storage for continuous electricity, large-scale power generation, dispatchable power, job opportunities, enhanced energy security, reduced water consumption, versatile applications, and environmental advantages.
In March 2024, Australian researchers achieved a new milestone in the development of flexible, lightweight, and portable solar cells, breaking records for sunlight conversion into energy. Unlike conventional rigid and heavy solar panels, these cells are produced by printing ink on thin plastic films.
Market Segmentation
Australia Solar Energy Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Technology
- Solar Photovoltaic (PV)
- Concentrated Solar Power (CSP)
Market Breakup by Solar Module
- Monocrystalline
- Calcium Telluride
- Polycrystalline
- Amorphous Silicon Cells
- Others
Market Breakup by Application
- Commercial
- Residential
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia solar energy market key players are Darwin Solar Pty. Ltd., Chint Group, Hanwha Q Cells Australia Pty Ltd., Sungrow Australia Group Pty Ltd. and SMA Solar Technology AG among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Solar Module |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Solar Energy Market Overview
8.1 Key Industry Highlights
8.2 Australia Solar Energy Historical Market (2018-2023)
8.3 Australia Solar Energy Market Forecast (2024-2032)
9 Australia Solar Energy Market by Technology
9.1 Solar Photovoltaic (PV)
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Concentrated Solar Power (CSP)
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Solar Energy Market by Solar Module
10.1 Monocrystalline
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Calcium Telluride
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Polycrystalline
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Amorphous Silicon Cells
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Solar Energy Market by Application
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Solar Energy Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Darwin Solar Pty. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Chint Group
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Hanwha Q Cells Australia Pty Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sungrow Australia Group Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 SMA Solar Technology AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Solar Energy Market: Key Industry Highlights, 2018 and 2032
2. Australia Solar Energy Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Australia Solar Energy Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Australia Solar Energy Historical Market: Breakup by Solar Module (USD Million), 2018-2023
5. Australia Solar Energy Market Forecast: Breakup by Solar Module (USD Million), 2024-2032
6. Australia Solar Energy Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Australia Solar Energy Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Australia Solar Energy Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Solar Energy Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Solar Energy Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 11.77% between 2024 and 2032.
The solar energy market is categorised according to technology, which includes solar photovoltaic (PV) and concentrated solar power (CSP)
The key players are Darwin Solar Pty. Ltd., Chint Group, Hanwha Q Cells Australia Pty Ltd., Sungrow Australia Group Pty Ltd. and SMA Solar Technology AG among others
Based on solar energy applications, the market is divided into commercial and residential.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others
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