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Australia Solar Energy Market

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.

 

Australia Solar Energy Market

 

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:

  • Technology
  • Solar Module
  • Application
  • Region
Breakup by Technology
  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
Breakup by Solar Module
  • Monocrystalline
  • Calcium Telluride
  • Polycrystalline
  • Amorphous Silicon Cells
  • Others
Breakup by Application
  • Commercial
  • Residential
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Darwin Solar Pty. Ltd
  • Chint Group
  • Hanwha Q Cells Australia Pty Ltd
  • Sungrow Australia Group Pty Ltd
  • SMA Solar Technology AG

 

Australia Solar Energy Market Report Snapshots

Australia Solar Energy Market Size

 

*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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