Australia solar PV market Report, Growth Forecast, Industry statistics till 2025
Category: #business  By Partha Ray  Date: 2019-08-13
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Australia solar PV market Report, Growth Forecast, Industry statistics till 2025

Australia solar PV market size for residential and commercial sectors is estimated to exceed 5 million units by 2030 with over 16 GW additions till 2030. In 2014, the region has over 1.2 million systems with total capacity of 3.1 GW. The industry is likely to witness significant gains in this region owing to the surge in demand from residential and commercial sectors.

In 2015, highest installation of 69 MW solar PV was recorded in a month in this region. The rising trend towards commercial solar PV market size continued with the installation of more than 75 kW systems and accounted for over 30% of the total share in Australia, with expected growth in 10 kW to 30 kW in the major regions such as South Australia and NSW. The slowdown in the residential solar PV market had been compensated by growth in the commercial sector. The renewable energy is estimated to account for over 49% of total capacity by 2030, and about 33%, by generation.

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Supportive government policies and initiatives couple with increasing demand for solar systems mainly in residential applications is likely to surge the demand growth over the forecast period. However, high cost of storage, power and installation conversion devices along with inadequate number of certified installers is anticipated to hinder the industry growth over the coming few years. Decreasing costs of solar systems and energy storage devices is forecast to offer huge potential opportunity to the demand growth from 2016 to 2023. In addition, increasing prices of fossil fuels is also anticipated to act as the opportunity to boost the industry growth over the forecast period.

In 2014, Australia solar PV market size continued to make swift progress in the direction of competitiveness in the electricity sector. Declining solar PV cost with the increasing electricity cost has helped drive momentum towards dynamic grid parity. The revenues generated or savings occur in electricity cost by selling PV electricity are almost equal to or higher than the long-term cost incurred during financing and installing a PV system. Rooftop solar is the prime factor which is anticipated to augment the regional market over the forecast period.

Major points presented and analyzed in the study include multiple segmentation coverage (one or more/all) as listed below:

  • Australia solar PV Industry Landscape
  • Growth drivers
  • Pitfalls & challenges
  • Regional regulatory scenario
  • Regional pricing trends
  • Cost structure analysis
  • Industry ecosystem
  • Competitive landscape
  • Company profiles
  • Supplier information
  • Australia solar PV Market, By Product (Estimates & Forecast to 2019 / 2025)
  • Australia solar PV Market, By Application (Estimates & Forecast to 2019 / 2025)
  • Australia solar PV Market, By End-use (Estimates & Forecast to 2019 / 2025)
  • Australia solar PV Market, By Product (Estimates & Forecast to 2019 / 2025)

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The data in this Australia solar PV market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others.  The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Australia solar PV market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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