Base Year
Historical Year
Forecast Year
Value in AUD PJ
2024-2032
Australia Solar Energy Market Outlook
*this image is indicative*
Australia solar energy market is comprised of technologies including concentrated solar power and solar photovoltaic. Solar energy consumption is contributing to the sustainable usage of energy.
As per the Department of Climate Change, Energy, the Environment and Water, solar energy generation holds the share percentage of around 24.4% in 2021-2022 whereas the growth percentage of the same is around 25.1%.
The Australia solar energy market is enhanced by the increase in technological innovations, renewable energy storage innovations, generation of a sustainable future, and low maintenance of solar panels.
Technological Innovations
The automated solar panel cleaning machine was launched in the Canning Vales by the Solar Energy Robotics as a step towards supporting sustainability.
Community battery installation drives the Australia solar energy market growth as it allows residential buildings to reduce their energy bills.
Australia solar energy market development is attributed to the installation of concentrated solar thermal technology (CST) in the place of PV solar energy.
Once installed, these solar panels don’t require much maintenance as they don’t have more parts installed in them thus driving Australia solar energy market growth.
On grazing land near Winton, in Victoria, the construction of the first solar project of 56MW named Mokoan has begun by the Denmark-based European Energy.
PV technology is being used to produce the latest solar panels as this technology has helped in increasing the efficiency of the solar panels. Perovskite solar cells are a type of PV technology.
In Australia, the new rooftop solar panel has been launched with a 1komma5° electrification outfit. The power ranges provided by these rooftop solar panels include 415W, 420W and 425W.
To increase efficiency and higher energy conversion rate, the REC group launched Alpha Pure-RX which is a new 470-watt rooftop solar panel.
As per the Australia solar energy market report, innovations such as automated solar panel cleaning machines have helped in cleaning the solar panels. Moreover, the Australia solar energy market growth is being driven by the residential installation of community batteries which store solar energy.
The high usage of CST over PV is due to their easy access in the dark and high efficiency thus working as the renewable energy storage innovation. The innovation came to light as silver was being replaced by copper as it is comparatively cheaper than silver and plays a significant role in the production of the most efficient commercial-sized solar cells.
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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
Market Breakup by Solar Module
Market Breakup by Application
Market Breakup by Region
Australia solar energy market growth is being guided by the significant usage of concentrated solar power as these can store thermal energy at higher levels as compared to the photovoltaic cells. Thus, making them easily accessible for larger projects that require higher thermal energy indicates that the CSP is much more efficient as compared to the photovoltaic cells.
They are highly efficient as compared to the other types of solar modules. The sunlight-capturing ability is higher in monocrystalline as compared to the other, thus making them best suited for the formation of solar panels. Amorphous silicon cells are used in calculators as they store little energy as compared to conventional crystalline solar cells.
Commercially, solar energy can be used for various purposes including food processing, mineral processing, enhanced oil recovery etc. Thus, Australia solar energy market growth is being guided by the commercial use of solar energy as it helps in reducing the energy bills of commercial buildings and contributes to environmental protection.
The Australia solar energy market competitiveness has increased due to technological innovations, renewable energy storage innovations, generation of a sustainable future, and low maintenance of solar panels.
Darwin Solar Pty. Ltd. is involved in providing products such as PV direct hot water, solar panels, PV direct hybrid solar air conditioning, PV direct irrigation, AC/DC hybrid pool systems etc.
Chint Group, is a South Australia-based energy solution provider. It provides various products including low voltage products, instruments and meters, automation, and new energy products such as CPS combiner box, Intersensor etc.
Hanwha Q Cells Australia Pty Ltd., is an energy solution provider company aiming at producing sustainable clean energy solutions. It offers various products including solar panels, home batteries and battery apps.
Sungrow Australia Group Pty Ltd., is a solar inverter developing company. It offers various products such as power conversion systems, batteries, and energy storage systems among others.
Other Australia solar energy market key players are SMA Solar Technology AG and among others
As per Clean Energy Council, the capacity of solar projects completed in 2022 in New South Wales was around 150 MW whereas for Western Australia it was around 13.6MW. This indicates that the capacity of the solar energy projects completed was high in New South Wales as compared to that in Western Australia.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 11.77% between 2024 and 2032.
The bicycle market is growing with an increase in technological innovations, renewable energy storage innovations, generation of a sustainable future, and low maintenance of solar panels.
Based on the technology, the solar energy market is bifurcated into solar Photovoltaic and Concentrated Solar Power (CSP).
Key players in the Australia solar energy industry 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 modules, the solar energy market is divided into Monocrystalline, Calcium Telluride, Polycrystalline, Amorphous Silicon Cells and others.
The different applications of solar energy include commercial and residential.
The market is broken down into New South Wales, Victoria, Queensland, Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
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| Breakup by Technology |
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| Breakup by Solar Module |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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