Product Code: ETC6191514 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Solar Photovoltaic PV Panels Market includes the manufacturing, sales, and installation of solar modules that convert sunlight into electricity. In Australia, expanding government incentives, decreasing costs, and growing environmental awareness drive panel adoption. The market features diverse technologies, including monocrystalline, polycrystalline, and thin-film panels, each with varying efficiencies and applications.
The solar panel market is marked by the growing adoption of high-efficiency monocrystalline panels, alongside emerging bifacial and tandem cell technologies that improve energy yield. Cost reductions and enhanced warranties are making solar panels more accessible to residential, commercial, and utility-scale customers. Integration with smart monitoring systems and hybrid solar solutions is gaining traction.
The PV panel market contends with market saturation and intense price competition, especially due to low-cost imports. There are also concerns regarding panel recycling and end-of-life disposal regulations. The lack of local manufacturing capacity makes the market vulnerable to international supply chain disruptions and fluctuating foreign exchange rates.
The core of Australia solar transformation lies in the PV panels market, which presents robust investment opportunities. As utility-scale and residential solar projects expand, there is consistent demand for high-efficiency, low-cost panels. Investments in local panel manufacturing facilities, R&D for next-generation solar technologies (like perovskite or tandem cells), and recycling systems for end-of-life panels can yield long-term benefits and align with Australias sustainability goals.
The Australia solar PV panel market is heavily supported by government subsidies under the SRES, which offers small-scale technology certificates (STCs) for eligible installations. Additionally, utility-scale solar farms receive support through state-based Renewable Energy Targets (RETs) and funding from ARENA. There is also increasing emphasis on local content requirements and quality certifications, ensuring that imported and locally produced panels meet specific environmental and efficiency standards.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Solar Photovoltaic (PV) Panels Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Solar Photovoltaic (PV) Panels Market - Industry Life Cycle |
3.4 Australia Solar Photovoltaic (PV) Panels Market - Porter's Five Forces |
3.5 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume Share, By Grid Type, 2021 & 2031F |
3.7 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Australia Solar Photovoltaic (PV) Panels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for solar PV installations |
4.2.2 Growing awareness and adoption of renewable energy sources |
4.2.3 Declining costs of solar PV technology |
4.2.4 Increasing electricity prices |
4.2.5 Environmental concerns and sustainability goals |
4.3 Market Restraints |
4.3.1 Policy and regulatory uncertainty |
4.3.2 Intermittency and variability of solar energy generation |
4.3.3 Initial high upfront costs of solar PV installations |
4.3.4 Competition from other renewable energy sources |
4.3.5 Grid integration challenges |
5 Australia Solar Photovoltaic (PV) Panels Market Trends |
6 Australia Solar Photovoltaic (PV) Panels Market, By Types |
6.1 Australia Solar Photovoltaic (PV) Panels Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Crystalline Silicon, 2021- 2031F |
6.1.4 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Thin Film, 2021- 2031F |
6.1.5 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Australia Solar Photovoltaic (PV) Panels Market, By Grid Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By On-grid, 2021- 2031F |
6.2.3 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Off-grid, 2021- 2031F |
6.3 Australia Solar Photovoltaic (PV) Panels Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Commercial & Industrial, 2021- 2031F |
6.3.4 Australia Solar Photovoltaic (PV) Panels Market Revenues & Volume, By Utilities, 2021- 2031F |
7 Australia Solar Photovoltaic (PV) Panels Market Import-Export Trade Statistics |
7.1 Australia Solar Photovoltaic (PV) Panels Market Export to Major Countries |
7.2 Australia Solar Photovoltaic (PV) Panels Market Imports from Major Countries |
8 Australia Solar Photovoltaic (PV) Panels Market Key Performance Indicators |
8.1 Average installation size of solar PV systems |
8.2 Percentage of electricity generated from solar energy |
8.3 Investment in research and development for solar PV technology |
8.4 Number of new solar PV installations |
8.5 Efficiency improvements in solar PV panels |
9 Australia Solar Photovoltaic (PV) Panels Market - Opportunity Assessment |
9.1 Australia Solar Photovoltaic (PV) Panels Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Australia Solar Photovoltaic (PV) Panels Market Opportunity Assessment, By Grid Type, 2021 & 2031F |
9.3 Australia Solar Photovoltaic (PV) Panels Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Australia Solar Photovoltaic (PV) Panels Market - Competitive Landscape |
10.1 Australia Solar Photovoltaic (PV) Panels Market Revenue Share, By Companies, 2024 |
10.2 Australia Solar Photovoltaic (PV) Panels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |