| Product Code: ETC6191515 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australias Solar Photovoltaic (PV) System Market encompasses complete solar power solutions, integrating modules, inverters, mounting systems, and balance of system components. The increasing adoption of grid-connected and off-grid solar systems, especially in remote areas, is fostering market expansion. Innovative business models like solar-as-a-service and financing options are also facilitating system adoption.
The solar PV system market in Australia is increasingly characterized by integrated solutions combining modules, inverters, trackers, and energy storage. Growing consumer awareness and supportive policies are driving residential rooftop installations and large-scale solar farms. Advances in system monitoring and predictive maintenance technologies are enhancing performance and reliability.
The overall PV system market deals with integration challenges involving different system components to maximize performance and reliability. Regulatory hurdles, such as permitting and grid connection approvals, can delay project deployments. Additionally, financing and upfront investment costs remain significant barriers for many potential adopters.
Integrated PV systems that combine modules, inverters, batteries, and management software are seeing high uptake in Australia. Investors can explore this market by developing turnkey solutions for residential, commercial, and agricultural users. With smart grid integration becoming increasingly essential, investments in intelligent system design and energy management technologies are especially promising.
The Australia government provides robust policy support for the solar photovoltaic system market through the RET, which mandates a certain percentage of electricity from renewable sources. State-level feed-in tariffs, rebates, and subsidies also promote residential and commercial PV system installations. Additionally, regulatory reforms aim to modernize the electricity grid to better accommodate solar PV integration, further stimulating market growth.
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) System Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Solar Photovoltaic (PV) System Market - Industry Life Cycle |
3.4 Australia Solar Photovoltaic (PV) System Market - Porter's Five Forces |
3.5 Australia Solar Photovoltaic (PV) System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Solar Photovoltaic (PV) System Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Australia Solar Photovoltaic (PV) System Market Revenues & Volume Share, By System Type, 2021 & 2031F |
3.8 Australia Solar Photovoltaic (PV) System Market Revenues & Volume Share, By Project Type, 2021 & 2031F |
4 Australia Solar Photovoltaic (PV) System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government support and incentives for renewable energy projects. |
4.2.2 Growing environmental awareness and the shift towards clean energy sources. |
4.2.3 Declining costs of solar PV technology, making it more affordable for consumers. |
4.3 Market Restraints |
4.3.1 Fluctuating government policies and regulations impacting the solar PV market. |
4.3.2 Challenges related to grid integration and storage capabilities of solar energy. |
4.3.3 Competition from other renewable energy sources like wind and hydro power. |
5 Australia Solar Photovoltaic (PV) System Market Trends |
6 Australia Solar Photovoltaic (PV) System Market, By Types |
6.1 Australia Solar Photovoltaic (PV) System Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Multi-Si, 2021- 2031F |
6.1.4 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Mono-Si, 2021- 2031F |
6.1.5 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Thin Film, 2021- 2031F |
6.2 Australia Solar Photovoltaic (PV) System Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Hardware, 2021- 2031F |
6.2.3 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Services, 2021- 2031F |
6.3 Australia Solar Photovoltaic (PV) System Market, By System Type |
6.3.1 Overview and Analysis |
6.3.2 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Grid-Tied System, 2021- 2031F |
6.3.3 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Grid-Tied System with Battery Back-Up, 2021- 2031F |
6.3.4 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Off-Grid System, 2021- 2031F |
6.4 Australia Solar Photovoltaic (PV) System Market, By Project Type |
6.4.1 Overview and Analysis |
6.4.2 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Solar Roof Top, 2021- 2031F |
6.4.3 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Solar Car Port, 2021- 2031F |
6.4.4 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Solar Ground Mounted, 2021- 2031F |
6.4.5 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Solar BIPV, 2021- 2031F |
6.4.6 Australia Solar Photovoltaic (PV) System Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Solar Photovoltaic (PV) System Market Import-Export Trade Statistics |
7.1 Australia Solar Photovoltaic (PV) System Market Export to Major Countries |
7.2 Australia Solar Photovoltaic (PV) System Market Imports from Major Countries |
8 Australia Solar Photovoltaic (PV) System Market Key Performance Indicators |
8.1 Average installation size of solar PV systems. |
8.2 Adoption rate of solar PV systems in residential, commercial, and industrial sectors. |
8.3 Percentage of electricity generated from solar PV compared to other sources. |
8.4 Level of investment in research and development for solar PV technology. |
8.5 Number of new solar PV installations per year. |
9 Australia Solar Photovoltaic (PV) System Market - Opportunity Assessment |
9.1 Australia Solar Photovoltaic (PV) System Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Solar Photovoltaic (PV) System Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Australia Solar Photovoltaic (PV) System Market Opportunity Assessment, By System Type, 2021 & 2031F |
9.4 Australia Solar Photovoltaic (PV) System Market Opportunity Assessment, By Project Type, 2021 & 2031F |
10 Australia Solar Photovoltaic (PV) System Market - Competitive Landscape |
10.1 Australia Solar Photovoltaic (PV) System Market Revenue Share, By Companies, 2024 |
10.2 Australia Solar Photovoltaic (PV) System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |