Australia Solar Photovoltaic (PV) Market Size Competitive Landscape & Forecast, 2016 – 2023
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. Get sample pages from latest research r...