Australia Solar Inverter Market (2018-2024): Market Forecast by Power Rating, by Types, by Applications, by Regions, and Competitive Landscape

The Australia Solar Inverter Market Revenues are Projected to Reach $884.5 Million by 2024

Australia Solar Inverter market is at the growing stage. Several upcoming solar power plant projects such as Western Downs Green Power Hub (500MW), Yuleba North Solar Project (300MW) and Wandoan South Solar project (1,000MW) in the country along with increasing residential rooftop solar PV systems are expected to drive the demand for solar inverters across Australia over the coming years. Further, the Australian government invested around $8.5 billion in renewables in 2017, according to the United Nations (UN) report and $316.2 million has been allocated to the Australian Renewable Energy Agency budget in 2019, which would help to strengthen the solar energy sector across the country and pave way for the upliftment of the solar inverter market over the coming years.

According to this research, the Australia Solar Inverter Market revenues are projected to reach $884.5 million by 2024. Australia solar inverter market is highly competitive and fragmented with the presence of domestic, international and unorganized market participants. The market is broadly divided into four segments, according to power ratings, with the below 10kW segment dominating the market revenues. The segment would continue to lead throughout the forecast period owing to rising demand in the residential and commercial & industrial sectors.

By types, the string solar inverters dominated the market in 2017. The segment is anticipated to maintain its dominance during the forecast period as well on account of increasing adoption of solar energy by the residential, commercial and industrial sectors across the country.

The report thoroughly covers Australia Solar Inverter Market by power rating, by types, by verticals and by regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Historical Data of Australia Solar Inverter Market Revenues and Volume for the Period 2014-2017.
• Market Size & Forecast of Australia Solar Inverter Market Revenues and Volume for the Period 2018-2024F.
• Historical Data of Australia Solar Inverter Market Revenues and Volume by Power rating for the Period 2014-2017.
• Market Size & Forecast of Australia Solar Inverter Market Revenues and Volume by Power rating for the Period 2018-2024F.
• Historical Data of Australia Solar Inverter Market Revenues by Types for the Period 2014-2017.
• Market Size & Forecast of Australia Solar Inverter Market Revenues by Types for the Period 2018-2024F.
• Historical Data of Australia Solar Inverter Market Revenues by Verticals for the Period 2014-2017.
• Market Size & Forecast of Australia Solar Inverter Market Revenues by Verticals for the Period 2018-2024F.
• Historical Data of Australia Solar Inverter Market Revenues by Regions for the Period 2014-2017.
• Market Size & Forecast of Australia Solar Inverter Market by Regions for the Period 2018-2024F.
• Market Drivers and Restraints.
• Market Trends and Developments.
• Players Market Share.
• Company Profiles.
• Strategic Recommendations.

Markets Covered

The report provides a detailed analysis of the following market segments:

By Power Ratings

• Below 10kW
• 10kW-100kW
• 100.1kW-1MW
• Above 1MW

By Types

• Central Inverter
• String Inverter
• Micro Inverter

By Applications

• Residential
• Commercial & Industrial
• Utility

By Regions

• New South Wales
• Western Australia
• Victoria
• Queensland
• South Australia
• Others (Tasmania & Northern Territory)