$2.8bn
$XXX.Xm
9,363
7,917
$XXX.Xm
A surge in demand for solar panels from commercial markets has outweighed demand growth from households. Nonetheless, these trends have stimulated revenue growth. All Australian state and territory governments have provided feed-in tariffs for households, which has encouraged solar panel uptake. The 2024-25 Victorian Budget includes loans and incentives for households to install solar battery storage and hot water systems, which would help households save on their utility bills. This kind of government assistance has boosted industry demand.
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $2.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
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There are no companies that hold a large enough market share in the Solar Panel Installation in Australia industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Systems up to 9.5 kilowatts, Systems from 9.5 to 25.0 kilowatts and Systems from 25.0 to 100.0 kilowatts. Systems up to 9.5 kilowatts is the largest segment of the Solar Panel Installation in Australia.
Despite dominating the market, small-scale systems’ revenue contribution has plummeted
Industry companies install small-scale photovoltaic solar panels, and provide repair and maintenance services on existing solar panels. Companies that install large-scale commercial solar panels are excluded from the industry.
Purchase this report to view all major companies in this industry.
ANZSIC 3232 - Solar Panel Installation in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Government subsidies have encouraged households to embrace solar power. The 2024-25 Victorian Budget has incentivised households to install solar battery storage and hot wate...
Learn about an industry's products and services, markets and trends in international trade.
Businesses are increasingly warming up to solar power. Demand for installations for mid-size systems has benefited from government-backed energy loans.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Queensland dominates solar panel installation. State-based incentives, combined with sunny weather, have created the perfect conditions for solar panel installation to thrive...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition has intensified as installers have cashed in on a solar boom. Installers are fighting for market share, using their reputation to stand out from the crowd.
Learn about the performance of the top companies in the industry.
The industry has no Major Companies. Solar panel installers tend to be small and operate in single geographic areas. The physical installation of solar panels is typically co...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Installers are becoming more regulated over time. Small-scale solar panels’ popularity among consumers has prompted regulators to watch installers more closely.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Solid demand for solar power is widening industry profit margins. Growing installation volumes nationwide have improved bottom lines across the industry.
Including values and annual change:
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Solar Panel Installation industry in Australia is $2.8bn in 2024.
There are 7,917 businesses in the Solar Panel Installation industry in Australia, which has grown at a CAGR of 7.5 % between 2019 and 2024.
The market size of the Solar Panel Installation industry in Australia has been growing at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Solar Panel Installation industry in Australia is expected to grow.
Systems up to 9.5 kilowatts and Systems from 9.5 to 25 kilowatts are part of the Solar Panel Installation industry.
The level of competition is high and increasing in the Solar Panel Installation industry in Australia.