Australia Solar Power Equipment Market

Australia Solar Power Equipment Market Overview:

The Australia solar power equipment market size reached USD 4.04 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.02 Billion by 2033, exhibiting a growth rate (CAGR) of 12.4% during 2025-2033. Government incentives for renewable energy, increasing electricity costs, advancements in solar technology, environmental awareness, and strong demand for sustainable solutions in both residential and commercial sectors are some of the factors contributing to Australia solar power equipment market share.

Australia Solar Power Equipment Market Trends:

Enhanced Durability of Solar Installations

In Australia, there is a rising emphasis on increasing the longevity and resilience of solar power installations. With more unpredictable weather patterns, there is a growing demand for sturdy, weather-resistant solar equipment. Recent advancements, such as the advent of hail-resistant solar modules, are setting new market dependability standards. These developments attempt to protect solar systems against harsh weather conditions, such as hailstorms, thereby increasing the life of solar equipment. As a result, the sector is improving its ability to offer consistent renewable energy while also supporting Australia's larger aspirations for sustainable energy infrastructure development. This trend is likely to accelerate the expansion of both residential and commercial solar systems across the country. These factors are intensifying the Australia solar power equipment market growth. For example, in April 2025, Canadian Solar and Flow Power announced the deployment of anti-hail solar modules at a new solar and battery energy storage system in Coonawarra, South Australia. This marks the first use of Canadian Solar's hail-resistant technology in the country, enhancing the durability of solar installations against extreme weather. The project aims to improve the resilience and reliability of Australia's renewable energy infrastructure.

Government Support for Solar Panel Manufacturing

The Australian government is making considerable investments in the domestic solar power equipment industry to boost local manufacturing capabilities. With a significant financial initiative, efforts are being made to improve the whole solar supply chain, including the manufacture of critical components such as modules, inverters, and solar glass. This drive attempts to lessen dependency on imports while increasing local industrial capacity. In addition to strengthening the national solar infrastructure, the program is intended to provide new job opportunities in areas moving away from coal-based energy sources. Australia is taking deliberate efforts to create a sustainable and self-sufficient solar power sector, which will help the country achieve its overall renewable energy targets by encouraging innovation and local production. For instance, in March 2024, the Australian government launched the USD 1 Billion Solar Sunshot program to boost domestic solar panel manufacturing. Managed by the Australian Renewable Energy Agency (ARENA), the initiative aims to enhance the entire solar supply chain, including module assembly and related components like inverters and solar glass. The program also focuses on creating jobs in regions affected by the transition from coal energy.

Australia Solar Power Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on equipment and application.

Equipment Insights:

• Solar Panels
• Mounting, Racking, and Tracking System
• Storage System
• Others

The report has provided a detailed breakup and analysis of the market based on the equipment. This includes solar panels, mounting, racking, and tracking system, storage system, and others.

Application Insights:

• Residential
• Non-residential
• Utility

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes residential, non-residential, and utility.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Solar Power Equipment Market News:

• In April 2025, Sungrow played a key role in Australia's largest operational DC-coupled solar storage project, inaugurated by Global Power Generation in Cunderdin. The project integrates Sungrow's technology to provide sustainable energy solutions, supporting grid stability and renewable energy goals in the region. This marks a significant milestone in Australia's solar energy sector, reinforcing the role of advanced storage systems in enhancing solar power integration.
• In March 2025, Omnidian announced its acquisition of Solar Service Guys (SSG), a major provider of solar system lifecycle services in Australia. This move strengthens Omnidian's position in the Australian market, expanding service offerings for both residential and commercial solar customers. The acquisition integrates SSG’s local expertise with Omnidian’s innovative technology, aiming to enhance solar asset performance and support Australia’s growing renewable energy sector.

Australia Solar Power Equipment Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia solar power equipment market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia solar power equipment market on the basis of equipment?
• What is the breakup of the Australia solar power equipment market on the basis of application?
• What is the breakup of the Australia solar power equipment market on the basis of region?
• What are the various stages in the value chain of the Australia solar power equipment market? 
• What are the key driving factors and challenges in the Australia solar power equipment?
• What is the structure of the Australia solar power equipment market and who are the key players?
• What is the degree of competition in the Australia solar power equipment market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia solar power equipment market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia solar power equipment market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia solar power equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.