Moment in the sun: Adoption rates have slowed due to adjustments to subsidies and rebates

The Solar Panel Installation industry's operators install, maintain and certify small-scale household photovoltaic (PV) systems, which are more commonly referred to as solar panels. Over the past five years, all state and territory governments have provided feed-in tariffs for households, which has encouraged the uptake of solar panels. However, reductions in subsidies and feed-in tariffs have reduced the economic value of solar panels, leading to a slower rate of annual installations over the period.Industry revenue has significantly fluctuated over the past five years, as households have rushed to install systems ahead of changes to subsidies. This has resulted in peaks and troughs in industry activity. Industry revenue is expected to rise at an annualised more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has significantly fluctuated ahead of changes to subsidies
  • An international commitment to reduce Australia’s carbon emissions has driven government subsidies
  • Industry subsidisation is expected to wane, leaving solar technology to compete on its own merits
  • Industry Report - Industry Key Buyers Chapter

    The Solar Panel Installation industry exhibits low market share concentration. No firms are expected to account for over 5% of industry revenue in 2018-19. Most industry enterprises are small-scale contractors and tradespeople that install solar panels on behalf of electricity and solar panel retailers. All contractors that work in the industry must obtain accreditation from Australia's Clean Energy Council to ensure that the systems they install meet industry and Australian best practice and safety standards. Over the past five years, the industry's market share concentration has remained steady at a low level...purchase to read more.

    Additional Insights for the Solar Panel Installation Industry

    IBISWorld has determined the most important Key Success Factors for the Solar Panel Installation are:

  • Optimum capacity utilisation
  • Access to the latest available and most efficient technology and techniques
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of households and Real household discretionary income in the Solar Panel Installation industry impact industry performance..

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    What's in this report

    What is the Solar Panel Installation Industry?

    Industry companies install household 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.

    Industry Products
  • Monocrystalline solar cells
  • Polycrystalline solar cells
  • Amorphous solar cells
  • Industry Activities
  • Household solar panel installation
  • Solar panel repair and maintenance
  • Accredited power grid connection
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of households
  • Real household discretionary income
  • Trade-weighted index
  • Electricity service price
  • Public concerns over environmental issues

  • Current Performance
  • The rationale behind subsidies
  • Industry dynamics
  • Chart: Revenue Growth

  • Industry Outlook
  • Solar uptake
  • Subsidies decline
  • Price-based adoption
  • Table: Solar Panel Installation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Solar Panel Installation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • House Construction
  • Consumers

  • Key Selling Industries
  • Electric Cable and Wire Manufacturing
  • Hardware Wholesaling
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Monocrystalline solar cells
  • Polycrystalline solar cells
  • Amorphous solar cells
  • Chart: Solar Panel Installation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Zone three households
  • Zone two households
  • Zone four households
  • Zone one households
  • Chart: Major Market Segmentation for the Solar Panel Installation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Solar Panel Installation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Solar Panel Installation Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Solar Panel Installation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Solar Panel Installation Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Crystalline Silicon
  • The form of silicon used to manufacture solar cells.
  • Feed-In Tariff
  • A guaranteed payment to solar-powered households for electricity that is produced at a certain rate, typically higher than the market rate.
  • Off-Grid
  • A solar power system constructed in a closed unit that does not feed back into the utility grid.
  • Photovoltaics (Pv)
  • A process where solar radiation is converted to electric power.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Solar Panel Installation market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Solar Panel Installation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Solar Panel Installation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Solar Panel Installation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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