Here comes the sun: Revenue is projected to rise as electricity costs increase

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. Fees for installation services account for the largest share of industry revenue. This trend contributes to significant revenue volatility, as industry players have historically depended on regulation-induced demand from households. The adoption of PV systems by households initially grew exponentially due to rising electricity bills, major government subsidies and solar panel cost reductions. Over the past five years, all state and territory governments have provided feed-in tariffs for households, which has encouraged the uptake of solar more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • State and territory feed-in tariffs for households have encouraged the uptake of solar panels
  • 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 - Starting a New Business Chapter

    The industry exhibits moderate barriers to entry, and this trend has remained steady over the past five years. The initial costs of establishing operations in the industry are low and do not prohibit prospective contractors from entering the industry. Prior to entry, industry participants are required to complete the same vocational training as all electricians. In addition, installers must be accredited by the Clean Energy Council for consumers to obtain credits or rebates through the government. Accreditation typically differs between standalone systems and solar systems that are connected to the grid.Reputation is also crucial for the large number of very small operators in the industry. To ...purchase to read more.

    Additional Insights for the Solar Panel Installation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Solar Panel Installation Industry 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
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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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