Australia Residential Solar Battery Market By Type (Tall Tubular Battery, and Flat Plate Battery) By Technology (Lead Acid, Lithium Ion, Sodium Based, Others) By Capacity (Up to 50 kW, 51 to 250 kW, 251 to 500 kW, 501 to 1000 kW, >1000kW) By Installation (On-grid, Off-grid), By Company, By Region, Forecast & Opportunities, 2027

Australia residential solar battery market is expected to grow at a significant CAGR during the forecast period. Lower carbon emitting energy resources and growth in the preference shift for eco-friendly energy resources is a major driver for residential solar battery market in Australia. High energy prices in Australia are paving the market for solar energy and other clean energy resources. Government policies and regulations supporting the adoption of solar energy by consumers to raise awareness regarding the benefits of harnessing energy and efficiently utilization of energy obtained. Residential solar battery gives consumers the benefit of having control over their electricity and additionally put a significant reduction in their electricity bills. Residential solar battery system prices are rapidly falling thereby are preferred by consumers as an alternate source of energy. Battery capacity in distributed and large-scale sector is growing rapidly and creating the need for larger power generation in an economical way. Increasing brand marketing in Australia is influencing the consumers to buy batteries for residential purpose. Increasing adoption of electric vehicles is also a promising factor fueling the demand for residential solar battery as electricity driven vehicles requires constant charging and charging through solar energy is cost-effective over charging through conventional power supply. Energy requirements from various end user industries is increasing at a rapid rate to cater the demand of growing population in Australia, thereby making solar energy a preferred choice.

Australia residential solar battery market is segmented into

The major players operating in the Australia residential solar battery market are Duracell Australia Pty. Ltd, Exide Australia Pty Ltd, Fusion Power Systems Pty Ltd, LG Chem Australia Pty Ltd, Hitachi Australia Pty Ltd., Luminous Power Technologies, Eaton Australia, Panasonic Australia Corporation, Schneider Electric Australia SE, GS Yuasa, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study

• To analyze the historical growth of the market size of Australia residential solar battery market from 2017 to 2020.
• To estimate and forecast the market size of Australia residential solar battery market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast Australia residential solar battery market based on type, technology, capacity, installation, region, and company.
• To identify dominant region or segment in the Australia residential solar battery.
• To identify drivers and challenges for Australia residential solar battery.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia residential solar battery.
• To identify and analyze the profile of leading players operating in Australia residential solar battery.
• To identify key sustainable strategies adopted by market players in Australia residential solar battery market.

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• Residential solar battery manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to residential solar battery

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.