Solar Power Sector Has Huge Growth Potential in Australia, Informs Kuick Research in Its New Report Recently Uploaded at MarketPublishers.com
27 Oct 2016 • by Natalie Aster
LONDON – Australia is considered to have one of the best solar energy resources worldwide, with high level of solar radiation and also vast land-mass appropriate for large-scale solar developments. Solar radiation per square meter in the country is the highest across all continents. Therefore, Australia is looking forward to tap these immense resources to generate a prominent share of electricity, so that it will improve the country’s position of one of the highest per capita emitters of greenhouse gases.
However, despite this resource advantage, the proportion of solar power based electricity output in the country is still half the OECD average. The major factors restraining the solar industry development in Australia include high costs of materials and installation procedures, need for substantial additional infrastructure and also certain difficulties in storing solar energy. But, remarkable advances in solar technologies together with falling costs will likely spur an increase in solar energy in the country during the coming decades.
Topical research report “Australia Solar Power Sector Future Outlook 2020” drawn up by Kuick Research highlights the solar power market scenario in Australia. It offers trustworthy data on the historical evolution of this sector, presents a clear understanding of the current market state and also gives comprehensive projections for the domestic solar power market up till 2020. The report explores the major factors shaping the country’s solar power market, touches upon the regulative norms, reviews the existing and emerging technologies and also discusses top trends and opportunities.
For other insightful market research studies by Kuick Research follow to this Market Publishers’ catalogue.