Austria Solar Energy Market

Austria Solar Energy Market by Technologies (Solar Photovoltaic (PV) and Solar Thermal), End-users (Residential and Industrial), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-966
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 162
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The Austria solar energy market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for clean energy and electricity to reduce greenhouse gas emissions (GHG), and create sustainable form of energy.

Austria Solar Energy Market-Key Takeaways

Solar energy is the radiant energy emitted from the sun. It is an efficient form of unconventional energy and a convenient renewable solution toward growing GHG and global warming. Solar power is an effective alternative to fossil fuels that are responsible for polluting the environment and global warming as well. It is one of the most reliable and clean energy resources. Solar power is generated through various technologies such as solar PV, solar thermal, concentrated solar thermal (power), and concentrated PV.

Solar technologies capture the solar radiation and turn it into useful form of energy. On the fall of the radiations on the solar panel, energy from the sunlight is absorbed by the PV cells in the panel. This energy produces electrical charges that move to an internal electrical field in the cell, causing electricity to flow.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising environmental concerns, future energy supply security, and increasing investment in the solar energy industry are projected to boost the market growth.
  •  Growing awareness among consumers regarding renewable energy benefits is anticipated to drive the market growth during the forecast period.
  • Low operation & maintenance cost are expected to fuel the market growth in the coming years.
  • Increasing application of solar energy is anticipated to create remunerative opportunities for industry players during the forecast period.
  • Expensive nature of solar equipment & batteries and high capital investment can restrict the market growth.
  • Low capacity factor in comparison to other sources is anticipated to hamper market growth and can create challenges for the solar power industry participants in the projected timeline.
  • Increasing demand for parabolic troughs and solar energy towers in electricity generation are expected to spur the demand for concentrated PVs in the country.
  •  Expanding demand for energy owing to rising population and increasing industrialization is anticipated to boost the solar energy market during the forecast period.
  • Ongoing R&D investments and increasing technological advancement by Austria’s National Energy and Climate Plan (NECP) for roof mounted PV system is estimated to offer immense opportunities for the market players during the forecast period.

Scope of the Report

The report on the Austria solar energy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Solar Energy Market - Austria Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Solar Photovoltaic (PV) and Solar Thermal) and End-users (Residential and Industrial)

Regional Scope

Austria

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Wien Energie GmbH, KPV Solar GmbH, Energetica Industries GmbH, Sharp Corporation, and Hilber Solar GmbH


Austria Solar Energy Market Segment Insights

Solar photovoltaic (PV) segment is projected to account for major market share
In terms of technologies, the market is bifurcated into solar photovoltaic (PV) and solar thermal. The solar photovoltaic (PV) segment is projected to account for a large market share during the forecast period owing to increasing number of plans to achieve climate neutrality, increase electricity supply from renewable sources, and to reduce GHG emissions. According to the National Energy and Climate Plan, Austria's power production target from solar PV is expected to be 2 TWh by 2030, 3 TWh by 2040, and 5 TWh by 2050.

Austria Solar Energy Market-By Technologies

Residential segment to dominate the market
On the basis of end-users, the Austria solar energy market is segmented into residential and industrial. The residential segment dominated the market share in 2020, in terms of revenue. This segment is anticipated to continue its dominance during the forecast period. Growing adoption of rooftop solar and increasing customer awareness about the usage of eco-friendly source of energy are driving the segment growth. Moreover, rapid urbanization and increasing construction activities in the country is expected to proliferate the market segment growth.

 Austria Solar Energy Market-By End Users

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Energy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Energy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Energy Market - Supply Chain
  4.5. Global Solar Energy Market Forecast
     4.5.1. Solar Energy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Energy Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Solar Energy Market Absolute $ Opportunity
5. Global Solar Energy Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Solar Energy Market Size and Volume Forecast by End Users
     5.3.1. Residential Industrial
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Solar Energy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Solar Energy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Solar Energy Demand Share Forecast, 2019-2026
7. North America Solar Energy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Solar Energy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Solar Energy Market Size and Volume Forecast by End Users
     7.4.1. Residential Industrial
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Solar Energy Demand Share Forecast, 2019-2026
8. Latin America Solar Energy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Solar Energy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Solar Energy Market Size and Volume Forecast by End Users
     8.4.1. Residential Industrial
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Solar Energy Demand Share Forecast, 2019-2026
9. Europe Solar Energy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Solar Energy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Solar Energy Market Size and Volume Forecast by End Users
     9.4.1. Residential Industrial
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Solar Energy Demand Share Forecast, 2019-2026
10. Asia Pacific Solar Energy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Solar Energy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Solar Energy Market Size and Volume Forecast by End Users
     10.4.1. Residential Industrial
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Solar Energy Demand Share Forecast, 2019-2026
11. Middle East & Africa Solar Energy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Solar Energy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Solar Energy Market Size and Volume Forecast by End Users
     11.4.1. Residential Industrial
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Solar Energy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Solar Energy Market: Market Share Analysis
  12.2. Solar Energy Distributors and Customers
  12.3. Solar Energy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Wien Energie GmbH
     12.4.2. Energetica Industries GmbH
     12.4.3. Sharp Corporation
     12.4.4. KPV Solar GmbH
     12.4.5. Hilber Solar GmbH
Segments Covered in the Report
The Austria solar energy market has been segmented on the basis of

Technologies
  • Solar Photovoltaic (PV)
  • Solar Thermal
End-users
  • Residential
  • Industrial
Country
  • Austria
Key Players
  • Wien Energie GmbH
  • Energetica Industries GmbH
  • Sharp Corporation
  • KPV Solar GmbH
  • Hilber Solar GmbH

Key players competing in the Austria solar energy market include Wien Energie GmbH, KPV Solar GmbH, Energetica Industries GmbH, Sharp Corporation, and Hilber Solar GmbH.

Companies are partnering with government bodies and construction developers to expand their market share.

Austria Solar Energy Market-By Key Players

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