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Austria Solar Energy Market Size, Share & Growth | Report 2031

Austria Solar Energy Market

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Segments - by Technologies (Solar Photovoltaic (PV) and Solar Thermal), End-users (Residential and Industrial), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

Austria Solar Energy Market Outlook 2031

The Austria solar energy market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 17.47% during the forecast period 2023 - 2031. 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.

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.

Austria Solar Energy 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 Austria solar energy 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 Austria solar energy 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 Austria Solar Energy Market 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	2022
Historic Data	2016–2021
Forecast Period	2023–2031
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 austria solar energy market share 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.

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.

Segments

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

Competitive Landscape

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.

Table Of Content

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 (000â€™ 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

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FAQ Section

Some frequently asked questions about this report!

1. How big is the Austria Solar Energy Market?

Austria Solar Energy Market is growing at a CAGR of 17.47% in forecast period.

2. What is the study period of this market?

The Austria Solar Energy Market is studied from 2023 - 2031.

3. Which segment holds the largest market share?

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.

4. Who are the key players in Austria Solar Energy Market?

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.