Solar Battery Market Analysis in Australia: SWOT and Innovation Report

This report provides a comprehensive analysis of the solar battery market in Australia, focusing on its technological innovations and market dynamics. The report begins with an introduction to solar batteries and their benefits, followed by a discussion on technological advancements, including n-type and p-type semiconductors, gallium arsenide integration, and energy storage systems using molten salt technology. A SWOT analysis is then conducted to assess the strengths, weaknesses, threats, and opportunities within the Australian market, highlighting factors such as renewable energy advantages, high installation costs, and the growing competition. The report concludes by emphasizing the potential for market growth due to increasing consumer adoption and technological advancements, while also acknowledging challenges like high installation costs and complex systems. The analysis references various studies and statistics to support its findings, offering a detailed overview of the current and future market landscape for solar batteries in Australia.

Running head: INNOVATION AND ENTERPRISE
INNOVATION AND ENTERPRISE
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Executive summary
The paper deals in the study of the market for solar batteries in Australia that effectively saves
electricity as it is made by natural processes. Solar panels effectively saves the energy and use it
fot future use. The market for solar battery has gradually developed in Australia due to its
discoveries and technological innovation which will be studied by doing a SWOT analysis.

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Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Strengths......................................................................................................................................4
Weaknesses..................................................................................................................................5
Threats.........................................................................................................................................5
Opportunities...............................................................................................................................6
Conclusion.......................................................................................................................................6
Reference List..................................................................................................................................7

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Introduction
Solar batteries are batteries that are charged with energies derived from solar panels. It
offers significant benefits to economy as it is made from solar panels that is environmentally
friendly. The market for solar battery is constantly increasing due to its technical innovation that
efficiently stores the battery parts for years. People can save more money by using solar batteries
that saves the level of electricity generated from the solar panels as the production of solar
energy is much more than the consumption. According to experts, solar batteries would be used
by the almost half of entire Australian households which shows how the market for solar
batteries would gradually develop in the Australian economy. The aim of the paper is to make a
report on solar batteries as per its innovative technologies.
Discussion
The field of solar energy is continuously innovating due to new discoveries that
efficiently consumes electricity and helps in saving cost that is generated from increased usage of
electricity.
They are more affordable and cost effective, which is significantly raising the market demand
solar batteries as more and more households and offices are shifting towards environmental
friendly and cost effective technology (Rodrigues et al. 2017). Moreover, the warranty period is
much more than the local batteries.
Technical innovations in solar batteries
Solar batteries can now perform more effectively and efficiently as the life blood of solar
PV systems has been analyzed by researchers. Previously, solar batteries only absorbed 85
percent of sunlight which has increased to 95 percentage by the usage of n-type and p-type semi-

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conductors. The introduction of gallium arsenide into the batteries made the solar panels three
times more efficient than the existing PV systems. The system has a sensor that can track the
sunlight and helps in guiding the light into the system. An energy storage system has been
introduced that uses molten salt technology that has the availability to convert inorganic salts
into solar thermals with the usage of heat transfer fluid. This gives the advantage of operating the
solar panels over 500 degree Celsius. This indicates higher power output which means that the
cost of storing the solar energy gets reduced. They are now provided with built in battery
systems that has actively influenced the performance of solar batteries. As a result, demand for
solar batteries are significantly increasing that is creating more developments for the products.
Solar batteries come up multiple forms that has effectively changed the structure of
economies as they have the advantage of saving power that is generated by the solar panels. It
will not recycle the used electricity, although it will effectively save the remaining energy for
later on use (Markovic, Nedic and Nafalski 2016). The markets for solar panels are rapidly
increasing due to significant changes in market based strategies and for the rising need to balance
the electricity demands of the economy.
The future market for solar batter batteries would be effectively analyzed with respect to
swot analysis that helps to denote the strengths and weaknesses along with its threats and
opportunities of operating in the Australian market. The market for solar panels are gradually
increasing with respect to effective techniques and technologies as per the significant changes in
market based strategies and outcomes (Nassereddine et al. 2018). As per new studies, over
70,000 Australian households has taken over the solar batteries in the past three years.
Swot analysis of the Solar batteries in Australia is stated below:

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Strengths
The usage of solar batteries has a range of advantages such as provision of renewable
energy, freedom and control over electricity, lower aggregate cost, and suitability for tax
breakage and getting the maximized return on investment (Shezan, Das and Mahmudul 2017). It
saves the electricity bills and its eco-friendly characteristic is raising the overall demand for solar
batteries in Australia. According to Shezan, Das and Mahmudul (2017), Australia is predicted to
be the world leader in home battery storage as it is the cheapest electricity alternative. Australian
households are adapting battery storage installations for shifting towards the usage of battery
installations that can significantly improve the performance of the economies as per adequate
change in market effective strategies and outcomes. It is powerful market for solar
manufacturing companies as they are effectively transitioning themselves into a good
opportunity for the rate of market based installations. Australians are very keen on eco-friendly
modes of electricity that is positing improving the markets for solar panels, new innovations and
fall in overall energy cost (Moore and Shabani 2016). Moreover, Australia enjoys high sunshine
hours which can be efficiently used for converting the electricity into solar panel systems that
will absorb the maximum amount of sunlight and help in improving the market conditions as per
significant changes in the electricity sector.
Weaknesses
The weakness is that solar batteries are effectively dependent on the energy available in
the solar panels. If the solar panel is not properly charged then solar battery will not work and
people would not get the power. Thus, it is actively dependent on temperature. As per Khalid et
al. (2018), the installation of solar panel system requires a lot of space that is effectively used by

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market based firms which is significant for the value of trade as per the effective changes in
market based strategies and outcomes.
Threats
The high installation cost creates threats for the growth of market of solar battery as
consumers can effectively shift their demand for alternative modes. On the contrary, climatic
conditions can change on a continuous basis that creates a threat for solar battery systems as they
are dependent on solar energy. The high installation cost can effectively hamper the sale of solar
panel installations. The biggest treat comes from the growing range of competition among the
manufacturing firms who are targeting Australia. As demand for solar panel installations is
maximum in Australia, price of installation can increase by further proportion which can lower
the level of economic profits for the people (Louet al. 2017). The price structure can lead to a fall
in consumer demand in Australian market. Moreover, installations are very complex which
requires time and knowledge on market based strategies and outcomes.
Opportunities
The availability of rooftop solar panels in 1.4 million households crates ample
opportunities for solar batteries which requires services. The market for solar battery is growing
by 50 fold that is significantly raising the market value to about 24 billion. The effectiveness of
the systems lies in the provision of goods and services as per effective changes in market based
strategies and outcomes. The rise in demand for solar batteries in Australia provides an effective
market system due to its innovate techniques that can automatically save energy and use them
when needed. The overall cost generated from the energy sector of Australia would gradually
decrease as people as transitioning into home based battery installations (Laslett et al. 2017).

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Leading solar panel manufacturing companies are already targeting Australia for the sale of
home-based battery systems.
Conclusion
Thus, it can be concluded that the overall market for the solar battery will improve as
consumers in Australia are shifting towards solar panel installations. The benefit of lower
electricity cost and consumption of lesser energy works significantly well for markets due to a
change in market based strategies and outcomes. Solar batteries are highly innovative as they can
adapt themselves in extreme hot weather. It has range of strengths and opportunities in Australia
due to high market demand from the households. However, high installation cost and complex
installation systems creates threats for the solar battery in Australia.

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Reference List
Khalid, M., AlMuhaini, M., Aguilera, R.P. and Savkin, A.V., 2018. Method for planning a wind–
solar–battery hybrid power plant with optimal generation-demand matching. IET Renewable
Power Generation, 12(15), pp.1800-1806.
Laslett, D., Carter, C., Creagh, C. and Jennings, P., 2017. A large-scale renewable electricity
supply system by 2030: Solar, wind, energy efficiency, storage and inertia for the South West
Interconnected System (SWIS) in Western Australia. Renewable Energy, 113, pp.713-731.
Lou, S.N., Sharma, N., Goonetilleke, D., Saputera, W.H., Leoni, T.M., Brockbank, P., Lim, S.,
Wang, D.W., Scott, J., Amal, R. and Ng, Y.H., 2017. An Operando Mechanistic Evaluation of a
Solar‐Rechargeable Sodium‐Ion Intercalation Battery. Advanced Energy Materials, 7(19),
p.1700545.
Markovic, M., Nedic, Z. and Nafalski, A., 2016. Microgrid solutions for insular power systems
in the outback of Australia. Maszyny Elektryczne: zeszyty problemowe, (1 (109)), pp.103-107.
Moore, J. and Shabani, B., 2016. A critical study of stationary energy storage policies in
Australia in an international context: the role of hydrogen and battery
technologies. Energies, 9(9), p.674.
Nassereddine, M., Rizk, J., Hellany, A., Nagrial, M., Elrafhi, A., Obeid, Z. and Hajar, K., 2018.
Stand alone PV house design for maximum power output in Sydney Australia metropolitan area.
In MATEC Web of Conferences (Vol. 171, p. 01001). EDP Sciences.

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Rodrigues, S., Torabi, R., Ramos, H.G. and Morgado-Dias, F., 2017, July. Powerwall 2.0
economic feasibility in Australia. In 2017 International Conference in Energy and Sustainability
in Small Developing Economies (ES2DE) (pp. 1-7). IEEE.
Shezan, S.K.A., Das, N. and Mahmudul, H., 2017. Techno-economic analysis of a smart-grid
hybrid renewable energy system for Brisbane of Australia. Energy Procedia, 110, pp.340-345.