Australian ATW market scale was 23,900 units in 2015, a drop of 5.5% over 2014.
As Australia has some of the strictest environmental regulations in the world, the market has potential for ATW and Eco Cute water heater growth in the future.
According to the Clean Energy Australia Report 2014 released by the Clean Energy Council, the amount of generation, investment, and employment in the Australian renewable energy sector fell substantially in 2014.
Meanwhile, bipartisan legislation on the Renewable Energy Target (RET) passed in the Australian Parliament should facilitate renewable energy investment and jobs in Australia in the coming years. The government had set a highly ambitious target of getting 90% of its electricity from renewable sources by 2020.