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Australia Power Market Size, Share, Trends, Growth, Report: By Type: Oil and Natural Gas, Renewables, Coal, Hydroelectricity, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Australia Power Market Outlook
The Australia power market size reached USD 15.26 billion in 2023. The market is expected to grow at a CAGR of 3.79% between 2024 and 2032, reaching almost USD 21.02 billion by 2032.
Key Takeaways
- Geoscience Australia reports that coal stands as Australia’s primary energy reservoir. By the end of 2021, the country possessed 75,433 million tonnes (Mt) of recoverable economic demonstrated resources of black coal and 74,039 Mt of brown coal.
- As per the IEA, the proportion of oil in the energy supply reached 31.7% of the total energy supply in 2022.
- As per the Department of Climate Change, Energy, Environment, and Water 2022, Australia achieved its highest recorded share of renewables in electricity generation, including solar (14%), wind (11%), and hydro (6%).
Oil and natural gas contribute to the growth of the Australia power market as they offer a dependable energy source that can be swiftly adjusted to meet fluctuating demand, particularly during peak times.
Oil and natural gas provide dependability with swift adaptability to peak demand, cost-effectiveness due to historical pricing, advantages of existing infrastructure, versatility for multiple applications, and reduced emissions compared to coal.
However, the Australia power market growth is driven by the renewable sector. Renewables offer environmental advantages through clean energy production, sustainability from natural replenishment, diverse regional resources promoting energy independence, job opportunities, price consistency, and improved grid resilience via distributed systems.
The country has been aggressively investing in renewable sources of energy. In 2024, Amazon and Vena Energy launched the Amazon Solar Project Australia - Wandoan, a new 125-megawatt (MW) renewable energy project in Woleebee, Queensland. It includes 250,000+ solar panels, providing energy for 60,000+ households annually.
Market Segmentation
Australia Power Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Oil and Natural Gas
- Renewables
- Coal
- Hydroelectricity
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia power market key players are Energy Australia, AGL Energy Limited, Origin Energy Limited, Iberdrola Australia Limited, Goldwind Australia Pty Ltd., Momentum Energy Pty Limited, Alinta Energy Pty Limited, and Tilt Renewables and Energy Locals among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Power Market Overview
8.1 Key Industry Highlights
8.2 Australia Power Historical Market (2018-2023)
8.3 Australia Power Market Forecast (2024-2032)
9 Australia Power Market by Type
9.1 Oil and Natural Gas
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Renewables
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Coal
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Hydroelectricity
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Australia Power Market by Region
10.1 New South Wales
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Victoria
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Queensland
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Australian Capital Territory
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Western Australia
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Energy Australia
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 AGL Energy Limited
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Origin Energy Limited
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Iberdrola Australia Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Goldwind Australia Pty Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Momentum Energy Pty Limited
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Alinta Energy Pty Limited
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Tilt Renewables
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Energy Locals
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Power Market: Key Industry Highlights, 2018 and 2032
2. Australia Power Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Power Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Power Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Australia Power Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. Australia Power Market structure
Key Questions Answered in the Report
The market was valued at USD 15.26 billion in 2023.
The market is projected to grow at a CAGR of 3.79% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 21.02 billion in 2032.
The market is categorised according to the type, which includes oil and natural gas, renewables, coal, hydroelectricity, and others.
The key players are Energy Australia, AGL Energy Limited, Origin Energy Limited, Iberdrola Australia Limited, Goldwind Australia Pty Ltd., Momentum Energy Pty Limited, Alinta Energy Pty Limited, and Tilt Renewables and Energy Locals among others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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