Market Size of Australia Coal Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Coal Market Analysis
The Australian coal market is expected to register a CAGR of more than 1.4% during the forecast period. The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a decline in demand for coal. Currently, the market has reached pre-pandemic levels.
- Factors such as an increase in demand for power generation and the presence of large coal reserves are driving the growth of the coal market in Australia. Also, the growing demand for bituminous coal reserves, which have a major share in the Australian coal market, is expected to drive the market study.
- However, the shift to alternative sources of energy, such as natural gas and renewables for power generation, and the environmental impacts of coal mining are likely to restrain the growth of the coal market in Australia over the forecast period.
- Adopting new technologies such as geospatial data, 3D mapping, and hyperspectral core imaging in coal mining operations is expected to provide an opportunity for the Australian coal market in the near future.
