Market Size of Australia Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 63.97 gigawatt |
| Market Volume (2029) | 84.19 gigawatt |
| CAGR (2024 - 2029) | 5.65 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australian Power Market Analysis
The Australia Power Market size in terms of installed base is expected to grow from 63.97 gigawatt in 2024 to 84.19 gigawatt by 2029, at a CAGR of 5.65% during the forecast period (2024-2029).
- Over the medium term, the Australian power market is likely to grow in the coming years due to the increasing electricity demand from the manufacturing and mining industries and the availability of a broad range of fuel sources for electricity generation.
- On the other hand, the phasing out of coal-based power plants is expected to hinder the growth of the Australian power market.
- Nevertheless, the increasing penetration of wind, solar, small hydro, and other renewables-based power generation, rising electric vehicle and heat pump demand, and increasing export requirements via interconnectors have resulted in increased requirements for the installation of Transmission and Distribution (T&D) lines, creating several opportunities for the major companies.
