Beyond Dawlish

Australia Hydropower Market Overview

Market Statistics

Base Year: 2023

Market Size in 2023: 17.3 TWh

Market Size in 2032: 23.6 TWh

Market Growth Rate: 3.10% (2024-2032)

 

The Australia hydropower market is expanding rapidly, owing to several interconnected factors. According to the latest report by IMARC Group, the market size reached 17.3 TWh in 2023. Looking forward, IMARC Group expects the market to reach 23.6 TWh by 2032, exhibiting a growth rate (CAGR) of 3.10% during 2024-2032.

 

Download sample copy of the Report: https://www.imarcgroup.com/australia-hydropower-market/requestsample

 

Australia Hydropower Industry Trends and Drivers:

 

The Australia hydropower market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the nation's emphasis on renewable energy sources to mitigate climate change and lower carbon emissions. Besides this, Australia's renewable energy portfolio includes hydropower, which is highly advantageous due to its ample water resources, especially in locations with heavy rainfall.

 

In line with these factors, the Australia hydropower market is expanding more quickly due to the initiatives of government bodies encouraging the switch to cleaner energy and large investments in renewable infrastructure. Additionally, hydropower's reliability as a baseload energy source, capable of supplying steady electricity, makes it attractive compared to other intermittent renewable energy sources such as wind and solar.

 

The integration of pumped hydro energy storage (PHES) systems is further enhancing the market, enabling energy storage during periods of low demand for use during peak hours. Another significant trend shaping the Australia hydropower market is the increasing use of digital technologies to optimize the efficiency and sustainability of hydropower plants. Smart grid integration and real-time monitoring systems are being deployed to ensure better management of water resources and energy generation.

 

Moreover, aging hydropower infrastructure is undergoing modernization, improving efficiency, and extending the operational life of existing plants. The rising demand for clean as well as sustainable energy, combined with technological innovations and favorable regulatory frameworks, is expected to drive further expansion of the hydropower sector in Australia.

 

Additionally, the push towards carbon neutrality and the country's potential for hydropower capacity growth will continue to support market development. Consequently, the convergence of these factors is anticipated to propel the expansion of the Australia hydropower market over the coming years.

 

IMARCs report provides a deep dive into the Australia hydropower market analysis, outlining the current trends, underlying market demand, and growth trajectories.

 

Australia Hydropower Industry Segmentation:

 

The report has segmented the market into the following categories:

 

Size Insights:

• Large Hydropower (Greater Than 100 MW)
• Small Hydropower (Smaller Than 10 MW)
• Other Sizes (10-100 MW)

 

Application Insights:

• Residential
• Commercial
• Industrial

 

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

 

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

 

Key highlights of the Report:

 

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

 

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

About Us:

 

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

 

Contact Us:  

 

IMARC Group 

Street: Morgan Park QLD 4370

City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

Zip/Postal Code: 4370

Email: sales@imarcgroup.com

Phone Number: 1-631-791-1145