Australia Hydropower Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

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. IMARC Group expects the market to reach 23.6 TWh by 2032, exhibiting a growth rate (CAGR) of 3.10% from 2024-2032.

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Australia Hydropower Industry Trends and Drivers:

The escalating demand for renewable energy as well as initiatives by government authorities toward a sustainable energy future are the factors responsible for the growth of the Australia hydropower market. Hydropower remains a cornerstone of Australia's energy mix, offering a reliable and cost-effective solution for electricity generation and grid stability. The nation’s commitment to reducing greenhouse gas emissions and achieving net-zero targets has prompted significant investments in renewable energy projects, including hydropower. Large-scale hydropower stations, such as Snowy Hydro, play a vital role in providing baseload and peak-load power, ensuring a consistent energy supply. The rising focus on energy security, coupled with the need to integrate renewable energy sources like wind and solar into the grid, further bolsters the importance of hydropower as a complementary energy source.

Key trends shaping the Australia hydropower market include advancements in pumped-storage hydropower technology, which is essential for energy storage and grid flexibility. These systems enable efficient energy storage during low-demand periods and rapid deployment during peak requirements, addressing fluctuations in electricity supply. Moreover, the modernization and upgrading of aging hydropower infrastructure are critical trends, ensuring improved efficiency, safety, and environmental compliance. Environmental sustainability is gaining prominence, with initiatives to minimize the ecological impact of hydropower projects through improved water management and fish-friendly turbine designs. Apart from this, there is a growing emphasis on small and micro-hydropower projects, particularly in remote and off-grid areas, to provide clean energy solutions for local communities, which is anticipated to drive the Australia hydropower market over the forecasted period.

We explore the factors propelling the Australia hydropower market growth, including technological advancements, consumer behaviors, and regulatory changes.

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 provides a comprehensive suite of market entry and expansion services. IMARC offerings include a 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.

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State/Province/Region: Queensland

Country: Australia

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