Report Overview

The Australia thermal power market size is estimated to be valued at 5198.47 PJ in 2023. It is expected to grow at a CAGR of 3.55 % between 2024 and 2032 to reach almost 7115.84 PJ by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the Clean Energy Council, in 2023, fossil fuel generation was estimated to be around 49,406 GWh in Queensland.
  • As per the Department of Climate Change, Energy, the Environment and Water, in 2022 coal accounted for around 47% of total electricity generation.
  • According to the Clean Energy Council, in 2023, Victoria witnessed around 33,973 GWh of fossil fuel generation.

Australia Thermal Power Market Growth

Compound Annual Growth Rate

Value in PJ

3.55%

2024-2032


Australia Thermal Power Market Outlook

*this image is indicative*

Based on type, the Australia thermal power market share is led by natural gas as it produces fewer pollutants in the environment as compared to coal

Moreover, the combustion of natural gas produces a lower amount of carbon dioxide, thus serving as a cleaner source of electricity generation. As compared to coal, they are available in abundance and the natural gas power plants are comparatively more efficient than coal plants.

Australia Thermal Power Market Report

Various factors guiding the Australia thermal power market development include the increase in the usage of renewable energy including nuclear power, natural gas etc. to produce lesser amounts of greenhouse gases in the environment. Moreover, the installation of combined-cycle gas turbines has provided various benefits including higher efficiency, lower emission of harmful pollutants, and flexibility. The use of smart grid technologies has helped in the installation of renewable energy sources into the electricity source and reduces the operating costs of the electricity sources.

According to the Department of Climate Change, Energy, the Environment and Water, in 2021, the share of natural gas and coal in Australia’s total energy production was around 32% and 61% respectively.

Australia Thermal Power Market Segmentation

Australia Thermal Power Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Fuel Type

  • Nuclear
  • Coal
  • Natural Gas
  • Others

Market Breakup by Application

  • Residential
  • Commercial
  • Industrial

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

The Australia thermal power market key players are AGL Energy Limited (AGL), Zenith Energy Pty Ltd., Hybrid Systems Australia, ATCO Australia Pty Ltd. and others. 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at 5198.47 PJ in 2023.

The market is projected to grow at a CAGR of 3.55% between 2024 and 2032.

The market is expected to reach 7115.84 PJ in 2032.

The thermal power market is growing with an increase in the usage of renewable sources of energy, smart-grid technologies, installation of combined-cycle gas turbines, and improving the thermal power plants efficiency.

Based on the fuel type, the thermal power market is bifurcated into coal, nuclear, natural gas and others.

Key players in the market are AGL Energy Limited (AGL), Zenith Energy Pty Ltd., Hybrid Systems Australia, ATCO Australia Pty Ltd. and others.

Based on application, the thermal power market is divided into residential, commercial and industrial.

The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final 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:

  • Fuel Type
  • Application
  • Region
Breakup by Fuel Type
  • Nuclear
  • Coal
  • Natural Gas
  • Oil
Breakup by Application
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AGL Energy Limited (AGL)
  • Zenith Energy Pty Ltd.
  • Hybrid Systems Australia
  • ATCO Australia Pty Ltd.
  • Others

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