Australia Renewable Energy Market 2025-2033: Size, Share, Key Developments

(MENAFN- EIN Presswire)

The Australia renewable energy market size reached USD 165.8 billion in 2024, is expected USD 687.9 billion by 2033, growing at a CAGR of 16.6% from 2025-2033.

BROOKLYN, NY, UNITED STATES, June 19, 2025 /EINPresswire / -- The latest report by IMARC Group, titled“Australia Renewable Energy Market: Trends, Growth and Demand Forecast 2025-2033,” offers a comprehensive analysis of the Australian renewable energy market growth. The report includes competitor and regional analysis, along with a detailed segmentation of the industry. The Australia renewable energy market size reached USD 165.8 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 687.9 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of 16.6% during 2025–2033.

🔹Base Year: 2024
🔹Forecast Years: 2025–2033
🔹Historical Years: 2019–2024
🔹Market Size in 2024: USD 165.8 billion
🔹Market Forecast in 2033: USD 687.9 billion
🔹Market Growth Rate 2025–2033: 16.6% CAGR

Australia Renewable Energy Market Overview
Australia is actively transforming its energy landscape by expanding renewable energy capacity across Australia solar power , wind, hydro, and bioenergy sectors. The country is implementing ambitious government policies aimed at achieving net-zero emissions by 2050, leading to substantial investments in clean energy infrastructure. Technological innovations in energy storage, smart grids, and advanced renewable technologies are facilitating higher integration and efficient utilization of renewable resources. These developments are attracting significant private sector investments, driving market expansion, and positioning Australia as a leader in the global renewable energy transition.

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Australia Renewable Energy Market Trends:
🔹The Australian renewable energy market is growing rapidly, with its size increasing from USD 165.8 billion in 2024 to a projected USD 687.9 billion by 2033.

🔹Solar power is the dominant contributor to market growth, fueled by Australia's abundant sunlight and increasing adoption in commercial and residential sectors.

🔹Technological advancements such as improved battery storage systems and Australia smart grid integration are enhancing the reliability and efficiency of renewable energy.

🔹Government commitments towards net-zero emissions and renewable energy targets are accelerating infrastructure development.

🔹The rise of corporate renewable energy procurement through power purchase agreements (PPAs) is expanding market opportunities.

🔹Renewable Energy Zones (REZs) are facilitating large-scale deployment by co-locating infrastructure, optimizing grid integration, and reducing costs.

🔹Private sector investment, including major commitments from companies like Amazon, is contributing to rapid capacity expansion.

Australia Renewable Energy Market Growth Drivers:
🔹The government's net-zero emissions target by 2050 is driving policy support, subsidies, and investments in renewable projects.

🔹Declining costs of solar and wind energy technologies have made renewable energy the most cost-effective option for new power generation in Australia.

🔹Increasing corporate demand for renewable power via PPAs is creating a steady pipeline of clean energy projects.

🔹The establishment of Renewable Energy Zones (REZs) helps reduce transmission and generation costs by clustering infrastructure investments.

🔹Growing environmental awareness and consumer preference for clean energy solutions are boosting adoption rates.

🔹Technological improvements in energy storage and grid management are enabling higher penetration of intermittent renewable sources.

🔹Substantial private investments from global tech and energy companies are fueling large-scale renewable projects across the country.

Key Developments of the Australian Renewable Energy Market:
🔹Record Renewable Generation
🔹Growth in Solar and Wind
🔹Large-Scale Solar Growth
🔹Battery Storage Investment
🔹Increased Renewable Capacity
🔹Government Support

Australia Renewable Energy Market Segmentation:

1. By Energy Source:
🔹Solar
🔹Wind
🔹Hydro
🔹Bioenergy
🔹Others

2. By End User:
🔹Residential
🔹Commercial
🔹Industrial
🔹Utilities

3. By Region:
🔹New South Wales
🔹Victoria
🔹Queensland
🔹Western Australia
🔹South Australia
🔹Others

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Australia Renewable Energy Market News:
🔹April 2024: Amazon announced a $20 billion investment in Australia's renewable energy sector, including the development of three solar farms in Victoria and Queensland, expected to generate over 1.4 million megawatt hours annually.

🔹February 2024: The Australian government accelerated plans for Renewable Energy Zones (REZs) to facilitate large-scale renewable infrastructure investment and reduce energy costs across the National Electricity Market (NEM).

Key Highlights of the Report:
1. Market Performance (2019–2024)
2. Market Outlook (2025–2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current, and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you require specific information not currently within the report's scope, we can provide it as part of a customized package.

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