VK
Vivek Kumar
4 days ago
Share:

Australia Wind Energy Market: Industry Trends, Share, Size, Growth, and Forecast 2025-2033

The Australia wind energy market size reached USD 1,916.0 Million in 2024 and the market is expected to reach USD 6,698.2 Million by 2033, exhibiting a growth rate (CAGR) of 14.92% during 2025-2033.

Australia Wind Energy Market Size

The latest report by IMARC Group, “Australia Wind Energy Market Report by Component (Turbine, Support Structure, Electrical Infrastructure, Others), Rating (≤ 2 MW, >2 ≤ 5 MW, >5 ≤ 8 MW, >8 ≤ 10 MW, >10 ≤ 12 MW, >12 MW), Installation (Offshore, Onshore), Turbine Type (Horizontal Axis, Vertical Axis), Application (Utility, Industrial, Commercial, Residential), and Region 2025-2033,” provides an in-depth analysis of the Australia wind energy market.**** The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia wind energy market size reached USD 1,916.0 Million in 2024 and the market is expected to reach USD 6,698.2 Million by 2033, exhibiting a growth rate (CAGR) of 14.92% during 2025-2033.

Report Attributes and Key Statistics:

Report Attribute Key Statistics
Base Year 2024
Forecast Years 2025-2033
Historical Years 2019-2024
Market Size in 2033 USD 6,698.2 Million
Market Growth Rate (2025-2033) 14.92%

Australia Wind Energy Market Overview:

The Australia wind energy market is rapidly expanding as the government implements favorable policies, incentives, and renewable energy targets. Technological innovations are making wind turbines more efficient and cost-effective, while public and corporate demand for sustainable solutions continues to rise. Investment flows, community support, and regional development are further accelerating growth. As the sector evolves, both public and private partners are prioritizing wind energy to achieve decarbonization goals and ensure long-term energy security.

Request For Sample Report: https://www.imarcgroup.com/australia-wind-energy-market%20/requestsample

Australia Wind Energy Market Trends and Drivers:

The market is experiencing continuous technological advancements, including larger and more efficient turbines, lightweight composite materials, and improved aerodynamic designs. The integration of digital technologies and data analytics is optimizing wind farm operations and energy production. There is a growing trend towards pairing wind farms with large-scale battery storage to enhance grid stability and reliability. Corporate power purchase agreements (PPAs) are also gaining traction, driven by sustainability commitments from major companies.

Key drivers include supportive government policies such as the Renewable Energy Target (RET), state-level incentives, and feed-in tariffs. Decreasing technology costs and the expansion of both onshore and offshore wind projects are making wind energy more competitive. The increasing emphasis on corporate sustainability goals, regional economic development, and integration with energy storage systems are driving market growth further.

Market Challenges and Opportunities:

Wind energy in Australia encounters challenges like grid integration issues, transmission bottlenecks, and land acquisition obstacles. Permit delays and community opposition can also slow project development. However, Australia’s strong wind resources and decarbonization targets offer a solid foundation for growth. Investments in offshore wind, hybrid renewable parks, and battery storage enhance project viability. Government incentives, corporate sustainability objectives, and green financing are boosting project pipelines. Technological advances in turbine efficiency and remote monitoring are helping reduce costs. Cross-sector partnerships with utilities, mining, and heavy industries create demand for clean electricity, positioning wind energy as a key element of Australia’s net-zero ambitions.

Australia Wind Energy Key Growth Drivers:

  • Ambitious government renewable energy targets and incentives
  • Technological innovations in turbine design and energy storage
  • Declining costs and improved efficiency of wind power
  • Corporate demand for clean energy and long-term PPAs
  • Expansion of onshore and offshore wind projects

Browse Full Report with TOC & List of Figures:

Australia Wind Energy Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, rating, installation, turbine type, and application.

  • By Component:
    • Turbine
    • Support Structure
    • Electrical Infrastructure
    • Others
  • By Rating:
    • ≤ 2 MW
    • 2 ≤ 5 MW
    • 5 ≤ 8 MW
    • 8 ≤ 10 MW
    • 10 ≤ 12 MW
    • 12 MW
  • By Installation:
    • Offshore
    • Onshore
  • By Turbine Type:
    • Horizontal Axis
    • Vertical Axis
  • By Application:
    • Utility
    • Industrial
    • Commercial
    • Residential
  • By Region:
    • Australia Capital Territory & New South Wales
    • Victoria & Tasmania
    • Queensland
    • Northern Territory & Southern Australia
    • Western Australia

Competitive Landscape: The report provides a comprehensive analysis of the competitive landscape, including market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Detailed profiles of all major companies operating in the Australia wind energy market are included.

Australia Wind Energy Market News:

  • In 2024, Australia approved over 4,346 MW of new wind generation capacity, representing more than $9 billion in capital investment and supporting over 10,000 jobs in construction.
  • Recent years have seen the expansion of virtual power plants (VPPs) and large-scale battery storage projects, such as the Hornsdale Power Reserve, to enhance grid reliability and support renewable integration.

Note: If you require specific information not currently within the scope of the report, we can provide it as part of the customization.

Ask an Analyst for a Customized Sample: https://www.imarcgroup.com/request?type=report&id=24691&flag=C

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 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 134 N 4th St. Brooklyn, NY 11249, USA Email: Sales@imarcgroup.com Tel. No.: (D) +91 120 433 0800 Americas: +1 631 791 1145