The latest report by IMARC Group, titled “Australia Wind Power Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2033,” offers a comprehensive analysis of the Australia wind power market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia wind power market size reached USD 2.72 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.78 Billion by 2033, exhibiting a growth rate (CAGR) of 5.80% during 2025-2033.
• Base Year: 2024
• Forecast Years: 2025-2033
• Historical Years: 2019-2024
• Market Size in 2024: USD 2.72 Billion
• Market Forecast in 2033: USD 4.78 Billion
• Market Growth Rate 2025-2033: 5.80%
Australia Wind Power Market Overview
The Australia wind power market is seeing vigorous development as the nation is executing driven renewable vitality targets and leveraging high-quality wind assets. Designers are growing both coastal and seaward wind ventures, whereas progressions in turbine effectiveness and declining innovation costs are making wind vitality more competitive. Government bolster, counting favorable arrangements and motivating forces, is quickening extend endorsements and speculations. The integration of battery capacity frameworks is improving lattice solidness, and corporate request for clean vitality is driving assist advertise development.
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Australia Wind Power Market Growth Trends
Industry partners are progressively blending wind ranches with large-scale battery capacity to address the irregular nature of wind era and guarantee network unwavering quality. Virtual control plants (VPPs) are developing, utilizing brilliantly computer program to facilitate disseminated vitality capacity resources. Seaward wind improvement is quickening, bolstered by unused enactment and assigned wind zones in districts such as Gippsland and Seeker. Corporate Control Buy Assentions (PPAs) are picking up force, with major companies securing long-term contracts to meet maintainability objectives and stabilize vitality costs.
Australia Wind Power Market Growth Drivers
Solid government backing, yearning decarbonization objectives, and a developing corporate center on maintainability are impelling the advertise. Venture is rising in both coastal and seaward wind ventures, upheld by administrative changes and declining battery costs. The critical require for framework decarbonization, coupled with mechanical headways in turbine plan and capacity integration, is making wind control a foundation of Australia’s renewable vitality move. Corporate PPAs and cross breed contracts are giving steady income streams, assist incentivizing unused wind advancements.
Australia Wind Power Market Segmentation:
1. By Location:
o Onshore
o Offshore
2. By Region:
o Australia Capital Territory & New South Wales
o Victoria & Tasmania
o Queensland
o Northern Territory & Southern Australia
o Western Australia
Australia Wind Power Market News:
• In 2023, over 1,700 MW of wind capacity was contracted under corporate renewable PPAs, marking the fourth consecutive year with deal volumes above 1 GW.
• The Hornsdale Power Reserve in South Australia expanded its battery storage capacity to 150 MW/194 MWh, reinforcing the integration of wind and storage.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided, including:
- Acciona, S.A
- APA Group
- Ark Energy Corporation Pty Ltd
- Goldwind Science & Technology Co., Ltd
- Iberdrola, S.A.
- Neoen Australia
- RATCH Australia Corporation
- Suzlon Energy Australia
- Tilt Renewables
- Vestas Wind Systems A/S
- WestWind Energy Pty Ltd
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
Australia Wind Power Market News:
- In April 2025, Victoria will launch Australia’s first offshore wind energy auction in September 2025, aiming to award contracts by October 2026. The Labor Allen government outlined plans to support offshore wind development to meet its targets of 2GW by 2032, 4GW by 2035, and 9GW by 2040. According to Energy Minister Lily D’Ambrosio, the auction will close in May 2025 and will follow a private Registration of Interest (ROI) procedure for holders of feasibility licenses.
- In February 2025, Turbine Made, the first program in Australia to recycle retired wind turbine blades into new materials and products, was started by ACCIONA. A blade from Victoria’s Waubra Wind Farm has been converted into a multifunctional particle for sustainable manufacturing. ACCIONA is seeking innovative ideas through an open Expressions of Interest call. With many Australian turbines aging, this initiative promotes a circular economy and sustainable solutions for blade waste in the renewable energy sector.
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.
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