Australia Hydroelectric Power Market Size, Share, Trends and Forecast by Type of Hydroelectric Plant, Component, End Use, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A36300

Australia Hydroelectric Power Market Overview:

The Australia hydroelectric power market size reached 30.59 GW in 2024. Looking forward, IMARC Group expects the market to reach 34.43 GW by 2033, exhibiting a growth rate (CAGR) of 1.32% during 2025-2033. The market is advancing due to rising focus on grid stability and sustainable energy goals. Additionally, community-driven projects and smart grid integration continue to support Australia hydroelectric power market share amid growing demand for clean, decentralized energy solutions.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	30.59 GW
Market Forecast in 2033	34.43 GW
Market Growth Rate 2025-2033	1.32%

Australia Hydroelectric Power Market Trends:

Expanding Energy Storage Infrastructure

Australia's hydroelectric power market is experiencing growth due to an increasing focus on pumped hydroelectric storage projects, driven by the transition to renewable energy. As renewable energy generation rises, the demand for reliable energy storage solutions to balance intermittent supply becomes crucial. In January 2025, Gamuda and Ferrovial signed contracts to develop a 750MW pumped hydroelectric energy storage project near Mackay, Queensland. This project, part of the 1.4GW Capricornia Energy Hub, will provide 16 hours of energy storage, reinforcing Australia's efforts to ensure a steady power supply from renewable sources. As pumped hydro projects, such as the Capricornia Energy Hub, progress, they will play a pivotal role in stabilizing the energy grid and facilitating the shift toward a cleaner energy mix. This trend is expected to increase the penetration of renewable energy and positively influence Australia hydroelectric power market growth, with long-duration storage solutions gaining attention due to their ability to store large amounts of energy for extended periods.

Increased Generation and Renewable Energy Integration

The Australian hydroelectric power market is witnessing a rise in operational efficiencies, driven by technological advancements and improvements in pumped hydro generation. In October 2024, Cleanco set a new quarterly generation record at its 570 MW Wivenhoe Power Station in Queensland, achieving 199 GWh of generation. This milestone was fueled by the station's pumped hydro technology, which integrates surplus solar energy during peak production times and releases it during periods of high demand. The efficiency of these operations contributes to better grid stability, especially as Australia increasingly relies on solar and wind power. As more pumped hydro plants, like Wivenhoe, expand their capacities, they will contribute to enhanced grid reliability and energy security. This trend underscores the significance of pumped hydro systems in facilitating a smooth transition to renewable energy, positioning the Australian hydroelectric power market as a vital component of the nation's clean energy future. The continued growth in pumped hydro projects and their integration into the grid ensures a more sustainable, flexible, and resilient energy landscape.

Australia Hydroelectric Power Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on type of hydroelectric plant, construction type, and end use.

Type of Hydroelectric Plant Insights:

Large Hydroelectric Plants (Above 25 MW)
Small Hydroelectric Plants (1–25 MW)
Micro Hydroelectric Plants (Up to 1 MW)

The report has provided a detailed breakup and analysis of the market based on the type of hydroelectric plant. This includes large hydroelectric plants (above 25 mw), small hydroelectric plants (1–25 mw), and micro hydroelectric plants (up to 1 mw).

Component Insights:

Turbines
Generators
Transformers
Control Systems

The report has provided a detailed breakup and analysis of the market based on the component. This includes turbines, generators, transformers, and control systems.

End Use Insights:

Residential
Commercial
Industrial

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes residential, commercial, and industrial.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

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.

Australia Hydroelectric Power Market News:

May 2024: Evolution Mining advanced its AUD 7 Billion Mount Rawdon Pumped Hydro Project in Queensland, set to deliver 2 GW/20 GWh of storage. The facility will support Queensland’s renewable energy transition, providing reliable, firming capacity and lowering power prices, positively impacting the hydroelectric power market.
October 2024: Stanwell Corporation, in partnership with a global hydro operator, moved forward with the acquisition of the 400 MW Cressbrook Pumped Hydro Energy Storage (PHES) project. This project, set for operation by 2033, will strengthen Queensland's energy storage capacity, supporting the renewable energy transition.

Australia Hydroelectric Power Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	GW
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type of Hydroelectric Plant Component End Use Region
Types of Hydroelectric Plants Covered	Large Hydroelectric Plants (Above 25 MW), Small Hydroelectric Plants (1–25 MW), Micro Hydroelectric Plants (Up to 1 MW)
Components Covered	Turbines, Generators, Transformers, Control Systems
End Uses Covered	Residential, Commercial, Industrial
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia hydroelectric power market performed so far and how will it perform in the coming years?
What is the breakup of the Australia hydroelectric power market on the basis of type of hydroelectric plant?
What is the breakup of the Australia hydroelectric power market on the basis of component?
What is the breakup of the Australia hydroelectric power market on the basis of end use?
What is the breakup of the Australia hydroelectric power market on the basis of region?
What are the various stages in the value chain of the Australia hydroelectric power market?
What are the key driving factors and challenges in the Australia hydroelectric power market?
What is the structure of the Australia hydroelectric power market and who are the key players?
What is the degree of competition in the Australia hydroelectric power market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia hydroelectric power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia hydroelectric power market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia hydroelectric power industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Australia Hydroelectric Power Market