Australia Wind Power Market Size, Share, Report 2033

Australia Wind Power Market Size, Share, Trends and Forecast by Location and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A33748

Australia Wind Power Market Overview:

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. The market is driven by strong government support, ambitious renewable energy targets, declining technology costs, and growing corporate demand for clean energy. High-quality wind resources, advancements in turbine efficiency, and the urgent need for grid decarbonization further bolster the Australia wind power market share investment and expansion across both onshore and offshore wind projects.

Report Attribute	Key Statistics
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 Trends:

Integration with Energy Storage Systems

As Australia grows in its proportion of wind power, the addition of battery storage systems has become essential. The intermittent nature of wind energy can put pressure on grid stability during times of peaks or troughs of generation. More projects are paired with big batteries, like the Hornsdale Power Reserve in South Australia, which grew to 150 MW/194 MWh. Australia's commitment to storage is evident, with cumulative installed capacity reaching about 5,966 MWh by the end of 2023, including 2,603 MWh from utility-scale batteries. By storing excess wind energy for use when needed, these devices increase the grid's dependability. Virtual power plants (VPPs), which combine and control a number of storage devices through intelligent software, are developing fast. Declining battery prices and firm government incentives are driving this trend, making wind power more stable, flexible, and commercially viable for Australia's energy future.

Australia Wind Power Market Size

Rapid Growth in Offshore Wind Development

Australia is experiencing a surge in offshore wind projects, driven by favorable policies and high coastal wind resources. Investments have been stimulated by the government's passage of laws such as the Offshore Electricity Infrastructure Act 2021. Regions such as Gippsland (Victoria) and Hunter (New South Wales) have been declared offshore wind zones, attracting major developers like Ørsted and BlueFloat Energy. Offshore wind offers higher, steadier output compared to onshore farms and can be placed closer to demand centers. With a goal to reach net-zero emissions by 2050, offshore wind is critical to diversify the renewable energy mix thus providing an impetus to the market growth.

Corporate Power Purchase Agreements (PPAs) Boost Demand

The need for clean energy by corporations is causing significant transformation in Australia's wind power industry. Major companies such as Woolworths, BHP, and Coles are securing long-term Power Purchase Agreements (PPAs) with wind farm operators to meet sustainability goals, hedge against energy price volatility, and support national renewable energy targets. In 2023 alone, a record volume of over 1,700 MW was contracted under corporate renewable PPA deals, marking the fourth consecutive year with deal volumes exceeding 1 GW. These agreements provide wind farms with stable, predictable revenue streams, enhancing project bankability and encouraging new developments. PPAs are evolving to include hybrid contracts combining wind and solar energy for greater reliability. As pressure for corporate decarbonization intensifies, PPAs are expected to dominate future wind project financing, playing a crucial role in Australia wind power market growth.

Australia Wind 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 levels for 2025-2033. Our report has categorized the market based on location.

Location Insights:

Onshore
Offshore

The report has provided a detailed breakup and analysis of the market based on the location. This includes onshore and offshore.

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 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.

Australia Wind Power Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Location Region
Locations Covered	Onshore, Offshore
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 wind power market performed so far and how will it perform in the coming years?
What is the breakup of the Australia wind power market on the basis of location?
What is the breakup of the Australia wind power market on the basis of region?
What are the various stages in the value chain of the Australia wind power market?
What are the key driving factors and challenges in the Australia wind power market?
What is the structure of the Australia wind power market and who are the key players?
What is the degree of competition in the Australia wind 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 wind power market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia wind 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 wind 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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