Australia Microgrid Market 2025 | Worth USD 1,500.22 million by 2033

The latest report by IMARC Group, titled “Australia Microgrid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033,” offers a comprehensive analysis of the microgrid growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Australia microgrid market size reached USD 704.00 million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,500.22 million by 2033, exhibiting a growth rate (CAGR) of 8.77% during 2025–2033.

Base Year: 2024

Forecast Years: 2025–2033

Historical Years: 2019–2024

Market Size in 2024: USD 704.00 million

Market Forecast in 2033: USD 1,500.22 million

Market Growth Rate 2025–2033: 8.77%

 

Australia Microgrid Market Overview

Australia's microgrid showcase is encountering critical development, driven by expanding vitality costs, network flimsiness, and government bolster for renewable vitality sources. The integration of renewable vitality, such as sun powered and wind, into microgrid frameworks is getting to be more predominant, advertising economical and cost-effective arrangements. Also, declining battery capacity costs are upgrading the achievability of microgrids, making them more open for inaccessible communities and businesses looking for vitality freedom. Government activities, counting financing from the Australian Renewable Vitality Office (Field) and motivations just like the Small-scale Renewable Vitality Conspire (SRES), are quickening the appropriation of microgrids over the nation.

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Australia Microgrid Market Trend and Drivers

The Australian microgrid advertise is seeing a critical move towards renewable vitality integration, driven by the country's copious sun based and wind assets. With rising vitality costs and developing natural concerns, businesses, inaccessible communities, and utilities are progressively receiving microgrids fueled by sun based photovoltaic (PV), wind, and battery capacity frameworks. As of 2022, Australia's vitality blend was still intensely subordinate on fossil powers, with common gas providing 27% of the supply and 34% of control era. In any case, renewable sources extended to 9.5%, driven primarily by sun powered and biomass. Government arrangements and motivating forces are advance quickening the arrangement of disseminated vitality assets (DERs), cultivating a more economical vitality scene.

 

Australia Microgrid Market Segmentation

• By Energy Source:
• Solar Photovoltaic (PV)
• Wind
• Battery Storage
• Diesel
• Natural Gas
• Combined Heat and Power (CHP)
• Fuel Cells
• Bioenergy
• By Application:
• Remote Systems
• Institutions and Campuses
• Utility/Community
• Defence
• Industrial
• Commercial
• By Region:
• New South Wales
• Victoria
• Queensland
• South Australia
• Western Australia
• Tasmania
• Northern Territory
• Australian Capital Territory

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Australia Microgrid Market News

In recent developments, the Australian government has been actively supporting the growth of microgrids through various initiatives. The Australian Renewable Energy Agency (ARENA) has funded numerous projects to demonstrate the viability of hybrid renewable microgrids, particularly in off-grid and regional areas. Additionally, the Small-scale Renewable Energy Scheme (SRES) provides incentives for the installation of renewable energy systems, including microgrids, further promoting their adoption. These efforts are contributing to the expansion of the microgrid market in Australia, aligning with the country's goals of enhancing energy security and reducing greenhouse gas emissions.

 

Key Highlights of the Report:

• Market Performance (2019–2024)
• Market Outlook (2025–2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

 

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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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 thorough 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.

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