Australia Thermal Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Australian thermal power market is expected to grow at a CAGR of more than 1.4% in the forecast period of 2020-2025. Factors such as increasing population and power consumption are resulting in the growth of the thermal power market. With growing power demand, the demand for new power generating capacity is growing which, in turn, is expected to drive the market significantly. On the other hand, phasing out of coal-based thermal plants and rising competition from renewables are some factors that are hindering the market growth.
Key HighlightsThe Australian thermal power market is moderately consolidated. Some of the major companies include Origin Energy Ltd, Stanwell Corporation Limited, InterGen Services, Inc, EnergyAustralia Holdings Ltd, and AGL Energy Limited.
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