Australia Thermal Power Market Size, Share Analysis and Forecast Report (2025-2034)

Based on type, the Australia thermal power market share is led by natural gas as it produces fewer pollutants in the environment as compared to coal

Moreover, the combustion of natural gas produces a lower amount of carbon dioxide, thus serving as a cleaner source of electricity generation. As compared to coal, they are available in abundance and the natural gas power plants are comparatively more efficient than coal plants.

Various factors guiding the Australia thermal power market development include the increase in the usage of renewable energy including nuclear power, natural gas etc. to produce lesser amounts of greenhouse gases in the environment. Moreover, the installation of combined-cycle gas turbines has provided various benefits including higher efficiency, lower emission of harmful pollutants, and flexibility. The use of smart grid technologies has helped in the installation of renewable energy sources into the electricity source and reduces the operating costs of the electricity sources.

According to the Department of Climate Change, Energy, the Environment and Water, in 2021, the share of natural gas and coal in Australia’s total energy production was around 32% and 61% respectively.

This report offers a detailed analysis of the market based on the following segments:

Market Breakup by Fuel Type

• Nuclear
• Coal
• Natural Gas
• Others

Market Breakup by Application

• Residential
• Commercial
• Industrial

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

The Australia thermal power market key players are AGL Energy Limited (AGL), Zenith Energy Pty Ltd., Hybrid Systems Australia, ATCO Australia Pty Ltd. and others.