Australia Power EPC Market Report and Forecast 2025-2034

Australia Power EPC Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia power EPC market size is projected to grow at a CAGR of 4.60% between 2025 and 2034, aided by the increasing demand for energy, the transition to renewable energy sources, and the modernisation of power infrastructure.

The Australia power EPC (Engineering, Procurement, and Construction) market value will expand as the country continues to invest in energy infrastructure to meet its increasing demand for power and achieve its sustainability goals. The rising demand for renewable energy sources, such as solar, wind, and hydroelectric power, is driving the expansion of the market, with more projects being undertaken in the power generation sector. The increasing focus on reducing carbon emissions and transitioning to cleaner energy sources is contributing to the growth of the Australia power EPC market, creating opportunities for both local and international players in the industry.

One of the main drivers of the Australia power EPC market expansion is the growing need for reliable and efficient energy systems. Australia’s energy consumption has been steadily rising, driven by factors, such as population growth, industrialisation, and urbanisation. As the demand for electricity increases, there is a greater need for the development and expansion of power plants, transmission lines, and distribution networks. The EPC market plays a critical role in meeting these needs by providing the necessary engineering, procurement, and construction services for power generation and distribution projects. This includes the construction of power plants, substations, transmission lines, and other critical infrastructure required for an efficient energy system.

The Australian government’s commitment to reducing carbon emissions and increasing the share of renewable energy in the power generation mix will shape the Australia power EPC market trends. As part of its efforts to combat climate change, Australia has set ambitious renewable energy targets, including a goal of achieving net-zero emissions by 2050. This has led to a surge in investments in renewable energy projects, such as wind and solar power plants, as well as energy storage solutions like batteries. The EPC sector is essential in supporting the development of these renewable energy projects by providing the technical expertise and construction capabilities needed to bring them to fruition. With the increasing demand for renewable energy infrastructure, the power EPC market in Australia is expected to continue to grow in the coming years.

The transition towards more efficient and modern power infrastructure is also contributing to the Australia power EPC market development. Many of Australia’s existing power plants and energy infrastructure are ageing, leading to the need for upgrades, refurbishments, and replacements. As part of its efforts to improve the efficiency and reliability of its energy systems, the country is investing in modernising its power infrastructure. This includes the development of new, more efficient power plants, the integration of smart grid technologies, and the enhancement of energy storage systems. The EPC market is poised to play a key role in these initiatives by providing the necessary engineering and construction services for the modernisation of Australia’s power infrastructure.

Technological advancements are further outlining the Australia power EPC market outlook. The increasing adoption of digital technologies, such as artificial intelligence, data analytics, and the Internet of Things (IoT), is transforming the way power projects are designed, constructed, and operated. These technologies are being used to optimise the performance of power plants, improve operational efficiency, and reduce costs. Additionally, the rise of automation and robotics in construction is helping to streamline project timelines and improve the safety and quality of power infrastructure projects.

Despite the positive growth outlook, the Australia power EPC market incurs, including the high cost and complexity of developing renewable energy projects, particularly in remote areas. While the government provides incentives and subsidies for renewable energy projects, the cost of land acquisition, infrastructure development, and transmission network expansion can still be significant. Additionally, regulatory hurdles, environmental approvals, and community concerns can delay project timelines and increase costs. EPC contractors must navigate these challenges to ensure the successful delivery of power projects on time and within budget.

Looking ahead, the Australia power EPC market is expected to continue its growth trajectory, driven by the technological advancements, government policies, and private sector investments. As Australia strives to meet its energy needs and sustainability goals, the power EPC sector will remain a key enabler of the country’s energy transition, offering opportunities for innovation and collaboration across the energy landscape.

Market Segmentation

The market can be divided based on power generation, power status, equipment, application, end use, and region.

Market Breakup by Power Generation

• Hydroelectric
• Renewable
• Nuclear
• Thermal
• Others

Market Breakup by Power Status

• Distribution
• Transmission

Market Breakup by Equipment

• Steam Turbines
• Control Systems
• Boilers
• Generators
• Gas Turbines
• Others

Market Breakup by Application

• Renewable
• Non-renewable
• Others

Market Breakup by End Use

• Private
• Government

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia power EPC market. Some of the major players explored in the report by Expert Market Research are as follows:

• Simons Boilers Co.
• O’Brien Boiler Services Pty Ltd.
• PWS Boilers Pty Ltd.
• AIRA Pty Ltd.
• Genpower Australia Pty Ltd.
• Gentech Generators
• Global Power Pty Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.