Press release
Australia Microgrid Market Projected to Reach USD 1,500.22 Million by 2033
The Australia microgrid market size reached USD 704.00 Million in 2024 and is expected to grow to USD 1,500.22 Million by 2033. The market is forecast to expand during the period 2025-2033 with a CAGR of 8.77%. Growth is driven by rising energy costs, grid instability, government support for renewables including ARENA funding and the Small-scale Renewable Energy Scheme (SRES), and falling battery prices together with abundant solar and wind resources. Remote industries and communities increasingly demand energy independence, which further supports market expansion.
Learn more on the Australia Microgrid Market
https://www.imarcgroup.com/australia-microgrid-market
How AI is Reshaping the Future of Australia Microgrid Market
• AI-driven energy management systems enable real-time load balancing and demand response, enhancing operational efficiency in commercial and industrial microgrids.
• Government incentives and programs promote the integration of AI technologies to optimize renewable energy generation and grid stability.
• Aspen Technology's Microgrid Management System, built on the OSI monarch SCADA platform, incorporates AI to improve management for energy-intensive industries.
• AI supports predictive maintenance of microgrid components such as batteries and inverters, increasing reliability in remote and harsh environments.
• AI facilitates innovative energy models including peer-to-peer trading and community-based energy sharing, encouraged by adaptable Australian regulations.
• Urban microgrid initiatives leverage AI-enabled intelligent energy management to maximize efficiency and support sustainability goals in metropolitan precincts.
Grab a sample PDF of this report: https://www.imarcgroup.com/australia-microgrid-market/requestsample
Australia Microgrid Market Growth Factors
There is growing demand for resilient and reliable energy within off-grid and remote areas of Australia. The grid poorly serves remote communities throughout the Northern Territory, Western Australia, and rural Queensland because of their geography and sparse populations. Microgrids allow these communities to produce electricity, store electricity, and distribute electricity with solar panels, with wind turbines, with batteries, and with backup power to generate power. Microgrid projects are being undertaken to increase energy self-sufficiency, and to provide power for schools and clinics that provide a steady market and lead to further microgrid development by Indigenous and rural communities.
This market is encouraged by federal and state government clean energy transition policy, which views DER as part of climate resilience and sustainability targets. Victoria and South Australia have trial programs of funding for community-scale renewable microgrids conducted in partnership with universities and commercial companies, to support the market's development. Support under ARENA and the Small-scale Renewable Energy Scheme (SRES) accelerates the deployment of distributed energy resources. Regulatory trials to support energy sharing, peer to peer trading and grid connected microgrid business models are stimulating microgrid roll-out across Australia.
Microgrid deployment is also driven by industrial sector needs. Resource-rich regions such as Western Australia and Queensland have mines, agriculture, and manufacturing industries that do not have a good connection to the grid or have unreliable supply. Microgrids give these facilities energy sources such as solar and biomass energy. Battery storage or other generators support this energy. In mining, their ability to generate energy 24/7 attracts. Agriculture can use them in powering irrigation pumps and cold stores to increase productivity. Corporate sustainability goals, investor pressure and multiple other drivers have convinced companies toward adoption of renewable-powered microgrids to cut costs and improve their green responsibilities.
Australia Microgrid Market Segmentation
Energy Source Insights:
• Natural Gas
• Combined Heat and Power
• Solar Photovoltaic (PV)
• Diesel
• Fuel Cell
• Others
Application Insights:
• Remote Systems
• Institution and Campus
• Utility/Community
• Defence
• Others
Regional Insights:
• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
Key Players
• Ocean Sun
• Canopy Power
• Aspen Technology
Recent Development & News
• February 2025: Ocean Sun and Canopy Power launched a floating solar technology using a 700 kWp membrane-based system featuring rainwater harvesting. This modular solution integrates renewable microgrids, battery storage, photovoltaic systems, and wind energy, addressing water and land scarcity while promoting sustainable energy for agriculture and hydrogen facilities.
• October 2024: Aspen Technology introduced its Microgrid Management System (MMS) for industries with high energy demand like refining and mining. Built on OSI monarch SCADA, the MMS integrates renewable energy resources, load control, and storage functions to enhance operational efficiency and help achieve net zero.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
https://www.imarcgroup.com/request?type=report&id=33818&flag=F
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
About Us
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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