Breezing through: Government assistance programs have boosted industry revenue

Revenue for the Wind and Other Electricity Generation industry has grown over the past five years. High wholesale electricity prices, favourable industry assistance programs and high profitability have attracted new firms to the industry over the period. Industry revenue is expected to increase at an annualised 4.9% over the five years through 2018-19, to reach $1.87 billion. This includes expected growth of 1.9% in the current year.Investment in wind farms has surged over the past five years, increasing total generation capacity to close to 5,000 MW in 2018-19. Wind power is expected to provide 7.1% of the national electricity output in 2018-19...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
4.9%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
3,715
Businesses
209
Market Share of Companies

Industry Threats & Opportunities

  • Electricity retailers were required to source 16.06% of their total supply from clean generators in 2018
  • The industry has benefited from significant assistance from state and federal governments
  • A Shorten Government is projected to adopt a 50% RET by 2030

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    Industry Report - Industry Key Buyers Chapter

    The Wind and Other Electricity Generation industry has moderate market share concentration. In 2018-19, the four largest players are expected to account for 55.3% of industry revenue. With the current mix of regulation and policy, many players active in other areas of the electricity sector have been investing in renewable generation. This trend has caused many players to enter the industry through small-scale projects and joint ventures over the past five years. There has also been a trend towards larger projects over the period, particularly as operating, construction and storage costs have continued to decline, boosting the feasibility of large-scale generation facilities. An increasing number of entrants has consequently reduced market share concentration over the past five years...purchase to read more.

    Additional Insights for the Wind and Other Electricity Generation Industry

    IBISWorld has determined the most important Key Success Factors for the Wind and Other Electricity Generation are:

  • Availability of resource
  • Ability to negotiate successfully with regulator
  • Ability to educate the wider community

    • IBISWorld analysts also discuss how external factors such as Electricity service price and Demand from electricity retailing in the Wind and Other Electricity Generation industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Wind and Other Electricity Generation Industry?

    Industry firms generate electricity using wind, geothermal, tidal, biomass and other renewable energy sources. The industry excludes the use of photovoltaic systems, also known as solar panels.

    Industry Products
  • Electricity generation
  • Renewable energy certificates
    • Industry Activities
  • Wind electricity generation
  • Tidal electricity generation
  • Geothermal electricity generation
  • Bioenergy electricity generation
  • Electricity generation from other renewable energy sources
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Electricity service price
  • Demand from electricity retailing
  • Public concern over environmental issues
  • Demand from fossil fuel electricity generation

    • Current Performance
  • The rise of renewable energy
  • Industry assistance
  • Price growth
  • New players
  • Chart: Revenue Growth

    • Industry Outlook
  • Price change
  • Policy outlook
  • Investment
  • Table: Wind and Other Electricity Generation Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wind and Other Electricity Generation Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Electricity Retailing
  • Consumers

    • Key Selling Industries
  • Heavy Industry and Other Non-Building Construction
  • Heavy Machinery Repair and Maintenance
  • Industrial Machinery Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing

    • Products & Services
  • Electricity generation
  • Renewable energy certificates
  • Chart: Wind and Other Electricity Generation Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Electricity retailers
  • Commercial and services sectors
  • Households
  • Manufacturers
  • Mining firms
  • Utility providers
  • Other sectors
  • Chart: Major Market Segmentation for the Wind and Other Electricity Generation Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Wind and Other Electricity Generation

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wind and Other Electricity Generation Industry

    • Industry Globalization

    Major Companies

    AGL Energy Limited, Infigen Energy, Pacific Hydro Pty Ltd, Tilt Renewables Limited,
  • Table: AGL Energy Limited - financial performance
  • Table: Infigen Energy - financial performance
  • Table: Pacific Hydro Pty Ltd - financial performance
  • Table: Tilt Renewables Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Wind and Other Electricity Generation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Wind and Other Electricity Generation Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Bagasse
  • A waste product from sugar cane processing that can be used to generate energy.
    • Gentailer
  • An integrated energy generator and retailer.
    • Gigawatt
  • A unit equal to 1,000 MW.
    • Gigawatt Hour (Gwh)
  • The energy that is required to power 10 million 100-watt units, such as light globes, for an hour.
    • Large-Scale Generation Certificate (Lgc)
  • Certificates that allow electricity retailers to meet their RET responsibilities.
    • Megawatt (Mw)
  • A unit equivalent to one million watts.
    • Renewable Energy Target (Ret)
  • Regulation designed to increase the share of renewable generation in Australia. The current target is 33,000 GWh by 2020.
    • Roaring Forties
  • Stormy ocean tracts between latitudes 40 and 50 degrees south.
    • What Our Customers Say
    Why buy this report?

    The Wind and Other Electricity Generation market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    • Inform your decisions for marketing, strategy and planning
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    This report on Wind and Other Electricity Generation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wind and Other Electricity Generation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wind and Other Electricity Generation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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