Market Size of Australia Coal Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia Coal Market Analysis
The Australian coal market is expected to register a CAGR of more than 1.4% during the forecast period. The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a decline in demand for coal. Currently, the market has reached pre-pandemic levels.
- Factors such as an increase in demand for power generation and the presence of large coal reserves are driving the growth of the coal market in Australia. Also, the growing demand for bituminous coal reserves, which have a major share in the Australian coal market, is expected to drive the market study.
- However, the shift to alternative sources of energy, such as natural gas and renewables for power generation, and the environmental impacts of coal mining are likely to restrain the growth of the coal market in Australia over the forecast period.
- Adopting new technologies such as geospatial data, 3D mapping, and hyperspectral core imaging in coal mining operations is expected to provide an opportunity for the Australian coal market in the near future.
Australia Coal Industry Segmentation
Coal is a sedimentary deposit composed predominantly of carbon that is readily combustible. Coal is black or brownish-black and has a composition that (including inherent moisture) consists of more than 50 percent by weight and more than 70 percent by volume of carbonaceous material. The Australian coal market is segmented by application into electricity, iron and steel, and other applications. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
Australia Coal Market Size Summary
The Australian coal market is poised for moderate growth, driven by increasing demand for power generation and the country's substantial coal reserves. The market has rebounded to pre-pandemic levels after the disruptions caused by COVID-19. Bituminous coal, known locally as black coal, plays a significant role in this market due to its extensive use in power generation and industrial applications such as steel production and cement manufacturing. The majority of Australia's coal resources are concentrated in New South Wales and Queensland, which are also the leading producers. Despite the growth prospects, the market faces challenges from the transition to alternative energy sources like natural gas and renewables, as well as environmental concerns related to coal mining.
Technological advancements in coal mining, such as geospatial data and 3D mapping, present opportunities for enhancing operational efficiency and potentially boosting market growth. Coal remains a dominant energy source for electricity in Australia, accounting for a significant portion of the country's electricity production. However, the market is characterized by fragmentation, with key players including Bloomfield Collieries Pty Ltd, BHP Group Ltd, and Yancoal Australia Ltd. Future developments, such as the planned closure of coal-fired power stations and the replacement of coal power infrastructure in New South Wales, may impact the market dynamics.
Australia Coal Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION BY APPLICATION
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2.1 Electricity
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2.2 Iron and Steel
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2.3 Other Applications
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Australia Coal Market Size FAQs
What is the current Australia Coal Market size?
The Australia Coal Market is projected to register a CAGR of greater than 1.40% during the forecast period (2024-2029)
Who are the key players in Australia Coal Market?
Bloomfield Collieries Pty Ltd , BHP Group Ltd , Centennial Coal Company Ltd , Yancoal Australia Ltd and Whitehaven Coal Limited are the major companies operating in the Australia Coal Market.
