The output of the electricity, gas, steam, and air conditioning supply industry in Australia shows significant variation over the years. From 2013 to 2015, the industry's value decreased, while notable growth was observed in 2016 and subsequent years. By 2017, the value began to pick up steadily. As of 2023, the sector's output is valued at 84.39 billion Australian Dollars. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stands at around 0.99%, indicating moderate overall growth.
Year-on-year variations depict some fluctuations with a notable dip in 2020 by 3.81%, likely due to global disruptions. However, the output rebounded in the years that followed. The forecast from 2024 to 2028 suggests a steady growth trend with an average CAGR of 1.72%, projecting the industry's value to reach 94.05 billion Australian Dollars by 2028.
Future trends to watch for include advancements in renewable energy technologies, regulatory changes in carbon emissions, and increased investments in sustainable infrastructure which are likely to influence the industry's growth trajectory positively. Monitoring these trends will be critical for strategic planning within the sector.