The demand of electricity has fallen in Australia resulting the steep fall in power construction sector. The dollar value of the turnover in construction has decreased. The Australian Construction Industry Forum has predicted that. It is just drop from almost $17 billion in 2013/14 to just over $11 billion by 2017/18, though that will still be almost 40 per cent above levels seen as recently as 2005/06.
The reason is unambiguous. Right through much of early part of the last decade, strong growth in power demand and fears of long-run supply shortages caused power utilities to ramp up investment in poles and wires.
State by State Report published by sourceable.net contributed by Andrew Heaton.
On a state by state basis, according to ACIF:
- In New South Wales, the dollar value of work done will drop from $3.843 billion in 2013/14 to just over $2.895 billion in 2016/17 and stabilise thereon after
- In Victoria, activity will drop by more than three quarters from $2.673 billion in 2013/14 to to $563 million by 2017/18
- In Queensland, activity will fall from $4.621 billion in 2013/14 to less than $3 billion by 2016/17
- In Western Australia, the dollar value of work done will fall from $4.167 billion in 2013/14 to just over $3 billion by 2015/16
- In the Northern Territory and ACT, the dollar value of wok done will drop from $339 million and $253 million in 2013/14 to $230 million and $116 million respectively by 2017/18, although the NT is actually going to experience some growth in 2014/15
- The two growth states will be South Australia and Tasmania, with activity in the former dropping from $848 million to $798 million in 2014/15 but then rising above $1 billion by 2017/18 and that in Tasmania rising from $300 million to $434 million in 2014/15 and then rising steadily thereon after as work on a number of wind farm projects keeps activity reasonably strong on the former project and that on the Cattle Wind Farm lifts activity on the latter.