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Australia Switchgear Market Report and Forecast 2024-2032

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    Report

  • 163 Pages
  • April 2024
  • Region: Australia
  • Expert Market Research
  • ID: 5960616
According to this report, the Australia switchgear market size reached a value of USD 1.34 billion in 2023. Aided by the increasing demand for electrical supply safety, the rapid expansion of the renewable energy sector, and advancements in switchgear technology, the market is projected to further grow at a CAGR of 4.2% between 2024 and 2032 to reach a value of USD 1.98 billion by 2032.

The Australia switchgear market growth is primarily driven by the modernisation of ageing electrical infrastructure and the increasing investment in renewable energy projects across Australia. The country's commitment to reducing carbon emissions and its ambitious renewable energy targets have led to a surge in the installation of solar and wind power plants, necessitating the adoption of advanced switchgear solutions for efficient energy distribution and management.

Furthermore, the Australian government's regulatory policies promoting energy efficiency and safety standards in electrical installations have underscored the importance of high-quality switchgear. These regulations have spurred innovation in the switchgear market in Australia, with manufacturers focusing on developing technologically advanced, environmentally friendly, and energy-efficient products.

As Australia accelerates its shift towards renewable energy sources, the demand for switchgear capable of managing intermittent power supply increases. The integration of solar and wind energy into the grid requires advanced switchgear solutions that can handle fluctuating voltages and currents, ensuring stability and reliability in power distribution. As per the Australia switchgear market analysis, the demand for compact and modular switchgear is also growing, especially in urban areas where space is limited. These designs not only save valuable space but also offer flexibility in installation and expansion. Compact switchgear is particularly beneficial in densely populated or constrained environments, supporting the expansion of electrical infrastructure without the need for an extensive physical footprint.

As per the Australia switchgear market outlook, the digitalisation trend is making a substantial impact on the switchgear sector. With the integration of the Internet of Things (IoT), switchgear can now offer enhanced functionalities such as real-time monitoring, predictive maintenance, and energy management. This digital transformation enables more efficient grid management and supports the transition to smart grids, where energy efficiency and reliability are paramount.

The rising adoption of energy storage systems, including battery storage, as a complement to renewable energy sources, is influencing Australia switchgear market development. Switchgear that is compatible with ESS is crucial for optimising energy storage and release, contributing to grid stability and energy efficiency. This trend underscores the need for flexible switchgear solutions that can adapt to various energy storage technologies.

One notable trend is the increasing adoption of smart switchgear, equipped with digital capabilities for remote monitoring, control, and diagnostics. This advancement enhances the operational efficiency of power systems, enables predictive maintenance, and minimises downtime. Another significant trend is the shift towards gas-insulated switchgear (GIS), which offers superior performance and reduced space requirements compared to traditional air-insulated switchgear (AIS), contributing to the Australia switchgear market share.

Sustainability and environmental considerations are also influencing market developments, with a growing demand for switchgear that uses eco-friendly insulating gases instead of sulphur hexafluoride (SF6), a potent greenhouse gas. Manufacturers are exploring SF6-free technologies and alternative gases that significantly reduce the environmental impact.

Market Segmentation

The market can be divided based on voltage, installation, insulation, and end use.

Market Breakup by Voltage

  • Low
  • Medium
  • High

Market Breakup by Installation

  • Indoor
  • Outdoor

Market Breakup by Insulation

  • Gas
  • Air
  • Others

Market Breakup by End Use

  • Utilities
  • Residential and Commercial
  • Industrial

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia switchgear market. Some of the major players explored in the report are as follows:
  • Schneider Electric SE
  • Siemens AG
  • ABB Ltd.
  • Eaton Plc
  • Hitachi Ltd.
  • Toshiba Corp.
  • Mitsubishi Electric Corp.
  • RPS Switchgear Limited
  • Tamco Switchgear Malaysia SDN BHD
  • Insulect Australia Pty Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in the Market
8 Asia Pacific Switchgear Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Switchgear Historical Market (2018-2023)
8.3 Asia Pacific Switchgear Market Forecast (2024-2032)
8.4 Asia Pacific Switchgear Market breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 Australia Switchgear Market Overview
9.1 Key Industry Highlights
9.2 Australia Switchgear Historical Market (2018-2023)
9.3 Australia Switchgear Market Forecast (2024-2032)
10 Australia Switchgear Market by Voltage
10.1 Low
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 High
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Switchgear Market by Installation
11.1 Indoor
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Outdoor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Switchgear Market by Insulation
12.1 Gas
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Air
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 `Others
13 Australia Switchgear Market by End Use
13.1 Utilities
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Residential and Commercial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Industrial
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Schneider Electric SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ABB Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Eaton Plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hitachi Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Toshiba Corp.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Mitsubishi Electric Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 RPS Switchgear Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Tamco Switchgear Malaysia SDN BHD
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Insulect Australia Pty Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Switchgear Market: Key Industry Highlights, 2018 and 2032
2. Australia Switchgear Market: Key Industry Highlights, 2018 and 2032
3. Australia Switchgear Historical Market: Breakup by Voltage (USD Billion), 2018-2023
4. Australia Switchgear Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
5. Australia Switchgear Historical Market: Breakup by Installation (USD Billion), 2018-2023
6. Australia Switchgear Market Forecast: Breakup by Installation (USD Billion), 2024-2032
7. Australia Switchgear Historical Market: Breakup by Insulation (USD Billion), 2018-2023
8. Australia Switchgear Market Forecast: Breakup by Insulation (USD Billion), 2024-2032
9. Australia Switchgear Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Australia Switchgear Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Australia Switchgear Market Structure

Companies Mentioned

  • Schneider Electric SE
  • Siemens AG
  • ABB Ltd.
  • Eaton Plc
  • Hitachi Ltd.
  • Toshiba Corp.
  • Mitsubishi Electric Corp.
  • RPS Switchgear Limited
  • Tamco Switchgear Malaysia SDN BHD
  • Insulect Australia Pty Ltd.

Methodology

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