Australia Switchgear Market to Grow at a CAGR of 5.90% During 2026-2035, Aided by the Rapid Upgradation and Expansion of Electrification Structure

The Australia switchgear market growth is fuelled by the rapid expansion and upgradation of electrification infrastructure, along with increasing demand for electrical networks. Switchgear, comprising components like fuses, relays, switches, and circuit breakers, regulates and protects electrical equipment in power systems.

The Australia market for switchgear is expected to be aided by surging electricity generation and consumption as well as the shifting dynamics of the power generation industry. Such factors are significantly increasing the requirement for energy transmission and distribution in the country.

Fig.: Australian Electricity Generation from Renewable Sources in Gigawatt Hours 2017-2022

There is a rising demand for eco-friendly switchgear, which does not contain SF6. Such switchgears use dry and clean dry air as an alternative to greenhouse gases like SF6, hence lowering carbon footprint. With the rising emphasis on eco-conscious practices and increasing efforts to reduce environmental impact within the power sector, the demand for eco-friendly switchgear is likely to substantially rise in the forecast period.

Besides, smart switchgears, that can increase the efficiency, reliability, and safety of power systems, are gaining significant popularity in Australia. They are equipped with intelligent electronic devices (IEDs) and sensors to enable advanced diagnostics and ensure system integrity. Additionally, they boast real-time monitoring and predictive maintenance features, enabling prompt fault detection and system failure prevention.

Market players' adoption of favourable strategies to enhance digital switchgear production fuels the market growth. For instance, Schneider Electric (OTCMKTS: SBGSY) introduced a medium voltage digital switchgear line in August 2022, featuring shunt vacuum interruption (SVI) and pure air insulation technology. This move not only signifies a step towards sustainability but also underscores the company's commitment to innovation and meeting evolving consumer demands for efficient and eco-friendly solutions.

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Market Breakup by Voltage, Installation, Insulation, and End Use:

• The market is segmented based on voltage into low, medium, and high.
• Based on installation, the market can be divided into indoor and outdoor.
• On the basis of insulation, the market is categorised into gas and air, among others.
• By end use, the market is segmented into utilities, residential and commercial, and industrial.

Key Findings of the Report:

• The expansion and modernisation of Australia's electrification infrastructure, alongside the rising demand for electrical networks in industrial and residential sectors, are key drivers aiding the Australia switchgear market expansion. Additionally, increasing demand for renewable energy sources further fuels the market growth.
• The market growth stems from increasing infrastructure costs and legislative limitations on expanding power grids in rural regions. Additionally, government mandates to upgrade outdated systems in industrial settings for operational safety contribute to the market expansion.
• Australian government reforms, such as the retailer reliability obligation and system operation adjustments, alongside post-2025 market design planning, aim to enhance supply security. These initiatives are anticipated to drive switchgear demand in the foreseeable future.
• According to the Electricity (Network Safety) Regulations in Western Australia, operators or contractors planning to manage electricity networks must adhere to Australian Standard AS 62271 for high voltage A.C. switchgear and control gear during design, construction, commissioning, operation, maintenance, or decommissioning.

Key Offerings of the Report:

• The EMR report gives an overview of the Australia switchgear market for the periods (2019-2025) and (2026-2035).
• The report also offers historical (2019-2025) and forecast (2026-2035) market information for the voltages, installation, insulations, and end uses of switchgear in Australia.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Top Players:

The major players in the Australia switchgear market are:

• 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

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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