Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The Australia switchgear market size reached approximately USD 1.27 billion in 2023. The market is estimated to grow at a CAGR of 5.9% in the forecast period of 2024-2032, reaching a value of around USD 2.12 billion by 2032.
Switchgear encompasses electrical devices such as fuse, relays, switches, and circuit breakers that are responsible for controlling the electrical equipment in a power system. They can also disconnect or isolate the equipment during the occurrence of faults or for testing purposes.
Based on voltage, the market is divided into low, medium, and high. On the basis of installation, the market is bifurcated into indoor and outdoor. The Australia switchgear market segmentation, based on insulation, includes gas, and air, among others. On the basis of end use, the market is classified into utilities, residential and commercial, and industrial.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Australia switchgear market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
High-voltage switchgear occupies a significant portion of the Australia switchgear market share, due to its widespread utilisation in office and commercial buildings, among others. There is also a surge in the integration of these switchgear with renewable energy systems.
For instance, the Australian Energy Market Operator (AEMO) presented a 30-year roadmap, in which the electricity consumption of the country from the grid is expected to double by 2050, presenting lucrative growth opportunities for the segment.
Additionally, high-voltage gas-insulated switchgear is popular for indoor purposes, due to its compact size as well as lower carbon footprint compared to air-insulated switchgear, which further provides a positive market outlook.
As per the Australia switchgear market analysis, commercial and industrial sectors account for a major market share, due to the growing industrialisation in the country. The rising adoption of smart grids is also expected to fuel the demand for smart switchgear for efficient power supply and transmission.
There is also a surge in the establishment of data centres, which is expected to boost the requirement for switchgear that can provide reliable electricity. Moreover, the residential sector is expected to witness robust growth in the coming years, owing to rapid urbanisation and high electricity demand.
Schneider Electric SE is a multinational digital automation and energy management company, founded in 1836 and based in Rueil-Malmaison, France. The company offers a comprehensive range of software for data centre, grid and substation management, industrial automation, and power distribution management, among others. It mainly addresses the needs of buildings, data centres, and industrial sectors through its products and services.
Siemens AG, established in 1847 and headquartered in Munich, Germany, is a multinational technology company. It offers its services to industry verticals such as aerospace, automotive manufacturing, battery manufacturing, commercial buildings, and machinery and plant construction, among others. The major subdivisions of the company are digital industries, financial services, and smart infrastructure, among others.
Toshiba Corp, incorporated in 1875, is an electronics corporation, with its headquarters in Tokyo, Japan. The company is well known for its digital solutions, electronic devices, and energy solutions across the world. It has reduced its carbon emission during the manufacturing process by over 20% as an initiative towards sustainability.
Other Australia switchgear market players include ABB Ltd., Eaton Plc, Hitachi Ltd., Mitsubishi Electric Corp., RPS Switchgear Limited, Tamco Switchgear Malaysia SDN BHD, and Insulect Australia Pty Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Voltage |
|
Breakup by Installation |
|
Breakup by Insulation |
|
Breakup by End Use |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market was valued at USD 1.27 billion in 2023.
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The revenue generated from the switchgear market is expected to reach USD 2.12 billion in 2032.
The major market drivers are rising interruptions in power supply, upgradation of the ageing infrastructure, and rapid industrialisation.
The key trends of the market include the growing integration of eco-efficient switchgear in power systems, rising popularity of smart switchgear, and favourable strategies by market players.
Different voltages are low, medium, and high.
Different end uses are utilities, residential and commercial, and industrial.
The key players in the 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, and Insulect Australia Pty Ltd., among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124