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Australia Switchgear Market Size, Share, Growth, Trends: By Voltage: Low, Medium, High; By Installation: Indoor, Outdoor; By Insulation: Gas, Air, Others; By End Use: Utilities, Residential and Commercial, Industrial; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Australia Switchgear Market Outlook
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.
Key Trends in the Market
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.
- Growing integration of eco-friendly switchgear in power systems, which do not contain SF6, is one of the crucial Australia switchgear market trends. Such systems involve the usage of clean or dry air as an alternative to SF6 and other greenhouse gases to reduce the overall carbon footprint and provide an environmentally friendly solution.
- Smart switchgear is gaining prominence in Australia as it enhances the efficiency, reliability, and safety of a power system. It mainly consists of sensors and intelligent electronic devices (IEDs) for advanced diagnostics to ensure the safety and proper functioning of the system. It also offers real-time monitoring and predictive maintenance capabilities for the timely detection of faults and system failures.
- Favourable strategies by market players to increase the production of digital switchgear also contribute to the Australia switchgear market growth. For example, in August 2022, Schneider Electric launched a medium voltage digital switchgear range in Australia which possesses shunt vacuum interruption (SVI) and pure air insulation technology as a leap towards sustainability.
Market Analysis
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.
- 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
Market Share by Voltage
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.
Market Share by End Use
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.
Competitive Landscape
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.
Key Highlights of the Report
| 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:
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| Breakup by Voltage |
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| Breakup by Installation |
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| Breakup by Insulation |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 Snapshot
7 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
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.27 billion.
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 2.12 billion by 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.
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