Australia Switchgear Market Size, Share & Forecast 2032

Australia Switchgear Market Report by Voltage Type (Low-Voltage, Medium-Voltage, High-Voltage), Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and Others), Installation (Indoor, Outdoor), End Use (Commercial, Residential, Industrial), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A24643

Buy Now New Year Sale

Australia Switchgear Market Overview:

The Australia switchgear market size reached USD 1.34 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.31 Billion by 2032, exhibiting a growth rate (CAGR) of 5.80% during 2024-2032 The market is experiencing steady growth driven by the integration of renewable energy, the need to upgrade aging electrical infrastructure, and stringent regulatory and environmental compliance.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	USD 1.34 Billion
Market Forecast in 2032	USD 2.31 Billion
Market Growth Rate 2024-2032	5.80%

Australia Switchgear Market Trends:

Renewable Energy Integration

The growth of Australia's switchgear market is driven primarily by the ambitious renewable energy targets of the country, coupled with accompanying infrastructure upgrades. Due to the commitment of the Australian government toward renewable sources of generation, such as wind and solar, the demand for switchgear that can manage intermittent supplies and ensure reliability in the power distribution network is increasing significantly. This is raising demand for advanced switchgear solutions, since the integration of renewable energy requires robust grid infrastructure with more handling of load balancing and energy storage. Thus, this is making switchgear devices highly essential in the country's move into a greener composition of energy aspects of safe transmission and management of energy flows, hence driving the market. Furthermore, the rapid digitalization and adoption of smart grids are also fueling the demand for technologically advanced switchgear, which enhances efficiency and provides better monitoring and control of energy distribution networks.

Upgradation of Aging Electrical Infrastructure

One of the significant market drivers includes the replacement and upgradation of aging electrical infrastructure. Most of the components that make up the electrical grid are reaching the end of their operational life, hence raising concerns regarding the reliability and safety of the systems. Upgrading such systems with modern switchgear technologies reduces losses in energy efficiency and decreases the incidence of electrical failures. Therefore, this is positively influencing the market. Apart from this, government and private sector investments in infrastructure projects to modernize the grid enhance operational functionalities and meet strict regulatory standards for electrical systems are favoring the market. Regulations such as the Australian Standard AS 62271 for high-voltage switchgear and control gear assemblies are ensuring that installations meet current technical and safety standards. Adherence to such regulations is leading to innovation in switchgear manufacturing and promoting technologies that reduce ecological footprints while at the same time improve the efficiencies of systems, which is driving the momentum in the market.

Australia Switchgear Market News:

December 6, 2023: TGOOD Australia opened a new renewable energy assembly facility in Rocklea, Queensland, which is expected to create 30 new jobs. The facility aims to support the region's renewable energy projects by manufacturing critical substation equipment for various applications. TGOOD is also committed to enhancing the local skill pool through graduate programs and achieving a balanced gender ratio among its employees.
April 11, 2024: The Australian government introduced the 'Future Made in Australia Act', which is aimed at leveraging the renewable energy transition globally and capitalizing on Australia's rich clean energy resources. The plan focuses on transitioning to a carbon-neutral economy, enhancing supply chain resilience, and supporting industries like battery manufacturing and renewable hydrogen.

Australia Switchgear Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on voltage type, insulation, installation, and end use.

Voltage Type Insights:

Low-Voltage
Medium-Voltage
High-Voltage

The report has provided a detailed breakup and analysis of the market based on the voltage type. This includes low-voltage, medium-voltage, and high-voltage.

Insulation Insights:

Gas Insulated Switchgear (GIS)
Air Insulated Switchgear (AIS)
Others

A detailed breakup and analysis of the market based on the insulation have also been provided in the report. This includes gas insulated switchgear (GIS), air insulated switchgear (AIS), and others.

Installation Insights:

Indoor
Outdoor

The report has provided a detailed breakup and analysis of the market based on the installation. This includes indoor and outdoor.

End Use Insights:

Commercial
Residential
Industrial

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes commercial, residential, and industrial.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Switchgear Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Voltage Type Insulation Installation End Use Region
Voltage Types Covered	Low-Voltage, Medium-Voltage, High-Voltage
Insulations Covered	Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), Others
Installations Covered	Indoor, Outdoor
End Uses Covered	Commercial, Residential, Industrial
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia switchgear market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Australia switchgear market?
What is the breakup of the Australia switchgear market on the basis of voltage type?
What is the breakup of the Australia switchgear market on the basis of insulation?
What is the breakup of the Australia switchgear market on the basis of installation?
What is the breakup of the Australia switchgear market on the basis of end use?
What are the various stages in the value chain of the Australia switchgear market?
What are the key driving factors and challenges in the Australia switchgear?
What is the structure of the Australia switchgear market and who are the key players?
What is the degree of competition in the Australia switchgear market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia switchgear market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia switchgear market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia switchgear industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options New Year Sale

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.