Report Overview

Australia and New Zealand Switchgear Market – Industry Trends & Forecast Report, 2030

Australia and New Zealand Switchgear Market size by value was estimated at USD 2.81 billion in 2023. During the forecast period between 2024 and 2030, Australia and New Zealand Switchgear Market size is expected to expand at a CAGR of 5.52% reaching a value of USD 4.04 billion by 2030. Australia and New Zealand Switchgear Market is driven by several key factors: rising energy demand, urbanization, and industrialization, which necessitate reliable power distribution systems. The integration of renewable energy sources like solar and wind also boosts demand for advanced switchgear. Additionally, infrastructure upgrades and the modernization of aging electrical systems are crucial. Government regulations and initiatives aimed at improving electrical safety and reducing energy losses further propel market growth.

Switchgears – Overview

Switchgear is a crucial component in electrical power systems, designed to control, protect, and isolate electrical equipment. It includes devices like circuit breakers, fuses, and relays, which safeguard systems from faults such as short circuits and overloads. Switchgear ensures the safe de-energization of equipment for maintenance and repairs, enhancing system reliability and safety. It is used across various voltage levels, from low to high, and is essential for maintaining an uninterrupted power supply and protecting electrical infrastructure.

Australia and New Zealand Switchgear Market      

Growth Drivers

Growth of Smart Electricity Grid Infrastructure

The growth of smart electricity grid infrastructure is a significant driver for Australia and New Zealand Switchgear Market. Smart grids enhance the efficiency, reliability, and sustainability of electricity distribution by integrating advanced technologies like IoT and real-time data analytics. The grid modernization supports the seamless integration of renewable energy sources, reduces energy losses, and improves grid management. Government initiatives and investments in smart grid projects further accelerate the adoption of advanced switchgear solutions.

Challenges

Downturn in Building & Construction Sector

Downturn in building & construction sector could pose a significant restraint for the growth of Australia and New Zealand Switchgear Market. Factors such as increased construction costs, labor shortages, and a rise in construction insolvencies have led to a slowdown in both residential and non-residential construction activities. The reduced construction activities directly affect the demand for switchgear, as fewer new buildings and infrastructure projects require electrical distribution systems.

Impact of Escalating Geopolitical Tensions on Australia and New Zealand Switchgear Market    

Intensifying and further spreading of geopolitical tensions among countries across major regions could adversely affect Australia and New Zealand Switchgear Market. Heightened tensions can disrupt supply chains, leading to delays in the procurement of essential components and increased costs. Trade restrictions and tariffs may also affect the availability and pricing of raw materials. Additionally, geopolitical instability can lead to fluctuating currency exchange rates, impacting the cost of imports and exports. These factors collectively create an uncertain business environment, making it challenging for companies to plan and invest in new projects. Further, increased defense spending in response to geopolitical threats may divert funds from infrastructure development, potentially slowing down the growth of Australia and New Zealand Switchgear Market.

Australia and New Zealand Switchgear Market

Segmental Information    

Australia and New Zealand Switchgear Market – By Installation

By installation, Australia and New Zealand Switchgear Market is divided into Indoor and Outdoor segments. The indoor segment holds a larger share of Australia and New Zealand Switchgear Market by installation, due to the widespread use of indoor switchgear in commercial and industrial settings, where space is often constrained, and there is a need for compact, safe, and efficient power distribution systems. Indoor switchgear also offers better protection from environmental factors, making it more reliable and preferred for applications in urban infrastructure, high-rise buildings, and factories across both countries.

Australia and New Zealand Switchgear Market – By Insulation Type

Based on insulation type, Australia and New Zealand Switchgear Market is divided into Air Insulated, Gas Insulated, and other segments. The air insulated segment is the largest insulation type in Australia and New Zealand Switchgear Market, due to the widespread use in medium- and low-voltage applications across residential, commercial, and industrial sectors. Air insulated switchgear is preferred for its cost-effectiveness, safety, and reliability in moderate voltage requirements. The market's strong focus on energy infrastructure development, renewable energy integration, and utility upgrades further fuels the demand for air insulated switchgear over gas insulated alternatives.

Australia and New Zealand Switchgear Market – By Current

On the basis of current, Australia and New Zealand Switchgear Market is divided into AC and DC segments. The AC (Alternating Current) segment holds a larger share of Australia and New Zealand Switchgear Market. The segment’s dominance is driven by the widespread use of AC systems in power distribution, transmission, and industrial applications across various sectors. AC switchgear is essential for managing high-voltage power transmission in urban infrastructure, commercial buildings, and industrial plants. Its versatility and efficiency in handling high power loads contribute to its larger adoption compared to the DC (Direct Current) segment in the region.

Australia and New Zealand Switchgear Market – By End User

Based on end user, Australia and New Zealand Switchgear Market is divided into Transmission & Distribution Utilities, Industries, Commercial & Residential, and other segments. The transmission & distribution utilities segment is the largest end user in Australia and New Zealand Switchgear Market, due to significant investments in upgrading and expanding power infrastructure to accommodate growing energy demands. The increasing focus on renewable energy integration, grid modernization, and reliable electricity distribution has further accelerated demand in this segment. Transmission & distribution utilities play a crucial role in ensuring efficient power delivery, making it the primary contributor to Australia and New Zealand Switchgear Market.

Competitive Landscape

Key players in the highly competitive Australia and New Zealand Switchgear Market include Schneider Electric, ABB, Siemens, Eaton, Legrand, Hager, Clipsal, Preece Cardew, Baxter Electrical, and Delta Electronics. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In May 2024 - Siemens formed a strategic partnership with a leading renewable energy company to develop and deploy smart grid solutions across several regions.

• In April 2024 - ABB launched its latest eco-efficient switchgear technology, which uses alternative gases to SF6, significantly reducing the environmental impact of its products.

Scope of the Report

By Installation

• Indoor

• Outdoor

By Insulation Type

• Air Insulated

• Gas Insulated

• Others

By Voltage

• Low

• Medium

• High

By Current

• AC

• DC

By End User

• Transmission & Distribution Utilities

• Industries

• Commercial & Residential

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Australia and New Zealand Switchgear Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growth of Smart Electricity Grid Infrastructure
         2. Growing Focus on Infrastructure and Renewable Energy Sources
         3. Rising Demand for Electricity in Developing Economies
      2. Restraints
         1. Downturn in Construction Industries
         2. High Initial Investment Costs
      3. Opportunities
         1. Increasing Stringency of Regulations
         2. Advancements in Switchgear Technology
      4. Challenges
         1. Maturity in Developed Markets
         2. Availability of Low-Cost Alternatives
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Australia and New Zealand Switchgear Market: Marketing Strategies
5. Australia and New Zealand Switchgear Market: Pricing Analysis
6. Australia and New Zealand Switchgear Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Installation
         1. Indoor
         2. Outdoor
      2. By Insulation Type
         1. Air Insulated
         2. Gas Insulated
         3. Others
      3. By Voltage
         1. Low
         2. Medium
         3. High
      4. By Current
         1. AC
         2. DC
      5. By End User
         1. Transmission & Distribution Utilities
         2. Industries
         3. Commercial & Residential
         4. Others
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Australia and New Zealand Switchgear Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on Australia and New Zealand Switchgear Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Schneider Electric
   2. ABB
   3. Siemens
   4. Eaton
   5. Legrand
   6. Hager
   7. Clipsal
   8. Preece Cardew
   9. Baxter Electrical
   10. Delta Electronics
   11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.   Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Australia and New Zealand Switchgear  Segmentation

Figure 2       Australia and New Zealand Switchgear  Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Australia and New Zealand Switchgear  Market Size, By Value (USD Million), 2019–2030

Figure 5       Australia and New Zealand Switchgear  Market Share, By Installation,  By Value, 2019–2030

Figure 6       Australia and New Zealand Switchgear  Market Share, By Insulation Types, By Value, 2019–2030

Figure 7       Australia and New Zealand Switchgear  Market Share, By Voltage,  By Value, 2019–2030

Figure 8       Australia and New Zealand Switchgear  Market Share, By Current, By Value, 2019–2030

Figure 9       Australia and New Zealand Switchgear  Market Share, By End User, By Value, 2019–2030

List of Tables

Table 1        Australia and New Zealand Switchgear  Market Size, By Value (USD Million), 2019–2030

Table 2        Australia and New Zealand Switchgear  Market Size, By Installation,  By Value, 2019–2030

Table 3        Australia and New Zealand Switchgear  Market Size, By Insulation Types, By Value, 2019–2030

Table 4        Australia and New Zealand Switchgear  Market Size, By Voltage,  By Value, 2019–2030

Table 5        Australia and New Zealand Switchgear  Market Size, By Current, By Value, 2019–2030

Table 6        Australia and New Zealand Switchgear  Market Size, By End User, By Value, 2019–2030

Table 7        Schneider Electric Company Overview

Table 8        Schneider Electric Financial Overview

Table 9        ABB Company Overview

Table 10      ABB Financial Overview

Table 11      Siemens Company Overview

Table 12      Siemens Financial Overview

Table 13      Eaton Company Overview

Table 14      Eaton Financial Overview

Table 15      Legrand Company Overview

Table 16      Legrand Financial Overview

Table 17      Hager Company Overview

Table 18      Hager Financial Overview

Table 19      Clipsal Company Overview

Table 20      Clipsal Financial Overview

Table 21      Preece Cardew Company Overview

Table 22      Preece Cardew Financial Overview

Table 23      Baxter Electrical Company Overview

Table 24      Baxter Electrical Financial Overview

Table 25      Delta Electronics  Company Overview

Table 26      Delta Electronics  Financial Overview