Market Forecast By Voltage (Low Voltage (By Type (MCB, MCCB, ACB & Others), By Application (Residential, Commercial, Industrial, Power Utilities & Others)), Medium Voltage (By Application (Residential, Commercial, Industrial, Power Utilities & Others), By Insulation Type (Air Insulated Switchgear & Other Insulated Switchgear)), High Voltage Switchgear (By Application (Residential, Commercial, Industrial, Power Utilities & Others)), By Insulation Type (Air Insulated Switchgear, Other Insulated Switchgear)), By Applications (Residential, Commercial, Industrial, Power Utilities & Others) And Competitive Landscape.
Product Code: ETC002051 | Publication Date: May 2022 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Switchgear Market registered a growth of 6.39% in value shipments in 2022 as compared to 2021 and an increase of 2.61% CAGR in 2022 over a period of 2017. In Switchgear Market Australia is becoming less competitive as HHI index in 2022 was 1232 while in 2017 it was 1051. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Australia has reportedly relied more on imports to meet its growing demand in Switchgear Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Switchgear Market in 2022 was 5.64 while in 2017 it was 7.66. China, USA, Germany, New Zealand and Mexico were among the top players of the market in 2022, where China acquired the largest market share of 28.77% with a shipment value of 59.35 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Switchgear Market. In 2017 China had the largest market share of 22.8% with the shipment value of 37.92 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although China offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Australia Switchgear Market in 2017.
Australia Switchgear Market is projected to grow over the coming year. Australia Switchgear Market report is a part of our periodical regional publication Asia Pacific Switchgear Market outlook report. 6W tracks Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Switchgear Market outlook report annually.
Australia Switchgear Market report comprehensively covers the market by Voltage, Types, application and Insulation. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Switchgear Market Synopsis
Australia Switchgear Market is anticipated to generate sound revenues during the upcoming years on account of rising disposable income. Increasing penetration towards the development of renewable power sector is driving the Australia Switchgear Market Growth. Additionally, the growing remand for reliable and efficient transmission is one of the key factors proliferating the growth of the market. The switchgears are commonly used in various sectors such as residential, commercial and industrial sector.
According to 6Wresearch, Australia Switchgear Market size is projected to register growth during 2022-2028. Rising integration of cogeneration plants across the power grid infrastructure beholds the growth of the market. Moreover, increased consumption of electricity in emerging economies is one of the key factors proliferating the Australia Switchgear Market Share. The growing usage of raw material in manufacturing is also propelling the growth of the market. However, the health emergency caused by the outburst of global pandemic hampered the growth of the market owing to nationwide restrictions on movement of goods. Unplanned lockdown by the government led to disruption in supply chain and further declined the development of the market.
Market Analysis by Insulation
On the basis of insulation, the gas insulated switchgear is expected to generate significant growth during the upcoming years on account of economic pricing and high efficiency.
Key Attractiveness of the Report
Key Highlights of Switchgear Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2 Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Australia Switchgear Market Overview |
3.1 Australia Switchgear Market Revenues (2018-2028F) |
3.2 Australia Switchgear Market - Industry Life Cycle, 2021 |
3.3 Australia Switchgear Market - Porter’s Five Forces |
3.4 Impact Analysis of Covid-19 on Australia Switchgear Market |
4. Australia Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Australia Switchgear Market Trends |
6. Australia Low Voltage Switchgear Market Overview |
6.1 Australia Low Voltage Switchgear and Panels Market Revenues (2018-2028F) |
6.2 Australia Low Voltage Switchgear Market Overview, By Types |
6.2.1 Australia Low Voltage Switchgear Market Revenue Share, By Types (2021 & 2028F) |
6.2.2 Australia Low Voltage Switchgear Market Revenues, By Types (2018-2028F) |
6.3 Australia Low Voltage Switchgear Market Overview, By Applications |
6.3.1 Australia Low Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
6.3.2 Australia Low Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
7. Australia Medium Voltage Switchgear Market Overview |
7.1 Australia Medium Voltage Switchgear Market Revenues (2018-2028F) |
7.2 Australia Medium Voltage Switchgear Market Overview, By Insulation Types |
7.2.1 Australia Medium Voltage Switchgear Market Revenue Share, By Insulation Types (2021 & 2028F) |
7.2.2 Australia Medium Voltage Switchgear Market Revenues, By Insulation Types (2018-2028F) |
7.3 Australia Medium Voltage Switchgear Market Overview, By Applications |
7.3.1 Australia Medium Voltage Switchgear Market Revenue Share, By Applications (2021 & 2028F) |
7.3.2 Australia Medium Voltage Switchgear Market Revenues, By Applications (2018-2028F) |
8. Australia High Voltage Switchgear Market Overview |
8.1 Australia High Voltage Switchgear Market Revenues (2018-2028F) |
8.2 Australia High Voltage Switchgear Market Overview, By Insulation Types |
8.2.1 Australia High Voltage Switchgear Market Revenue Share, By Insulation (2021 & 2028F) |
8.2.2 Australia High Voltage Switchgear Market Revenues, By Insulation (2018-2028F) |
8.3 Australia High Voltage Switchgear Market Overview, By Application Types |
8.3.1 Australia High Voltage Switchgear Market Revenue Share, By Application Types (2021 & 2028F) |
8.3.2 Australia High Voltage Switchgear Market Revenues, By Application Types (2018-2028F) |
9. Australia Switchgear Market Overview, By Applications |
9.1 Australia Switchgear Market Revenues, By Residential Application (2018-2028F) |
9.2 Australia Switchgear Market Revenues, By Commercial Application (2018-2028F) |
9.3 Australia Switchgear Market Revenues, By Industrial Application (2018-2028F) |
9.4 Australia Switchgear Market Revenues, By Power Utilities Application (2018-2028F) |
9.5 Australia Switchgear Market Revenues, By Other Application (2018-2028F) |
10. Australia Switchgear Market Key Performance Indicators |
11. Australia Switchgear Market Opportunity Assessment |
11.1 Australia Switchgear Market Opportunity Assessment, By Voltage (2028F) |
11.2 Australia Switchgear Market Opportunity Assessment, By Applications (2028F) |
12. Australia Switchgear Market Competitive Landscape |
12.1 Australia Switchgear Market Revenue Share, By Voltage, By Company (2021) |
12.2 Australia Switchgear Market Competitive Benchmarking, By Technical Parameters |
12.3 Australia Switchgear Market Competitive Benchmarking, By Operational Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated, Others), High Voltage Switchgear (Air Insulated, Gas Insulated, Others)), By Types (Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others), Medium Voltage Switchgear (Indoor Switchgear (ISG), Outdoor Switchgear (OSG), Others)), By Applications (Residential, Commercial, Industrial, Power Utilities, Other) and competitive landscape
Product Code: ETC002051 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Growing construction projects, expanding industrial and manufacturing sectors coupled with changing government policies for exploration and extraction of energy and fuels resulting in a further increase in demand for continuous electricity supply has driven the demand for switchgear market in Australia. For instance, National Energy Resources Australia (NERA) has passed a plan to invest $10 billion for the expansion of the oil & gas sector in the country.
According to 6Wresearch, Australia Switchgear Market size is anticipated to register growth during 2020-26. Growing government investment for the expansion of grid infrastructure in the country along with setting up new power plants for interrupted power supply in the country would lead to a surge in demand for switchgear market over the forecast period. However, the Australia market is expected to register a decline in demand during 2020, owing to the global pandemic COVID-19, which has adversely affected the economic growth of the country along with a reduction in investment by the government and private sector.
Based on applications, the industrial sector accounted for the highest revenue share in the overall market owing to increasing industrial output and a rising number of industrial parks in the country. However, during the forecast period, the commercial segment is anticipated to exhibit the highest growth due to hotel expansions and the flourishing banking industry in the country.
The Australia Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Australia Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Australia Switchgear market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Australia Switchgear Market report provides a detailed analysis of the following market segments: