New Zealand Switchgear Market (2020-2026)

The exponential growth of the construction industry and surge in the investment in industrial and commercial projects has driven the demand for uninterrupted power supply in the country leading to the growth of the switchgear market in New Zealand. In 2019, the last quarter construction industry has registered a growth of over 9% leading to further growth in market revenues. 

According to 6Wresearch, the New Zealand Switchgear Market size is anticipated to register growth during 2020-26. Growing government investment for the expansion of electricity supply in the country along with setting up new power plants would lead to a surge in demand for the switchgear market over the forecast period. For instance, Todd Corporation was given a contract worth $100 million to build a natural gas-fired electricity plant in Taranaki, by mid-2020, which would supply power to more than 70,000 residential units in the country would positively influence the market growth during the forecast period.

Moreover, construction of several new commercial and non-commercial projects in the country, all of which have switchgear as a prominent component of their electrical infrastructure would lead to an upsurge in the switchgear market revenues over the coming years. Based on applications, power utility applications acquired a majority of the market revenue share, owing to a considerable amount of investment in the renewable sector. Moreover, the grid strengthening and interconnection of regions that involve the establishment of substations in the country are likely to fuel the demand for switchgear during the forecast period.

The New Zealand Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The New Zealand Switchgear market outlook provides an unbiased and detailed analysis of the on-going New Zealand 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.

The New Zealand switchgear market is projected to witness progressive growth in the upcoming six years backed by the rise in the power utility sector. Additionally, the growth and development of the commercial sector in the country gives a spur for the installation of switchgear has led to regular supply and ensures an uninterpretable working process, especially in the corporate sector. Further, the rising sub-urban population tends to require high power consumption domestically as a basic facility in order to perform essential household functions which are expected to spur the potential growth of the new Zealand switchgear market in the upcoming six years.

Key Highlights of the Report:

• New Zealand Switchgear Market Overview
• New Zealand Switchgear Market Outlook
• New Zealand Switchgear Market Forecast
• Historical Data of New Zealand Switchgear Market Revenues & Volume for the Period 2016-2019
• New Zealand Switchgear Market Size and New Zealand Switchgear Market Forecast of Revenues & Volume, Until 2026
• Historical Data of New Zealand Switchgear Market Revenues & Volume, by Types, for the Period 2016-2019
• Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, by Types, Until 2026
• Historical Data of New Zealand Switchgear Market Revenues & Volume, by Voltage types, for the Period 2016-2019
• Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, by Voltage types, Until 2026
• Historical Data of New Zealand Switchgear Market Revenues & Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, By Applications, Until 2026
• Market Drivers and Restraints
• New Zealand Switchgear Market Price Trends
• New Zealand Switchgear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• New Zealand Switchgear Market Share, By Players
• New Zealand Switchgear Market Share, By Regions
• New Zealand Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The New Zealand Switchgear Market report provides a detailed analysis of the following market segments:

• 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

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.

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