Australia Switchgear Market Evolving Technology and Growth Outlook 2020 to 2025

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Switchgear production region, major players, and product type which will provide a simplified view of the Switchgear industry. The Switchgear market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Switchgear market which will help the emerging market segments in making vital business decisions.

The Switchgear Market in Australia is expected to grow at a CAGR of 6% over the forecast period 2020 to 2025.

Switchgear Market Segmentation:  

This report on Australia Switchgear market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Switchgear. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Australia Switchgear market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABB Ltd.( NYSE: ABB), Schneider Electric SE, Tamco Switchgear Malaysia SDN BHD, amongst others.

High Voltage Switchgear to have Significant Market Share

- High voltage switchgear consists of high-voltage components such as circuit-breakers and disconnectors. They are majorly used in places like in city buildings, office spaces, on offshore platforms, extensions, on roofs, etc.
- High voltage switchgears are broadly categorized as Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS). The major applications of GIS are power transmission,railways, and integration of renewable power generation units to the grid.
- Demand for high voltage switchgears will be propelled by the country's potential to integrate renewable power generation units to the grid. For instance, according to the Australian Energy Market Operator (AEMO), by 2025, the Australian grid could derive 75% of electricity from renewables mainly from wind and solar.

Adoption of Renewable Sources of Energy to Drive the Market

- Prompted by the South Australia system-wide blackout of September 2016 and the Finkel Review, the government is implementing reforms to foster security of supply, including a retailer reliability obligation, adjustments to system operation, and planning for market design post-2025 at higher levels of variable renewables. This is expected to drive the demand for switchgears during the forecast period.
- According to Rystad Energy, new projects proposed in 2019 represented almost AUD 60 billion in potential investment in Australia, with large-scale solar farms leading the charge. Renewable energy projects completed in 2020 include 226 MW Murra Warra Wind Farm in Victoria, 105 MW Nevertire Solar Farm in New South Wales, among others.
- Based on the outcomes of the 2017 climate policies and Finkel reviews, Australia developed a low emission strategy to reach the INDC of 26-28% CO2 emissions reduction in the electricity sector by 2030. In 2017, the government launched a AUD 5 million Solar Communities program, which will support local responses to climate change and deliver lower electricity costs for community organizations. The program will provide funding for community groups in selected regions across Australia to install rooftop solar PV, solar hot water, and solar-connected battery systems.         

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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Switchgear market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Key Takeaways from this Report

Impact of low unit costs, diversified product ranges and intense competition on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Regional analysis of the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)           

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