Press release
Australia Switchgear Market To Witness Astonishing Growth – 2027 | Key Players: ABB Ltd., Schneider Electric SE, Siemens AG, Tamco Switchgear Malaysia SDN BHD
The Australia Switchgear Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Australia Switchgear market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Australia Switchgear market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Australia Switchgear market.The Switchgear Market in Australia is expected to grow at a CAGR of 6% over the forecast period 2021 to 2026.
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Top Leading Companies of Australia Switchgear Market are - ABB Ltd., Schneider Electric SE, Siemens AG, Tamco Switchgear Malaysia SDN BHD, Eaton Corporation PLC, Terasaki Electric Co., RPS Switchgear Limited, Switchgear Company NV and others.
Industry News and Updates:
- May 2020 - French company Neoen partnered with CleanCo to build the largest solar project of Australia in the Western Downs region, which can generate 400MWac. Western Downs will be powered by the SMA inverter MVPS 6000-S-AU, operating at 1500 Vdc. The inverters will be manufactured by SMA in Kassel, Germany, and assembled in Wodonga, Victoria, with transformer manufacturer Wilson Transformer Company (WTC). The project will generate energy to power 235,000 Queensland homes or enough to power every home on the Sunshine Coast.
- April 2020 - ABB expands its UniGear medium-voltage switchgear portfolio by introducing UniGear ZS1 63 kA, which further strengthens the portfolio. It can be used for demanding applications like power stations and steel, oil&gas, and chemical plants.
Key Market Trends:
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Australia Switchgear Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Australia Switchgear Market (%),2016 - 2026
- Australia Switchgear Market Share, By Brand
- Australia Switchgear Market Share, By Company
- Australia Switchgear Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Australia Switchgear Market Value Analysis & Forecast
- Promising Australia Switchgear Development by Major Companies
- Detailed Australia Switchgear Portfolio of the Major Companies
- Major Deals in the Australia Switchgear Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082593226/australia-switchgear-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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