Australia Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Australia Switchgear Market Report is Segmented by Voltage Class (High Voltage, Medium Voltage, and Low Voltage) and End User (Utilities, Residential and Commercial, and Industrial). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Australia Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Australia Switchgear Market Size

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Australia Switchgear Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.52 Billion
Market Size (2030) USD 2.01 Billion
CAGR (2025 - 2030) 5.70 %
Market Concentration Low

Major Players

Australia Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Australia Switchgear Market Analysis

The Australia Switchgear Market size is estimated at USD 1.52 billion in 2025, and is expected to reach USD 2.01 billion by 2030, at a CAGR of 5.7% during the forecast period (2025-2030).

Increasing electricity generation and consumption and the changing dynamics in the power generation industry are expected to be the major drivers for the transmission and distribution of power, which are expected to drive the Australian switchgear market during the forecast period.

  • The primary drivers of the Australian switchgear market are the upgradation and expansion of the electrification infrastructure and the demand for electrical networks for industrial and residential utilities. The rise in the demand for renewable energy sources is also one of the primary driving factors.
  • The market is growing due to rising infrastructure development costs and legislative restrictions on extending the power grid in rural areas. Government directives are also driving market expansion to replace outdated systems in industrial organizations to ensure operational safety and security.
  • Eastern Australia's National Electricity Market (NEM) operates the world's most extensive interconnected power system that runs for more than 5,000 km from North Queensland to Tasmania and central South Australia and meets the demand of more than 10 million end users. This is expected to drive the demand for switchgear during the forecast period.
  • The Australian switchgear market was significantly impacted by the COVID-19 pandemic, as major suppliers of raw materials and finished products were hugely affected. The industry faced a reduction in production, disruption in the supply chain, and price fluctuations. The impact of the pandemic on the country's power sector also affected the industry.

Australia Switchgear Industry Overview

The Australian switchgear market is fragmented due to the absence of a major player with a dominant market share. Major players in the market include ABB Ltd, Schneider Electric SE, and Tamco Switchgear Malaysia SDN BHD.

In November 2023, Ausgrid, at Westfield Miranda in Sydney, made a significant stride by installing Australia’s inaugural Siemens blue gas insulated (GIS) medium voltage switchgear. This innovative switchgear, utilizing climate-neutral 'clean air' in lieu of sulfur hexafluoride (SF6), marks a pivotal step in emissions reduction. By transitioning to 'clean air,' Ausgrid not only curbs its reliance on SF6 but does so without compromising performance or economic viability.

In May 2024, Hitachi Energy was chosen by Marinus Link Pty Ltd (MLPL) to spearhead a high-voltage direct current (HVDC) project. This project aims to bolster the connection between mainland Australia and Tasmania's grid. Spanning approximately 345 km, the HVDC system is expected to establish a bi-directional flow of renewable power between Victoria and Tasmania. Marinus Link's strategic use of converter technology at both terminuses underscores its commitment to stabilizing the grid and facilitating the integration of an increasing share of renewables.

Australia Switchgear Market Leaders

  1. ABB Ltd.

  2. Schneider Electric SE

  3. Siemens AG

  4. Tamco Switchgear Malaysia SDN BHD

  5. Eaton Corporation PLC

  6. *Disclaimer: Major Players sorted in no particular order
Australia Switchgear Market Concentration
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Australia Switchgear Market News

  • December 2023 - TGOOD Australia, a key player in Australia's power transmission and distribution market, unveiled its latest manufacturing facility. Specializing in critical substation equipment for power utilities, renewable energy, mining, and infrastructure, TGOOD recently supplied all prefabricated substation equipment for the Chinchilla BESS project, commissioned by CS Energy. The company's product lineup features a hybrid gas-insulated switchgear, a high-voltage gas-insulated switchgear, and a primary and secondary medium-voltage switchgear. This expansion signals TGOOD's commitment to growing its presence in Australia.
  • In April 2024, the Australian government introduced the 'Future Made in Australia Act,' mirroring the US Inflation Reduction Act (IRA). This initiative aims to leverage the global shift toward renewable energy and harness Australia's abundant clean energy resources. By fostering local industries in renewable hydrogen, solar power, battery energy storage, green metals, and other emerging technologies, the Act is poised to catalyze a new era of advanced manufacturing in Australia.

Australia Switchgear Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitute Products
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of the Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Mining Activity and Strong Commodity Exports
    • 5.1.2 Rise in Renewable Energy Spending
  • 5.2 Market Challenges
    • 5.2.1 Stringent Environmental and Safety Regulations

6. MARKET SEGMENTATION

  • 6.1 By Voltage Class
    • 6.1.1 High Voltage
    • 6.1.2 Medium Voltage
  • 6.2 By End User
    • 6.2.1 Utilities
    • 6.2.2 Residential and Commercial
    • 6.2.3 Industrial

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 ABB Ltd
    • 7.1.2 Schneider Electric SE
    • 7.1.3 Siemens AG
    • 7.1.4 Tamco Switchgear Malaysia SDN BHD
    • 7.1.5 Eaton Corporation PLC
    • 7.1.6 Terasaki Electric Co.
    • 7.1.7 RPS Switchgear Limited
    • 7.1.8 Switchgear Company NV
    • 7.1.9 Mitsubishi Electric Corporation
    • 7.1.10 Toshiba International Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK AND OPPORTUNITIES OF THE MARKET

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Australia Switchgear Industry Segmentation

A switchgear, integral for power system protection, regulates, switches, and controls electrical circuits. Its components include circuit breakers, isolators, relays, switches, fuses, and control panels. Switchgear plays a crucial role in de-energizing equipment for testing, maintenance, and fault clearance.

The Australian switchgear market is segmented by voltage class (high voltage, medium voltage, and low voltage) and end user (utilities, residential and commercial, and industrial). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Voltage Class High Voltage
Medium Voltage
By End User Utilities
Residential and Commercial
Industrial
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Australia Switchgear Market Research FAQs

How big is the Australia Switchgear Market?

The Australia Switchgear Market size is expected to reach USD 1.52 billion in 2025 and grow at a CAGR of 5.70% to reach USD 2.01 billion by 2030.

What is the current Australia Switchgear Market size?

In 2025, the Australia Switchgear Market size is expected to reach USD 1.52 billion.

Who are the key players in Australia Switchgear Market?

ABB Ltd., Schneider Electric SE, Siemens AG, Tamco Switchgear Malaysia SDN BHD and Eaton Corporation PLC are the major companies operating in the Australia Switchgear Market.

What years does this Australia Switchgear Market cover, and what was the market size in 2024?

In 2024, the Australia Switchgear Market size was estimated at USD 1.43 billion. The report covers the Australia Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Australia Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Australia Switchgear Industry Report

Statistics for the 2025 Australia Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Switchgear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.