How big is the Australia Switchgear Market?

The Australia Switchgear Market size is expected to reach USD 1.44 billion in 2024 and grow at a CAGR of 5.70% to reach USD 1.9 billion by 2029. Read More

What is the current Australia Switchgear Market size?

In 2024, the Australia Switchgear Market size is expected to reach USD 1.44 billion. Read More

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. Read More

What years does this Australia Switchgear Market cover, and what was the market size in 2023?

In 2023, the Australia Switchgear Market size was estimated at USD 1.36 billion. The report covers the Australia Switchgear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Switchgear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Australia Switchgear Market Share

Statistics for the 2023 & 2024 Australia Switchgear market share, created by Mordor Intelligence™ Industry Reports. Australia Switchgear share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Australia Switchgear Industry

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.