Australia Switchgear Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Australian switchgear market is expected to grow at a CAGR of 5.7% over the forecast period. Increasing electricity generation and consumption, along with the changing power generation industry dynamics, are expected to be the major drivers for the transmission and distribution of power, which is expected to drive the switchgear market in Australia during the forecast period.
Key HighlightsThe 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, among others.
In June 2022, Schneider Electric expanded its SF-6-free green and digital MV switchgear portfolio with GM AirSeT. The new GM AirSeT is the green and digital primary GIS technology for electrical networks and demanding applications in industrial buildings and critical infrastructure.
In June 2022, Schneider Electric introduced the PrismaSeT switchboard as a complete system-level architecture in Australia, adding to the EcoStruxure power story. The sheet metal for the next generation PrismaSeT is made in Australia, ensuring exceptional craftsmanship quality and contributing to the growth of the local industry. The PrismaSeT sets a high bar for switchgear innovation aimed at making installations more reliable.
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