Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape
Product Code: ETC431431 | Publication Date: Oct 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Australia Circuit Breaker market currently, in 2023, has witnessed an HHI of 2297, Which has increased slightly as compared to the HHI of 1347 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by Italy. It has registered a growth of 26.97% over the previous year. While Italy registered a growth of 4.72% as compared to the previous year. In the year 2017, China was the largest exporter followed by Hungary. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1177 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index ofย 1841 which signifies moderately concentrated in the market.
Australia Circuit Breaker Market reportย thoroughly covers the market by insulation type, by voltage, by installation, and by end-user. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Circuit Breaker Market is in a state of rapid evolution, driven by increasing demand for efficient and reliable electrical systems across residential, commercial, and industrial sectors. In general, circuit breakers are vital pieces of equipment that will automatically cut off the electricity flow in the event of an overload or short circuit. The growth of Australia Circuit Breaker Industry has been fuelled by investment into new infrastructure projects, developing construction activities, and government-backed energy efficiency schemes.
According to 6Wresearch, the Australia Circuit Breaker Market size is anticipated to register immense growth during 2023-2029. With the country's population growth and urbanization, the market is witnessing tremendous growth over the years. Additionally, investments directed towards power generation are further adding to the growing trend, while technological advancements such as digital circuit breakers are bringing increased safety features and improved efficiency. Moreover, the government plans favoring renewable energy sources are also contributing to the Australia Circuit Breaker Market Growth. Furthermore, the widespread adoption of electric vehicles (EVs) across Australia is creating lucrative opportunities for market players. However, the increasing competition among key players may result in pricing pressures and lower profit margins. Additionally, strict government regulations for circuit breaker manufacturing can also hinder market growth. Nevertheless, there are several opportunities for companies operating in this industry such as the shift towards renewable energy sources, and advancements in technology have paved the way for new innovations within the circuit breaker industry.
The COVID-19 pandemic has caused major disruption in the Australia circuit breaker market size, with lockdowns and social distancing measures disrupting supply chains and labor shortages, affecting the demand for circuit breakers. With restrictions easing and a surge in renewable energy sources such as solar power, there has been a gradual stimulation of market growth. Electricity consumption from residential areas has also increased due to remote working arrangements that may continue even after the crisis ends.
The Australia circuit breaker market is highly competitive with the presence of several regional and international players. For instance;
By Insulation Type, the Vacuum Circuit Breaker segment is anticipated to grow at the fastest growth rate during the forecast period due to its advantages over low-maintenance and high-reliability insulation types.
By Voltage, the High Voltage segment is forecast to dominate the Australia Circuit Breaker Market share during the forecast period due to the surging demand for high-voltage circuit breakers in power transmission.
According to Dhaval, Research Manager, 6Wresearch, the Outdoor segment is expected to gain traction during the forecast period primarily due to the growing adoption of outdoor circuit breakers in utility applications.
In terms of end users, the T&D Utilities segment is likely to hold the largest share of the market due to the increasing demand for efficient power transmission and distribution networks in Australia.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Circuit Breaker Market Overview |
3.1 Australia Circuit Breaker Market Revenues & Volume, 2019 - 2029F |
3.2 Australia Circuit Breaker Market - Industry Life Cycle |
3.3 Australia Circuit Breaker Market - Porter's Five Forces |
3.4 Australia Circuit Breaker Market Revenues & Volume Share, By Insulation Type, 2022 & 2029F |
3.5 Australia Circuit Breaker Market Revenues & Volume Share, By Voltage, 2022 & 2029F |
3.6 Australia Circuit Breaker Market Revenues & Volume Share, By Installation, 2022 & 2029F |
3.7 Australia Circuit Breaker Market Revenues & Volume Share, By End User, 2022 & 2029F |
4 Australia Circuit Breaker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Circuit Breaker Market Trends |
6 Australia Circuit Breaker Market Segmentation |
6.1 Australia Circuit Breaker Market, By Insulation Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Circuit Breaker Market Revenues & Volume, By Insulation Type, 2019 - 2029F |
6.1.3 Australia Circuit Breaker Market Revenues & Volume, By Vacuum Circuit Breaker, 2019 - 2029F |
6.1.4 Australia Circuit Breaker Market Revenues & Volume, By Air Circuit Breaker, 2019 - 2029F |
6.1.5 Australia Circuit Breaker Market Revenues & Volume, By Gas Circuit Breaker, 2019 - 2029F |
6.1.6 Australia Circuit Breaker Market Revenues & Volume, By Oilย Circuit Breaker, 2019 - 2029F |
6.2 Australia Circuit Breaker Market, By Voltage |
6.2.1 Overview and Analysis |
6.2.2 Australia Circuit Breaker Market Revenues & Volume, By Medium Voltage, 2019 - 2029F |
6.2.3 Australia Circuit Breaker Market Revenues & Volume, By High Voltage, 2019 - 2029F |
6.3 Australia Circuit Breaker Market, By Installation |
6.3.1 Overview and Analysis |
6.3.2 Australia Circuit Breaker Market Revenues & Volume, By Indoor, 2019 - 2029F |
6.3.3 Australia Circuit Breaker Market Revenues & Volume, By Outdoor, 2019 - 2029F |
6.4 Australia Circuit Breaker Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Australia Circuit Breaker Market Revenues & Volume, By T&D Utilities, 2019 - 2029F |
6.4.3 Australia Circuit Breaker Market Revenues & Volume, By Power Generation, 2019 - 2029F |
6.4.4 Australia Circuit Breaker Market Revenues & Volume, By Renewables, 2019 - 2029F |
6.4.5 Australia Circuit Breaker Market Revenues & Volume, By Railways, 2019 - 2029F |
7 Australia Circuit Breaker Market Import-Export Trade Statistics |
7.1 Australia Circuit Breaker Market Export to Major Countries |
7.2 Australia Circuit Breaker Market Imports from Major Countries |
8 Australia Circuit Breaker Market Key Performance Indicators |
9 Australia Circuit Breaker Market - Opportunity Assessment |
9.1 Australia Circuit Breaker Market Opportunity Assessment, By Insulation Type, 2022 & 2029F |
9.2 Australia Circuit Breaker Market Opportunity Assessment, By Voltage, 2022 & 2029F |
9.3 Australia Circuit Breaker Market Opportunity Assessment, By Installation, 2022 & 2029F |
9.4 Australia Circuit Breaker Market Opportunity Assessment, By End User, 2022 & 2029F |
10 Australia Circuit Breaker Market - Competitive Landscape |
10.1 Australia Circuit Breaker Market Revenue Share, By Companies, 2022 |
10.2 Australia Circuit Breaker Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |