New Zealand Switchgear Market (2025-2031) | Outlook, Trends, Forecast, Growth, Industry, Share, Value, Size, Revenue, Analysis & Companies
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape.
| Product Code: ETC001688 | Publication Date: Dec 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
New Zealand Switchgear Market Growth Rate
According to 6Wresearch internal database and industry insights, the New Zealand Switchgear Market is estimated to expand at a compound annual growth rate (CAGR) of 7.1% during the forecast period 2025–2031.
New Zealand Switchgear Market Highlights
| Report Name | New Zealand Switchgear Market |
| Forecast period | 2025-2031 |
| CAGR | 7.1% |
| Growing Sector | Power Utilities & Industrial Sector |
Topics Covered in the New Zealand Switchgear Market Report
The New Zealand Switchgear Market report thoroughly covers the market by voltage, insulation type, and applications. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, helping stakeholders devise and align their market strategies according to current and future market dynamics.
New Zealand Switchgear Market Synopsis
The New Zealand Switchgear Market is progressing steadily, witnessing consistent growth over the last few years. The country’s increasing reliance on wind and solar power requires reliable switchgear solutions across transmission and distribution networks. Moreover, government initiatives targeting carbon neutrality by 2050 are accelerating the adoption of energy-efficient switchgear technologies. Rapid expansion in commercial real estate, industrial hubs, and residential developments is also driving consistent demand for switchgear in medium- and low-voltage categories.
Evaluation of Growth Drivers in the New Zealand Switchgear Market
Below are some major drivers and their impacts on the market dynamics:
| Drivers | Primary Segments Affected | Why it matters (evidence) |
| Renewable Energy Expansion | Medium & High Voltage Switchgear | In regions like Canterbury and Waikato, Wind and solar farms demand modern switchgear for reliable grid integration. |
| Smart Grid Deployment | Medium Voltage Switchgear | The utilities sector of New Zealand is modernizing the transmission systems, driving demand for advanced gas-insulated and digital switchgear. |
| Urbanization & Real Estate Growth | Low Voltage Switchgear | Residential and commercial construction are developing due to which increases demand for MCBs, MCCBs, and ACBs in safety and load management. |
| Industrial Electrification | Medium Voltage Switchgear | Industrial clusters in Auckland and Wellington increasingly adopt reliable switchgear to maintain uninterrupted operations. |
| Government Energy Efficiency Standards | Low & Medium Voltage Switchgear | Policies promoting the sustainability accelerate adoption of high-efficiency switchgear solutions across utilities and households. |
New Zealand Switchgear Market Size is anticipated to expand steadily at a CAGR of 7.1% during the forecast period 2025-2031. There are numbers of the factors present in the market such as renewable integration, smart grid investments, and increasing industrial electrification. Apart from this, infrastructure upgrades in water treatment, data centres, and transportation networks. One of the main drivers of the switchgear market in New Zealand is the government's push towards the renewable energy, with a goal to generate 100% renewable electricity by 2035.
Evaluation of Restraints in the New Zealand Switchgear Market
Below mentioned some major restraints and their influence on the market dynamics:
| Restraints | Primary Segments Affected | What this means (evidence) |
| High Initial Investment | Medium & High Voltage Switchgear | The high cost of advanced GIS and AIS systems discourages adoption among smaller utilities and industries. |
| Import Dependency | All Segments | There is major reliance on imported switchgear from Europe and Asia raises costs and creates supply risks. |
| Market Fragmentation | Low Voltage Switchgear | Numerous local distributors of low-quality switchgear limit growth of premium brands. |
| Regulatory Delays | Power Utilities | Continuous lengthy approval processes for energy projects delays the switchgear installations in renewable sectors. |
| Shortage of Skilled Workforce | High-Tech Insulated Switchgear | Integration of smart/digital switchgear requires advanced technical expertise that remains scarce in local markets. |
New Zealand Switchgear Market Challenges
Despite its growth potential, the New Zealand Switchgear Market faces several obstacles that could hinder future progress. These include supply chain vulnerabilities, import cost fluctuations, and a lack of large-scale local manufacturing units. Additionally, the inconsistent pace of renewable energy project execution and delayed infrastructure approvals create hurdles in the supply chain process. Another major challenge is the slow penetration of digital switchgear in cost-sensitive projects, which limits modernization compared to global peers.
New Zealand Switchgear Market Trends
Several prominent trends are reshaping the New Zealand Switchgear Market growth:
- Adoption of Digital Switchgear: Utilities are integrating IoT-enabled switchgear for predictive analytics and automated fault detection.
- Renewable Integration Push: Wind and solar farm expansions drive demand for medium- and high-voltage GIS and AIS solutions.
- Compact Low-Voltage Switchgear: Urban housing projects are increasingly adopting compact MCCBs and MCBs to optimize space and safety.
- Hybrid Insulation Technologies: New Zealand is gradually deploying hybrid air-gas insulated systems to balance cost and efficiency.
- Sustainable Manufacturing Shift: The demand for eco-friendly insulation gases is peaking, creating a niche for suppliers offering green switchgear.
Investment Opportunities in the New Zealand Switchgear Industry
Some lucrative opportunities exist in the New Zealand Switchgear Industry:
- Localized Assembly Units: Launching local assembly plants for medium-voltage switchgear reduces import reliance and costs.
- Smart Switchgear Solutions: IoT-based monitoring systems offer strong opportunities in utilities and commercial complexes.
- Renewable Grid Integration: Supplying high-voltage GIS for wind and solar projects ensures long-term growth.
- Expansion of Low-Voltage: The rise in urban housing creates strong demand for compact, modular, and affordable MCBs/MCCBs.
- Eco-Friendly Switchgear: Manufacturers developing SF6-free switchgear gain an early-mover advantage in sustainability-driven projects.
Top 5 Leading Players in the New Zealand Switchgear Market
There is a comprehensive list of top companies in the market which include:
1. Schneider Electric
| Company Name | Schneider Electric |
|---|---|
| Established Year | 1836 |
| Headquarters | Rueil-Malmaison, France |
| Official Website | Click Here |
This company offers a wide portfolio of low- and medium-voltage switchgear, focusing on digital solutions and sustainable technologies across various sectors.
2. ABB Ltd.
| Company Name | ABB Ltd. |
|---|---|
| Established Year | 1988 |
| Headquarters | Zurich, Switzerland |
| Official Website | Click Here |
ABB specializes in high-voltage GIS and digital switchgear, offering advanced grid solutions for utilities and renewable energy projects.
3. Siemens AG
| Company Name | Siemens AG |
|---|---|
| Established Year | 1847 |
| Headquarters | Munich, Germany (subsidiary in New Zealand) |
| Official Website | Click Here |
Siemens provides medium- and high-voltage switchgear with strong focus on grid automation, renewable integration, and smart city applications.
4. Eaton Corporation
| Company Name | Eaton Corporation |
|---|---|
| Established Year | 1911 |
| Headquarters | Dublin, Ireland |
| Official Website | Click Here |
Eaton delivers comprehensive low-voltage switchgear solutions, including MCCBs, MCBs, and ACBs, primarily targeting commercial and industrial customers.
5. General Electric (GE) Grid Solutions
| Company Name | General Electric (GE) Grid Solutions |
|---|---|
| Established Year | 1892 |
| Headquarters | Boston, USA (regional presence in Oceania) |
| Official Website | Click Here |
GE provides high-voltage AIS and GIS equipment, focusing on large-scale utility and renewable energy transmission projects in New Zealand.
Government Regulations Introduced in the New Zealand Switchgear Market
According to New Zealand Government Data, to implement mandatory energy-efficiency and safety standards for switchgear, the government has enforced several regulations in the New Zealand Switchgear Market that align with international IEC norms. One of the key policies introduced is the New Zealand Emissions Trading Scheme (NZETS), which provides a dynamic, market-based approach to reducing greenhouse gas emissions by placing a price on carbon. Additionally, the Electricity Authority promotes smart grid adoption, while policies targeting carbon neutrality by 2050 encourage the integration of sustainable switchgear technologies. Further, safety codes for residential and commercial construction now require certified switchgear installations.
Future Insights of the New Zealand Switchgear Market
The New Zealand Switchgear Market is predicted to gain strong momentum in the coming years due to increasing renewable integration, digitalization, and smart grid developments. As industries and utilities move toward sustainability, SF6-free switchgear and IoT-enabled solutions will gain traction. Furthermore, expanding urban infrastructure projects and rising housing demand will continue to boost the low-voltage switchgear segment.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Medium Voltage Switchgear to Dominate the Market - By Voltage
According to Suryakant, Senior Research Analyst, 6Wresearch, medium voltage switchgear is expected to lead the market due to its extensive usage in power utilities, industrial plants, and renewable energy projects, as the focus increasingly shifts toward smart grid adoption. Medium voltage switchgear has become the most demanded segment due to its compact size, efficiency, and reliability in both urban and renewable integration applications.
Gas Insulated Switchgear (GIS) to Dominate the Market - By Insulation
Gas Insulated Switchgear (GIS) is projected to dominate the market in both medium and high-voltage categories due to its compactness, reliability, and suitability for urban applications and renewable energy projects. GIS offers a more durable and smaller solution compared to air-insulated systems, which remain popular in rural and cost-sensitive regions due to lower upfront costs.
Power Utilities to Dominate the Market - By Applications
Power utilities are set to hold the largest share in the New Zealand Switchgear Market due to transmission and distribution upgrades and renewable energy integration. With the focus on modernizing energy infrastructure, power utilities remain the key driver of switchgear demand. Industrial applications follow closely, while residential and commercial sectors continue to show steady demand for low-voltage products.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2021 to 2024.
- Base Year: 2024.
- Forecast Data until 2031.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- New Zealand Switchgear Market Overview
- New Zealand Switchgear Market Outlook
- New Zealand Switchgear Market Forecast
- Historical Data of New Zealand Switchgear Market Revenues & Volume for the Period 2021-2031
- New Zealand Switchgear Market Size and New Zealand Switchgear Market Forecast of Revenues & Volume, Until 2031
- Historical Data of New Zealand Switchgear Market Revenues & Volume, By Voltage, for the Period 2021-2031
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, By Voltage, Until 2031
- Historical Data of New Zealand Switchgear Market Revenues & Volume, By Insulation, for the Period 2021-2031
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, By Insulation, Until 2031
- Historical Data of New Zealand Switchgear Market Revenues & Volume, By Applications, for the Period 2021-2031
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, By Applications, Until 2031
- Market Drivers and Restraints
- New Zealand Switchgear Market Price Trends
- New Zealand Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- New Zealand Switchgear Market Share, By Players
- New Zealand Switchgear Market Share, By Regions
- New Zealand Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Voltage
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
By Insulation
Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
High Voltage Switchgear
- Air Insulated
- Gas Insulated
Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
By Applications
- Residential
- Commercial
- Industrial
- Power Utilities
New Zealand Switchgear Market (2025-2031): FAQs
New Zealand Switchgear Market is projected to grow at a CAGR of 7.1% from 2025 to 2031.
Carbon neutrality by 2050, renewable energy integration, and smart grid deployments are driving the demand for modern, energy-efficient switchgear.
The future outlook is expected to grow steadily with expanding renewable energy projects, smart grid advancements, and industrial electrification.
Power utilities dominate the market due to transmission and distribution upgrades and the growing need for renewable energy integration.
6Wresearch actively monitors the New Zealand Switchgear Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the New Zealand Switchgear Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. New Zealand Switchgear Market Overview |
| 3.1 New Zealand Country Indicators |
| 3.2 New Zealand Switchgear Market Revenues & Volume 2021-2031F |
| 3.3 New Zealand Switchgear Market Revenue Share, By Voltage, 2021&2031F |
| 3.4 New Zealand Switchgear Market Revenue Share, By Insulation, 2021&2031F |
| 3.5 New Zealand Switchgear Market Revenue Share, By Application, 2021&2031F |
| 3.6 New Zealand Switchgear Market - Industry Life Cycle |
| 3.7 New Zealand Switchgear Market - Porter’s Five Forces |
| 4. New Zealand Switchgear Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing demand for renewable energy sources in New Zealand |
| 4.2.2 Growing focus on grid modernization and infrastructure development |
| 4.2.3 Government initiatives to promote energy efficiency and sustainability |
| 4.3 Market Restraints |
| 4.3.1 High initial investment costs associated with switchgear installations |
| 4.3.2 Slowdown in the construction industry affecting new installations |
| 4.3.3 Increasing competition from alternative technologies like solid-state switchgear |
| 5. New Zealand Switchgear Market Trends |
| 6. New Zealand Switchgear Market Overview, By Voltage |
| 6.1 New Zealand Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2021-2031F |
| 6.2 New Zealand Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2021-2031F |
| 6.3 New Zealand Switchgear Market Revenues & Volume, By High Voltage Switchgear 2021-2031F |
| 7. New Zealand Switchgear Market Overview, By Insulation |
| 7.1 New Zealand Switchgear Market Revenues, By Medium Voltage Switchgear, 2021-2031F |
| 7.2 New Zealand Switchgear Market Revenues, By High Voltage Switchgear, 2021-2031F |
| 7.3 New Zealand Switchgear Market Revenues, By Low Voltage Switchgear, 2021-2031F |
| 8. New Zealand Switchgear Market Overview, By Application |
| 8.1 New Zealand Switchgear Market Revenues & Volume, By Residential, 2021-2031F |
| 8.2 New Zealand Switchgear Market Revenues & Volume, By Commercial, 2021-2031F |
| 8.3 New Zealand Switchgear Market Revenues & Volume, By Industrial, 2021-2031F |
| 8.4 New Zealand Switchgear Market Revenues & Volume, By Power Utilities, 2021-2031F |
| 9. New Zealand Switchgear Market - Key Performance Indicators |
| 9.1 Percentage of renewable energy sources in New Zealand's total energy mix |
| 9.2 Number of grid modernization projects initiated in the country |
| 9.3 Energy consumption patterns and peak demand trends in major industries |
| 10. New Zealand Switchgear Market - Opportunity Assessment |
| 10.1 New Zealand Switchgear Market Opportunity Assessment, By Voltage 2031F |
| 10.2 New Zealand Switchgear Market Opportunity Assessment, By Insulation 2031F |
| 10.3 New Zealand Switchgear Market Opportunity Assessment, By Application, 2031F |
| 11. New Zealand Switchgear Market Competitive Landscape |
| 11.1 New Zealand Switchgear Market Revenue Share, By Company, 2024 |
| 11.2 New Zealand Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
| 12. Company Profiles |
| 13. Key Recommendations |
| 14. Disclaimer |
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), By Types (Low Voltage, Medium Voltage), By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape
| Product Code: ETC001688 | Publication Date: Mar 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
New Zealand Switchgear Market Synopsis
The exponential growth of the construction industry and surge in investment in industrial and commercial projects has driven the demand for uninterrupted power supply in the country leading to the growth of the switchgear market in New Zealand. In 2019, the last quarter construction industry registered a growth of over 9% leading to further growth in market revenues.
According to 6Wresearch, the New Zealand Switchgear Market size is anticipated to register growth during 2020-2026. Growing government investment for the expansion of electricity supply in the country along with setting up new power plants would lead to a surge in demand for the switchgear market over the forecast period. For instance, Todd Corporation was given a contract worth $100 million to build a natural gas-fired electricity plant in Taranaki, by mid-2020, which would supply power to more than 70,000 residential units in the country and would positively influence the market growth during the forecast period.
Moreover, the construction of several new commercial and non-commercial projects in the country, all of which have switchgear as a prominent component of their electrical infrastructure would lead to an upsurge in the switchgear market revenues over the coming years. Based on applications, power utility applications acquired a majority of the market revenue share, owing to a considerable amount of investment in the renewable sector. Moreover, the grid strengthening and interconnection of regions that involve the establishment of substations in the country are likely to fuel the demand for switchgear during the forecast period.
The New Zealand Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The New Zealand Switchgear market outlook provides an unbiased and detailed analysis of the ongoing New Zealand Switchgear 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.
The New Zealand switchgear market is projected to witness progressive growth in the upcoming six years backed by the rise in the power utility sector. Additionally, the growth and development of the commercial sector in the country gives a spur for the installation of switchgear has led to regular supply and ensures an uninterpretable working process, especially in the corporate sector. Further, the rising sub-urban population tends to require high power consumption domestically as a basic facility in order to perform essential household functions which are expected to spur the potential growth of the New Zealand switchgear market in the upcoming six years.
Key Highlights of the Report:
- New Zealand Switchgear Market Overview
- New Zealand Switchgear Market Outlook
- New Zealand Switchgear Market Forecast
- Historical Data of New Zealand Switchgear Market Revenues & Volume for the Period 2016-2019
- New Zealand Switchgear Market Size and New Zealand Switchgear Market Forecast of Revenues & Volume, Until 2026
- Historical Data of New Zealand Switchgear Market Revenues & Volume, by Types, for the Period 2016-2019
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, by Types, Until 2026
- Historical Data of New Zealand Switchgear Market Revenues & Volume, by Voltage types, for the Period 2016-2019
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, by Voltage types, Until 2026
- Historical Data of New Zealand Switchgear Market Revenues & Volume, By Applications, for the Period 2016-2019
- Market Size & Forecast of New Zealand Switchgear Market Revenues & Volume, By Applications, Until 2026
- Market Drivers and Restraints
- New Zealand Switchgear Market Price Trends
- New Zealand Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- New Zealand Switchgear Market Share, By Players
- New Zealand Switchgear Market Share, By Regions
- New Zealand Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The New Zealand Switchgear Market report provides a detailed analysis of the following market segments:
-
By Voltage:
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
-
By Insulation:
- Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- High Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- Medium Voltage Switchgear
-
By Types:
- Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
- Medium Voltage Switchgear
- Indoor Switchgear (ISG)
- Outdoor Switchgear (OSG)
- Others
- Low Voltage Switchgear
-
By Applications:
- Residential
- Commercial
- Industrial
- Power Utilities
- Other
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