Australia Power Cable Accessories Market

Australia Power Cable Accessories Market Size and Share:

The Australia power cable accessories Market size reached USD 425.60 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 821.70 Million by 2033, exhibiting a growth rate (CAGR) of 6.80% during 2025-2033. The market is driven by the rapid shift to renewable energy requires modern accessories for efficient grid integration and resilience. Urbanization and the rise of underground infrastructure in cities demand durable, weather-resistant joints and connectors. Simultaneously, national infrastructure upgrades and the growth of electric vehicle (EVs) charging networks are increasing the need for high-performance, safe, and long-lasting cable components. These trends collectively push innovation and investment across the cable accessory supply chain thus strengthening the Australia power cable accessories market share.

Australia Power Cable Accessories Market Trends:

Renewable Energy Growth and Grid Modernization

As of February 2025, renewable energy contributed approximately 44% of electricity in Australia’s National Electricity Market, with over 49 GW of new solar, wind, and battery projects in the connection pipeline. This rising shift from centralized fossil-fuel power to decentralized renewable sources is reshaping how electricity networks are designed and maintained. Integrating variable and distributed energy sources requires a new generation of power cable accessories flexible terminations, durable joints, and advanced connectors to manage fluctuating loads and ensure reliability. Simultaneously, efforts to modernize aging grid infrastructure are increasing demand for smart, efficient, and automation-ready components. Enhanced safety, quicker installation, and long-term durability are now core product requirements. As the grid evolves into a more responsive, intelligent system, accessories that support real-time monitoring, fault detection, and efficient energy transfer are becoming essential to enabling Australia’s cleaner, smarter, and more resilient energy future.

Urbanization and Rise of Underground Cabling

Another significant Australia power cable accessories market trend is the urban centers continue to grow, so does the complexity of their electrical infrastructure. To address space limitations and improve safety, underground cabling has become increasingly prevalent in metropolitan areas. This shift drives the need for durable, weather-resistant cable accessories capable of withstanding challenging underground conditions. With more residential, commercial, and data infrastructure being built in dense environments, high-quality joints, connectors, and terminations are essential to maintain system integrity and minimize disruptions. Fire-resistance, ease of installation, and long-term performance are critical features in these environments. Underground systems also offer greater protection against natural events, which has pushed utilities and developers to invest in reliable and low-maintenance cable accessories. As cities continue expanding vertically and horizontally, the demand for accessories that can meet the challenges of underground and enclosed installations is expected to grow steadily.

Infrastructure Expansion and EV Charging Networks

As of mid-2024, Australia’s high-power public EV charging infrastructure surged nearly 90%, with 1,059 locations and 1,849 fast chargers now operational. This rapid expansion, driven by both public and private investment, is a key part of the country’s broader infrastructure transformation. The growth of EV charging hubs demands high-performance cable accessories that can safely handle increased energy loads, resist environmental wear, and meet strict safety standards. Simultaneously, upgrades to existing electrical systems—including regional grid enhancements and smart grid development—are creating additional demand for durable, adaptable cable accessories. These components not only ensure reliable power delivery but also enable efficient management and monitoring of electrical flow. Together, these trends push the market toward innovative, long-lasting cable solutions essential for supporting Australia power cable accessories market growth and impelling the transition to cleaner, smarter transportation and power networks.

Australia Power Cable Accessories Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product type, voltage range, and end use industry.

Product Type Insights:

• Cable Connectors
• Cable Terminations
• Cable Joints
• Insulating Materials

The report has provided a detailed breakup and analysis of the market based on the product type. This includes cable connectors, cable terminations, cable joints, and insulating materials.

Voltage Range Insights:

• Low Voltage
• Medium Voltage
• High Voltage

A detailed breakup and analysis of the market based on the voltage range have also been provided in the report. This includes low voltage, medium voltage, and high voltage.

End Use Industry Insights:

• Power Generation
• Transmission and Distribution
• Oil and Gas
• Mining
• Renewable Energy
• Construction
• Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes power generation, transmission and distribution, oil and gas, mining, renewable energy, construction, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Power Cable Accessories Market News:

• In March 2025, Omnidian acquired Brisbane-based Solar Service Guys, one of Australia’s top solar system service providers. This move strengthens Omnidian’s presence in Australia’s leading solar market and expands its service offerings. Combining Solar Service Guys’ local expertise with Omnidian’s AI-driven analytics will enhance renewable energy asset management across residential, commercial, and utility sectors. The partnership aims to improve customer support, drive innovation, and accelerate growth in the Australian solar industry.
• In February 2025, Vast Renewables completed large-scale testing of its patented concentrated solar thermal power (CSP) receiver tower, marking a key milestone. Designed and manufactured in Queensland, the technology will be deployed at the Port Augusta Green Energy Hub in South Australia. With 8 hours of storage and efficient, reliable clean energy on demand, Vast’s modular design aims to deliver low-cost, dispatchable power—supporting Australia’s transition to a greener, more reliable energy future.

Australia Power Cable Accessories Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia power cable accessories market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia power cable accessories market on the basis of product type?
• What is the breakup of the Australia power cable accessories market on the basis of voltage range?
• What is the breakup of the Australia power cable accessories market on the basis of end use industry?
• What is the breakup of the Australia power cable accessories market on the basis of region?
• What are the various stages in the value chain of the Australia power cable accessories market? 
• What are the key driving factors and challenges in the Australia power cable accessories market?
• What is the structure of the Australia power cable accessories market and who are the key players?
• What is the degree of competition in the Australia power cable accessories market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia power cable accessories market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia power cable accessories market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia power cable accessories industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.