The market research report on global Electrical House (E-House) market published recently by Market Research Future (MRFR) highlights the fact that the market will grow at 7% CAGR and will reach a market valuation of USD 2 Bn. The accelerating power requirements by multiple industries across the globe is fueling the growth of the market.
The factors responsible for the growth of the market are flexibility, cost-effectiveness, easy installation, etc. The growing number of applications of e-house is due to its varied components such as monitoring and control systems, frequency drives, etc. which can be used for multiple purposes. The expanding industrial sector is one of the key drivers of the E-House Market which is fueling the demand. E-House helps to reduce both capital and operational expenditures. It saves time and is a one-stop solution for industries. Therefore, its demand will be magnifying during the assessment period.
The major drivers of the market growth are catapulted demand from oil & gas industries, establishment of smart power grids and renewable energy plants, etc.
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Some of the key players in the global E-house market are Siemens AG (Germany), ABB (Switzerland), Schneider Electric SE (France), Eaton Corporation (Ireland), General Electric (U.S.), CG Power (India), Meidensha (Japan), Electroinnova (Spain), WEG (Brazil), TGOOD (Hong Kong), Powell Industries (U.S.). Elgin Power Solutions (U.S.), Meidensha (Japan), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), Delta Star (U.S.), Zest WEG Group (south Africa), and Electroinnova Instalaciones y Mantenimientos S.L (Austria) are also some of them.
Global E-House Market Segmentation:
- By type, the market is segmented into skid mounted, and, mobile. Mobile electrical houses are extensively used by industries for remote location operations where it can supply power with ease.
- By component, the segment has been segmented into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems, and, others.
- By voltage, the market has been segmented into low voltage, and, medium voltage.
- By application, the market has been segmented into oil and gas, Industrial, mining, transportation, and, power utilities
By region, the market has been segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). The Rest of the World (RoW) region includes Middle East & Africa which accounts for the most significant share in the global market. The market in this region will exhibit persistent growth throughout the forecast period owing to factors such as increased demand from mining, oil, gas, and metal industries, swift electrification, etc. According to statistics published in a report of power requirements, it has been highlighted that Dubai alone consumes 37,000-gigawatt hours of electricity per annum.
The North America market holds the second spot among the regional markets in terms of market share and control. The growth of the market can be attributed to increasing power usage in metal extraction, data centers and other applications, rising investments in mobile power solutions, etc. The market in Europe will also exhibit moderate growth owing to amplified power requirements by booming industrial sector. Asia Pacific market will witness a rise in adoption of mobile power solutions, and, demonstrate slow growth rate.
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- Component Suppliers
- Investors and Venture Capital Firms
- Integrated Device Manufacturers (IDMs)
- System Integrators
- Electric Hardware Equipment Manufacturers
- Assembly and Packaging Vendors
- Companies Working in the Electric Utilities Sector
- Analysts and Strategic Business Planners
- End-user Industries
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