The global E-house market is presumed to register 7 % CAGR during the assessment period (2017-2023) owing to the increasing demand from the oil and gas industry, asserts Market Research Future (MRFR). Also referred to Electrical House, E-House provides electrical power whenever required. It is a compact power station which can be moved from one place to another. It is equipped with components such as frequency drivers, monitoring and control systems, and others.
Drivers and Constraints Impacting the Market
With the increasing demand from oil and gas industry, commercial buildings, and mineral extractions, the global e-house market is presumed to foster. The establishment of renewable energy plants and smart power grids are also likely to fuel the market growth during the review period. Flexibility, easy installation, and are some of the major factors contributing to the growth of the market. Applications of e-houses are increasing owing to its varied components like frequency drivers, control and monitoring systems which can be used for multiple purposes. E-houses reduce both operational costs and capital and is a one-stop solution for industries. Such factors are further triggering the demand for e-houses across the globe.
On the flip side, high maintenance cost coupled with lack of technical expertise is some of the major factors likely to retard the market growth in the coming years.
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E-house Enterprise Holdings has planned to list in the city with a proposed valuation of US$3.1 billion to US$3.5 billion. The company has the support of several heavy weights, comprising e-commerce giant Alibaba and 26 Chinese property developers like Evergrande, Vanke, and Country Garden.
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: Segmental Analysis
The global e-house market has been segmented on the basis of type, component, voltage, application, and region.
- By mode of type, the global e-house market has been segmented has been segmented into mobile and skid mounted.
- By mode of component, the global e-house market has been segmented has been segmented into HVAC systems, switchgear, bus bar, frequency drives, transformer, monitoring and control systems, and others.
- By mode of voltage, the global e-house market has been segmented has been segmented into low and medium voltage.
- By mode of application, the global e-house market has been segmented has been segmented into oil and gas, power utilities, mining, industrial, and transportation. Among these, the power utilities segment is likely to expand at a higher AGR during the review period. E-houses are used both in industrial and utilities applications for varied benefits. Rapid expansion of transmission capacity, planned maintenance, and disaster response are some cases where e-house have proven outcome for utilities application.
Geographically, the E-house market span across regions namely, Asia Pacific, North America, Europe, and Middle East and Africa.
Among all the regions, the Middle East and Africa holds the maximum market share and is likely to maintain its dominance over the forecast period. The growth in this region is attributed to the growing demand from the mining and metal industry. Swift electrification in this region is also boosting the market growth.
North America is presumed to hold the second largest share in the global market owing to the rising power usage in data centers, metal extraction, and other applications. Also, with growing investment in mobile power solutions, the market is likely to expand.
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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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