Market Research Future published a research report on “E-House Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global E-House Market – Overview
The global E-house market is growing rapidly. The market growth attributes to the increasing demand from industries such as O&G, mineral extractions, and others. Besides, rising commercial buildings and power utility infrastructures drive the growth of the market. Also, rapid industrialization worldwide positively impacts market growth, consuming enormous amounts of electricity. Moreover, the increasing global demand for power escalates market growth.
Market Research Future (MRFR), in its recent ehouse market analysis, asserts that the market is forecasted to reach USD 2 BN by 2023. MRFR, in its COVID 19 analysis of the global E-House Market would grow at 7% during the assessment period (2017-2023). An E-House (Electrical House) is used in various industries such as oil and gas, mining, transportation, and power utilities to provide electrical power facilities. An E-House is equipped with several drives and many other components. E-House benefits industries in reducing capital and operational expenditures and time, increasing frequency by using components such as monitoring & control systems, and others.
Additionally, spurring growth in the transportation and industrial sectors boosts the growth of the market. Also, the establishment of smart power grids and renewable energy plants fuel the growth of the market. Besides, substantial R & D investments in developing components and technologies used in electrical houses increase the e-house market size.
Furthermore, technological advancements in smart devices and the growing penetration of the Internet of Things (IoT), foster the market growth. Conversely, the lack of technical expertise and high maintenance costs are significant factors projected to restrict the market growth during the review period. Nevertheless, the increasing market proliferation of smart connected devices such as smart transformer and frequency drives would support the growth of the e-house market throughout the assessment period.
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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
The report is segmented into five dynamics;
- By Type: Skid Mounted and Mobile e-house.
- By Component: Switchgear, Bus Bar, HVAC, Transformer, Frequency Drives, Monitoring, Control Systems, and others.
- By Voltage: Low Voltage and Medium Voltage E-house.
- By Application: Oil & Gas, Industrial, Mining, Transportation, Power Utilities, and others.
- By Regions: Americas, Europe, APAC, and Rest-of-the-World.
Global E-House Market – Regional Analysis
The Middle East and Africa region dominates the global E-house market. The largest market share attributes to the increasing demand from metal and mining industries in the region. Besides, swift electrification and increasing power requirements in O&G and metal industries increase the E-house market size in the MEA region. Dubai holds the largest share in the regional market, consuming 37,000-GW/hour electricity per annum.
Moreover, increased power consumption for commercial and for residential purposes drive the growth of the regional market. Besides, rising data centers, especially in the Middle Eastern region, spur the market growth in the region. The MEA eHouse market is poised to continue with its dominance over the global market throughout the assessment period.
North America stands second in the global E-house market. The market is driven by the increasing power usages in metal extraction, data centers, and other applications in this region. Additionally, rising investments in mobile power solutions, alongside vast technological advances act as significant driving forces for the growth of the regional market.
Also, the increasing adoption of low and medium voltage E-house stimulates the market growth in the region. Furthermore, increased adoption of E-house across various industry verticals fuels the growth of the E-house market in the region. Besides, the augmented demand & availability of quality E-house in the region propel the growth of the regional market.
The Asia Pacific e-house market is growing rapidly. The Asia Pacific E-house market is witnessing a rapid expansion stage due to the rapidly developing markets in India, China & Japan. Moreover, the rising adoption of mobile power solutions and rapid industrialization in the region drive market growth.
Besides, the growing IT industry and the wide adoption of eHouse components for applications, such as oil & gas, industrial, mining, transportation, and power utilities, substantiate the regional market growth. The APAC E-house is expected to witness a fabulous market growth during the review period.
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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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