Global E-House Market was valued at US$ 1.4Bn in 2019 and is expected to reach US$ 2.5Bn by 2027, at a CAGR of 7.52% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global E-House Market
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Global E-House Market Dynamics
An Electric house (E-house) also known as the powerhouse, is defined as a plug-and-play solution that offers electrical power. Growing offshore oil & gas exploration activity, growth in mining, and power infrastructure have increased the demand for electrical houses worldwide. This has been further amplified with the increasing demand for E-Houses rising from the renewable energy sector. A global rise in the rail infrastructure, with dedicated freight corridors being constructed around the globe, would also fuel the E-House business globally.
The growth of the E-House market is mainly driven by investments in the oil & gas sector and power sector. There are various drivers of e-house such as it is quick and easy to install on-site. Its durability offers insulated protection to equipment thus reducing the work of civil engineers. Parnis Manufacturing Ltd Company manufactures E-House which is fully equipped with electrical substations and is constructed using insulated steel panels. It is designed in such a way that it delivers the best-customized solutions.
Segment Analysis of the Global E-House Market
E-houses are used in both the utility segment and industrial segment applications for varied benefits. Planned maintenance, disaster response, and quick growth of transmission capacity are some use cases where e-houses have delivered a sure outcome for utility applications. E-houses are used to offer temporary power supplies during unplanned repairs. Additionally, in times of planned maintenance, e-house can reduce or even eliminate the need for extended electricity outages.
The mobile substation segment is leading the market for E-house. The mobile substation can be nearby for emergency response as a backup unit. It can also be useful in cases where the energy distribution needs to be providing or reinstated in a short span of time. Mobile substation as a backup for disaster response can ensure quick power supply and faster recovery throughout an incident.
Regional Insights of the Global E-House Market
The Middle East & Africa to grow at the highest CAGR during the forecast period. The Middle East & Africa not only holds the largest market share followed by North America but is also expected to grow at the highest rate over the forecast period. Rapid electrification in Africa, along with the demand from the metals & mining industry in the region is expected to drive the growth of the e-house market globally.
North America holds the second major market share in the global E-House market. The growing power usage in metal extraction, data centers, and other applications are driving the market for the global E-House market in the North American region. The increasing investments in mobile power solutions are fuelling the market growth. Industries in the Asia Pacific region are adopting mobile power solutions and are expected to show a slow growth rate throughout the forecast period.
Scope of the Global E-House Market :Inquire before buying
Global E-House Market, by Type
• Fixed E-House (Skid Mounted)
• Mobile Substation
Global E-House Market, by Component
• Bus Bar
• Variable Frequency Drive
• Power Management System
• Other Auxiliary Systems
Global E-House Market, by Application
o Oil & Gas
o Metals & Mining
Global E-House Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global E-House Market
• Schneider Electric
• General Electric
• CG Power
• Powell Industries
• Elgin Power Solutions
• Matelec Group
• Aktif Group
• PME Power Solutions (India) Limited
• EKOS Group
• Delta Star
• Nari Group
• Unit Electrical Engineering (UEE)
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