Electrical House or E-House Market To Surpass USD 2,315.9 Million By 2030: Research Study by Reports and Data

Market Size – USD 1,325.1 Million in 2021, Market Growth – at a CAGR of 6.3%, Market Trends – Increasing rate of digitization in the E-House market

The global Electrical House or E-House market size was USD 1,325.1 Million in 2021 and is expected to register a revenue CAGR of 6.3% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by rising demand from the oil gas industry for power distribution and control owing to its easy installation and transportation.

An E-House is a self-supporting pre-engineered building that stores and houses majority of industrial project's electrical equipment. E-Houses can contain anything from a single medium voltage Variable Frequency Drive (VFD) to a low voltage Motor Control Center (MCC) and control panel, or even entire electrical and control distribution systems for industrial process such as barren solution pump station. In addition, E-Houses come in various shapes and sizes to meet project requirements. They are essentially ready to plug and play into field devices or equipment because they are already connected. E-Houses can also be moved and once the goal of process has been served, they can be deactivated or repurposed far more easily than a permanent building.

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Market Dynamics:

The global Electrical House or E-House market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 pandemic. Rapid revenue growth is attributed to factors such as rising disposable income, improvements in standard of living, and increasing preference for organic food and plant based food products. Moreover, rising health conscious population, increasing preference for online shopping and doorstep deliveries and growing inclination of veganism in several countries across the globe and increasing focus on developing novel products to cater to consumer demand are other factors expected to support market growth going ahead.

Competitive Landscape:

The research report offers details about leading companies in the global Electrical House or E-House market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.

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Major Companies:

  • WEG,
  • TGOOD Global Ltd,
  • Powell Industries,
  • Elgin Power Solutions,
  • Meidensha Corporation,
  • Matelec Group,
  • Aktif Group,
  • PME Power Solutions (India) Limited,
  • Efacec,
  • Schneider Electric.

Market Segmentation:

The report also sheds light on the market segmentation based on type, application and region:

By Type Outlook 

  • Fixed E-house
  • Mobile Substation

By Application Outlook 

  • Utilities
  • Industrial
    • Oil Gas
    • Mining Minerals
    • Chemicals
    • Others

By Voltage Type Outlook 

  • Medium
  • Low

Electrical House or E-House Market Segmentation based on Regions:

North America

  • S.
  • Canada
  • Mexico
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East Africa

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