E-House Market Analysis
The e-house market size is predicted to reach USD 2.31 Billion at CAGR 6.3% through the Forecast period 2020-2030.
Drivers
Increasing Adoption in Military Sector to Boost Market Growth
The increasing adoption of e-houses in the military sector will boost market growth over the forecast period. All nations are involved in extensive R&D activities in the defense sector. Every country is trying in being self-sufficient and lowering their dependency on other countries for weapons and ammunition. The race for becoming a nuclear power is leading countries in implementing and trying innovative and new technologies. Nuclear tests need to be performed in areas that are deserted in barren grounds and away from the city. Thus governments are critical customers of e-houses. The usage of e-houses for supporting defense activities is likely to drive market growth.
Restraints
Lack of Technical Expertise to act as Market Restraint
The lack of technical expertise and the impact of COVID-19 pandemic may act as market restraints over the forecast period.
Challenges
High Maintenance Costs to act as Market Challenge
The high maintenance costs of e-houses may act as a market challenge over the forecast period as failure of e-house may critically impact the operations in different applications. Besides, the transportation of fixed e-house may also impede market growth.
Market Segmentation
- By type, the global e-house market is segmented into mobile e-house and skid mounted.
- By component, the global e-house market is segmented into monitoring and control systems, frequency drives, transformer, HVAC systems, bus bar, switchgear, and others.
- By voltage, the global e-house market is segmented into medium voltage and low voltage e-house.
Opportunities
R&D to Develop Small E-Houses to offer Robust Opportunities
The on-going research and development of manufacturers for designing smaller, less maintenance, and convenient e-houses will offer robust opportunities for this market in the forecast period.
North America to Have Admirable Growth in E-House Market
North America will have admirable growth in the market over the forecast period. The escalating power usage in metal extraction, data centers, and more applications, intensifying investments in mobile power solutions, and increasing mining activities in the US as it is a leading producer of coal are adding to the global e-house market growth in the region.
Key Players
Eminent players profiled in the global e-house market report include 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).
Key players in the market have incorporated several strategies to stay at the forefront such as partnerships, mergers and acquisitions, new product launches, and more.
Regional Analysis
Middle East and Africa to Lead E-House Market
The Middle East and Africa will lead the market over the forecast period. The growing demand from mining and metal industries, swift electrification in the region, increasing consumption of electricity in Dubai that is mostly used for commercial purposes, increasing oil and gas exploration and extraction in the African region, the increasing demand from utilities, and recovery from civil war of countries are adding to the global e-house market growth in the region.
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