Electric House Market Market Size
Product overview
Electric House Market to surpass USD 2.2 billion by 2030, which is valued at 1.2 billion in 2021 at a compound annual growth rate of 6.3%.
Electric house or e-house is also called powerhouse, prefabricated substation, modular substation, and compact powerhouse. It is a comprehensive solution designed, assembled, and tested for power distribution usage. It might be wheel-mounted or skid mounted and requires the easy installation and is time-saving as it is an alternative to the traditional houses that are constructed on-site. It is used in various applications such as in oil and gas, minerals and mine, power utilities, railways, and marines by high voltage or low voltage e- houses.
Market Highlights
Electric House Market is expected to project a CAGR of 6.3% during the forecast period, 2021-2030
The features of E- houses such as cost-effectiveness, easy installation, flexibility, and installation into limited spaces are likely to drive the market growth. Increased exploration activity in offshore oil and gas, increased mining growth, and rising demand for e-houses globally and from renewable sectors are also expected to spur growth. It is used in various applications such as in oil and gas, minerals and mine, power utilities, railways, and marines by high voltage or low voltage e- houses which is also expected to drive the market growth.
Electric house market: Segments
By product type
it can be classified into low voltage e-houses and high voltage e-houses. Low voltage e-houses are preferred over high voltage e- houses due to their high demand in the market globally.
By end-user
it can be segmented into oil and gas, mineral, mine and metal, power utilities, marine, and railways. In the utility sector where planned maintenance and responses to disaster management are some of the areas where e-houses are used is expected to increase demand. They are also used in providing a temporary power supply in houses dominating the sector.
Market Dynamics
Driver
Cost-effectiveness, flexibility, and easy installation to increase growth
The features of E- houses such as cost-effectiveness, easy installation, flexibility, and installation into limited spaces are likely to drive the market growth. Increased exploration activity in offshore oil and gas, increased mining growth, and rising demand for e-houses globally and from renewable sectors are also expected to spur growth. It is used in various applications such as in oil and gas, minerals and mine, power utilities, railways, and marines by high voltage or low voltage e- houses which is also expected to drive the market growth.
Restraint
High maintenance and lack of technical efficiency hamper the growth of the e- housing market
The transportation cost of e-houses is likely to act as a restraint in the e-housing market. The high maintenance cost and the lack of technical expertise in the field also hamper the electric housing market.
Electric house market: Regions
MENA holds the largest share of electric houses globally due to the presence of many oil and gas, and mining industries there which have a huge demand for the same. Rapid electrification, as well as rising demand from the metals & mining industry in the region, is also expected to drive the growth. Developing countries such as China and India also have a huge demand for railways and power utilities which is likely to increase growth in the APAC region.
The electric house market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – the United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Electric house market: Key players
- Siemens
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- ABB
- Eaton
- Schneider Electric
- CG Power
- Meidensha
- General Electric
- Other Prominent Players
The electric house market report also contains an analysis on:
Electric house market segments
- By type
- Low voltage e-houses
- High voltage e-houses
- By End-user
- Oil and gas
- Mineral, mine, and metal
- Power utilities
- Marine
- railways
- Electric house market Dynamics
- Electric house market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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