E-House Market

E-House Market Snapshot (2022-2032)

The global E-House market is likely to garner a market value of US$ 1.82 Billion in 2022 and is expected to accumulate a market value of US$ 3.31 Billion by registering a CAGR of 6.2% in the forecast period 2022-2032. Growth of the E-House market can be attributed to the installation of power grids, where e-house is widely used for integrated power supply applications. The market for E-House registered a CAGR of 3.2% in the historical period 2017-2021.

Factors such as the rapidly developing automotive industry, expanding industrial output, and large and small appliance manufacturing facilities are expected to propel the growth of the e-house market during the forecast period.

“Increase in global electricity consumption has surged the need for installation of new power grids, wherein e-house is widely employed for power supply and transmission applications.”

Additionally, the E-house is highly preferred in the oil & gas sector for power distribution & control purposes, attributed to their reduced construction lead times as well as easy installation & transportation. This is one of the major factors that is projected to propel the growth of the electrical house (e-house) market in the forthcoming years.

Furthermore, rapid urbanization and development of the transportation & logistics sector have surged the consumption of crude oil in recent years. For instance, as per the report published by the Organization of the Petroleum Exporting Countries (OPEC) World Oil Outlook 2021, India’s oil demand may rise from 51% to 58% by 2045, owing to exponential increase in population, surge in affluent populace, and rapid urbanization.

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Which are Some Prominent Drivers of E-House Market?

Cost-Effectiveness of E-Houses to Widen the Market Prospects

Factors such as flexibility, the ease of installation, and cost-effectiveness of e-house are anticipated to augment the growth of the e-house market over the analysis period. It can be easily installed in a small space owing to its simple foundation. It is extensively utilized in both industrial and utility applications for several benefits.

In addition, the rapid expansion of transmission capacity, planned maintenance, as well as disaster response are some of the major applications where e-houses are deployed. These are also used during unplanned repairs to provide temporary power supply. Moreover, their ability to eliminate or reduce the requirement of extended electricity outages at the time of planned maintenance are anticipated to bode well for the e-house market growth in the near future.

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What are the Prevailing Opportunities in the E-House Market?

Increasing Demand for Energy and Power to Propel the Market Growth

The exploitation of shale reserve has led to an increase in demand for energy and power services. According to IEA, the global gas demand is expected to grow by 1.6% a year for the next five years, with consumption reaching almost 4,000 billion cubic meters (bcm) by 2022, up from 3,630 bcm in 2016. China will account for 40% of this growth. Hence, the upstream segment is expected to be one of the largest segments for the e-house market.

Traditionally, players in the oil and gas industry obtain their switchgear, drives, and automation systems from multiple electrical equipment suppliers and obtain their electrical houses through fabricators. But the demand to reduce risk, costs, and delivery time has steered the industry away from this practice, and the part of CAPEX in the upstream sector is contributed to the e-house.

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How has COVID-19 Impacted the Growth of the E-House Market?

Due to business lockdowns, travel bans, and supply chain disruptions in the wake of the COVID-19 pandemic, in 2020, Europe witnessed an economic slowdown, which continued in 2021. European countries, such as the UK, Spain, and Germany, implemented drastic measures and travel restrictions, in order to curb the spread of this virus among their citizens.

Due to restrictions imposed on travel, various sectors, such as oil & gas, mining, and infrastructure development projects, were suspended briefly, which impacted the usage of E-house, and due to which, the e-house production came to an unexpected halt.

However, in mid of 2020, with the release of lockdown, several projects and suspended development projects were restarted, and the demand for e-house began catalyzing. Also, market leaders of E-house started taking projects and accelerating the market.

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What are the Factors Hampering the Global E-House Market?

Lack of Skilled workforce may Restrain the E-House Market Development

E-houses require experienced professionals to rectify and mitigate the system errors, if any. Factors such as lack of skilled workforce and technological expertise in underdeveloped and developing economies are anticipated to limit the growth of the e-house market during the analysis period.

Moreover, the electrical house comprises one or more switchgears, automated sensors, control power distribution board, and other components that require high maintenance costs, which limits the use of e-house among industries having less investment potential. Thus, rising transportation concerns and high maintenance costs are other factors that are expected to hinder the market growth. Also, lack of a strong infrastructure in the underdeveloped economies will also impede the market growth in the forthcoming years.

Comparative View of Adjacent E-House Markets

Comparative View of Adjacent Building Construction Market

Comparative View of Adjacent Architectural Services Market

Category-Wise Insights

Which Segment to Remain Dominant in the Type Category?

Mobile Substations Segment to push the Market Growth

By type, the mobile substations segment of the global market accounted for a value share of 32.3% in 2021. This is attributed to increase in transportation and logistics, which, in turn, is projected to surge the demand for oil & gas sector. This has increased the drilling & exploration activities of oil and natural gas where e-house is widely used for power supply purposes.

Mobile e-houses are a low-cost as well as an interim solution for various cities or districts, supplying electricity/power to inhabitants, street lighting, restoring power to hospitals, and numerous other essential services. The modular design of mobile substations is suited for sea, road, or air transportation, thus, providing immediate solutions and can also be easily installed and made ready for operation within two days. The segment is expected to expand at a CAGR of 6.1% during the forecast period.

Which is the Most Sought-after Voltage Type Category?

Medium Voltage to Account for Higher Market Share

The medium segment, by voltage type is expected to register considerable revenue in 2022 and is expected to depict a CAGR of nearly 6.0% through 2032. The segment is anticipated to account for a market share of 31.1% over the analysis period.

Growing global energy needs has surged the refining & exploration activities, where medium voltage e-house is used for power supply applications in both onshore, as well as the offshore projects. This is one of the major factors that is augmenting the growth of this segment in the global market.

Which are the Key Regions in the E-House Market?

Regional Insights

How will Middle East & Africa Perform in the Global E-House Industry Landscape?

Increasing Demand for E-Houses from the Utilities Sector is propelling market growth

The Middle East & Africa is expected to generate the largest e-house market share of 36.7% in the forthcoming years. This growth is attributable to the increasing demand for e-houses from the utilities sector. Moreover, the rapid expansion of the mining, as well as oil and gas industries in the Middle East is likely to boost the market.

Further, with the rising government investments in the upgradation of basic amenities, including power supply, Iraq is anticipated to showcase lucrative growth in the near future. In addition, the ongoing development of cost-effective e-houses is another crucial factor that is set to augur well for the regional market.

The E-House Market in Middle East & Africa is anticipated to hold a CAGR of 6.1% during the forecast period.

How will the Growth of E-House Market Escalate across North America?

Increase in Mining Activities to create lucrative opportunities for E-House in South Asia

In the U.S., the increasing number of mining activities is projected to augment the sales of e-houses in North America during the forecast period. The U.S. is considered to be one of the major producers of coal in this region. According to the U.S. Energy Information Administration (EIA), in 2020, the total productive capacity of coal mines was 933 million short tons (MMst) in the country. This number is expected to grow at a steady pace in future years, thereby escalating the regional market.

In addition, the presence of a well-established chemical sector in this region is another important factor that is anticipated to boost the market growth. Government agencies are also set to invest in the development of the oil and gas industry, which is likely to create new growth avenues for key players in North America. The E-House Market in the region is anticipated to hold a CAGR of 6.0% during the forecast period.

Market Competition

Business Footprint Expansion Strategies to shape the Global Industry Landscape

The prominent companies partaking in the global E-House market share include Electroinnova, WEG, TGOOD, Powell Industries, Elgin Power Solutions, Meidensha, Matelec Group, Aktif Group, PME Power Solutions, EKOS Group, Efacec, Delta Star, Siemens, ABB, Schneider Electric, Eaton, General Electric, CG Power, and Meidensha, among others. These firms are adopting strategies such as partnerships, joint ventures, and product line expansions to enhance their presence in the global market.

• In June 2020, TGOOD signed a complex mining project with ABB Switzerland Ltd as a supplier. The project involves the delivery of more than 50 * TGOOD prefabricated E-Houses with patented designs to a remote location where temperatures can reach -58°.
• In February 2020, GE Power successfully delivered an e-house and VSDS to the petrochemical facility under Shell Nederland Chemie B.V. supervision. High-speed induction motors and variable speed drives are combined in GE’s VSDS, which progressively improves the compressor train’s energy efficiency to over 90%.

Report Scope

Key Segments Profiled in the E-House Industry Survey

E-House by Type

• Fixed E-house
• Mobile Substation

E-House by Component

• Transformer
• Bus Bar
• Power Management System
• Variable Frequency Drive
• Switchgear
• HVAC
• Others

E-House by Application

• Industrial
• Utilities

E-House by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America