Press release
E-house Market Expected to Witness a Significant Growth $1.70 Billion by 2025, at CAGR of 6.6% | Top Worldwide Key Players (WEG, TGOOD Global, Powell Industries, Elgin Power Solutions, MEIDENSHA CORPORATION, Matelec)
Market Analysis: Global E-house MarketThe Global E-house Market is expected to reach USD 1.70 billion by 2025, from USD 1.02 billion in 2017, growing at a CAGR of 6.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global E-house Market
E-house, also known as power house, is defined as plug-and-play solution which provides electrical power. There are various advantages of e-house such as it is quick and easy to install on site. Its durability provides insulated protection to equipment thus reducing work of civil engineers .Parnis Manufacturing (Pty) Ltd (Johannesburg) 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 provides the best customized solutions. In 2017, according to the article published by industrial buyer online, Parnis Manufacturing (Pty) Ltd Company obtained a contract to fabricate modular electrical houses (e-house) intended for a mine in Africa . Moreover, Siemens AG (Germany) company also manufactures e-house which helps in cost optimization for investment and operation with a range of more than 20% of less cost. It also maintains time efficiency up to range of 50%. Hence, due to increase in manufacture of e-house provided by company such as Parnis Manufacturing (Pty) Ltd (Johannesburg), Siemens AG (Germany) will get affected by increasing demand of global e-house market in future.
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Competitive Analysis: Global E-house Market
The global e-house market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of e-house market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global E-house Market
Some of the major players operating in the global e-house market are Electroinnova Instalaciones y Mantenimientos SL (Spain), WEG (Brazil), TGOOD Global Ltd.(Hong Kong), Powell Industries.(US), Elgin Power Solutions (US), MEIDENSHA CORPORATION (Japan), Matelec (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), among others.
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Market Segmentation: Global E-house Market
The global e-house market is segmented based on type, application and geographical segments.
• Based on type, the market is segmented into fixed E-house and mobile substation
• On the basis of application, the market segmented into industrial and utilities. Industrial is further sub segmented into metals & mining and oil & gas
• Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Research Methodology: Global E-house Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
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