Press release
E-House Market 2018 Global Leaders: Matelec Group, WEG, Electroinnova, Siemens AG, Efacec, Delta Star, Elgin Power Solutions, Meidensha, Eaton Corporation
Market Synopsis:
The market research report on global Electrical House (E-House) market published recently by Market Research Future (MRFR) highlights the fact that the market will grow at 7% CAGR and will reach a market valuation of USD 2 Bn. The accelerating power requirements by multiple industries across the globe is fueling the growth of the market.
The factors responsible for the growth of the market are flexibility, cost-effectiveness, easy installation, etc. The growing number of applications of e-house is due to its varied components such as monitoring and control systems, frequency drives, etc. which can be used for multiple purposes. The expanding industrial sector is one of the key drivers of the E-House Market which is fueling the demand. E-House helps to reduce both capital and operational expenditures. It saves time and is a one-stop solution for industries. Therefore, its demand will be magnifying during the assessment period.
The major drivers of the market growth are catapulted demand from oil & gas industries, establishment of smart power grids and renewable energy plants, etc.
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Global E-House Market Segmentation:
The global E-House market is segmented into type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile e-house. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage E-house. E-Houses are used in various industries such as oil and gas, mining, transportation, and power utilities.
Key Players:
Some of the key players in the global E-house market are 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) are also some of them.
Regional Analysis
The global E-House market is studied for North America, Europe, Asia Pacific and Rest of the World which consists of Middle East and Africa. Middle East and Africa region holds the major market share and is expected to maintain the growth through the forecasted period. The increasing demand from metal and mining industries is driving the market in this region. Swift electrification in the Middle East and Africa is fuelling the market growth. Dubai alone consumes 37,000-gigawatt hours of electricity per annum, half of which, is used for commercial purposes and the other half for residential purposes. The increased power requirements in industries like oil and gas and metals are the major growth factors for the expansion of global E-House market in this region.
North America holds the second largest market share in global E-House market. The increasing power usage in metal extraction, data centres and other applications are driving the market for global E-House market in this region. The rising investments in mobile power solutions are fuelling the market growth. Industries in Asia Pacific region are adopting mobile power solutions and is expected to show slow growth rate during the forecast period.
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Intended Audience
• Component Suppliers
• Investors and Venture Capital Firms
• Integrated Device Manufacturers (IDMs)
• System Integrators
• Electric Hardware Equipment Manufacturers
• Assembly and Packaging Vendors
• Companies Working in the Electric Utilities Sector
• Analysts and Strategic Business Planners
• End-user Industries
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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