Press release
E-House Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2027
The E-House Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the E-House market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the E-House market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the E-House market.The E-House market is expected to reach a CAGR of 6.83% during the forecast period of 2021 and 2026.
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Top Leading Companies of E-House Market are - ABB Ltd., Siemens AG, Eaton Corporation Inc., Schneider Electric SE, Electroinnova S.L., Powell Industries Inc., Aktif Group, Unit Electrical Engineering Ltd., TGOOD Global Ltd., LS Electric Co., Ltd. and others.
Industry News and Updates:
- February 2020 - GE Power successfully delivered an e-house and VSDS to the petrochemical plant controlled by Shell Nederland Chemie B.V. GE's VSDS encompasses high-speed induction motor and variable speed drive, steadily reaching over approximately 90% energy efficiency for the compressor train.
Key Market Trends:
Upstream Sector in Oil and Gas to Witness Significant Share
- 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 segment 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.
North America Accounts to Hold Significant Market Share
- North America is accounted for to hold a significant market share. With increasing industrial units in oil and gas, mining, etc., and further with the residing of global players such as ABB Ltd, Siemens AG, etc., the market tends to grow significantly.
- Canada is one of the largest producers of oil and gas in the world. Their oil and gas industry plays an important role in the country's economy. Oil sands remain its primary source of hydrocarbon production, comprising over 90% of the country's total oil reserves. As per the Canadian Association of Petroleum Producers (CAPP), the oil production in the country is expected to reach 5.4 billion bbl/d in 2030, and oil sands are expected to account for 70.7% of the total production. This caters to the demand of e-house during the forecasted period.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- E-House Market Size & Analysis (2016 - 2026)
- Market Share Analysis of E-House Market (%),2016 - 2026
- E-House Market Share, By Brand
- E-House Market Share, By Company
- E-House Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies E-House Market Value Analysis & Forecast
- Promising E-House Development by Major Companies
- Detailed E-House Portfolio of the Major Companies
- Major Deals in the E-House Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593097/e-house-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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