Press release
E-House Market: Advanced Technologies and Growth Opportunities By 2030
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The role of e-house is gaining importance in several end-use sectors, owing to advantages such as easy installation, ease of transportation, and less space requirement. The major electrical house (e-house) market trends that are further anticipated is drive the demand of the global market.
The global electrical house market is analyzed across type, application, voltage type, and region. Based on type, the mobile substation segment accounted for around three-fifths of the total market share in 2020, and is expected to rule the roost by 2030. The same segment is also expected to garner the fastest CAGR of 6.5% throughout the forecast period. The report also studies the fixed e-house segment.
Based on application, the industrial segment contributed to more than half of the total market revenue in 2020, and is projected to lead the trail by 2030. The segment would exhibit the fastest CAGR of 6.5% during the forecast period. The research report also studies other segments such as oil and gas, mining and minerals, chemical, and other industrial application.
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The global electrical house industry report provides in-depth competitive analysis. Region-wise, the global e-house market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific electrical house market size is projected to grow at the highest CAGR of 7.1% during the forecast period and accounted for 35.5% of electrical house (e-house) market share in 2020, owing to expansion of the electronics and energy sectors that have enhanced the demand for e-house in the Asia-Pacific region. China's energy sector is increasing rapidly, which has forced e-house manufacturers to produce more efficient and advanced e-house for smooth and consistent power supply applications.
The key players operating in the global electrical house market include ABB, Axis Solutions Pvt Ltd, BMarko Structures Inc., Eaton, General Electric, Kasa Analgen, Panel Built Incorporated, Schneider Electric, Siemens AG, and TECO Corporation.
Key findings of the study
• The mobile substation type is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030.
• The industrial application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030.
• The medium segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030
• Asia-Pacific garnered the highest share of 35.5% in 2020, in terms of revenue, growing at a CAGR of 7.1%
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