Press release
E-House Market to Reach USD 2.67 Bn by 2030, Growing at 7.03% CAGR
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐ญ๐ก๐ ๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญThe global E-House market is poised for robust growth, driven by the increasing need for reliable and energy-efficient electrical distribution systems across industries. E-Houses, also known as electrical houses or modular substations, are prefabricated, fully equipped enclosures for electrical systems. These systems are particularly vital in industries like oil and gas, power generation, mining, and construction, where continuous power supply is critical.
According to recent market research by Maximize Market Research, the global E-House market is expected to expand at a CAGR of 7.03% over the forecast period from 2023 to 2031. The market size was valued at USD 1.66 billion in 2023 and is anticipated to reach USD 2.67 billion by 2030. This growth is largely attributed to the increasing demand for advanced energy solutions, expansion of industrial infrastructure, and the growing emphasis on sustainable power distribution.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/28068/
๐๐๐ฒ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Several factors are contributing to the upward trajectory of the global E-House market, including:
๐ฐ๐๐๐๐๐๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐๐: Rapid industrialization in emerging economies, especially in the energy and utilities sectors, is a key growth driver.
๐ซ๐๐๐๐๐ ๐๐๐ ๐ด๐๐ ๐๐๐๐ ๐บ๐๐๐๐๐๐๐๐: The growing need for modular, scalable, and flexible electrical solutions to meet the requirements of various industries is boosting the adoption of E-Houses.
๐บ๐๐๐๐ ๐ป๐๐๐๐๐ ๐น๐๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐: As the world transitions toward renewable energy sources, E-Houses are gaining traction in solar, wind, and other green energy projects for their efficient and compact design.
๐ป๐๐๐๐๐๐๐๐๐๐๐๐ ๐จ๐ ๐๐๐๐๐๐๐๐๐๐: Continuous improvements in automation, control systems, and IoT-enabled E-Houses are contributing to the market's expansion.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's E-House market is experiencing strong growth, fueled by the country's ambitious infrastructure development plans and growing industrial sectors. With significant investments in the power and energy sector, particularly in renewable energy projects, there is an increasing demand for modular substations and efficient electrical systems.
Vietnam's CAGR for E-House market is projected to be around 8.5% in the coming years. As the country works towards meeting its energy demands and enhancing grid stability, demand for custom-designed E-Houses is expected to surge, providing opportunities for both local and international players in the market.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
In Thailand, the E-House market is witnessing substantial growth, particularly within the industrial, manufacturing, and energy sectors. The country's strategic location in Southeast Asia positions it as a vital hub for power distribution systems and industrial electrical infrastructure. Thailand's government has rolled out several large-scale projects in renewable energy, including wind and solar farms, which will further increase demand for E-Houses.
Key trends include the integration of digital control systems into E-Houses, enhancing monitoring, control, and maintenance capabilities. The market in Thailand is expected to grow at a CAGR of 9.1% over the next decade, with significant opportunities for innovative players focusing on sustainability and automation.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's E-House market has seen increasing consolidation, with major players like Mitsubishi Electric Corporation, Hitachi, and Fuji Electric driving the adoption of modular electrical systems. The country is focusing heavily on energy-efficient solutions in line with its sustainability goals, and this has led to a surge in demand for E-Houses. Mergers and acquisitions in the sector are creating a more integrated market where companies are expanding their portfolios to include advanced digital solutions and renewable energy integration.
The market is estimated to grow at a CAGR of 7.8%, with an increasing focus on offshore power generation and green energy projects.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is accelerating its transition toward smart cities and green energy solutions, creating a wealth of opportunities for E-House manufacturers. The country's energy policies are becoming more focused on renewable energy and energy-efficient infrastructure, which is driving the need for modern electrical houses in various sectors, including transportation, healthcare, and manufacturing.
Recent updates in the South Korean market have seen Samsung Engineering and Hyundai Engineering make significant strides in the development of high-tech E-Houses designed for large-scale industrial applications. The market is growing at a CAGR of 8.9%, with a promising outlook for companies offering modular and customizable E-House solutions.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's E-House market is driven by the nation's robust infrastructure development and commitment to smart, energy-efficient technologies. As part of its Green Plan 2030, Singapore is investing in renewable energy projects, energy storage solutions, and smart grid technologies that require reliable and advanced electrical systems.
The growing demand for renewable energy and energy storage in the region is likely to push the market for modular substations further. Companies like Schneider Electric and ABB are leading the way in providing sustainable E-House solutions. With a projected CAGR of 9.3%, Singapore's market presents tremendous opportunities for innovation and growth.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
In the United States, the E-House market is seeing significant growth due to the expansion of renewable energy projects and the ongoing modernization of the electric grid. The U.S. is focusing on clean energy solutions, grid stability, and digitalization, which is driving the need for more flexible and scalable electrical distribution solutions such as E-Houses.
Major players like General Electric, Eaton, and Schneider Electric are pushing forward in this space, and M&A activity is helping streamline product offerings. The U.S. market is expected to grow at a CAGR of 10.2% by 2031, supported by government policies promoting sustainability and resilience in the power grid.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
In Europe, the E-House market has seen significant consolidation, with several multinational companies expanding their footprint through strategic mergers and acquisitions. Countries like Germany, France, and the Netherlands are witnessing an increasing demand for modular substations driven by the transition toward green energy and the modernization of industrial power systems.
Siemens Energy and Schneider Electric are notable players in this market, with ongoing consolidation in the sector allowing companies to better compete in an evolving energy landscape. The European market is expected to grow at a CAGR of 8.4%, with a focus on large-scale energy storage and grid solutions.
๐๐จ ๐๐๐ฅ๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ค๐ข๐ง๐๐ฅ๐ฒ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/28068/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
ABB Ltd. recently launched a new line of smart, modular E-Houses, integrated with advanced control systems, in response to growing demand for grid modernization in North America and Europe.
Siemens Energy has signed a major partnership with a Japanese renewable energy firm to provide E-Houses for offshore wind projects in the Pacific.
Schneider Electric is expanding its presence in Southeast Asia, particularly in Thailand and Vietnam, to meet the increasing demand for energy-efficient electrical solutions.
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐ป๐๐๐
Fixed E-House
Mobile Substation
๐จ๐๐๐๐๐๐๐๐๐๐
Utilities
Industrialo Oil & Gas
1.Mining & Minerals
2. Chemicals
3. Other Industrial Applications
๐๐ ๐ฝ๐๐๐๐๐๐ ๐ป๐๐๐
Medium
Low
High
๐๐ ๐ด๐๐ ๐๐๐ ๐ป๐๐๐
Single Module
Multi Module
๐๐จ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ข๐ ๐๐ญ๐ ๐ญ๐ก๐ข๐ฌ ๐ญ๐จ๐ฉ๐ข๐, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ง๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/28068/
๐-๐๐จ๐ฎ๐ฌ๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐:
1. ABB
2. Siemens
3. Eaton
4. Schneider Electric
5. General Electric
6. CG Power
7. Meidensha
8. Electroinnova
9. WEG
10. TGOOD
11. Powell Industries
12. Elgin Power Solutions
13. Matelec Group
14. Aktif Group
15. PME Power Solutions (India) Limited
16. EKOS Group
17. Efacec
18. Del
19. ta StarNari Group
20. Unit Electrical Engineering(UEE)
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
Makeup Remover Pen Market https://www.maximizemarketresearch.com/market-report/makeup-remover-pen-market/146350/
Macadamia nuts Market https://www.maximizemarketresearch.com/market-report/macadamia-nuts-market/221276/
Fishing Reels Market https://www.maximizemarketresearch.com/market-report/fishing-reels-market/126953/
Plant Based Ham Market https://www.maximizemarketresearch.com/market-report/plant-based-ham-market/217492/
Motor Space Heater Market https://www.maximizemarketresearch.com/market-report/motor-space-heater-market/199788/
Smart Robot Market https://www.maximizemarketresearch.com/market-report/smart-robot-market/2317/
Power Management System Market https://www.maximizemarketresearch.com/market-report/global-power-management-system-market/1157/
Global Submarine Sensor Market https://www.maximizemarketresearch.com/market-report/global-submarine-sensor-market/35767/
Global Phytosphingosine Market https://www.maximizemarketresearch.com/market-report/global-phytosphingosine-market/28835/
Global Advanced Commercial Laundry Machines Market https://www.maximizemarketresearch.com/market-report/global-advanced-commercial-laundry-machines-market/33786/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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