E-House Market by Product (Skid and Mobile Substation), by Voltage (Medium Voltage and Low Voltage), and by Application Area (Oil & Gas, Mining, Utilities, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global E-House market expected to reach USD 1,545.1 million globally by 2024, at a CAGR of around 6.9% between 2018 and 2024. E-house is a power station that is used in a remote location where it is difficult to provide a power supply. E-houses distribute power according to the requirements.

28-Sep-2018 | Number of pages: 158 | Report Code: ZMR-3383 | Report Format : | Status : Published

Analysis

E-House, also known as the powerhouse, is a walk-in outdoor enclosure. They are used in locations that are not easily accessible to the power supply. E-houses distribute power as per the requirements. They are an alternative to traditional power distribution solutions. E-houses can be skid (on-ground) or mobile (on-wheel). 

Investments in the oil & gas sector are preliminarily driving the e-house market. E-house is used in oil & gas sector to power the process and develop gas field reserves. In India, oil & gas sector is one of the top six sectors. The Indian Government has also allowed 100% foreign direct investment (FDI) in various segments of this sector. Over the past 17 years, petrochemical & gas sector in India had about USD 6.86 billion foreign direct investments. Saudi Arabia is also planning to invest in refineries and petrochemicals in India. Further, gas production in India is estimated to reach 90 billion cubic meters (BCM) till 2040 as compared to 21.3 BCM in 2017-18. These investments are expected to propel the e-house market during the estimated timeframe.

Global E House Market

One of the major areas deploying E-house’s is the mining sector. Revenue generated by the top 40 mining companies globally was USD 600 billion in 2017 as compared to USD 496 billion in 2016. Peru is the third largest producer of copper and silver. As of 2015, investments in the mining sector were about USD 7.5 billion. Further, in 2015, it was estimated that about 24% of the total foreign direct investments in Peru were made in the mining sector. Thus, the global e-house market is expected to propel due to increasing investments in the mining sector. However, high maintenance cost is expected to be a barrier to the growth of the e-house market. Nonetheless, technology advancements may open new avenues for the e-house market in the near future.

Based on the product, the global e-house market is divided into skid and mobile substation. The mobile substation segment is expected to hold a significant market share during the estimated timeframe. Oil & gas, mining, utilities, chemicals, and others are the major application areas for the e-house market. Utility segment is anticipated to grow at a substantial rate during the forecast period.

Europe is expected to contribute substantially to the growth of the global e-house market during the forecast period. Rising investments in the utility sector are considered to be the major driver for the regional e-house market. Further, the presence of top market players such as Siemens AG, ABB, Schneider Electric SE, and Eaton Corporation in the region will shape the e-house market massively. Increasing production of oil & gas in the Middle East & Africa is the major driving factor for the growth of the e-house market. 

Some of the key players in the e-house market are Siemens AG, ABB, General Electric, Schneider Electric SE, Meidensha Corporation, Eaton Corporation, CG Power, WEG Industries, Powell Industries Inc., and TGOOD Global Ltd., among others.


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