Global E-House Market analysis 2020 offers a steady compound annual growth rate (CAGR) of 7% during the years between 2017 and 2022. Market Research Future estimates the figures and reveals that the market will witness a valuation of USD 2 Billion in the same period.
Top Market Drivers
An E-House can be installed in a restricted space or even relocated easily whenever required. MRFR, in its study, has revealed that flexibility, cost-effectiveness, and ease of installation are some of the fundamental factors driving the growth of the E-House market during the assessment period. Even some industrial applications of E-House, such as the rapid expansion of transmission capacity and quick disaster response, are also boosting the growth of the E-House market over the proposed period.
E-Houses are also used to supply temporary power supply in case of unplanned repairs. Besides, in case of planned maintenance, there could even eliminate the need for extended electricity outages by using an E-House. Thus, these factors are probable to fuel the E-House market. Furthermore, the market for global electrical houses is driven by promising demand from industries such as mineral extractions, oil and gas, and other commercial buildings. The firmness of smart power grids and renewable energy plants are also alongside fuelling the market growth at a rapid pace.
On the contrary, the factor of the lack of technical expertise and high maintenance costs are recorded to be hampering the global e-house market growth over the forecast period.
Segmentation of Market: E-House
The global E-House market, as per MRFR’s study, is studied among segmentation of type, component, voltage, and application.
Among the type segment, the market has classified into skid mounted and mobile e-house.
Among the component segment, the market has further classified into monitoring and control systems, switchgear, HVAC systems, bus bar, frequency drives, transformer, and others.
Among the voltage segment, the market has classified among low voltage and medium voltage E-house. E-Houses are used in assorted industries such as mining, oil and gas, power utilities, and transportation.
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Table of Content:
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global E-House Market
5 Vertical Overview Of Global E-House Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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