The E-house market is expected to grow from US$ 1,614.70 million in 2022 to US$ 2,253.46 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2022 to 2028.
The E-house market is expected to experience a surge in growth during the forecast period due to the rapid expansion of the mining and oil & gas sectors in the Middle East, as well as the growing demand for E-houses in the African utility industry. Additionally, countries in the Middle East and Africa, such as Iraq, recovering from civil unrest, are expected to provide lucrative opportunities for E-house market growth. To restore basic amenities like power supply to businesses and people, Iraq's government ordered 12 mobile substations for its utility sector in 2017, installing new substations and overcoming the power shortage issue. Countries like Mozambique, Angola, and Libya drive the demand for E-houses in the MEA region.
Kontrolmatik is a prominent E-house company operating in the MEA region. It manufactures complete prefabricated and containerized E-house solutions at its Mobile Energy Solutions Factory in Ankara, Turkey. The company is involved in various aspects of E-house systems, from equipment supply to system integration, engineering, testing, and commissioning. The MEA region's oil and gas projects, including Upper Zakum - Production Capacity Enhancement, Ruwais Refinery Complex - Refinery Expansion, Zubair Oil Field - Rehabilitation Phase and Enhanced Re-Development Phase, Ras Laffan - Qatargas - NFE, Basra Gas Gathering Project, and Al Zour Refinery, offer significant growth opportunities for the E-house market.
Impact of COVID-19 Pandemic on E-House Market
The COVID-19 pandemic resulted in economic slowdown in Europe in 2020 and 2021 due to business lockdowns, travel bans, and supply chain disruptions. Countries such as the UK, Spain, and Germany implemented stringent measures and travel restrictions to control the virus's spread, resulting in the temporary suspension of several sectors, including oil & gas, mining, and infrastructure development projects. This had an adverse impact on the demand for E-house solutions, leading to production halts. However, as the lockdown restrictions were eased in mid-2020, many development projects resumed, boosting demand for E-house solutions. The market leaders in the E-house industry responded to the resurgence in demand by taking on new projects and speeding up market growth.
In 2022, the Hungarian government initiated development efforts in a region that exhibited growth potential in the infrastructure sector. The European Commission approved a Cohesion Fund investment of US$ 90.72 million to enhance passenger and freight train connections in the Northern Great Plain of Hungary. The project includes constructing various facilities in remote locations without access to power, necessitating new E-house systems to power the construction equipment and related instruments. This presents significant opportunities for E-house market players, and the deployment of E-houses in such projects is expected to increase.
The E-house market analysis is based on type, component, and application. The market is divided into fixed (skid mounted) and mobile substations based on type. The E-house market is segmented into transformer, bus bar, power management system, variable frequency drive, switchgear, HVAC, and others based on component. Furthermore, the E-house market is categorized into industrial and utilities based on application. Geographically, the market is classified into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.
ABB Ltd.; Eaton; Becker Mining System AG; Schneider Electric SE; Siemens AG; WEG; StarFlite Systems; Scheron; Powergear Limited; and Powell Industries, Inc. are a some of the E-house market players profiled in the study. Market players are following organic and inorganic growth strategies to sustain their competitive edge. In January 2022, ABB and UK Power Networks joined hands to create a sustainable future by implementing the world's first 36 kV double bus bar AirPlus switchgear. ABB was commissioned by UK Power Networks, which supplies electricity to 8.3 million households and businesses, to provide the first-ever 36 kV medium-voltage double busbar AirPlus Gas Insulated Switchgear (GIS). The switchgear uses AirPlus gas as an insulator between the electrical contacts, resulting in almost zero global warming impact. As part of its Environmental Action Plan to ensure a sustainable future for generations, UK Power Networks, the largest electricity distributor in the UK, has announced its intention to use AirPlus, ABB's innovative and eco-friendly alternative to SF6 switchgear, at its substation in Kent.
In February 2019, ThyssenKrupp Industrial Solutions, a technology group, awarded Siemens one of its largest individual orders for e-Houses. The order was for seven modular power distribution substations to power a new chemical complex of MOL Group, a prominent international oil and gas company based in Hungary.
The E-house market size has been determined by combining primary and secondary research methods. In the initial research phase, an extensive secondary research effort was undertaken, utilizing internal and external sources to gather qualitative and quantitative information about the E-house market. This process also involved obtaining an overview and forecast of the E-house market size across all segments. Subsequently, industry participants and experts were interviewed through primary research to validate the data and obtain additional analytical insights. These participants included VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the E-house market.
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