Global Electrical House (E-house) Market Report and Forecast 2024-2032

Global Electrical House (E-house) Market Outlook

The global electrical house (E-house) market size reached approximately USD 1.45 billion in 2023. The market is assessed to grow at a CAGR of 6.6% between 2024 and 2032 to attain a value of around USD 2.60 billion by 2032.

Key Trends in the Market

E-house refers to prefabricated solutions that are used to protect sensitive mechanical and electrical equipment. It also houses critical power equipment, low and medium-voltage switchgear, and automation solutions. An e-house module is engineered to meet application requirements and as an alternative to conventional buildings.

• The transportability of e-houses is one of the prominent electrical house (e-house) market trends. E-houses are cost-effective and easy to relocate and install, enhance the reliability of power supply, and reduce on-site maintenance and installation needs, surging their appeal in remote areas.

• The electrical house (e-house) market demand is being propelled by the growing trend of sustainability. E-houses can reduce energisation time, lower the demand for equipment, and save resources due to their compact designs. Moreover, e-houses include solar panels, energy-efficient insulation, and rainwater harvesting systems, therefore mitigating environmental footprints, and reducing utility expenses.

• The electrical house (e-house) market growth can be attributed to the rising demand for integrated power supply, supported by the rapid growth of different sectors like transportation, automotive, manufacturing, logistics, and industrial, among others. Moreover, the development of advanced e-house security solutions and features, coupled with the expansion of e-houses to new locations and sites, is anticipated to favour the market development in the coming years.

Market Analysis

Based on voltage, the electrical house (e-house) market segmentation includes medium voltage e-house and low voltage e-house. On the basis of type, the market can be divided into fixed e-house and mobile substation.

By component, the market is segmented into switchgear, transformer, bus bar, variable frequency drive, power management system, and heating, ventilation, and air conditioner (HVAC), among others. On the basis of end use, the market is divided into mining and mineral, oil and gas, and metal, among others. The major regional markets for electrical house (e-house) include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electrical house (e-house) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Aktif Elektroteknik Sanayi ve Ticaret A.S

• General Electric Company

• Powell Industries, Inc.

• Schneider Electric SE

• Eaton Corporation PLC

• LS Electric Co., Ltd.

• WEG Electric Corp.

• TGOOD Global Ltd.

• Siemens AG

• ABB Ltd.

• Others

Market Share by Type

As per the electrical house (e-house) market analysis, the demand for mobile substations is significantly rising. Such e-houses find extensive usage in sectors like oil and gas and logistics due to their portability benefits. They can also be customised in accordance with the specific requirements of a site and can independently support high-voltage facilities while efficiently functioning in harsh conditions.

Mobile substations are also reliable, cost-effective, and easy to relocate, hence they are increasingly used for upgrading ageing infrastructure.

Market Share by Region

The Asia Pacific constitutes a significant portion of the electrical house (e-house) market share due to the rising demand for electricity in the region. The robust growth of sectors like manufacturing in countries like India and China is also boosting the installation of e-houses. Moreover, governments across the region are attempting to provide access to electricity at remote locations, hence aiding the market demand.

Meanwhile, the Middle East and Africa is likely to grow in the forecast period amid surging oil and gas exploration as well as mining activities.

Competitive Landscape

WEG Electric Corp., established in 1961, is a provider of industrial electrical technologies and one of the prominent manufacturers of electric motors. Headquartered in Georgia, the United States, the company aims to create innovative and efficient solutions and quality products.

TGOOD Global Ltd., founded in 2004, is one of the largest EV charging infrastructure and e-house solution providers in the world. It specialises in prefabricated solutions and offers customised solutions for its customers. Its experienced engineers also provide comprehensive turnkey solutions and EPC services for different projects.

Powell Industries, Inc., headquartered in Texas, the United States, started its journey as a metalworking shop in 1947. Since then, it has established its position as a prominent supplier of integrated and complex systems for the control and distribution of electrical energy and other critical processes. Due to its commitment to the environment and people, the company focuses on developing innovative technologies for advancing electrical infrastructure.

Other electrical house (e-house) market players include Siemens AG, Schneider Electric SE, ABB Ltd., General Electric Company, Eaton Corporation PLC, LS Electric Co., Ltd., and Aktif Elektroteknik Sanayi ve Ticaret A.S, among others.

Key Highlights of the Report