E-House Market Worth 1.51 Billion USD by 2023
PUNE, India, January 29, 2018 /PRNewswire/ --
According to the new market research report " E-House Market by Type (Fixed E-House and Mobile Substation), Application (Industrial (Metals & Mining and Oil & Gas), and Utilities), and Region (Middle East & Africa, Americas, Europe, APAC) - Global Forecast to 2023" , published by MarketsandMarkets™, the market is expected to grow from USD 1.09 Billion in 2018 to USD 1.51 Billion by 2023, at a CAGR of 6.75% between 2018 and 2023. E-House is called by many names in the industry; electrical house, prefabricated substation, compact power house, and modular substation are some of them. Factors driving the growth of this market include the cost-effectiveness, flexibility, and easy installation of E-House. E-House can be installed in a limited space with just a simple foundation and easily relocated without difficulties.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 34 market data Tables and 36 Figures spread through 105 Pages and in-depth TOC on " E-House Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/e-house-market-250930667.html
Early buyers will receive 10% customization on reports
Mobile substation expected to hold larger share of E-House market during forecast period
Mobile substation can be handy for emergency response as a backup unit. It can also be useful in cases where the energy distribution needs to be provided or reinstated in a short span of time. Mobile substation as a backup for disaster response can ensure quick power supply and faster recovery during an incident. Transportability, short startup and commissioning time, reduced mechanical footprint, and no civil work requirement are some of the key benefits which are expected to drive the growth of the mobile substation segment of the global E-House market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=250930667
Market for utilities application expected to grow at higher CAGR during forecast period
E-Houses are used in both utilities and industrial applications for varied benefits. Planned maintenance, disaster response, and rapid expansion of transmission capacity are some use cases where E-Houses have delivered proven outcome for utilities applications. E-Houses are used to provide temporary power supply during unplanned repairs. Moreover, in the times of planned maintenance, E-House can reduce or even eliminate the need for extended electricity outages.
Many companies including Siemens, General Electric, Eaton, Schneider Electric, and Meidensha Corporation provides E-Houses to the utility industry. For instance, in 2017, Siemens delivered two mobile substations for National Grid SA, the transmission operator of Saudi Electricity Co. Siemens will design two 380kV mobile substation with the transformer rating of 502 MVA each. General Electric has supplied several mobile substations in the utility sector, including Saudi Electricity Company from Saudi Arabia and E.ON SE electric project in Spain.
E-House market in the Middle East & Africa to grow at highest CAGR during forecast period
Middle East & Africa not only holds the largest market share followed by the Americas, but is also expected to grow at the highest rate during the forecast period. Rapid electrification in Africa, along with the demand from metals & mining industry in the region is expected to drive the growth of the global E-House market.
After the uncertain political environment in the Middle East countries such as Iraq in recent years, the situation is improving, and the governments are trying to put basic amenities in place. As a part of this, in 2017, the Ministry of Electricity in Iraq ordered 12 mobile substations for its utilities. The increase in power supply leads to a need for new substations which will overcome the power shortage issue in Iraq. In 2014, the ministry had ordered 16 mobile substations from CG Power (India). These substations are deployed throughout Iraq for utilities and industries to provide interim grid connections and temporary power supplies. Angola, Mozambique, and Libya, among others, are the countries with a significant demand for E-House.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=250930667
Key players in this market are Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), General Electric (US), CG Power (India), and Meidensha (Japan). Other companies covered in this report are Electroinnova (Spain), WEG (Brazil), TGOOD (Hong Kong), Powell Industries (US), Elgin Power Solutions (US), Matelec Group (Lebanon), Aktif Group (Turkey), PME Power Solutions (India), EKOS Group (Turkey), Efacec (Portugal), and Delta Star (US).
Browse Related Reports
Digital Substation Market by Module (Hardware, Fiber Optic Communication Network, and SCADA), Type (Transmission and Distribution Substation), Voltage (Up to 220 kV, 220-550 kV, and above 550 kV), Industry, and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/digital-substation-market-43227003.html
Substation Automation Market by Module (IEDS, Communication Network, SCADA System), Offering, Type (Transmission, Distribution), Installation Type (Retrofit & New Installation), Industry & Geography - Global Forecast to 2022
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article