According to the report published by Allied Market Research, the global electrical house market was estimated at $1.24 billion in 2020 and is expected to hit $2.3 billion by 2030, registering a CAGR of 6.4% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Both small and large projects in different sectors require e-house for power supply and transmission purposes. The role of e-house is gaining importance in several end-use sectors, owing to advantages such as easy installation, ease of transportation, and less space requirement. In addition, it is a cost-effective substitute to traditional concrete block and brick construction that makes customers become more linear toward using e-house for power supply purposes. These are the major electrical house (e-house) market trends that are further anticipated is drive the demand of the global market. Moreover, it is often used to reduce or eliminate the need for extended electricity outages in utility sector; thus, this factor is predicted to notably contribute toward the growth of the global market.
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The global electrical house market is analyzed across type, application, voltage type, and region. Based on type, the mobile substation segment accounted for around three-fifths of the total market share in 2020, and is expected to rule the roost by 2030. The same segment is also expected to garner the fastest CAGR of 6.5% throughout the forecast period. The report also studies the fixed e-house segment.
Based on application, the industrial segment contributed to more than half of the total market revenue in 2020, and is projected to lead the trail by 2030. The segment would exhibit the fastest CAGR of 6.5% during the forecast period. The research report also studies other segments such as oil and gas, mining and minerals, chemical, and other industrial application.
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Based on region, the market across Asia-Pacific held the major share in 2020, garnering more than one-third of the global market. The same region would also manifest the fastest CAGR of 7.1% throughout the forecast period.
ly applications.
The key players operating in the global electrical house market include ABB, Axis Solutions Pvt Ltd, BMarko Structures Inc., Eaton, General Electric, Kasa Analgen, Panel Built Incorporated, Schneider Electric, Siemens AG, and TECO Corporation.
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COVID-19 analysis
- Several companies had either shut down or shrunk their operations due to the risk of infections among the workforce, especially during the initial phase of the pandemic, which temporarily hampered the growth of electrical house market.
- Nevertheless, as the global situation is getting ameliorated, the market is projected to revive soon.
Key findings of the study
- The mobile substation type is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030.
- The industrial application segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030.
- The medium segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.5% from 2021 to 2030
- Asia-Pacific garnered the highest share of 35.5% in 2020, in terms of revenue, growing at a CAGR of 7.1%
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.